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Financial constraints in innovation projects: When is less more?

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  • Hoegl, Martin
  • Gibbert, Michael
  • Mazursky, David
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    Abstract

    This article aims to reconcile the seemingly contradicting arguments put forth in different literatures regarding the role of financial resource constraints as inhibitors or enablers of innovation in organizations. Recognizing that innovative endeavors are regularly carried out through team projects, we examine when, i.e., under what conditions, financial resource constraints enable, rather than inhibit, the performance of innovation teams. Specifically, we propose that the relationship between financial constraints and innovation project performance is moderated by a bounded creativity approach, a team process that leverages the team's domain-relevant skills, an engaging project objective, strong team cohesion, and team potency.

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    Bibliographic Info

    Article provided by Elsevier in its journal Research Policy.

    Volume (Year): 37 (2008)
    Issue (Month): 8 (September)
    Pages: 1382-1391

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    Handle: RePEc:eee:respol:v:37:y:2008:i:8:p:1382-1391

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    Web page: http://www.elsevier.com/locate/respol

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    Cited by:
    1. Grichnik, Dietmar & Brinckmann, Jan & Singh, Luv & Manigart, Sophie, 2014. "Beyond environmental scarcity: Human and social capital as driving forces of bootstrapping activities," Journal of Business Venturing, Elsevier, vol. 29(2), pages 310-326.
    2. Hirunyawipada, Tanawat & Paswan, Audhesh K., 2013. "Effects of team cognition and constraint on new product ideation," Journal of Business Research, Elsevier, vol. 66(11), pages 2332-2337.
    3. Ozer, Muammer, 2009. "The roles of product lead-users and product experts in new product evaluation," Research Policy, Elsevier, vol. 38(8), pages 1340-1349, October.

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