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Linking Open Innovation and Firm Performance

Linking Open Innovation and Firm Performance

Francisco Eugenio Musiello-Neto, Orlando Manuel Martins Marques Lima Rua, Mario Arias-Oliva
Copyright: © 2022 |Pages: 22
ISBN13: 9781799886655|ISBN10: 1799886654|ISBN13 Softcover: 9781799886662|EISBN13: 9781799886679
DOI: 10.4018/978-1-7998-8665-5.ch009
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MLA

Musiello-Neto, Francisco Eugenio, et al. "Linking Open Innovation and Firm Performance." Impact of Open Innovation on the World Economy, edited by Orlando Lima Rua, IGI Global, 2022, pp. 220-241. https://doi.org/10.4018/978-1-7998-8665-5.ch009

APA

Musiello-Neto, F. E., Rua, O. M., & Arias-Oliva, M. (2022). Linking Open Innovation and Firm Performance. In O. Rua (Ed.), Impact of Open Innovation on the World Economy (pp. 220-241). IGI Global. https://doi.org/10.4018/978-1-7998-8665-5.ch009

Chicago

Musiello-Neto, Francisco Eugenio, Orlando Manuel Martins Marques Lima Rua, and Mario Arias-Oliva. "Linking Open Innovation and Firm Performance." In Impact of Open Innovation on the World Economy, edited by Orlando Lima Rua, 220-241. Hershey, PA: IGI Global, 2022. https://doi.org/10.4018/978-1-7998-8665-5.ch009

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Abstract

This study aims to analyze the relationship between open innovation and firm performance. A quantitative methodology was adopted with a survey of 251 small and medium-sized enterprise (SME) top managers in the hospitality sector, particularly in hotels. The primary data collected were subjected to descriptive and inferential statistical analysis treatments, highlighting the application of the structural equations model. The findings show that open innovation enhances hotel performance. In practical terms, this study will guide, on the one hand, the firms' top managers of the hospitality sector in the definition of open innovation strategies to develop the relevant resources and capacities for achieving superior performance. On the other hand, it can contribute to the meaning of effective government programs to support firms in this sector.

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