Not via a hyperlink. But maybe you could use a macro that accomplishes this.
Look at filecopy in VBA's help and workbooks.open.
For example, I could put a shape on the the worksheet, rightclick and assign it
this macro:
Option Explicit
Sub testme()
Dim myFromFolder As String
Dim myToFolder As String
Dim myFileName As String
myFromFolder = "C:\my documents\excel\"
myToFolder = "C:\my documents\excel\test\"
myFileName = "book1.xls"
FileCopy Source:=myFromFolder & myFileName, _
Destination:=myToFolder & myFileName
Workbooks.Open myToFolder & myFileName
End Sub