Exploring the impact of open innovation on companies’ financial performances: a focus on the Italian market

Abstract

This thesis analyses the impact of Open Innovation on the financial performances of Italian listed companies, focusing on how Open Innovation Practices influence a series of key financial metrics. In the complex dynamics of modern business, where innovation’s pace accelerates continuously, properly understanding the financial implications of Open Innovation results to be fundamental for businesses, especially in a market like the Italian one. The research has been developed through a quantitative analysis, which highlights the relationship between Open Innovation, measured through a specific Open Innovation Index, and financial performances, by looking specifically at metrics like the Return on Asset. The study draws data from Italian listed companies, providing a unique insight into the effectiveness of Open Innovation in a specific geographical context, underlining both the positive and negative aspects of implementing Open Innovation Practices. The findings help in the theoretical understanding of Open Innovation, also providing suggestions that highlight the significant potential benefits for companies’ performances.