Open innovation has attracted extensive interest (and has raised numerous debates) in the recent literature on economics and management of innovation. If rich and stimulating, open innovation remains however a loose concept, which calls for further exploration of its shapes and stakes. This...

Summary Building on concepts from a resource-based view of a firm and real option theory we propose a model that describes the links between a firm options development and the expected profitability. Empirical results of structural equation models on the video-game industry indicate that (i) the...