Template-type: ReDIF-Paper 1.0  
Author-Name: Isabel Álvarez
Author-Email: mialvare@ucm.es
Author-Workplace-Name: Instituto Complutense de Estudios Internacionales (ICEI), Universidad Complutense de Madrid.
Author-Name: Cipriano Quirós
Author-Email: cquiros@ccee.ucm.es
Author-Workplace-Name: Instituto Complutense de Estudios Internacionales (ICEI), Universidad Complutense de Madrid.
Author-Name: Francisco J. Santos
Author-Email: fransant@ucm.es
Author-Workplace-Name: Instituto Complutense de Estudios Internacionales (ICEI), Universidad Complutense de Madrid.
Title: The differential impact of open innovation on the efficiency of firms
Abstract: The effects of open innovation strategies on the economic efficiency of firms is a topic often avoided, and about which little is known. This paper 
	contributes to the exploration of that connection, revealing persistent collaboration and the embeddedness of firms within their environments to be 
	two crucial aspects. Impacts on efficiency are conditioned by the type of external links employed, by the agents with whom a firm collaborates, and by 
	the inherent differences between foreign and domestic firms. Findings obtained from fresh empirical evidence provided in this paper reveal that: 1) 
	collaboration with competitors on innovation generates a direct effect on a firm’s efficiency, whether foreign or domestic; 2) only persistent and 
	vertical linkages have a positive impact; and 3) access to complementary sources of knowledge becomes increasingly relevant to a rise in efficiency as 
	a firm increases its embeddedness within a location, making institutional collaboration especially significant for domestic firms.
Keywords:
 Open innovation; Collaboration; Efficiency of firms; Foreign firms; Embeddedness.
Creation-Date: 2018
Length: 17 pages
Number: 1807
X-File-Ref: http://america.sim.ucm.es/repec/ucm/ref/wpaper18-07.txt
File-URL: https://eprints.ucm.es/id/eprint/54755/1/WP07-18.pdf
File-Format: Application/pdf
File-Function: Full text
Handle: RePEc:ucm:wpaper:1807