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The influence of open innovation practices on business performance in Mexican family and non-family SMEs

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  • Marisela-Yazmín García-Vidales
  • Gonzalo Maldonado-Guzmán
  • Sandra-Yesenia Pinzón-Castro

Abstract

Open innovation has emerged as a topic of great importance due to the recognized benefits that it brings to the company's business performance; however, it has been sparsely addressed in SMEs from developing countries. Therefore, this study aims to analyze and discuss the relationship between open innovation and business performance in family and non-family SMEs in Mexico. A survey-based study was carried out on a sample of 308 firms. Following this, the data was analyzed through a structural equation model. The results show that for these companies, the outflow and especially the inflow of external knowledge exert a positive influence on business performance

Suggested Citation

  • Marisela-Yazmín García-Vidales & Gonzalo Maldonado-Guzmán & Sandra-Yesenia Pinzón-Castro, 2019. "The influence of open innovation practices on business performance in Mexican family and non-family SMEs," Estudios Gerenciales, Universidad Icesi, vol. 35(153), pages 370-378, December.
    • Handle: RePEc:col:000129:017763
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    1. Wu, Hangyao & Xu, Zeshui & Skare, Marinko, 2022. "How do family businesses adapt to the rapid pace of globalization? a bibliometric analysis," Journal of Business Research, Elsevier, vol. 153(C), pages 59-74.

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    More about this item

    Keywords

    open innovation; inbound; outbound; business performance; family firms; non-family firms;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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