Governance of new product design: the influence of national institutions

Isabel Maria Bodas Freitas; Ricardo Gonçalves; Rui Sousa

doi:10.1016/j.jbusres.2023.114043

Governance of new product design: the influence of national institutions

Isabel Maria Bodas Freitas, Ricardo Gonçalves^*, Rui Sousa

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

Abstract

This paper builds on institutional economics theory to analyze whether and how the institutional environment shapes the micro-level governance decisions related to innovation activities. Specifically, we suggest that the extent of co-creation with value-chain partners in new product design – a relational form of governance – is influenced by the institutional setting of the focal firm. Empirically, we rely on data on 636 manufacturers in 21 countries. Results from a hierarchical probit regression show that co-creation is more likely for firms that operate in countries with weak rule-of-law and/or atrophic technological infrastructures. We discuss the implications for theory and practice.

Original language	English
Article number	114043
Number of pages	16
Journal	Journal of Business Research
Volume	165
DOIs	https://doi.org/10.1016/j.jbusres.2023.114043
Publication status	Published - Oct 2023

Keywords

Co-creation
Collaboration
Institutional environment
Value-chain partners

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.jbusres.2023.114043

http://hdl.handle.net/10400.14/41485Licence: CC BY-NC-ND

Cite this

@article{e860c137ea12403bb38901144be1e966,

title = "Governance of new product design: the influence of national institutions",

abstract = "This paper builds on institutional economics theory to analyze whether and how the institutional environment shapes the micro-level governance decisions related to innovation activities. Specifically, we suggest that the extent of co-creation with value-chain partners in new product design – a relational form of governance – is influenced by the institutional setting of the focal firm. Empirically, we rely on data on 636 manufacturers in 21 countries. Results from a hierarchical probit regression show that co-creation is more likely for firms that operate in countries with weak rule-of-law and/or atrophic technological infrastructures. We discuss the implications for theory and practice.",

keywords = "Co-creation, Collaboration, Institutional environment, Value-chain partners",

author = "Freitas, {Isabel Maria Bodas} and Ricardo Gon{\c c}alves and Rui Sousa",

note = "Funding Information: Financial support from Funda{\c c}{\~a}o para a Ci{\^e}ncia e Tecnologia (through project PEst-OE/EGE/UI0731/2013) is gratefully acknowledged. We would like to thank Katherine Castellano, Celine Abecassis-Moedas, Steve Conway, Leonardo Corbo, Eylem Gevrek, Viacheslav Iurkov, Tarek Mostafa, Ricardo Ribeiro, Andr{\'e} Trindade and Bo{\v z}idar Vla{\v c}i{\'c} for their helpful comments and suggestions. We also thank seminar participants at Cat{\'o}lica Porto Business School (January 2018) and Universidad Aut{\'o}noma de Madrid (June 2019), as well as participants in the 25th Innovation and Product Development Management Conference (IPDMC) (Porto, June 2018), and in the European Academy of Management (EURAM) 2018 Conference (Reykjavik, June 2018) for their feedback on earlier versions of the paper. Moreover, we thank the generous comments of Snehal Awate during the AIB PDW (June 2021). Funding Information: ☆ Financial support from Funda{\c c}{\~a}o para a Ci{\^e}ncia e Tecnologia (through project PEst-OE/EGE/UI0731/2013) is gratefully acknowledged. We would like to thank Katherine Castellano, Celine Abecassis-Moedas, Steve Conway, Leonardo Corbo, Eylem Gevrek, Viacheslav Iurkov, Tarek Mostafa, Ricardo Ribeiro, Andr{\'e} Trindade and Bo{\v z}idar Vla{\v c}i{\'c} for their helpful comments and suggestions. We also thank seminar participants at Cat{\'o}lica Porto Business School (January 2018) and Universidad Aut{\'o}noma de Madrid (June 2019), as well as participants in the 25th Innovation and Product Development Management Conference (IPDMC) (Porto, June 2018), and in the European Academy of Management (EURAM) 2018 Conference (Reykjavik, June 2018) for their feedback on earlier versions of the paper. Moreover, we thank the generous comments of Snehal Awate during the AIB PDW (June 2021). Publisher Copyright: {\textcopyright} 2023 Elsevier Inc.",

year = "2023",

month = oct,

doi = "10.1016/j.jbusres.2023.114043",

language = "English",

volume = "165",

journal = "Journal of Business Research",

issn = "0148-2963",

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T2 - the influence of national institutions

