SciELO - Scientific Electronic Library Online

 
vol.21 número1A regression and comparative study of United States and South African yield curves using principal component analysisDensity forecasting for long-term electricity demand in South Africa using quantile regression índice de autoresíndice de assuntospesquisa de artigos
Home Pagelista alfabética de periódicos  

Serviços Personalizados

Artigo

Indicadores

Links relacionados

  • Em processo de indexaçãoCitado por Google
  • Em processo de indexaçãoSimilares em Google

Compartilhar


South African Journal of Economic and Management Sciences

versão On-line ISSN 2222-3436
versão impressa ISSN 1015-8812

Resumo

AKINWALE, Yusuf O.. Empirical analysis of inbound open innovation and small and medium-sized enterprises' performance: Evidence from oil and gas industry. S. Afr. j. econ. manag. sci. [online]. 2018, vol.21, n.1, pp.1-9. ISSN 2222-3436.  http://dx.doi.org/10.4102/sajems.v21i1.1608.

BACKGROUND: This article contributes to existing literature by examining the relationship between inbound open innovation and firms' financial performance in the Nigerian oil and gas industry AIM: This article seeks to identify the factors of inbound open innovation and whether these factors influence the financial performance of small and medium-sized enterprises (SMEs) in the Nigerian oil and gas industry. SETTING: This article examines 150 indigenous oil and gas SMEs in the upstream subsector of the Nigerian petroleum sector through a survey, using a questionnaire, conducted in 2015 METHODS: The study applied the structural equation modelling (SEM) method. This method is used to test the relationships between the factors and to calculate the measurement errors in the hypotheses formulated. RESULTS: The results show that technology scouting, vertical technology collaboration (VTC) and horizontal technology collaboration (HTC) positively and significantly contribute to inbound open innovation, which are thus significant in influencing the financial performance of SMEs. The size of technical staff and research and development (R) fund allocations also have a positive and significant correlation with the SMEs' financial performance. Meanwhile, the age of SMEs is negative and not significant in influencing financial performance. CONCLUSION: The results suggest that inbound open innovation through scouting, HTC and VTC should therefore be encouraged among SMEs to boost their internal capabilities, which have hitherto enhanced their financial performance. The management members of each SME should continually consider collaboration with the external actors because they cannot singularly possess all the innovative skills required in the industry. Also, each firm should commit itself to allocate more funds to R and at the same time should hire those who have relevant production skills and train the existing ones in their firms.

        · texto em Inglês     · Inglês ( pdf )

 

Creative Commons License Todo o conteúdo deste periódico, exceto onde está identificado, está licenciado sob uma Licença Creative Commons