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on Economics of Strategic Management |
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Issue of 2010‒07‒10
ten papers chosen by Joao Jose de Matos Ferreira University of the Beira Interior |
| By: | Agnieszka Gehringer |
| Abstract: | This paper investigates empirically the occurrence of pecuniary knowledge externalities at the sectoral level across European economies. The main results suggest that, although some sectors can be considered as playing a particularly important role as a source of pecuniary knowledge externalities in the majority of examined countries, there exist significant national differences in the occurrence of these effects. Moreover, such external effects influence the dynamics of total factor productivity in downstream sectors and appear as a relevant source of growth in modern economies. As such, the concept of pecuniary knowledge externalities, as opposed to pure knowledge externalities postulated in the new growth theory, provides a new clue to understanding of the growth process. |
| Keywords: | pecuniary knowledge externalities, pure knowledge externalities, knowledge production function, intermediate goods transactions |
| Date: | 2010–06–20 |
| URL: | http://d.repec.org/n?u=RePEc:got:cegedp:101&r=cse |
| By: | Jackie Krafft; Francesco Quatraro |
| Abstract: | The paper proposes an original survey on the evolution of the concept of technological knowledge and of its produc tion, as well as of its operational translations in the empirical literature. We move from the former notion of knowledge capital stock, implying a linear approach to the process of knowledge generation, and then we go through the knowledge production func tion and the recombinant knowledge approach, which are related respectively to a systemic and to an exogenous complexity view on knowledge creation. It is argued that the most recent empirical and theoretical approaches to technological knowledge are well suited to elaborate a framework in which knowledge is the outcome of endogenous complex dynamics, involving qualified interaction among innovating agents that are likely to shape the architecture of knowledge structure as well as to be influenced by it. We show some of the empirical methodologies fitting into this landscape and propose some prolific avenues of research |
| Date: | 2010–07 |
| URL: | http://d.repec.org/n?u=RePEc:icr:wpicer:17-2010&r=cse |
| By: | Huergo , E; Moreno, L |
| Abstract: | This paper analyzes the relationship between R&D expenditures, innovation and productivity growth, taking into account the possibility of persistence in firms’ behaviour. We study this relationship for a sample of Spanish manufacturing firms between 1990 and 2005, estimating a model with four equations: participation in technological activities, R&D intensity, the generation of innovations and the impact of these technological outputs on total factor productivity growth. Our results reflect the existence of true state dependence both in the decision of R&D investment and in the production of innovations. The omission of this persistence leads to an overestimation of the current impact of innovations on productivity growth. However, the presence of persistence in technological inputs and outputs entails current R&D activities having long–run effects on a firm’s productivity. |
| Keywords: | CDM model; productivity growth; persistence in R&D and innovation. |
| JEL: | L6 D24 O3 |
| Date: | 2010–05–10 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:23611&r=cse |
| By: | Andreas Georgiadis; Christos N. Pitelis |
| Abstract: | We investigate the strategies, HR attributes and their synergies that are associated withsuperior performance in service SMEs using data from the UK Tourism Hospitality andLeisure (THL) sector. A major advantage of our analysis is that our sample includesinformation also on very small firms which makes results representative of the industry butalso sheds light on a very little investigated area related to the nature of HRM and its linkwith performance of micro businesses. Our results suggest that high-performing SMEs in theTHL sector are managed by more experienced entrepreneurs. Moreover, they employ acombination of technological and know-how firm differentiation strategies together with ahighly skilled workforce, and/or a combination of (product) differentiation strategies basedon quality of service and personal attention to customers, and a generous compensationpackage and attention to employees development. |
| Keywords: | Value capture strategies, Human capital, Organisation Commitment to Employees, Profitability |
| JEL: | J2 |
| Date: | 2010–03 |
| URL: | http://d.repec.org/n?u=RePEc:cep:cepdps:dp0972&r=cse |
| By: | Paloma López-García (Banco de España); José Manuel Montero (Banco de España) |
