Measuring open innovation practices through topic modelling: Revisiting their impact on firm financial performance

Qinli Lu, Henry Chesbrough · 2021 · Technovation

Summary. This study uses topic modelling and natural language processing to analyze companies' open innovation practices and their effect on financial performance. The researchers find that overall openness improves firm performance, but specific practices show mixed results with some displaying inverted U-shaped relationships. The impact of open innovation varies by sector and by how well internal R&D complements individual practices. The findings show open innovation's effects are nuanced with no universal best practices.

Read the original

@article{lu-2021-measuring-open-innovation-practices-topic,
  title   = {Measuring open innovation practices through topic modelling: Revisiting their impact on firm financial performance},
  author  = {Qinli Lu and Henry Chesbrough},
  journal = {Technovation},
  year    = {2021},
  doi     = {10.1016/j.technovation.2021.102434},
  url     = {https://doi.org/10.1016/j.technovation.2021.102434}
}

TY  - JOUR
TI  - Measuring open innovation practices through topic modelling: Revisiting their impact on firm financial performance
AU  - Qinli Lu
AU  - Henry Chesbrough
JO  - Technovation
PY  - 2021
DO  - 10.1016/j.technovation.2021.102434
UR  - https://doi.org/10.1016/j.technovation.2021.102434
ER  - 

Details

DOI

10.1016/j.technovation.2021.102434

Countries

Switzerland, United States, Italy

Regions

Europe, North America

Categories

innovation-theory, innovation-networks, general-innovation

Added

2026-04-28