Exploring time lag effects of open innovation practices on performance during economic turmoil
Authors
C. Fry, A.-L. Mention, S. Temel, and M. Torkkeli
Reference
International Journal of Business Innovation and Research, vol. 10, no. 2-3, 2016
Description
This research explores inbound open innovation practices, their effects on innovation performance and captures the associated time lag effects. To assess the time lag effects, several waves of Turkish CIS data were pooled to capture the dynamics of its national innovation process. The originality of our study is to use a bootstrap method as an alternative statistical method to investigate time lag effects and data for discrete-event simulations. Our findings contrast with the literature regarding the role of belonging to an international group is considered as the most valuable source of information. The peculiarities of Turkey can explain this finding. Indeed, most of the offices and factories belong to large multinationals, which mainly concentrate on production activities by benefitting from the low production costs due to the relatively low qualified workforce and associated costs. Our findings also unveil the importance of internal R&D, as well as other sources of information and international cooperation.
