Toward an aspirational-level theory of open innovation

Oliver Alexy, Elif Bascavusoglu-Moreau, Ammon J. Salter

Research output: Contribution to journalArticle

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Abstract

Although open innovation has become increasingly established in the management literature, comprehensive theoretical explanations of what drives firms to be open are sparse. Taking the perspective of the behavioral theory of the firm, we conceive of open innovation as a form of non-local search, arguing that firms will turn to open innovation when substantially under- or overperforming relative to their aspirations. We further enquire how this relationship is moderated by firm-specific innovation-related resources: human capital, R&D investment, and patents. Employing a representative survey of UK firms, we find some evidence of moderation, allowing us to present explanations of search through open innovation and contribute to the behavioral theory of the firm itself.
Original languageEnglish
Pages (from-to)289-306
Number of pages18
JournalIndustrial and Corporate Change
Volume25
Issue number2
DOIs
Publication statusPublished - 2 Apr 2016

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Open innovation
Behavioral theory of the firm
Resources
Human capital
Patents
Aspiration
Moderation
Innovation

Cite this

Toward an aspirational-level theory of open innovation. / Alexy, Oliver; Bascavusoglu-Moreau, Elif; Salter, Ammon J.

In: Industrial and Corporate Change, Vol. 25, No. 2, 02.04.2016, p. 289-306.

Research output: Contribution to journalArticle

Alexy, Oliver ; Bascavusoglu-Moreau, Elif ; Salter, Ammon J. / Toward an aspirational-level theory of open innovation. In: Industrial and Corporate Change. 2016 ; Vol. 25, No. 2. pp. 289-306.
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