nep-sbm New Economics Papers
on Small Business Management
Issue of 2024‒02‒05
twenty-one papers chosen by



  1. Business and Regional Innovation Culture: An Overview of the Conceptualization of Innovation Culture By Katimertzopoulos, Fotios; Vlados, Charis; Koutroukis, Theodore
  2. Gendered Access to Finance: The Role of Team Formation, Idea Quality, and Implementation Constraints in Business Evaluations By Vojtech Bartos; Silvia Castro; Kristina Czura; Timm Opitz
  3. Factors of development of regional innovation systems in Russia: comparative analysis By Razbegina Anastasiya; Mirzoyan Ashot
  4. Robot Adoption and Product Innovation By Davide Antonioli; Alberto Marzucchi; Francesco Rentocchini; Simone Vannuccini
  5. Moonshots and the New Industrial Policy: Questioning the Mission Economy By Henrekson, Magnus; Sandström, Christian; Stenkula, Mikael
  6. Imperfect Take-up of COVID-19 Business Support Programs By HONDA Tomohito; HOSONO Kaoru; MIYAKAWA Daisuke; ONO Arito; UESUGI Iichiro
  7. Disruptive Innovation (DI) and Chief Executive Officer(CEO): A synthetic literature review By Chen, Fu Chen; Indiran, Logaiswari Indiran; Abdul Kohar, Umar Haiyat Abdul Kohar
  8. Does the Ind AS moderate the relationship between capital structure and firm performance? By M N, Nikhil; S Shenoy, Sandeep; Chakraborty, Suman; B M, Lithin
  9. Intellectual Property Rights and the Efficiency of International Production Networks: Evidence from the Automotive Industry By Giuseppe Cavaliere; Graziano Moramarco; Alireza Naghavi
  10. Female Entrepreneur on Board:Assessing the Effect of Gender on Corporate Financial Constraints By Ruiying Xiao
  11. Digital technology adoption and SMEs’ Financial Performance: Evidence from Thailand By Juthathip Jongwanich; Archanun Kohpaiboon
  12. Income Taxation and Hours Worked in Different Types of Entrepreneurship By Can, Ege; Fossen, Frank M.
  13. Innovation policy as an instrument for driving transformation – lessons from practice By Avdeitchikova, Sofia; Schwaag Serger, Sylvia
  14. How Does Psychological Empowerment Affect Entrepreneurial Orientation at Women-Owned SMEs in Indonesia? By Anissa Lestari Kadiyono
  15. Trinity for Innovation: the Case of Tokyo Rope in the Meiji Era By Yokoyama, Kazuki
  16. ICT Usage Intensity in the Hungarian Corporate Sector: Stylised Facts on Microdata By Tamas Berki
  17. Environmental Policies and Directed Technological Change By Klaus Gugler; Florian Szücs; Thomas Wiedenhofer
  18. Dynamic carbon emission management By Bustamante, Maria Cecilia; Zucchi, Francesca
  19. The appropriation of new technologies by middle managers: the case of ERP in Moroccan SMEs By Omar Bousstta
  20. EU Money and Mayors: Does Cohesion Policy affect local electoral outcomes? By Marco Di Cataldo; Elena Renzullo
  21. Sustainable entrepreneurship under market uncertainty By Brandon H. Lee; Panayiotis Panikos Georgallis; Jeroen Struben

  1. By: Katimertzopoulos, Fotios (Democritus University of Thrace, Department of Economics); Vlados, Charis (Democritus University of Thrace, Department of Economics); Koutroukis, Theodore (Democritus University of Thrace, Department of Economics)
    Abstract: The primary aim of this paper is to identify key similarities and differences in the conceptualization of culture across the major theories of regional socioeconomic science, including economic, business, administrative, social, cultural and political dimensions acting at the regional and local scales. The second goal is to present an overview of the knowledge base and third to cohesively examine and partially recreate the topic using the semi-systematic review method. The final objective of examining the aforementioned issues is to clarify the dynamic correlation in the structuring of business and innovation culture, as well as to identify the characteristics that contribute to the sustainable culture of business and regional innovation systems, including long-term sustainable development. The research shows that the coexistence and combination of innovative culture at the business and regional levels should be perceived as a dynamic and co-evolutionary process involving a variety of factors. Local organizations and institutes that foster entrepreneurship are among the elements that enhance the innovation culture; however, having all of the resources in isolation is insufficient for an efficient ecosystem. This study proposes the establishment of a framework that will enhance the growth of innovation, cultural evolution and regional ecosystem performance. The Institutes of Local Development and Innovation (ILDI) are a policy idea that might give effective micro–meso-level solutions for the region. These policy proposals will diagnose the regional business culture under the prism of strategy, technology, and management levels. The specific investigation attempted in this paper demonstrates that several converging fruitful paths have already been created in the relative international literature. These paths could be combined and deepened further by studying the close evolutionary interconnection between business and regional innovation culture as it emerges at a global scale in the present.
