Date of Award

11-2023

Document Type

Dissertation

Degree Name

Ph.D.

Organizational Unit

Daniels College of Business

First Advisor

Paul Olk

Second Advisor

Michael Nalick

Third Advisor

Stephen Hutt

Fourth Advisor

Charles Dhanaraj

Fifth Advisor

Joel West

Keywords

Knowledge spillovers, Open innovation, Value capture

Abstract

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.

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.

Copyright Date

11-2023

Copyright Statement / License for Reuse

All Rights Reserved
All Rights Reserved.

Publication Statement

Copyright is held by the author. User is responsible for all copyright compliance.

Rights Holder

John T. Pritchard

Provenance

Received from ProQuest

File Format

application/pdf

Language

English (eng)

Extent

169 pgs

File Size

2.3 MB

Discipline

Management



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