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Creating value by giving away: A typology of different innovation revealing strategies

机译:通过放弃创造价值:不同创新的类型学揭示策略

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摘要

The open innovation literature provides compelling evidence of value being created from inbound knowledge flows. Missing from this conversation is an empirical understanding of why firms reveal intellectual property without immediate financial return. Revealing seems contrary to capturing rents from innovation. Using survey data and secondary data from a national intellectual property register and listed company financial reports, we find a significant positive relationship between appropriation and revealing, indicating a firm's willingness to reveal if robust appropriability mechanisms are in place. Revealing, in the presence of appropriability mechanisms, is also associated with higher value creation for customers but lower levels of value capture, as perceived by financial markets. We attribute the negative relationship with value capture to a misalignment between investors and managers regarding the role of revealing as an innovation strategy. We contribute to the open innovation and business model literatures with a typology of strategic relationships between appropriability and revealing, consisting of isolators, givers, takers and ecosystem developers.
机译:开放式创新的文献提供了从入境知识流动被创造的价值令人信服的证据。从这次谈话缺少的是为什么公司没有透露立即财务回报的知识产权经验的认识。揭示似乎违背了从创新获取租金。从国家知识产权登记和上市公司的财务报表中使用的调查数据和次要数据,我们发现挪用,揭示之间的显著正相关关系,表明公司愿意透露,如果强大的独占性机制到位。揭示,在独占性机制的存在,也有较高的为客户创造价值,但价值获取的较低水平相关,受金融市场所察觉。我们认为与价值获取有关揭示作为创新战略的作用的负相关关系到投资者和管理者之间的错位。我们促进开放式创新和商业模式的文献与独占性,揭示之间的战略合作关系进行了分类,包括隔离,送礼者,接受者和生态系统开发的。

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