    Keywords: business culture; regional culture; innovation culture; regional development; regional innovation system; Stra.Tech.Man Innovation approach; Institutes of Local Development and Innovation (ILDI)
    JEL: M14 O18 P48
    Date: 2023–12–27
    URL: http://d.repec.org/n?u=RePEc:ris:duthrp:2023_004&r=sbm
  2. By: Vojtech Bartos (University of Milan); Silvia Castro (LMU Munich); Kristina Czura (University of Groningen); Timm Opitz (Max Planck Institute for Innovation and Competition)
    Abstract: We analyze gender discrimination in entrepreneurship finance. Access to finance is crucial for entrepreneurial success, yet constraints for women are particularly pronounced. We structurally unpack whether loan officers evaluate business ideas and implementation constraints differently for male and female entrepreneurs, both as individual entrepreneurs or in entrepreneurial teams. In a lab-in-the-field experiment with Ugandan loan officers, we document gender discrimination of individual female entrepreneurs, but no gender bias in the evaluation of entrepreneurial teams. Our results suggest that the observed bias is not driven by animus against female entrepreneurs but rather by differential beliefs about women’s entrepreneurial ability or implementation constraints in running a business. Policies aimed at team creation for start-up enterprises may have an additional benefit of equalizing access to finance and ultimately stimulating growth.
    Keywords: access to finance; gender bias; entrepreneurship; lab-in-the-field;
    JEL: C93 G21 J16 L25 L26 O16
    Date: 2023–12–06
    URL: http://d.repec.org/n?u=RePEc:rco:dpaper:473&r=sbm
  3. By: Razbegina Anastasiya (Department of Economics, Lomonosov Moscow State University); Mirzoyan Ashot (Department of Economics, Lomonosov Moscow State University)
    Abstract: In the context of universal digitalization and increasing competition between countries and regions in the struggle for resources and markets, innovation is becoming a critical factor in development. Regional innovation systems (RIS) play a key role in the creation and use of innovations, as they represent a complex network of participants in the innovation process, including educational organizations and research institutes, entrepreneurship, the state and other institutions. The purpose of the study is to evaluate the effectiveness of RICE and determine the factors influencing them. The study of the factors of RICE development is an urgent and important task, since it allows us to identify the main mechanisms that influence the success or failure of regions in the field of innovative development. In Russia, there is a significant regional inequality in terms of the level of innovation activity, which necessitates the analysis of the peculiarities of RICE development in different regions. Also, the development of effective strategies and policies for innovative development at the regional level requires a comprehensive study of regional specifics, strengths and weaknesses of RICE. To assess the effectiveness of RIS, a DEA model is used, as well as cluster analysis using k-means and k-medians (k-medoids), regression analysis (tobit). As a result, a rating of innovative development of Russian regions was compiled, and effective regions were identified (Moscow, Tatarstan, Moscow Region, Samara Region, Ivanovo Region, Mari El) and abnormal regions for which a special approach and a special innovation policy are needed to achieve the necessary level of innovative development.
