Recipes for innovation: A configurational analysis of openness, appropriability, and environmental uncertainty

IF 6.9 2区 经济学 Q1 BUSINESS, FINANCE
Xueyang Wu, Qingliang Meng, Jiajun Sun
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引用次数: 0

Abstract

This study introduces the context of the openness paradox and innovation into the exploitation–exploration dilemma framework. Applying a fuzzy-set qualitative comparative analysis to 247 Chinese manufacturing companies, we examine the interaction effects between openness (innovation breadth and depth), appropriability (level of value capture), and environmental (market and technological) uncertainty dimensions. Findings identify one configuration for exploitative innovation (configurations I), three for exploratory innovation (configurations R1, R2, and R3), and one for innovation ambidexterity (configurations A), revealing that specific combinations of the factors support specific innovations. This study emphasizes the synergy between the openness paradox and innovation context in achieving specific innovations, demonstrates how environmental uncertainty support the effectiveness of various combinations of openness and appropriability, and integrates the openness paradox as a configurational challenge.
创新的秘诀:开放性、适宜性和环境不确定性的构型分析
本研究将开放悖论与创新的语境引入利用-探索困境框架。通过对247家中国制造企业的模糊集定性比较分析,研究了开放性(创新广度和深度)、适宜性(价值获取水平)和环境(市场和技术)不确定性维度之间的交互效应。研究发现,开发型创新有1个配置(配置I),探索性创新有3个配置(配置R1、R2和R3),双灵巧型创新有1个配置(配置A),揭示了特定的因素组合支持特定的创新。本研究强调了开放性悖论和创新情境在实现特定创新中的协同作用,论证了环境不确定性如何支持开放性和适宜性的各种组合的有效性,并将开放性悖论作为一种配置挑战进行整合。
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来源期刊
Finance Research Letters
Finance Research Letters BUSINESS, FINANCE-
CiteScore
11.10
自引率
14.40%
发文量
863
期刊介绍: Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies. Papers are invited in the following areas: Actuarial studies Alternative investments Asset Pricing Bankruptcy and liquidation Banks and other Depository Institutions Behavioral and experimental finance Bibliometric and Scientometric studies of finance Capital budgeting and corporate investment Capital markets and accounting Capital structure and payout policy Commodities Contagion, crises and interdependence Corporate governance Credit and fixed income markets and instruments Derivatives Emerging markets Energy Finance and Energy Markets Financial Econometrics Financial History Financial intermediation and money markets Financial markets and marketplaces Financial Mathematics and Econophysics Financial Regulation and Law Forecasting Frontier market studies International Finance Market efficiency, event studies Mergers, acquisitions and the market for corporate control Micro Finance Institutions Microstructure Non-bank Financial Institutions Personal Finance Portfolio choice and investing Real estate finance and investing Risk SME, Family and Entrepreneurial Finance
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