You Have to Play to Win: Value Capture in Open Innovation

<p>Despite the extensive research on open innovation, debate remains on the relationship between open innovation and firm performance. No consensus exists on the measures of performance and the mechanisms that enable value capture remain largely unexplored. This dissertation addresses these issues in two parts. First, a theoretical model based on knowledge flows is introduced. Knowledge is at the heart of open innovation and this dissertation examines the role that external and internal knowledge play in firm performance outcomes. It integrates the dynamic capability view and open innovation literature to build a framework and set of arguments on how knowledge is necessary to capture value.</p> <p>Next, an empirical analysis is conducted using an unbalanced panel of 3002 firm-year observations in the U.S. stock market for the years 2017–2021. The analysis examines the mediating impact of knowledge, derived from externally acquired and internally developed intangible assets, on firm performance. Results of the mediation analysis show that external and internal knowledge partially mediates the effects of open innovation but require time to diffuse within an organization. This dissertation challenges previous arguments that knowledge from open innovation is free to all. Rather, it demonstrates that firms must participate for value capture from knowledge spillovers to occur.</p>

Name thesis:degree_name

Ph.D.

Level thesis:degree_level

Dissertation

Year

2023

Author dc:creator

• Pritchard, John T.

Contributors dc:contributor

• Paul Olk
• Michael Nalick
• Stephen Hutt
• Charles Dhanaraj
• Joel West

• Knowledge spillovers
• Open innovation
• Value capture
• Business
• Business Administration, Management, and Operations
• Other Business

Statement dc:rights

• <p>Copyright is held by the author. User is responsible for all copyright compliance.</p>

Language dc:language

English (eng)

Repository record dc:identifier

https://digitalcommons.du.edu/etd/2349

OAI identifier oai:identifier

oai:digitalcommons.du.edu:etd-3346