Can innovation network projects result in efficient performance?

This paper examines the effects that process, structure and governance dimensions of networks have on innovation performance. The main focus of the paper is the multidimensional aspect of innovation networks and how these dimensions affect network performance. Technology management, resource-based, transaction costs and social capital perspectives are applied in the construction of the model variables of each subsystem or dimension analyzed. With results drawn from a sample of 350 project managers identified in the European Union CORDIS database who are actively involved in European innovation networks, we argue that the performance of innovation networks is increased through the suitable design of process, structure and governance subsystems. Empirical findings also show that interactions between these subsystems have a complementary or synergic effect resulting in improved innovation performance.