Highlights • Firms are willing to reveal if appropriability mechanisms are in place; • Revealing ... more Highlights • Firms are willing to reveal if appropriability mechanisms are in place; • Revealing is associated with value creation for customers; • Financial markets do not perceive the value of revealing; • There are typologies on the relationships between appropriability and revealing. Abstract The open innovation literature provides compelling evidence of value being created from inbound knowledge flows. Missing from this conversation is an empirical understanding of why firms reveal intellectual property without immediate financial return. Revealing seems contrary to capturing rents from innovation. Using survey data and secondary data from a national intellectual property register and listed company financial reports, we find a significant positive relationship between appropriation and revealing, indicating a firm's willingness to reveal if robust appropriability mechanisms are in place. Revealing, in the presence of appropriability mechanisms, is also associated with higher value creation for customers but lower levels of value capture, as perceived by financial markets. We attribute the negative relationship with value capture to a misalignment between investors and managers regarding the role of revealing as an innovation strategy. We contribute to the open innovation and business model literatures with a typology of strategic relationships between appropriability and revealing, consisting of isolators, givers, takers and ecosystem developers.
... Garnsey et al. (200626. Garnsey, E., Stam, E. and Heffernan, P. 2006. 'New firm growth: ... more ... Garnsey et al. (200626. Garnsey, E., Stam, E. and Heffernan, P. 2006. 'New firm growth: exploring processes and paths'. ... As Garnseyet al. state (200626. Garnsey, E., Stam, E. andHeffernan, P. 2006. 'New firm growth: exploring processes and paths'. ...
Purpose???This paper offers a conceptualization of the internationalization decision confronted b... more Purpose???This paper offers a conceptualization of the internationalization decision confronted by a firm in an environment of terrorism-induced risk. Design/methodology/approach???The approach taken is a conceptualization of the internationalization decision ...
We study the narratives of executive managers of internationalizing firms to understand their org... more We study the narratives of executive managers of internationalizing firms to understand their organization of time in the internationalization process. While most of the international business literature has studied internationalization processes in terms of objective 'clock ...
Highlights • Firms are willing to reveal if appropriability mechanisms are in place; • Revealing ... more Highlights • Firms are willing to reveal if appropriability mechanisms are in place; • Revealing is associated with value creation for customers; • Financial markets do not perceive the value of revealing; • There are typologies on the relationships between appropriability and revealing. Abstract The open innovation literature provides compelling evidence of value being created from inbound knowledge flows. Missing from this conversation is an empirical understanding of why firms reveal intellectual property without immediate financial return. Revealing seems contrary to capturing rents from innovation. Using survey data and secondary data from a national intellectual property register and listed company financial reports, we find a significant positive relationship between appropriation and revealing, indicating a firm's willingness to reveal if robust appropriability mechanisms are in place. Revealing, in the presence of appropriability mechanisms, is also associated with higher value creation for customers but lower levels of value capture, as perceived by financial markets. We attribute the negative relationship with value capture to a misalignment between investors and managers regarding the role of revealing as an innovation strategy. We contribute to the open innovation and business model literatures with a typology of strategic relationships between appropriability and revealing, consisting of isolators, givers, takers and ecosystem developers.
... Garnsey et al. (200626. Garnsey, E., Stam, E. and Heffernan, P. 2006. 'New firm growth: ... more ... Garnsey et al. (200626. Garnsey, E., Stam, E. and Heffernan, P. 2006. 'New firm growth: exploring processes and paths'. ... As Garnseyet al. state (200626. Garnsey, E., Stam, E. andHeffernan, P. 2006. 'New firm growth: exploring processes and paths'. ...
Purpose???This paper offers a conceptualization of the internationalization decision confronted b... more Purpose???This paper offers a conceptualization of the internationalization decision confronted by a firm in an environment of terrorism-induced risk. Design/methodology/approach???The approach taken is a conceptualization of the internationalization decision ...
We study the narratives of executive managers of internationalizing firms to understand their org... more We study the narratives of executive managers of internationalizing firms to understand their organization of time in the internationalization process. While most of the international business literature has studied internationalization processes in terms of objective 'clock ...
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