Open models for innovation: an accounting-based perspective
by Francesca Michelino; Emilia Lamberti; Antonello Cammarano; Mauro Caputo
International Journal of Technology Management (IJTM), Vol. 68, No. 1/2, 2015

Abstract: The paper suggests an accounting-based framework for defining open innovation adoption modalities through the analysis of annual reports. Five models are described, depending on the costs, revenues, new investments and divestments in intangibles and knowledge assets related to open innovation. The framework is applied to a sample of 271 world top research and development (R&D) spending companies in the bio-pharmaceutical and the technology hardware and equipment industries. Annual reports data are examined for the period 2010-2012, with 813 statistical units analysed after a cross-section perspective. Results show that bio-pharmaceutical companies are twice open than technology hardware and equipment firms; the former mainly adopt a collaborative model for open innovation, by jointly developing research programmes with external parties, the latter prefer to incorporate other companies through the use of spin-ins. The paper contributes to the existing research by suggesting a pecuniary approach to evaluate open innovation adoption modalities. The framework can be used by companies for both monitoring their own open innovation positioning and benchmarking it with those of competitors.

Online publication date:: Wed, 29-Apr-2015

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Technology Management (IJTM):
Login with your Inderscience username and password:

    Username:        Password:         

Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email