Abstract
PurposeStudies concentrating on digitalization and interconnected capabilities have increased over the past several decades. Digitalization capability and open innovation are perceived as sources of sustained competitiveness across disciplines. This study investigated how digitalization capability and coopetition strategy affect the sustainable performance of firms by exploring the role of internal and external factors in influencing the adoption and success of open innovation in emerging markets.Design/methodology/approachTo test the hypothesis, the authors conducted a structural equation model analysis on 509 firm datasets from the hub cities in China, an innovative battlefield where multilateral cooperation and competition are interwoven for globalization, clean development and the enhancement of economic growth.FindingsThe authors found that a firm's digitalization capability positively impacts outbound/inbound open innovation, coopetition strategy and sustainable performance. This study’s results support a series of mediating effects through outbound/inbound open innovation and coopetition strategy. Also, it provides a nuanced understanding of how digitalization capability and open innovation can affect sustainable performance in emerging markets.Originality/valueThe present study provides a nuanced understanding of how digitalization capability and in/out-bound open innovation can affect sustainable performance in emerging markets. The authors believe this model contributes to current knowledge by filling several research gaps, and this study’s findings offer valuable and practical implications for achieving open innovation and creating sustainable performance.
Subject
Management Science and Operations Research,General Business, Management and Accounting
Reference183 articles.
1. The impact of digitalization and servitization on the financial performance of a firm: an empirical analysis;Production Planning and Control,2021
2. How much do your co‐opetitors' capabilities matter in the face of technological change?;Strategic Management Journal,2000
3. Open innovation in SMEs: a process view towards business model innovation;Journal of Small Business Management,2021
4. Corporate transformation toward Industry 4.0 and financial performance: the influence of environmental, social, and governance (ESG);Technological Forecasting and Social Change,2022
5. Born to be sustainable: how to combine strategic disruption, open innovation, and process digitization to create a sustainable business;Journal of Business Research,2023
Cited by
14 articles.
订阅此论文施引文献
订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献