How knowledge flow affects Korean ICT manufacturing firm performance: a focus on open innovation strategy |
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| Authors: | Seungmin Kim Hongbum Kim |
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| Affiliation: | 1. New Growth Industry Research Division, Korea Institute for Industrial Economics &2. Trade, Sejong-si, Republic of Korea;3. School of Information Sciences, University of Pittsburgh, Pittsburgh, PA, USA |
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| Abstract: | The paper presents an integrated viewpoint of technological innovation strategy by considering both the firm and industry levels. Further, we provide a new open innovation framework by adopting a knowledge flow perspective using patent citation information. Finally, we consider a firm’s outbound open innovation performance using cites per patent information together with financial performance to look at both the practical and the potential effects of technological innovation strategy. Through these analyses, this study examines determinants of open technology innovation activity in the information and communication technology manufacturing industry in Korea and draws managerial and policy implications for effective industry promotion and improvement of technology innovation capability. |
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| Keywords: | Open innovation strategy knowledge flow exploration and exploitation strategy patent citation firm performance |
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