Stakeholder diversity and collaborative innovation: Integrating the resource-based view with stakeholder theory

This paper uses Stakeholder Theory to build on the Resource-Based View (RBV) of the firm - and its extension, the Knowledge-Based View (KBV) - and theoretically and empirically assesses how a choice of stakeholders with a diverse set of interests and motives affects the development of collaborative innovation. Theoretically, the paper discusses how collaborating with stakeholders with diverse motives and interests affects the development of diverse types of innovations; and whether and how a focal organisation's access to diverse information sources may influence the behaviour of different types of collaborators. The empirical analysis is based on Spanish Technological Innovation Panel (2015-2016) data. The results show that collaborations with secondary (pri-mary) stakeholders are typically associated with the likelihood of developing eco-innovations (product and process innovations) and increased demand for skilled workers. We also find that access to diverse information sources is associated with the likelihood of collaborating with primary stakeholders only.

Automated summary

This paper applies Stakeholder Theory to extend the Resource-Based View (RBV) and Knowledge-Based View (KBV) to investigate how choosing stakeholders with diverse motives and interests can impact collaborative innovation. The study explores the effects of collaborating with stakeholders with diverse motives and interests on the development of various types of innovations and investigates how access to diverse information sources influences the behavior of different collaborators. Empirical analysis based on Spanish Technological Innovation Panel (2015-2016) data demonstrates that collaborations with secondary (primary) stakeholders are associated with the likelihood of developing eco-innovations (product and process innovations) and increased demand for skilled workers. The study also finds that access to diverse information sources is associated with collaborating with primary stakeholders only.