    Keywords: innovations, regional innovation systems, regional development
    JEL: C67 O30
    Date: 2023–12
    URL: http://d.repec.org/n?u=RePEc:upa:wpaper:0062&r=sbm
  4. By: Davide Antonioli (University of Ferrara); Alberto Marzucchi (Gran Sasso Science Institute); Francesco Rentocchini (European Commission, Joint Research Centre (JRC), Seville; Department of Economics Management and Quantitative Methods (DEMM), University of Milan); Simone Vannuccini (Université Côte d'Azur, CNRS, GREDEG, France)
    Abstract: We investigate the unexplored relationship between robot technology adoption and product innovation. We exploit Spanish firm-level data on robot adoption and use a staggered timing difference-in-differences, supported by an instrumental variable approach. Instead of an enabling effect, we find a negative association between robot adoption and the probability to introduce product innovations, as well as their number. The result is particularly significant for larger, established, and non-high-tech firms. In line with industry evolution models, we rationalise and interpret the findings suggesting that a key mechanism at work in the robotisation-innovation nexus are diseconomies of scope fuelled by capacity-increasing investments. We also discuss whether industrial robots in our data feature enabling capabilities at all. Our results have important implications for understanding the role of robots in firms’ operations and strategies, as well as for policy design.
    Keywords: robots, automation, product innovation, diseconomies of scope, Spain
    Date: 2024–01
    URL: http://d.repec.org/n?u=RePEc:gre:wpaper:2024-01&r=sbm
  5. By: Henrekson, Magnus (Research Institute of Industrial Economics (IFN)); Sandström, Christian (Jönköping International Business School); Stenkula, Mikael (Research Institute of Industrial Economics (IFN))
    Abstract: The notion that society should be organized around large so-called missions has gained momentum in public debate, and the reemergence of active industrial policy across the world has been inspired by academic scholars promoting the idea of Mission-Oriented Innovation Policies (MOIPs). The volume Moonshots and the New Industrial Policy: Questioning the Mission Economy provides a comprehensive assessment and normative critique of the efficacy of such policies. Besides the introductory chapter, it consists of 16 chapters distributed across three overarching themes: theoretical perspectives, empirical evidence, and alternative paths. This paper provides some additional analysis, pins down the most important general conclusions and suggests future research questions. Today’s economies are highly dependent on a well-functioning process of decentralized experimentation, selection, and screening. Instead of large scale MOIPs, governments should strive to create an institutional framework that levels the playing field for potential entrepreneurs while encouraging productive entrepreneurship.
    Keywords: Mission-oriented policies; Innovation policy; New industrial policy; Moonshots; Rent seeking; Public choice
    JEL: H50 L26 L52 O31 O38 P16
    Date: 2024–01–09
    URL: http://d.repec.org/n?u=RePEc:hhs:iuiwop:1484&r=sbm
  6. By: HONDA Tomohito; HOSONO Kaoru; MIYAKAWA Daisuke; ONO Arito; UESUGI Iichiro
    Abstract: Not all firms and individuals targeted by government support measures take up the support even when eligible, i.e., take-up is imperfect. Using data on the use by small and medium-sized enterprises in Japan of various business support measures during the COVID-19 pandemic, we examine whether such imperfect take-up is observed and if so, why. Given that the eligibility criteria for the measures were based on the decline in monthly sales from the previous year, we use a regression discontinuity design. Our results show that take-up of all the measures we examine was imperfect except for one, business continuity grants (BCGs). Our results further show that the imperfect take-up of measures other than BCGs was mitigated when firms that were eligible for those other measures also became eligible for a BCG. Results from sub-sample analyses indicate that these findings can be explained by the transaction costs involved in applying for and using these measures and not by information frictions or a lack of knowledge about the measures.