AU - Freitas, Isabel Maria Bodas

AU - Gonçalves, Ricardo

AU - Sousa, Rui

N1 - Funding Information: Financial support from Fundação para a Ciência e Tecnologia (through project PEst-OE/EGE/UI0731/2013) is gratefully acknowledged. We would like to thank Katherine Castellano, Celine Abecassis-Moedas, Steve Conway, Leonardo Corbo, Eylem Gevrek, Viacheslav Iurkov, Tarek Mostafa, Ricardo Ribeiro, André Trindade and Božidar Vlačić for their helpful comments and suggestions. We also thank seminar participants at Católica Porto Business School (January 2018) and Universidad Autónoma de Madrid (June 2019), as well as participants in the 25th Innovation and Product Development Management Conference (IPDMC) (Porto, June 2018), and in the European Academy of Management (EURAM) 2018 Conference (Reykjavik, June 2018) for their feedback on earlier versions of the paper. Moreover, we thank the generous comments of Snehal Awate during the AIB PDW (June 2021). Funding Information: ☆ Financial support from Fundação para a Ciência e Tecnologia (through project PEst-OE/EGE/UI0731/2013) is gratefully acknowledged. We would like to thank Katherine Castellano, Celine Abecassis-Moedas, Steve Conway, Leonardo Corbo, Eylem Gevrek, Viacheslav Iurkov, Tarek Mostafa, Ricardo Ribeiro, André Trindade and Božidar Vlačić for their helpful comments and suggestions. We also thank seminar participants at Católica Porto Business School (January 2018) and Universidad Autónoma de Madrid (June 2019), as well as participants in the 25th Innovation and Product Development Management Conference (IPDMC) (Porto, June 2018), and in the European Academy of Management (EURAM) 2018 Conference (Reykjavik, June 2018) for their feedback on earlier versions of the paper. Moreover, we thank the generous comments of Snehal Awate during the AIB PDW (June 2021). Publisher Copyright: © 2023 Elsevier Inc.

PY - 2023/10

Y1 - 2023/10

N2 - This paper builds on institutional economics theory to analyze whether and how the institutional environment shapes the micro-level governance decisions related to innovation activities. Specifically, we suggest that the extent of co-creation with value-chain partners in new product design – a relational form of governance – is influenced by the institutional setting of the focal firm. Empirically, we rely on data on 636 manufacturers in 21 countries. Results from a hierarchical probit regression show that co-creation is more likely for firms that operate in countries with weak rule-of-law and/or atrophic technological infrastructures. We discuss the implications for theory and practice.

AB - This paper builds on institutional economics theory to analyze whether and how the institutional environment shapes the micro-level governance decisions related to innovation activities. Specifically, we suggest that the extent of co-creation with value-chain partners in new product design – a relational form of governance – is influenced by the institutional setting of the focal firm. Empirically, we rely on data on 636 manufacturers in 21 countries. Results from a hierarchical probit regression show that co-creation is more likely for firms that operate in countries with weak rule-of-law and/or atrophic technological infrastructures. We discuss the implications for theory and practice.

KW - Co-creation

KW - Collaboration

KW - Institutional environment

KW - Value-chain partners

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DO - 10.1016/j.jbusres.2023.114043

M3 - Article

AN - SCOPUS:85161353187

SN - 0148-2963

VL - 165

JO - Journal of Business Research

JF - Journal of Business Research

M1 - 114043

ER -

Governance of new product design: the influence of national institutions

Abstract

Keywords

UN SDGs

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CEGE: Research Center in Management and Economics

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Governance of new product design: the influence of national institutions

Abstract

Keywords

UN SDGs

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Embargoed Document

Fingerprint

Projects

CEGE: Research Center in Management and Economics

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