A Research Agenda on Open Innovation and Entrepreneurship: A Co-Word Analysis

This paper aims to contribute to a better understanding of the literature on open innovation and entrepreneurship. Several studies have applied bibliometric methods to innovation and entrepreneurship separately. However, no study has considered these fields in combination while using a bibliometric approach. The main aim of this paper is to understand the relationship between open innovation and entrepreneurship. We develop a descriptive analysis, focusing on temporal evolution, journals, authors, universities, countries, and keywords, and a co-word analysis. Our research identifies the main topics investigated in the open innovation and entrepreneurship literature and describes their relationships. Based on our results, the topics are grouped in three clusters. We present observations on how this literature is influenced by the resources and how this literature affects the management of innovation and knowledge. Future research could focus on questions such as the advantages of open innovation in the creation of new companies, whether open innovation processes facilitate access to funding sources by entrepreneurs or the analysis of business models based on open innovation for the creation of new companies.