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Institutional voids and innovation governance: A conceptual exposition of the open versus closed architecture choice
Author(s) -
Liedong Tahiru Azaaviele,
Peprah Augustine Awuah,
Eyong Joseph Ebot
Publication year - 2020
Publication title -
strategic change
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.527
H-Index - 16
eISSN - 1099-1697
pISSN - 1086-1718
DOI - 10.1002/jsc.2310
Subject(s) - corporate governance , normative , business , exposition (narrative) , open innovation , institutional theory , politics , architecture , industrial organization , conceptual model , economic system , marketing , economics , management , political science , computer science , art , literature , finance , law , visual arts , database
The choice of open versus closed innovation is shaped by the interplay between firms' analytical orientation and the institutional conditions within firms' operating environments. Whereas there is a plethora of research about the antecedents of innovation performance, there is a lack of understanding about the factors affecting and influencing innovation governance. Regulatory, normative, and cognitive institutional voids have differential impacts on the choice of open versus closed innovation. Firms' analytical orientation, political connections, and collaborating partners' home country institutions moderate the effect of institutional voids on innovation governance.