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.
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
Recommended Citation
Pritchard, John T., "You Have to Play to Win: Value Capture in Open Innovation" (2023). Electronic Theses and Dissertations. 2349.
https://digitalcommons.du.edu/etd/2349
Discipline
Management