    Date: 2024–01
    URL: http://d.repec.org/n?u=RePEc:eti:dpaper:24001&r=sbm
  7. By: Chen, Fu Chen; Indiran, Logaiswari Indiran; Abdul Kohar, Umar Haiyat Abdul Kohar
    Abstract: Objective: This paper reviews the findings of empirical studies linking disruptive innovations directly or indirectly to CEOs for the period 2019-2023. It also explores disruptive innovation and the fuzzy concepts of CEO and CEO power and proposes future research directions. Research Design & Methods: Research methods are based on comprehensive literature reviews. In a three-step process, relevant papers are identified and categorized. These samples are then analyzed and brought into perspective to explain the concept of disruptive innovation and CEO, based on which recommendations for future research are made. Findings: Although many studies imply a correlation between disruptive innovation and CEOs, there are no empirical studies specifically addressing this link. The main reason seems to be a lack of clarity about the concept of "CEO" itself. Contribution & Value Added: This study introduces the concept of disruptive innovation based on the study of existing literature. Furthermore, it is an excellent starting point for scholars interested in clarifying disruptive innovation or preventing the discovery of the nature of the relationship between disruptive innovation and the CEO.
    Keywords: innovation; disruptive innovation; CEO; CEO power; CEO compensation
    JEL: M1 M2
    Date: 2023–09–26
    URL: http://d.repec.org/n?u=RePEc:pra:mprapa:119321&r=sbm
  8. By: M N, Nikhil; S Shenoy, Sandeep; Chakraborty, Suman; B M, Lithin
    Abstract: In line with the wide implementation of IFRS around the globe, the significant shift in the Indian accounting system appertained to the Ind AS is expected to have a substantial impact on the firm-level information environment. Nevertheless, the question of whether the adoption of such standards moderates the relationship between leverage and firm performance remains unanswered. In this backdrop, we aim to close this research gap employing 3120 firm-year observations from 401 Indian non-financial firms for a period from 2013 to 2022. Notably, we found that the leverage among Indian firms discourages profitability. Further, the adoption of Ind AS negatively moderates the leverage and firm performance association. The findings suggest that the enhanced transparency and the firm's reporting quality dissuade risk-averse investors from investing in highly levered companies. As a result, investors avoid risky investments, and firms must strive to foster their trust and motivation. The conclusion of the present research draws significant implications for management and policymakers while also contributing to the ongoing debate on capital structure and firm performance.
    Keywords: emerging country, debt, GMM, IFRS convergence, India, investors, information environment, leverage
    JEL: C33 G32 M48
    Date: 2023–09–02
    URL: http://d.repec.org/n?u=RePEc:pra:mprapa:119541&r=sbm
  9. By: Giuseppe Cavaliere; Graziano Moramarco; Alireza Naghavi
    Abstract: This paper investigates the potential benefits of intellectual property rights (IPR) institutions for international production networks. Using unique data on manufacturer-supplier linkages in the automotive industry, we establish a positive empirical relationship between the productivity and efficiency of manufacturing firms and IPR protection in their suppliers’ locations. Notably, IPRs do not have the same impact on ownership networks, and protection of physical property rights does not generate any improvement in performance. We confirm that the results are not driven by other firm-level characteristics and address potential endogeneity concerns by employing a novel gravity-based IV approach, followed by a GMM analysis.
    Keywords: International production networks, Intellectual property rights, Ownership, Internalization, Automotive industry, Knowledge dissipation, Firm efficiency
    JEL: F21 F23 L14 L25 L62 O34 G32
    Date: 2024–01–16
    URL: http://d.repec.org/n?u=RePEc:csl:devewp:492&r=sbm
  10. By: Ruiying Xiao
    Abstract: This study investigates the impact of female leadership on the financial constraints of firms, which are publicly listed entrepreneurial enterprises in China. Utilizing data from 938 companies on the China Growth Enterprise Market (GEM) over a period of 2013-2022, this paper explores how the female presence in CEO positions, senior management, and board membership influences a firm's ability to manage financial constraints. Our analysis employs the Kaplan-Zingales (KZ) Index to measure these constraints, encompassing some key financial factors such as cash flow, dividends, and leverage. The findings reveal that companies with female CEOs or a higher proportion of women in top management are associated with reduced financial constraints. However, the influence of female board members is less clear-cut. Our study also delves into the variances of these effects between high-tech and low-tech industry sectors, emphasizing how internal gender biases in high-tech industries may impede the alleviation of financing constraints on firms. This research contributes to a nuanced understanding of the role of gender dynamics in corporate financial management, especially in the context of China's evolving economic landscape. It underscores the importance of promoting female leadership not only for gender equity but also for enhancing corporate financial resilience.
