The more the merrier? Network portfolio size and innovation performance in Nigerian firms |
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| Institution: | 1. Department of Mechanics, Mathematics, and Management, Politecnico di Bari, Italy;2. Department of Business and Management, LUISS Guido Carli, Italy;1. Department of Industrial Engineering and Innovation Sciences, Eindhoven University of Technology, The Netherlands;2. Department of Organization & Strategy, Maastricht University, The Netherlands;3. Department of Organization and Strategy, Tilburg University, The Netherlands |
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| Abstract: | A positive relationship between firms' networking activities and innovativeness has been consistently established in the literature on innovation. However, studies considering different innovation types, and on developing countries are scarce. This paper addresses questions concerning the relationship between networking strategies and innovativeness of firms, using innovation survey data on Nigerian firms. Quantile regression is applied to trace the link between portfolio size and innovation at different levels of innovative success. The results show a positive relationship between a firm's innovation performance and the size of its networking portfolio. This relationship varies across different innovation types and with increasing innovation performance. The findings suggest that the widely accepted portfolio approach to external search for knowledge is not necessarily always the best—its utility depends on the firm's current level of innovative success. This poses a challenge for open innovation. |
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| Keywords: | Networking Collaboration External knowledge Open innovation Innovative success Nigeria |
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