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http://dx.doi.org/10.14400/JDC.2021.19.5.145

The Influence of Open Innovation on Innovation Performance of SMEs : Estimation using the Three-step Least Squares method  

Jeong, Myoung-Sun (Dept. of Software Engineering, Anyang University)
Publication Information
Journal of Digital Convergence / v.19, no.5, 2021 , pp. 145-152 More about this Journal
Abstract
In this study, we have examined the effect of open innovation of SMEs on innovation performance of firms. Most studies do not consider internal generation in relation to open innovation and innovation performance.We conducted empirical studies to overcome this problem. The research was carried out by collecting data collected from 512 SMEs and the 3SLS method was used to minimize the internal generation. As a result, open innovation investment and use of external ideas among SMEs' open innovation have positively influenced project success and technical performance. But, the introduction of technology and cooperation with the research organization did not affect the innovation performance, which is presumed to be due to the fact that the open innovation of SMEs is limited to relatively inexpensive activities. Therefore, in order to promote open innovation of SMEs, it is necessary to provide support for relatively high-cost activities and to improve the innovation performance of enterprises. In order to reduce the difficulties of open innovation activities, domestic universities and research institutes should support the construction of enterprise networks and actively support the utilization of technology to expand innovation performance.
Keywords
Open Innovation; SMEs; Three-stage least squares; Technical performance; Innovation performance;
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