    Date: 2024–01
    URL: http://d.repec.org/n?u=RePEc:arx:papers:2401.02134&r=sbm
  11. By: Juthathip Jongwanich; Archanun Kohpaiboon (Faculty of Economics, Thammasat University)
    Abstract: This paper aims to examine the impacts of digital technology (DT) adoption, with an emphasis on the role of ICT, on SMEs’ financial performance using Thailand as a case study during 2018-2021. The importance of DT depth and personnels graduated in a field of ICT was also investigated in this study. Our results show that types of ICT adoption, size of firms and sectors mattered in analyzing impacts of DT on firms’ financial performance. SMEs received significant benefits when ICT adoption was considered in terms of purchasing goods and services via the Internet; sales online (e-Commerce) as well as online payments. Due to the nature of industry, the service sector tended to gain more benefits from operating through online activities than the manufacturing sector. In terms of software usage, it generated benefits mostly for the medium and large firms, but less crucial for the small ones. Interestingly, access to the internet, with other purposes than the e-commerce, showed limited impacts in influencing firms’ financial performance, even in the large firms. Regarding the technology depth, in general, the results revealed that it generates more positive impacts on income than profits, reflecting high costs of obtaining advanced technology or diversifying DT usage. Limited impacts of ICT personnels graduated and its depth on SMEs’ performance generated concerns on shortages of basic and advanced ICT skills and costs of hiring ICT staffs for SMEs.
    Keywords: Digital Technologies, SMEs, and Developing Countries
    JEL: O30 O11 O53
    Date: 2024–01
    URL: http://d.repec.org/n?u=RePEc:tha:wpaper:20240104&r=sbm
  12. By: Can, Ege (University of Nevada, Reno); Fossen, Frank M. (University of Nevada, Reno)
    Abstract: We investigate the effect of personal income tax (PIT) rates on the number of hours entrepreneurs work weekly. Using the rotating panel data from the Annual Social and Economic Supplement of the Current Population Survey from 2003 to 2019, we estimate instrumental variable regressions in first differences to exploit changes in the tax code for identification. We distinguish between self-employed owners of incorporated versus unincorporated businesses and examine their differential responses. The findings reveal that higher individual-specific marginal PIT rates increase the hours worked among entrepreneurs with incorporated businesses, which could be explained by the availability of tax avoidance strategies. Among unincorporated entrepreneurs, we find a significant response to PIT rates in hours worked only for those who work 50 or more hours per week.
    Keywords: income taxes, entrepreneurship, self-employment, labor supply, incorporated, unincorporated
    JEL: H24 H25 J22 J23 L26
    Date: 2023–12
    URL: http://d.repec.org/n?u=RePEc:iza:izadps:dp16683&r=sbm
  13. By: Avdeitchikova, Sofia (Lund University); Schwaag Serger, Sylvia (Lund University)
    Abstract: In recent years, countries, regions, municipalities and the EU Commission have introduced a significant number of innovation policy initiatives under the banner of ‘missions’, ‘societal challenges’, sustainability and ‘transformation’, or systemic change. In parallel, there has been a rapidly growing body of literature seeking to analyze or assess these real-world manifestations of attempts to pivot innovation policy towards environmental and societal challenges. The aim of this chapter is to provide a reflexive overview of state of the art of the knowledge on transformative innovation policy design and implementation. To contribute real-world, real-time learning for planned or ongoing policymaking, we also synthesize lessons and insights from recent policy initiatives in Sweden, Finland and the Netherlands, with the purpose of distilling them into policy-relevant observations. Based on these, we draw conclusions on what recent experiences from trying to design and implement transformative innovation policies in the respective national and institutional contexts tell us about the role of innovation policy, and implicitly, the role of the state, in driving transformation.
