Joint value creation and individual value capture in automotive innovation ecosystems

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Innovation ecosystems allow companies to develop new technologies without large investments. Therefore, these structural alignments of a multilateral set of partners are gaining importance, especially among capital-intensive automotive companies. However, the risk of losing competence is high. This is why innovation ecosystems are still rare, especially in the automotive industry, although much research has been done on how the partners can jointly create value and individually capture parts of it. Therefore, we investigate which of the factors influencing joint value creation and individual value capture in innovation ecosystems managers of automotive companies see and what influence the two have on success. With exploratory structural equation modelling on the basis of a survey of 286 automotive companies, we show that governance mechanisms are most important to automotive managers, while value drivers have not yet been used in innovation ecosystems. © 2025 Elsevier B.V., All rights reserved.