nep-cse New Economics Papers
on Economics of Strategic Management
Issue of 2008‒12‒07
ten papers chosen by
Joao Jose de Matos Ferreira
University of the Beira Interior

  1. The Impact of Firm’s R&D Strategy on Profit and Productivity By Johansson, Börje; Lööf, Hans
  2. Learning and sharing in a Chinese high-technology cluster: A study of inter-firm and intra-firm knowledge flows between R&D employees By Matias Ramirez; Xibao Li
  3. Regional hierarchies and the location of hi-tech MNEs: the case of the pharmaceutical industry in the UK By Constantina Kottaridi
  4. Network embeddedness, specialization choices and performance in investment banking industry By Farina, Vincenzo
  5. Strategic Planning - Niche Marketing in the Agriculture Industry By Cuthbert, Ronald
  6. Anti-Dumping Regulations: Anti-Competitive and Anti-Export By Collie, David R.; Le, Vo Phuong Mai
  7. Pricing Knowledge and Funding Research of New Technology Sectors in a Growth Model By CHANTREL, Etienne; GRIMAUD, André; TOURNEMAINE, Frédéric
  8. What drives innovative output in emerging clusters? Evidence from the wine industry By Elisa Giuliani
  9. Getting a Better Price: Strategic Behaviour before Changes in Ownership of Corporate Assets By Friberg, Richard; Norbäck, Pehr-Johan; Persson, Lars
  10. Consumer Buying behaviour in Fashion Retailing: Empirical Evidencies By Azevedo, Susana; Pereira , Madalena; Ferreira, João; Pedroso, Vilma

