Ebersberger B, Kuckertz A. Hop to it! The impact of organization type on innovation response time to the COVID-19 crisis.
JOURNAL OF BUSINESS RESEARCH 2021;
124:126-135. [PMID:
36540106 PMCID:
PMC9754948 DOI:
10.1016/j.jbusres.2020.11.051]
[Citation(s) in RCA: 17] [Impact Index Per Article: 4.3] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Subscribe] [Scholar Register] [Received: 07/23/2020] [Revised: 11/23/2020] [Accepted: 11/25/2020] [Indexed: 05/07/2023]
Abstract
The COVID-19 pandemic has led to a changing environment posing many challenges that call for innovative solutions, leading to a changing innovation landscape. We explore particular organizational actors' innovation response time by analyzing data from a commercial innovation database. Arguing that innovation response time mostly depends on how organizations perceive time, we expect innovative start-ups to be the quickest and universities to be the slowest in responding to the crisis. Controlling for a set of external drivers of structural change, we find support for our hypothesis about start-ups. Contrary to our expectations, universities do not significantly differ in their innovation response time compared with incumbents. To underpin the robustness of our findings, we provide a specification curve analysis. Our results indicate the significance of start-up-corporate collaboration and open innovation, especially in the aftermath of the crisis.
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