Small and medium-sized enterprises (SMEs) are indeed the engines of global economic growth. Their continued growth is a major subject for the economy and employment of any country. Towards that end, virtual research and development (R&D) could be a viable option to sustain and ease the...

R&D collaboration facilitates pooling of complementary skills, learning from the partner as well as sharing risks and costs. Research therefore repeatedly stressed the positive relationship between collaborative R&D and innovation performance. Collaboration, however, involves transaction costs...

In this note the author proposes an approach to examine how innovations might arise from a knowledge commons with agents that interact on the basis of their subjective assessment of the relationships between ideas. Two types of knowledge commons emerge from this dynamic - a pure knowledge...

The market launch of product innovations is the most visible output of a firm's investment in innovation activities. To achieve this objective most efficiently, firms strengthen their technological capabilities, acquire external knowledge in a number of different ways, and optimize their...

With the rise of the knowledge economy, delivering sound innovation policies requires a thorough understanding of how knowledge is produced and diffused. This paper takes a step to analyze a new form of globalization, the so-called system of Global Innovation Networks (GINs), to shed light on...

This article compares the relationship between patent quality and patent value in discrete and cumulative innovation. Using factor analysis and a set of various commonly used patent quality indicators including claims, citations and family size, we build a quality factor jointly driving all...

Few studies on open innovation (OI) have addressed OI practices in small and medium sized enterprises (SMEs) and how their use of OI and resulting benefits differ from large enterprises. The lack of resources in SMEs to engage in looking outward is said to be a barrier to OI, but at the same...

In this article, we provide first insights on how open innovation is connected to the imitation of intellectual property (IP). Analyzing survey data concerning the open innovation orientation along the innovation value chain of 3956 German firms, we show that companies engaged in open innovation...

We study the value of innovation in a case study of one of the most visible innovative products in recent years, Apple's iPhone. The value effects of news announcements, patent publications, and trademarks relating to iPhone are taken into account. Our estimate of the lower bound on the value of...

Open innovation is often facilitated by strong intellectual property rights (IPRs), but it may also function, and even be boosted, when firms deliberately waive some of their IPRs. Extant literature has pointed out the potential benefits of such behavior, but falls short of explaining what...