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http://dx.doi.org/10.14400/JDC.2021.19.11.235

Impact of SME's Open Innovation and Organization Capabilities on Corporate Performance  

Lee, Sang-Jik (Dept. of Information Management, Graduate School of Venture, Hoseo University)
Park, Kyung-Hi (Dept. of Information Management, Graduate School of Venture, Hoseo University)
Publication Information
Journal of Digital Convergence / v.19, no.11, 2021 , pp. 235-246 More about this Journal
Abstract
This study analyzed the effects of SMEs' open innovation capabilities and organization capabilities to lead these innovations on corporate performance. For this purpose, an empirical analysis was conducted targeting 250 small and medium-sized enterprises(SMEs) employee. The empirical study results are as follows. Absorptive capability, relational capability, CEO's innovativeness, employee's innovativeness, and decision-making openness had a significant positive (+) effect on the non-financial performance of SMEs. It was analyzed that multiplicative capability did not significantly affect non-financial performance. On the other hand, absorptive capability, relational capability, CEO's innovativeness, and decision-making openness had a significant positive (+) effect on the financial performance of SMEs. It was analyzed that multiplicative capability and employee's innovativeness did not significantly affect financial performance. Decision-making openness and absorptive capability were analyzed as factors that have an most important influence on a company's financial and non-financial performance. Based on these research results, academic and practical implications were presented.
Keywords
Small and Medium-sized Enterprises(SMEs); Innovation Capacity; Organization Capability; Corporate Performance; Absorptive Capability; Multiplicative Capability; Relational Capability; CEO's Innovativeness; Employee's Innovativeness; Decision-making Openness;
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