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Coworking and Sustainable Business Model Innovation in Young Firms

Author

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  • Sarah Cheah

    (Business School, National University of Singapore, Singapore 119245, Singapore)

  • Yuen-Ping Ho

    (Entrepreneurship Centre, National University of Singapore, Singapore 119245, Singapore)

Abstract

In larger cities, we see a rising trend of more people working outside their traditional offices, and engaging in a practice called co-working by sharing office space. The public policy makers of innovation-driven economies, on the other hand, have been availing co-working spaces and related support to promote innovation and entrepreneurship. Despite the growing significance of this area, there has been limited research on the link between coworking and innovation among young firms. This research examines the relationship between coworking space and innovation, particularly business model innovation (BMI) for sustainable performance. Based on an empirical study of 258 young tenant firms operating in 13 coworking spaces in Singapore, we establish that the space creativity of coworking spaces is positively related to the BMI outcome of tenant firms. Tenant firms’ opportunity recognition and exploitation (ORE) process positively mediates the relationship between the space creativity of coworking spaces and the BMI outcome of tenant firms. While the social climate of the coworking space is found to have no direct effect on the BMI outcome of tenant firms, tenant firms’ ORE process positively mediates the relationship between the social climate of coworking spaces and the sustainable BMI outcome of tenant firms.

Suggested Citation

  • Sarah Cheah & Yuen-Ping Ho, 2019. "Coworking and Sustainable Business Model Innovation in Young Firms," Sustainability, MDPI, vol. 11(10), pages 1-18, May.
    • Handle: RePEc:gam:jsusta:v:11:y:2019:i:10:p:2959-:d:233994
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    Cited by:

    1. Sarah Cheah & Cristiano Bellavitis & Alessandro Muscio, 2021. "The impact of technology complexity on the financial performance of R&D projects: evidence from Singapore," The Journal of Technology Transfer, Springer, vol. 46(2), pages 431-458, April.
    2. Mercedes Rubio-Andrés & Mª Ramos-González & Miguel Ángel Sastre-Castillo, 2022. "Driving innovation management to create shared value and sustainable growth," Review of Managerial Science, Springer, vol. 16(7), pages 2181-2211, October.
    3. Cristopher Siegfried Kopplin, 2021. "Two heads are better than one: matchmaking tools in coworking spaces," Review of Managerial Science, Springer, vol. 15(4), pages 1045-1069, May.
    4. Michael Yao-Ping Peng & Ku-Ho Lin & Dennis Liute Peng & Peihua Chen, 2019. "Linking Organizational Ambidexterity and Performance: The Drivers of Sustainability in High-Tech Firms," Sustainability, MDPI, vol. 11(14), pages 1-17, July.
    5. Changhyeon Song & Kwangsoo Shin, 2019. "Business Model Design for Latecomers in Biopharmaceutical Industry: The Case of Korean Firms," Sustainability, MDPI, vol. 11(18), pages 1-15, September.
    6. Jasmina Berbegal-Mirabent, 2021. "What Do We Know about Co-Working Spaces? Trends and Challenges Ahead," Sustainability, MDPI, vol. 13(3), pages 1-30, January.
    7. Rianne Appel-Meulenbroek & Minou Weijs-Perrée & Marko Orel & Felix Gauger & Andreas Pfnür, 2021. "User preferences for coworking spaces; a comparison between the Netherlands, Germany and the Czech Republic," Review of Managerial Science, Springer, vol. 15(7), pages 2025-2048, October.
    8. CHEAH, Sarah Lai-Yin & HO, Yuen-Ping & LI, Shiyu, 2020. "How the effect of opportunity discovery on innovation outcome differs between DIY laboratories and public research institutes: The role of industry turbulence and knowledge generation in the case of S," Technological Forecasting and Social Change, Elsevier, vol. 160(C).
    9. Kolja Oswald & Xiaokang Zhao, 2020. "What Is a Sustainable Coworking Space?," Sustainability, MDPI, vol. 12(24), pages 1-21, December.
    10. Albert Rof & Andrea Bikfalvi & Pilar Marquès, 2020. "Digital Transformation for Business Model Innovation in Higher Education: Overcoming the Tensions," Sustainability, MDPI, vol. 12(12), pages 1-15, June.
    11. Sarah Cheah & Shiyu li & Yuen-Ping Ho, 2019. "Mutual Support, Role Breadth Self-Efficacy, and Sustainable Job Performance of Workers in Young Firms," Sustainability, MDPI, vol. 11(12), pages 1-17, June.
    12. Fedoua Kasmi & Ferney Osorio & Laurent Dupont & Brunelle Marche & Mauricio Camargo, 2022. "Innovation Spaces as Drivers of Eco-innovations Supporting the Circular Economy: A Systematic Literature Review," Post-Print hal-03590438, HAL.

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