|
on Economics of Strategic Management |
Issue of 2012‒02‒01
seven papers chosen by Joao Jose de Matos Ferreira University of the Beira Interior |
By: | Gotsch, Matthias; Hipp, Christiane; Gallego, J.; Rubalcaba, L. |
Abstract: | -- |
Date: | 2011 |
URL: | http://d.repec.org/n?u=RePEc:zbw:btuopu:11&r=cse |
By: | Tomohiro MACHIKITA (Tomohiro MACHIKITA Institute of Developing Economies, Inter-disciplinary Studies Center, Japan); Yasushi UEKI (Yasushi UEKI Institute of Developing Economies, Bangkok Research Center, Thailand) |
Abstract: | This paper studies two questions on the role of networked sources of knowledge influential to product innovation. First: What is the extent of technology transferred through vertical linkages and public-private alliances, including university-industry linkages, in the phase of product improvement and development? Second: What types of knowledge are transferred from external technology sources? In a sample of ASEAN firms’ self-reported partner data restricted to automotive related industries, we found that direct linkages with MNC customers in foreign countries resulted in a lower propensity of product innovation. Indeed, incoming knowledge from MNC customers relating to the management of quality of existing products especially explained the lower propensity of product innovation. We also found that production linkages with MNC suppliers in foreign countries resulted in a higher propensity of product innovation. Incoming knowledge from MNC suppliers about quality controls explained a lower propensity of product innovation. These findings empirically indicate that networked sources of knowledge have a significant influence trade-off between maintaining existing operations and developing new products. The impacts of public-private alliances on innovation are sizable compared with the impacts of vertical linkages. Public-private alliances and vertical linkages offer knowledge with different effects on product innovation. |
Date: | 2011–11–01 |
URL: | http://d.repec.org/n?u=RePEc:era:wpaper:dp-2011-08&r=cse |
By: | SMRUTI RANJAN BEHERA (Department of Economics,Shyamlal College,University of Delhi); PAMI DUA (Department of Economics, Delhi School of Economics, Delhi, India); BISHWANATH GOLDAR (V.K.R.V. Rao Centre for Studies in Globalization Institute of Economic Growth, University Enclave, Delhi) |
Abstract: | The paper attempts to analyze the spillover effect of Foreign Direct Investment (FDI) across Indian manufacturing industries. Foreign presence by way of FDI brings new channels of technology spillover to the domestic industrial firms in the form of enhanced efficiency and diffusion of knowledge in the long-run. By carrying out Pedroni cointegration tests, the analysis tries to provide a long-run relationship between endogenous variables and explanatory variables, pertaining to technology spillovers across Indian manufacturing industries. We find that technology spillovers are relatively higher in industries like food products, textiles, chemicals, drugs and pharmaceuticals and non-metallic mineral products. |
Keywords: | Foreign Direct Investment; Technology Spillover; Manufacturing; Panel Cointegration; Unit Root Tests. |
JEL: | O41 F43 E23 C22 C23 |
Date: | 2012–01 |
URL: | http://d.repec.org/n?u=RePEc:cde:cdewps:207&r=cse |
By: | Spithoven, André (Vrije Universiteit Brussel, Belgium); Teirlinck, Peter (Hogeschool-Universiteit Brussel (HUB), Belgium) |
Abstract: | The past decades have witnessed a large growth in patenting and out-licensing rendering the IP strategy an important element for innovation management. The paper looks at the relation between the formal qualification and occupation of R&D personnel and the IP strategy by focussing on the probability of firms? to register patents and to out-license technology in order to generate revenue. Based on the occupational and educational characteristics of R&D personnel it is shown that patent registration and income generating from licensing imply a different set of skills from the R&D labour force. Looking at the occupation of the R&D staff, patenting can be related to the presence of R&D managers & researchers and also to R&D support staff; whereas out-licensing is linked to the R&D support staff solely. Second, regarding the level of education, the act of registering patents and generating revenue from them depends on R&D staff having a doctoral degree. |
Keywords: | Intellectual property; R&D personnel; Education; Occupation; Firm-level |
Date: | 2011–11 |
URL: | http://d.repec.org/n?u=RePEc:hub:wpecon:201121&r=cse |
By: | Leonid Kogan; Dimitris Papanikolaou; Amit Seru; Noah Stoffman |
Abstract: | We explore the role of technological innovation as a source of economic growth by constructing direct measures of innovation at the firm level. We combine patent data for US firms from 1926 to 2010 with the stock market response to news about patents to assess the economic importance of each innovation. Our innovation measure predicts productivity and output at the firm, industry and aggregate level. Furthermore, capital and labor flow away from non-innovating firms towards innovating firms within an industry. There exists a similar, though weaker, pattern across industries. Cross-industry differences in technological innovation are strongly related to subsequent differences in industry output growth. |
JEL: | E32 G14 O3 O4 |
Date: | 2012–01 |
URL: | http://d.repec.org/n?u=RePEc:nbr:nberwo:17769&r=cse |
By: | Grill, Plina; Bresser, Rudi K. F. |
Abstract: | Mergers & acquisitions (M&A) are most popular external growth strategies. While the number of M&A has been increasing during the past decades, on average, only the shareholders of target firms gain value during the acquisitions process, while acquirers do not receive abnormal positive returns. This paper analyses the impact of strategically valuable resources on the success of M&A decisions. We test complementary resource-based hypotheses regarding the value of M&A for the shareholders of both transaction partners. Our sample consists of transactions in the pharmaceutical and biotechnological industry. The results of our study show that the shareholders of both transaction partners will gain above average positive returns only when the acquirer and the target own and combine strategically valuable resources and capabilities. -- |
Date: | 2011 |
URL: | http://d.repec.org/n?u=RePEc:zbw:fubsbe:201126&r=cse |
By: | Florian Mayneris; Sandra Poncet |
Keywords: | Export spillovers, China, agglomeration |
JEL: | F1 R12 A A |
Date: | 2011–12 |
URL: | http://d.repec.org/n?u=RePEc:cii:cepidt:2011-32&r=cse |