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Please use this identifier to cite or link to this item: http://hdl.handle.net/1942/17045

Title: Managing open innovation projects with science-based and market-based partners
Authors: DU, Jingshu
Leten, Bart
Issue Date: 2014
Citation: RESEARCH POLICY, 43 (5), p. 828-840
Abstract: This paper examines the relationship between (outside-in) open innovation and the financial performance of R&D projects, drawing on a unique dataset that contains information on the open innovation practices, management and performance of 489 R&D projects of a large European multinational firm. We introduce two types of open innovation partnerships - science-based and market-based partnerships and examine their relationships with project financial performance. In addition, we investigate whether the open innovation project performance relationships are influenced by the way how R&D projects are managed. Our results show that R&D projects with open innovation partnerships are associated with a better financial performance providing that they are managed in the most suitable way. Market-based partnerships are positively correlated with project performance if a formal project management process is used; however these partnerships are associated with a lower performance for loosely managed projects. In contrast, science-based partnerships are associated with higher project revenues for loosely managed projects only. (C) 2014 Elsevier B.V. All rights reserved.
Notes: [Du, Jingshu; Vanhaverbeke, Wim] Hasselt Univ, Hasselt, Belgium. [Du, Jingshu; Leten, Bart] Vlerick Business Sch, B-9000 Ghent, Belgium. [Leten, Bart] Univ Louvain, Louvain, Belgium. [Leten, Bart] FWO Flanders, Brussels, Belgium. [Vanhaverbeke, Wim] ESADE Business Sch, Barcelona, Spain. [Vanhaverbeke, Wim] Natl Univ Singapore, Singapore 117548, Singapore.
URI: http://hdl.handle.net/1942/17045
DOI: 10.1016/j.respol.2013.12.008
ISI #: 000336468100003
ISSN: 0048-7333
Category: A1
Type: Journal Contribution
Validation: ecoom, 2015
Appears in Collections: Research publications

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