Exploring the open innovation information spillover effect: Conceptual framework construction and exploratory analysis

This paper studies the dependence structure and information spillover effect between the RMB exchange rate and the Chinese stock market based on the R-vine copula model and spillover index model. The results show that due to the occurrence of the trade war, the correlation between the three RMB exchange rate indicators and the two stock market indicators increases in varying degrees. In the intensity of spillover, the information spillover of the stock market to the RMB exchange rate is significantly enhanced, and the information spillover intensity of the RMB Index to the stock market increases, but the information spillover of the US dollar and Hong Kong dollar exchange rates to the stock market is significantly weakened. In the direction of spillover, the spillover of the RMB Index and stock market shows the characteristics of alternating transformation, while the exchange rate of a single currency and the stock market shows a one-way transmission from the stock market to the exchange rate. Additionally, the information spillover between the RMB exchange rate and the stock market is closely related to the degree of market openness. The RMB Index contains more information than the exchange rate of a single currency.

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Is open innovation always the best for SMEs? An exploratory analysis at the project level

Creativity and Innovation Management ◽

10.1111/caim.12375 ◽

2020 ◽

Vol 29 (2) ◽

pp. 209-223 ◽

Cited By ~ 1

Author(s):

Cristina Marullo ◽

Alberto Di Minin ◽

Chiara De Marco ◽

Andrea Piccaluga

Keyword(s):

Open Innovation ◽

Exploratory Analysis ◽

Project Level

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Government governance, executive networks and corporate investment efficiency

China Finance Review International ◽

10.1108/cfri-06-2016-0053 ◽

2018 ◽

Vol 8 (2) ◽

pp. 122-139 ◽

Cited By ~ 8

Author(s):

Xin Jin ◽

Junli Yu

Keyword(s):

Design Methodology ◽

Spillover Effect ◽

Corporate Investment ◽

Investment Behavior ◽

Investment Efficiency ◽

Conduction Path ◽

Content Type ◽

Informal Institution ◽

Government Governance ◽

Information Spillover

PurposeOwing to the importance of the investment behavior in China, the purpose of this paper is to find the influence of executive network and government governance on investment efficiency.Design/methodology/approachThe paper use China’s listed companies as sample to make an investment efficiency determinant model.FindingsIn this article, the authors find that larger executive network and higher government governance will lead to more corporate investment efficient. Furthermore, the informal institution – executive network, is not only an effective way to alleviate financing constraints, but also can solve underinvestment problem. While the improvement of local government governance can provide institutional protection, it will also be more conducive to restrain overinvestment behavior.Research limitations/implicationsThe authors have not explored conduction path. Especially, the authors have not examined whether information spillover effect or the release of resources constraints in executive network plays a more important role to ease investment insufficient.Originality/valueUnder the Chinese circumstance, relationship governance can not only promote companies to improve investment efficiency, but also provide an important guarantee for sustained macroeconomic growth.

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Are Stock Markets Interdependent? An Empirical Study of Selected Market Indices

GIS Business ◽

10.26643/gis.v11i4.3432 ◽

2016 ◽

Vol 11 (4) ◽

pp. 57-67

Author(s):

Falguni H. Pandya

Keyword(s):

Granger Causality ◽

Spillover Effect ◽

Correlation Coefficients ◽

Granger Causality Test ◽

Causality Test ◽

Market Index ◽

International Investors ◽

Basic Characteristics ◽

Highly Correlated ◽

Information Spillover

It has been acclaimed by various researchers that international diversification has reduced its charm as return-risk of the world markets are highly correlated due to information spillover effect and globalization. This study examines inter linkages and interactions, if any, among the selected twelve indices of developed and emerging economies. The study applies descriptive statistics, correlation coefficients and Granger Causality test to check basic characteristics of each indices and their correlation and impact on each other. Granger Causality test for some indices shows that return of one market index had causal influence on return in other market index. The finding of this paper gives good insights to the international investors who are looking to reduce risk for a given level of return.

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Sustainability project partnerships in times of crisis: conceptual framework and implications for stakeholder integration

Journal of Entrepreneurship and Public Policy ◽

10.1108/jepp-04-2021-0044 ◽

2021 ◽

Vol ahead-of-print (ahead-of-print) ◽

Author(s):

Guido Grunwald ◽

Jürgen Schwill ◽

Anne-Marie Sassenberg

Keyword(s):

