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Article

Firm Constraints on the Link between Proactive Innovation, Open Innovation and Firm Performance

1
Center for Economic and Financial Research, University of Economics and Law, VNU-HCM, Ho Chi Minh City 700000, Vietnam
2
Faculty of Accounting and Auditing, University of Economics and Law, VNU-HCM, Ho Chi Minh City 700000, Vietnam
3
Faculty of Finance and Accounting, Nguyen Tat Thanh University, Ho Chi Minh City 700000, Vietnam
*
Authors to whom correspondence should be addressed.
J. Open Innov. Technol. Mark. Complex. 2019, 5(4), 88; https://doi.org/10.3390/joitmc5040088
Received: 1 August 2019 / Revised: 18 October 2019 / Accepted: 21 October 2019 / Published: 23 October 2019
(This article belongs to the Special Issue Open Innovation in Micro, Small and Medium-Sized Enterprises)
This study aims to examine the impacts of firm constraints and proactive innovation on firm performance, using a sample of 3504 small and medium enterprises (SMEs) in Vietnam from 2011–2015. Our findings suggest that technological innovations in general are beneficial to firm performance, increasing firm sales and profits. Further filtering innovations into two categories of proactive and reactive ones, we find that reactive innovation negatively affects firm performance, consistent with the view that proactive entrepreneurial behavior is a highly sought-after characteristic or a valuable resource for a firm as specified in resources-based theory. Finally, our result implies that if firms have low constraint or have sufficient resources, proactive strategies should be the choice if firms seek to improve their performance. View Full-Text
Keywords: technological innovation; proactive innovation; reactive innovation; firm performance; manufacturing industry technological innovation; proactive innovation; reactive innovation; firm performance; manufacturing industry
MDPI and ACS Style

Thanh Liem, N.; Vinh Khuong, N.; Thuy Khanh, T.H. Firm Constraints on the Link between Proactive Innovation, Open Innovation and Firm Performance. J. Open Innov. Technol. Mark. Complex. 2019, 5, 88. https://doi.org/10.3390/joitmc5040088

AMA Style

Thanh Liem N, Vinh Khuong N, Thuy Khanh TH. Firm Constraints on the Link between Proactive Innovation, Open Innovation and Firm Performance. Journal of Open Innovation: Technology, Market, and Complexity. 2019; 5(4):88. https://doi.org/10.3390/joitmc5040088

Chicago/Turabian Style

Thanh Liem, Nguyen; Vinh Khuong, Nguyen; Thuy Khanh, Thai Hong. 2019. "Firm Constraints on the Link between Proactive Innovation, Open Innovation and Firm Performance" J. Open Innov. Technol. Mark. Complex. 5, no. 4: 88. https://doi.org/10.3390/joitmc5040088

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