Review of Managerial Science
- Fecha: 01 enero 2020
- ISSN: 18636691 18636683
- Tipo de fuente: Revista
- DOI: 10.1007/s11846-020-00419-8
- Tipo de documento: Artículo
- Editorial: Springer Science and Business Media Deutschland GmbH
© 2020, Springer-Verlag GmbH Germany, part of Springer Nature.The purpose of this research is to study whether open innovation practices in SMEs favour technological innovations and the drivers of these. We propose a model of SME open innovation based on human capital (HC) approach and the commitment to learning with an emphasis on the risk taking and the formalization of an innovation strategy. The results, on a sample of 267 SMEs, show that a manager¿s attitude to risk-taking and the formalization of an innovation strategy are the most important variables which promote SME open innovation. Innovation strategy formalization leverages the impact of HC and commitment to learning on open innovation, identifying an important mediating effect. Finally, open innovation activities promote product and process innovation, although this effect is greater for outbound activities. These findings have important implications for both managers and policy-makers.