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The Impact of Open Innovation on Manufacturing Enterprises′ R&D Input |
Jiang Zhangsheng1,2 |
(1.School of Business Administration, Zhejiang Gongshang University;2. Zheshang Research Institute, Zhejiang Gongshang University,Hangzhou 310018,China) |
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Abstract Open innovation has gradually become the inevitable product of the era development. No coincident conclusion has been reached on how open innovation influences R&D input of manufacturing enterprises. Using Chinese A-share manufacturing listed companies from 2009 to 2019 as samples to investigate the internal mechanism among open innovation and enterprise R&D input, and further explore moderating effects of government subsidies and market competition. The results show that: firstly, open innovation can significantly improve the R&D input of manufacturing enterprises. Secondly, the more R&D subsidies an enterprise receives from the government, the more external organizations prefer to engage into open innovation with it, and the more internal and external resources it can use for R&D input. Finally, the more intense the market competition is in this industry, the more enterprises tend to adopt open innovation, and increase R&D input with external resource owners to maintain competitive advantage. These research findings can provide some theoretical supports and policy references for promoting manufacturing enterprises to implement open innovation, and accelerating their transformation and upgrading.
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Received: 07 May 2020
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