    Keywords: innovation policy; transformation; societal challenges; public policy
    JEL: H11 I28 O33 O38
    Date: 2024–01–07
    URL: http://d.repec.org/n?u=RePEc:hhs:lucirc:2024_001&r=sbm
  14. By: Anissa Lestari Kadiyono (Faculty of Psychology-Universitas Padjadjaran, Sumedang - Indonesia 45363 Author-2-Name: Aryo Bima Fathoni Cahyono Author-2-Workplace-Name: Faculty of Psychology-Universitas Padjadjaran, Sumedang - Indonesia 45363 Author-3-Name: Author-3-Workplace-Name: Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:)
    Abstract: " Objective - This research is conducted with a focus on women-owned SMEs in Indonesia, which play a crucial role in driving the nation's economic progress. The study aims to determine whether the psychological empowerment and entrepreneurial orientation of women who own and operate SMEs can be enhanced to encourage further economic development. Methodology/Technique - This study employs quantitative analysis, with primary data collected through a questionnaire survey. The survey garnered responses from 796 participants selected via quota sampling from 3 major densely populated provinces in Indonesia, namely West Java Province, West Sumatra Province, and Yogyakarta D.I. Province. Structural Equation Modeling was used to test the model. Finding - The results of the analysis reveal that women's psychological empowerment has a significant impact on entrepreneurial orientation. Interventions designed to bolster psychological empowerment and entrepreneurial orientation are expected to enhance the productivity of women-led SMEs. The research has yielded an alternative model for improving the performance of female entrepreneurs in the SME sector to boost competitiveness by fostering increased entrepreneurial intentions. Novelty - In the framework of social cognitive theory, Women's Psychological Empowerment represents a psychological asset that enables individuals, particularly female SME operators, to address challenges in their environments proactively. This empowerment is associated with a positive orientation towards entrepreneurial behavior. The study has yielded a model that aims to augment the capabilities of women SME entrepreneurs, thereby preparing them to thrive within the digital economy ecosystem. Type of Paper - Empirical"
    Keywords: Psychological Empowerment; Entrepreneurial Orientation; Women-Owned SMEs; Gender
    JEL: L2 L26
    Date: 2023–12–31
    URL: http://d.repec.org/n?u=RePEc:gtr:gatrjs:gjbssr640&r=sbm
  15. By: Yokoyama, Kazuki
    Abstract: How companies can achieve the urgently required innovation is a contemporary issue. As a historical example of this issue, this paper notices the case of Tokyo Rope Corporation (Tokyo Seiko) in the Meiji era (1868-1911). The purpose of this paper is to examine the factors of Tokyo Rope’s R&D based on the records of the company history and other documents. This paper points out three factors: (1) rebuilding a corporate governance structure for ambidexterity, which refers balancing the exploitation of existing products with the exploration of new developments; (2) intellectual communication between academic researchers and practitioners; and (3) smooth B2B transactions. The trinity of these factors could have brought about rapid innovation.
    Keywords: innovation, R&D (research and development), ambidexterity, exploitation, exploration, intellectual communication, and B2B (business-to-business).
    JEL: N65 N85 O32
    Date: 2023–12–21
    URL: http://d.repec.org/n?u=RePEc:pra:mprapa:119536&r=sbm
  16. By: Tamas Berki (Magyar Nemzeti Bank (the Central Bank of Hungary))
    Abstract: In this paper, we investigate the information and communication technology (ICT) usage patterns of Hungarian companies, relying on a company-level questionnaire survey conducted in 2020, and combining it with data from corporate annual reports. Our main objective is to construct an index of ICT usage patterns in the Hungarian business sector that reflects the digitisation level (ICT usage intensity) of companies and amalgamates into a single indicator the questionnaire survey information relevant to ICT usage. After aggregating (scoring) the qualitative questionnaire data, we used factor analysis to identify four distinct areas that are associated with the digitisation levels of the different business functions. These are the following: area responsible for integrating business functions, e-administration, IT infrastructure, and marketing and communications. The digitisation headline index is derived from the subindices of these four areas. Our paper also aims to map the patterns of ICT use by company size, sector, productivity and export activity. The intensity of ICT use is closely correlated with company size, export activity and productivity. Companies with more employees or higher productivity tend to be more intensive users of technologies. Firms that also export tend to use ICT more extensively than non-exporting ones. Technology use varies markedly from sector to sector, both in terms of the range of technologies used and their sophistication.
