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Impact of ICT adoption on absorptive capacity and open innovation for greater firm performance. The mediating role of ACAP

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  • Cuevas-Vargas, Héctor
  • Aguirre, Joao
  • Parga-Montoya, Neftalí

Abstract

The purpose of this research aims to empirically examine the impact of information and communication technology (ICT) adoption on absorptive capacity (ACAP) and open innovation (OI) for a greater business performance and determine whether ACAP has a mediating role in the relation between ICT adoption and OI. A quantitative approach and cross-sectional design through the Structural Equation Modeling was applied. A simple random sampling technique and a self-administered questionnaire was used to gather data from 145 small firms in Bogota, Colombia. The outcomes indicate that ICT adoption has a significant impact on ACAP and OI. Furthermore, the evidence reveals that ACAP has a significant influence on OI. Moreover, ACAP demonstrated to play a significant partial mediating effect in the relationship between ICT adoption and OI, indicating the ability of ICT adoption to strengthen OI via ACAP. Furthermore, the results indicate that OI has a significant impact on firm performance.

Suggested Citation

  • Cuevas-Vargas, Héctor & Aguirre, Joao & Parga-Montoya, Neftalí, 2022. "Impact of ICT adoption on absorptive capacity and open innovation for greater firm performance. The mediating role of ACAP," Journal of Business Research, Elsevier, vol. 140(C), pages 11-24.
    • Handle: RePEc:eee:jbrese:v:140:y:2022:i:c:p:11-24
    DOI: 10.1016/j.jbusres.2021.11.058
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