  1. By: Johansson, Börje (CESIS - Centre of Excellence for Science and Innovation Studies, Royal Institute of Technology); Lööf, Hans (CESIS - Centre of Excellence for Science and Innovation Studies, Royal Institute of Technology)
    Abstract: This paper investigates how a firm’s R&D strategy influences the firm performance as measured by productivity and profitability. A formal production model is introduced to define and interpret alternative ways of measuring the impact of R&D. Studying 1,767 randomly selected firms from the Swedish manufacturing sector, the main findings are: (i) firms which apply persistent R&D perform better than firms with occasional as well as no R&D, (ii) occasional R&D is associated with lower performance than no R&D, and (iii) in quantile regressions the positive effect from R&D persistency is lacking for low productivity firms (lowest quartile) indicating a non-linear response. Moreover, the analysis recognises the different roles of ordinary and knowledge labour in production when specifying alternative performance measures and when identifying knowledge labour as a firm’s R&D capacity, which has a highly significant impact on firm performance. Introducing a formal production model in order to define and interpret alternative ways of measuring the impact of R&D, we apply simple ordinary OLS and quantile regressions on the economic model for analyzing the importance for a particular R&D strategy on firms’ productivity and profitability. To the best of our knowledge, we believe that the main findings of the analysis make contributions to the R&D literature.
    Keywords: R&D; productivity; profit; innovation; production analysis
    JEL: L19 O33
    Date: 2008–12–03
  2. By: Matias Ramirez (SPRU, University of Sussex); Xibao Li (School of Economics & Management, Tsinghua University)
    Keywords: learning, China, knowledge work, knowledge transfer
    JEL: D83 J24
    Date: 2008–01–09
  3. By: Constantina Kottaridi
    Abstract: Globalization, far from eliminating the relevance of geography, brings to the surface the importance of location as a collector and repository of specialized knowledge. In this “new age of capitalism”, regions are emerging as important catalysts for innovation and production development. This paper investigates the location patterns of R&D-intensive MNEs at the geographical micro-level. Analysis refers to the pharmaceutical industry, as one of the most active industries in FDI in R&D, and their foreign activities established in British regions. In this route, the present study develops a hierarchy of UK regions both on a technological and skills basis but also on a broader basis covering the overall macroeconomic environment. Results point towards a combination of corporate location strategies. High-technology firms are more likely to operate abroad in technology specialised large regions in accordance with regional hierarchical ordering. This pattern is consistent with MNEs’ commitment to access and tap into the specific technological assets embedded in the local knowledge systems and at the same time exploit their corporate-specific advantages in large markets.
    Keywords: regions, hierarchies, location, pharmaceuticals
    Date: 2008
  4. By: Farina, Vincenzo
    Abstract: The idea that network structure and embeddedness affect firms’ competitive behavior and performance is not new both in network literature and in strategic management literature. This study recognizes that the possibility to fully exploit network opportunities is depending on firm specialization choices. By analyzing network embeddedness within the European investment banking industry, I find that banks enhance performance by having a central position in their network and that specialization reduces bank’s benefits of having a central position in the network.
    Keywords: Investment Banking; IPOs; Underwriting syndicates; Social network analysis.
    JEL: G24 M10
    Date: 2008
  5. By: Cuthbert, Ronald
    Abstract: The purpose of the research is to improve our understanding of the adaptation process in agriculture at the farm level and the influence through the value chain. The research identified critical managerial decision areas in the strategic planning process of blackcurrant growers in Alberta and the South Island of New Zealand. The work was a comparative study of growers that attempted to determine the correspondence between the results of case study observations and a set of theoretical propositions that were developed from a review of the relevant literature. Results indicate that growers understand their own firm€ٳ core competencies, plan strategically and contingently to maintain flexibility and retain niche advantages. Data gathered on the blackcurrant sectors in Canada and New Zealand provided the contextual basis for the selection and analysis of the grower case studies. The sector analysis reached across the value chain. Among the findings reported was the interesting observation that although niche marketing is an accepted strategy in the marketing literature as a means to adaptive change, and although the flexibility inherent in this approach is critical to the success of traditionally resource-starved small firms, it is not clear that the firms reported on in this study engaged in niche marketing as a planned strategy but rather came upon the opportunity through serendipity. In terms of country comparison, results indicate that there may be some specific factors that contribute to the success of the blackcurrant industry in New Zealand. Closer examination of these factors may be beneficial to assisting the Canadian sector. Keywords: Niche marketing, strategic planning, adaptation flexibility JEL Codes: D81, L1, M31, O13, Q13
    Keywords: Niche marketing, strategic planning, adaptation flexibility, Farm Management, Marketing, D81, L1, M31, O13, Q13,
    Date: 2008
  6. By: Collie, David R. (Cardiff Business School); Le, Vo Phuong Mai (Cardiff Business School)
    Abstract: In a Bertrand duopoly model, it is shown that an anti-dumping regulation can be strategically exploited by the domestic firm to reduce the degree of competition in the domestic market. The domestic firm commits not to export to the foreign market which gives the foreign firm a monopoly in its own market. As a result the foreign firm will increase its price allowing the domestic firm to increase its price and its profits. If the products are sufficiently close substitutes then the higher profits in the domestic market are large enough to compensate for the loss of profits on exports.
    Keywords: anti-dumping regulations; Bertrand oligopoly; strategic behaviour
    JEL: F13 L13
    Date: 2008–11
  7. By: CHANTREL, Etienne; GRIMAUD, André; TOURNEMAINE, Frédéric
    Date: 2008–04
  8. By: Elisa Giuliani (DEA Facoltà di Economia, University of Pisa & SPRU, University of Sussex)
    Keywords: Industrial clusters, innovative output, firm knowledge base, network closure, structural holes, external openness, wine
    JEL: M0 O32 O33 Z13
    Date: 2008–07–17
  9. By: Friberg, Richard (Stockholm School of Economics); Norbäck, Pehr-Johan (Research Institute of Industrial Economics (IFN)); Persson, Lars (Research Institute of Industrial Economics (IFN))
    Abstract: We propose a model of investments prior to corporate ownership changes. We derive conditions under which the selling of a firm triggers overinvestment by both the seller and the buyer prior to the asset transfer. In a setting with Cournot competition, we show that these incentives can drive the consumer prices in a post-acquisition duopoly below those of an ongoing triopoly. Our analysis warns against a mechanical use of pre-merger benchmarks in ex post merger evaluations.
    Keywords: Mergers & Acquisitions; Ownership; Auctions; Strategic Investments; Merger Evaluations
    JEL: L13 L40 L66
    Date: 2008–11–13
  10. By: Azevedo, Susana; Pereira , Madalena; Ferreira, João; Pedroso, Vilma
    Abstract: Consumer behaviour research is the scientific study of the processes consumers use to select, secure, use and dispose of products and services that satisfy their needs. Firms can satisfy those needs only to the extent that they understand their customers. The main objective of this paper is to study the gender differences in consumer buying behaviour of a Portuguese population when they go shopping to buy apparel products. To attain this objective a survey was developed and administered across Portugal. The findings confirm the differences between women and men especially in terms of What, Where, When, and How they buy.
    Keywords: Consumer buying behaviour; Apparel; Gender.
    JEL: M00 M3 L81
    Date: 2008–11–03

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