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Estudios Gerenciales
Print version ISSN 0123-5923
Abstract
GARCIA-VIDALES, Marisela-Yazmín; MALDONADO-GUZMAN, Gonzalo and PINZON-CASTRO, Sandra-Yesenia. The influence of open innovation practices on business performance in Mexican family and non-family SMEs. estud.gerenc. [online]. 2019, vol.35, n.153, pp.370-378. ISSN 0123-5923. https://doi.org/10.18046/j.estger.2019.153.3202.
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.
JEL classification: O31, O32.
Keywords : open innovation; inbound; outbound; business performance; family firms; non-family firms.