The hierarchical relationships between CEO characteristics, innovation strategy and firm performance in open innovation

Q3 Economics, Econometrics and Finance

International Journal of Entrepreneurship and Innovation Management Pub Date : 2020-02-13 DOI:10.1504/ijeim.2020.10026941

J. Ahn

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引用次数: 10

Abstract

Open innovation (OI) has become an important business norm of successful firms; however, its strategic aspects and the role of a key individual, such as a chief executive officer (CEO) in its adoption, have been under-researched. This paper aims to investigate whether OI is relevant to SMEs and how CEO characteristics influence firm performance through OI. The hierarchical relationships between a firm and CEO characteristics are analysed with structural equation modelling (SEM) using data from 401 innovation-oriented SMEs in Korea. The results indicate that: 1) openness can make a greater contribution to firm performance; 2) CEO characteristics are positively associated with openness; 3) government support positively influences both openness and internal R&D. The research suggests that the human elements in SMEs should place a greater emphasis on OI to enhance firm performance and that policy makers should consider developing various programs for key decision makers in SMEs to increase their awareness of OI.

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开放创新中CEO特征、创新战略与企业绩效的层次关系

开放创新（OI）已成为成功企业的重要商业规范；然而，它的战略方面以及关键个人（如首席执行官）在其采用过程中的作用一直没有得到充分的研究。本文旨在研究OI是否与中小企业相关，以及CEO特征如何通过OI影响企业绩效。利用韩国401家创新型中小企业的数据，采用结构方程模型（SEM）分析了企业与CEO特征之间的层次关系。研究结果表明：1）开放性对企业绩效的贡献较大；2） CEO特征与开放性呈正相关；3）政府支持对开放性和内部研发都有积极影响。研究表明，中小企业的人的因素应该更加重视OI，以提高企业绩效，政策制定者应该考虑为中小企业的关键决策者制定各种计划，以提高他们对OI的认识。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Journal of Entrepreneurship and Innovation Management Economics, Econometrics and Finance-Economics and Econometrics

CiteScore

1.60

自引率

0.00%

发文量

期刊介绍： IJEIM provides a refereed and authoritative source of information and international forum in the field of entrepreneurship and innovation management and related topics. It offers an interface between entrepreneurship and innovation, as well as business corporate strategy and government economic policy. The journal is supported by the International Society for Professional Innovation Management (ISPIM). Topics covered include Corporate innovation restructuring Managing/leading fast-paced high-tech start-ups Intrapreneurship/corporate venturing International aspects of entrepreneurship Entrepreneurship in economic development New business incubators, networks, technology parks, etc Government policies Venture capital, government funds/grants Technological/organisational innovation Strategic cooperation among SMEs Case studies, lessons learnt Strategy development/implementation where high-tech/market risk Innovation, technopreneurship, licensing/franchising Marketing of innovations/by entrepreneurs Cross-cultural management.