Open Innovation and the Growth of Startups in the Digital Economy: The Mediating Effect of Business Model Innovation

Abstract

Abstract:

How does open innovation impact firm performance? This is an important question in the field of strategy and innovation management. Drawing on dynamic capabilities perspective, this study examines the relationship between open innovation and the growth of startups, as well as the mediating effect of business model innovation under the context of China's digital economy. Using a sample of digital startups, this study finds that open depth, instead of open breadth, has a positive effect on the growth of startups. Furthermore, this effect is mediated by business model innovation. These findings advance researches in the field of open innovation and business model innovation.

Key words: open innovation, business model innovation, dynamic capabilities, digitization, growth of startups

Guo Hai, Han Jiaping. Open Innovation and the Growth of Startups in the Digital Economy: The Mediating Effect of Business Model Innovation[J]. , 2019, 31(6): 186-198.

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