Network Effects on Radical Innovation and Financial Performance

What is it about?

This study examines how companies can achieve high performance through certain organizational behaviors (open-mindedness and social networks) and innovation.

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Why is it important?

The study brings a proper understanding that radical innovations play a crucial role for organizational performance in emerging economies. Results also show that open-mindedness is associated with both internal networks and external social networks. In addition, the external social network mediates the effects of open-mindedness on the internal social network. Finally, external social networks have an indirect influence on radical innovations, through internal social networks, and a direct effect on organizational performance.