    Keywords: use of information and communication technologies, enterprise microdata, questionnaire survey, composite index, factor analysis.
    JEL: C43 C81 L25 O30
    Date: 2024
    URL: http://d.repec.org/n?u=RePEc:mnb:opaper:2024/149&r=sbm
  17. By: Klaus Gugler (Department of Economics, Vienna University of Economics and Business); Florian Szücs (Department of Economics, Vienna University of Economics and Business); Thomas Wiedenhofer (Department of Economics, Vienna University of Economics and Business)
    Abstract: This article evaluates if and to which extent policy can steer innovation towards eco-friendly technologies. We construct a cross-country dataset on sectoral green innovation and complement it with data on policies designed to address environmental market failures: environmental taxes, regulation, and R&D subsidies. While all of these tools exert a positive effect on green innovation, our IV estimates reveal substantial heterogeneities across policies. Overall, green innovation reacts most strongly to R&D subsidies for renewables, but interaction effects between different policies need to be considered.
    Keywords: climate change, environmental policies, directed technological change, green patents, regulation, taxes, R&D
    JEL: Q54 Q55 Q58
    Date: 2023–12
    URL: http://d.repec.org/n?u=RePEc:wiw:wiwwuw:wuwp355&r=sbm
  18. By: Bustamante, Maria Cecilia; Zucchi, Francesca
    Abstract: The control of carbon emissions by policymakers poses the corporate challenge of developing an optimal carbon management policy. We provide a unified model that characterizes how firms should optimally manage emissions through production, green investment, and the trading of carbon credits. We show that carbon pricing reduces firms’ emissions but also induces firms to tilt towards more immediate yet transient types of green investment—such as abatement as opposed to innovation—as it becomes costlier to comply. Green innovation subsidies mitigate this effect and complement carbon pricing in ensuring innovation-driven sustainability. Perhaps surprisingly, we show that carbon regulation need not reduce firm value. JEL Classification: G30, G31, G12, D62, O33
    Keywords: carbon abatement, carbon emissions, Carbon pricing, green innovation, sustainability
    Date: 2024–01
    URL: http://d.repec.org/n?u=RePEc:ecb:ecbwps:20242885&r=sbm
  19. By: Omar Bousstta (ESTC - Ecole Supérieure de Technologie de Casablanca, UH2MC - Université Hassan II [Casablanca])
    Abstract: This article aims to answer a central problem relating to the existing relationship between middle managers and information systems within Moroccan SMEs as well as to predict the degree of appropriation of new technologies by middle managers case of ERP inMoroccan SMEs. We related the degre of appropriation of ERP by middle managers in Moroccan SMEs and its impact on the success of the ERP adoption project. To this effect, It was admitted that the success of the ERP adoption project is influenced by the appropriation of use. To this end, a methodology based on a quantitative study that seeks to identify the factors impacting the appropriation of the ERP system was adopted. The results of this work confirmed́the overall hypothesis, namely, acceptance of use influences the actual commitment in terms of ERP use of the "appropriation of use" construct. Moreover, these results showed́ that communication, training, ease of use, social influence, facilitating conditions, are the most significant that impact the commitment of middle managers in terms of ERP use. And control over activities, habit and perceived usefulness are factors that affect acceptance of ERP use. Finally, the results confirmed́the overall hypothesis, namely, acceptance of use influences real commitment in terms of ERP use