| Abstract: | This paper investigates whether the existence of knowledge spillovers, differences in the capacity of f rms to assimilate them and disparities in some human resource management practices are related with the decision to innovate of Spanish f rms. In order to do this, we employ data from the “Central de Balances” database, which covers both manufacturing and services f rms during the period 2003-2007, and use an estimator proposed by Wooldridge (2005) for dynamic random effects discrete choice models. The empirical exercise provides evidence on the positive link between spillovers and the innovative behaviour of companies, not just for the knowledge generated in the same industry, but also for that generated in the same region or by the public sector. Moreover, this link is stronger for those f rms with a higher capacity to absorb those spillovers. This ability not only works through f rms’ R&D capabilities, but also through such factors as the quality of the labour force, the share of temporary employment and the amount of resources spent in training. In addition to these factors, we f nd that innovation performance exhibits a high degree of inertia. Further, some other observed f rm characteristics, such as size, sales growth, export behaviour, sector capital intensity or f nancial structure variables, are also found to be relevant determinants of the likelihood of innovation. |
| Keywords: | innovation, R&D, spillovers, absorptive capacity, skilled labour, temporary employment, dynamic RE probit model |
| JEL: | O32 C23 C25 J6 J24 L00 |
| Date: | 2010–06 |
| URL: | http://d.repec.org/n?u=RePEc:bde:wpaper:1015&r=cse |
| By: | Agnieszka Gehringer |
| Abstract: | The aim of the paper is to discuss and to provide evidence for the existence of pecuniary knowledge externalities, considered here as the main cause of positive disequilibrium experience by downstream producers. This last effect, confirmed by the empirical analysis here performed, contrasts the postulates of the model of growth through creative destruction due to Aghion & Howitt (1992), where downstream producers remain very much passive in front of new technological knowledge externally generated. |
| Keywords: | pecuniary knowledge externalities, endogenous growth, creative destruction, Input-Output |
| Date: | 2010–06–19 |
| URL: | http://d.repec.org/n?u=RePEc:got:cegedp:100&r=cse |
| By: | Barajas, A; Huergo, E; Moreno, L |
| Abstract: | The objective of this paper is to analyse the effects of international R&D cooperation on firms’ economic performance. Our empirical analysis, based on Spanish firms’ participation in the Framework Programme (FP) between 1995 and 2005, has confirmed that: (1) cooperation within the FP has a positive impact on the technological capacity of firms, captured through intangible fixed assets and (2) the technological capacity of firms is positively related to their economic performance, measured by labour productivity. |
| Keywords: | International R&D cooperation; Framework Programme; Impact assessment |
| JEL: | L2 H81 O3 |
| Date: | 2009–11–17 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:23610&r=cse |
| By: | Afzal, Sarwat |
| Abstract: | In this project an attempt has been made to demonstrate a positive relationship between marketing capabilities and Strategy using Porters framework and corporate performance in an emerging/developing market of Pakistan. This paper reports a study that marketing practice regulates the relationship between marketing capabilities & Strategy using Porters framework and business performance. In turn, the type of marketing practice adopted is moderated by the market served. Various studies have suggested that marketing capabilities & Strategy using Porters framework influences business performance. These discussions are summarized by a theoretical model and a series of theoretical propositions. The results suggest that Marketing Capabilities and Strategy frame exist in the business environment of Pakistan but there is a weak relationship with firm performance. |
| Keywords: | Marketing Capabilities; Competitive Advantages; Business strategy; Firm Performance |
| JEL: | M31 M30 |
| Date: | 2009–11 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:23642&r=cse |
| By: | Dirk Engel; Vivien Procher |
| Abstract: | ‘Being international’ has nearly become an undisputed aim for firms in a globalized world. Several papers find a positive relationship between foreign direct investment (FDI) and the home performance of firms. In this paper we address the “FDI – export” relationship to better understand this pattern. Furthermore, by presenting first results on firm’s post-divestiture employment growth at home we are able to provide a more comprehensive view on fi rm performance after stepping in and out of foreign markets. We apply a propensity score matching technique in combination with a difference-in-difference estimator to analyze the performance dynamics of French firms that invested abroad or carried out foreign divestitures during the period 2000-2007. FDI has on average a positive home firm eff ect in terms of export share, operating turnover and employment. Industry differences reveal that firms in high-tech industries experience a strong increase in their home performance, whereas firm performance in low-tech industries increases only moderately in post-investment periods. In contrast, the divestiture impact on the post-divestiture performance is rather negligible. |
| Keywords: | Foreign markets; entry and exit; firm performance |
| JEL: | F21 F23 D21 L25 |
| Date: | 2010–04 |
| URL: | http://d.repec.org/n?u=RePEc:rwi:repape:0193&r=cse |
| By: | Boehe, Dirk Michael; Cruz, Luciano Barin; Ogasavara, Mário Henrique |
| Date: | 2010–10 |
| URL: | http://d.repec.org/n?u=RePEc:ibm:ibmecp:wpe_206&r=cse |