Conceptual Framework ◽

Open Innovation ◽

Service Management ◽

Active Role ◽

Management Research ◽

Content Type ◽

Early Integration ◽

Starting Point ◽

Stakeholder Integration ◽

Design Options

PurposeThis paper aims to analyze the requirements for stakeholder integration in sustainability project partnerships in times of sustainability crisis. Referring to the COVID-19 pandemic as a sustainability crisis that has sensitized consumers and other stakeholders to corporate responsibility for social and sustainability issues, a conceptual framework for stakeholder integration is developed from which implications for designing the potential, process and result quality are derived.Design/methodology/approachIn this conceptual paper, design options for stakeholder integration are derived from open innovation and service management research. Specific crisis-related determinants of stakeholder integration are derived from current corporate social responsibility (CSR) and crisis research taking into account the opportunities and challenges of the COVID-19 pandemic. Design options and crisis-related determinants are then combined to a conceptual framework for stakeholder integration in sustainability project partnerships in times of crisis. Based on this framework, research propositions are derived that provide insights into the design of the potential, process and result quality of stakeholder integration.FindingsThis paper shows that the COVID-19 pandemic can be viewed as a sustainability crisis, which places special entrepreneurial demands on stakeholder integration in sustainability project partnerships. The pandemic offers potential for integrating a large number of stakeholders and has emphasized the need for integrating a broad range of stakeholders. Higher skepticism of stakeholders toward companies' CSR engagement in the pandemic has raised stakeholder demands for early integration. Higher skepticism and CSR involvement have rendered active forms of integration even more relevant, which, however, should still be adapted to the respective stakeholder prerequisites. The pandemic has increased the need for constant and comprehensive exchange of data on project results between stakeholders and the project leading organization. Measurement of target achievement can be promoted by establishing stakeholder commitment with regard to the target measures on the collective and relationship levels of the partnership. Finally, the pandemic has reinforced the need for more dialogical forms of communicating sustainability project results.Originality/valueSolving problems and exploiting opportunities in times of crisis require a high degree of entrepreneurship and creative leadership in order to gain new ideas and overcome resource deficits. Sustainability project partnerships in which various stakeholders contribute resources and knowledge to collaborate on idea development and finding solutions to sustainability issues are suitable for this. However, previous approaches to stakeholder integration in open innovation and service management research largely neglect the crisis context and only a few are related to sustainability. In CSR and crisis research, stakeholder-related approaches to coping with crises tend to be underrepresented, and the comprehensive concept of stakeholder integration has so far hardly been considered as an approach to crisis management. By taking into account the COVID-19 pandemic as a sustainability crisis, this paper provides new impulses for the integration of stakeholders in sustainability project partnerships in times of crisis. Recommendations for the design of the potential, process and result quality are derived, which provide insights for project leaders and stakeholders alike. In addition, implications for public policymakers are derived, who are assigned an increasingly active role in the pandemic and who can contribute to the success of sustainability project partnerships by setting suitable framework conditions. The developed concept can be expanded to include further company-related determinants and offers a starting point for empirical analysis in the still underexplored research fields of sustainability-oriented relationship marketing and sustainability crises.

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Crowdfunding and Open Innovation Together: A Conceptual Framework of a Hybrid Crowd Innovation Model

International Journal of Innovation and Technology Management ◽

10.1142/s0219877021500036 ◽

2021 ◽

pp. 2150003

Author(s):

Ahmet Çubukcu ◽

Tuba Ulusoy ◽

Esra Yaşar Boz

Keyword(s):

Technology Transfer ◽

Conceptual Framework ◽

Open Innovation ◽

Research Problem ◽

Exploratory Research ◽

Innovation Ecosystem ◽

Main Research ◽

Project Idea ◽

Innovation Model ◽

Start Ups

Crowdfunding and open innovation make great contributions to the entrepreneurship and innovation ecosystem. In this study, we conduct exploratory research to put forward the mechanisms that are developed to benefit from crowds to carry out innovative projects in the context of open innovation and crowdfunding. Our main research problem is whether there is a digital platform that enables both knowledge/technology transfer and project collaboration of entrepreneurs and enterprises on project/idea development. We observe that a hybrid crowd innovation model is needed to create various collaboration and innovation opportunities between entrepreneurs, SMEs, start-ups and corporate enterprises. In this context, we put forth a conceptual framework to show that greater opportunities will emerge in the field of entrepreneurship and innovation if crowdfunding and open innovation hybridize. The main purpose of this study is to propose a conceptual framework within this scope and then to verify the framework by creating a model as a future study.

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Inside-out: the forgotten side of ICT-enabled open innovation

Measuring Business Excellence ◽

10.1108/mbe-11-2018-0095 ◽

2019 ◽

Vol 24 (1) ◽

pp. 24-38 ◽

Cited By ~ 1

Author(s):

Davide Aloini ◽

Valentina Lazzarotti ◽

Luisa Pellegrini ◽

Pierluigi Zerbino

Keyword(s):

Conceptual Framework ◽

Information And Communication Technologies ◽

Open Innovation ◽

Deep Understanding ◽

Content Type ◽

Digital Platforms ◽

Information And Communication ◽

Ict Tools ◽

Definition Of

Purpose The role of information and communication technologies (ICTs) and digital platforms in enabling connectivity and collaboration among actors is neglected when dealing with outbound open innovation (OI). Moreover, the outbound OI process is not currently defined in a univocal way. Thus, this paper aims to outline the outbound OI phases and to explore role and capabilities of ICTs in supporting it. Design/methodology/approach Through a literature review approach, the authors specified the outbound OI process. Hence, the authors leveraged the similarities between the knowledge management process phases and the outbound OI phases for developing a conceptual framework that could match the outbound OI phases with acknowledged categories of ICT tools. Findings Through a process-view, the authors outlined outbound OI as a three-phase process. The authors developed a matrix-shaped framework in which the columns represent the three outbound OI process phases, while the rows are three ICT categories that could be suitable for supporting the outbound OI process. Practical implications The framework is designed to guide a deep understanding of how ICTs could support specific phases of the outbound OI process. In so doing, it could be useful for software developers interested in the preliminary design of an ICT platform for outbound OI. Originality/value The conceptual framework proposal as follows: specifies a detailed, process-oriented definition of the outbound OI; allows to identify the main ICT categories supporting the phases of the outbound OI process; and provides guidance for further exploration about the role of ICT in outbound OI.

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