    Abstract: Cet article vise à répondre à une problématique centrale relative à la relation existante entre les cadres intermédiaires et les systèmes d'information au sein des PME marocaines ainsi que prédire le degré d'appropriation des nouvelles technologies par les cadres intermédiaires, cas des ERP dans les PME Marocaines. Nous avons mis en relation le degré́ d'appropriation des ERP par les cadres intermédiaires dans les PME marocaines et son impact sur la réussite du projet d'adoption des ERP. À cet effet, Il a été admis que la réussite du projet d'adoption des ERP est influencée par l'appropriation d'usage.Pour ce faire, une méthodologie basée sur une étude quantitative qui cherche à identifier les facteurs impactant l'appropriation du système ERPa été adoptée. Les résultats de ce travail ont confirmé́ l'hypothèse globale, à savoir, l'acceptation d'usage influence l'engagement réel en termes d'usage des ERP du construit « l'appropriation d'usage ». De plus ces résultats ont montré́ que la communication, la formation, la facilité d'usage, l'influence sociale, les conditions facilitatrices sont les plus significatives qui impactent l'engagement des cadres intermédiaires en termes d'usage des ERP. Et la maitrise de contrôle des activités, l'habitude, l'utilité perçue sont des facteurs qui affectent l'acceptation d'usage des ERP. Enfin les résultats ont confirmé́ l'hypothèse globale, à savoir, l'acceptation d'usage influence l'engagement réel en termes d'usage des ERP
    Keywords: Mot clé : Appropriation ERP PME marocaine UTAUT cadre intermédiaire. Classification JEL : O3-33 Type de l'article : Étude empirique Appropriation ERP Moroccan SME UTAUT middle management. Classification JEL : O3-33 Type de l'article : Empirical Research, Mot clé : Appropriation, ERP, PME marocaine, UTAUT, cadre intermédiaire. Classification JEL : O3-33 Type de l'article : Étude empirique Appropriation, Moroccan SME, middle management. Classification JEL : O3-33 Type de l'article : Empirical Research
    Date: 2023–12–31
    URL: http://d.repec.org/n?u=RePEc:hal:journl:hal-04320589&r=sbm
  20. By: Marco Di Cataldo (Department of Economics, Ca’ Foscari University of Venice; Department of Geography and Environment, London School of Economics); Elena Renzullo (Department of Economics, Ca’ Foscari University of Venice; Department of Geography and Environment, London School of Economics)
    Abstract: The EU Cohesion Policy, with its ability to influence the socio-economic trajectories of European regions and cities, also has the potential to shape the political preferences of citizens. While some evidence exists regarding the impact of EU funds on national electoral outcomes, their role for local elections remains largely unexplored, overlooking the inherently territorial nature of Cohesion Policy and the pivotal role played by local policymakers in its activation and implementation. This study leverages detailed administrative data on European development projects to investigate the impact of EU funds on the political support for local incumbent politicians in Italy. It studies the relationship between the inflow of European funds and the probability of re-election for Italian mayors, considering different project types that reflect the mayors’ ability to attract European funds. The results reveal that Cohesion Policy plays a critical role in shaping local voting behaviours. Larger and more visible projects significantly increase the chances of mayoral re election. Moreover, local contexts characterised by faster growth, where EU projects effectively improve municipal public services, witness the greatest electoral gains for incumbents. These results underscore the importance of the design, visibility, and effectiveness of local development projects in determining the political impact of EU redistributive policies.
    Keywords: EU Cohesion Policy, incumbent re-election, political preferences, redistribution, local voting behaviour
    JEL: D72 I38 H7 R58
    Date: 2024
    URL: http://d.repec.org/n?u=RePEc:ven:wpaper:2024:02&r=sbm
  21. By: Brandon H. Lee (melbourne business school - melbourne business school); Panayiotis Panikos Georgallis (UvA - University of Amsterdam [Amsterdam] = Universiteit van Amsterdam); Jeroen Struben (EM - emlyon business school)
    Date: 2022–02–11
    URL: http://d.repec.org/n?u=RePEc:hal:journl:hal-04325583&r=sbm

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