nep-cse New Economics Papers
on Economics of Strategic Management
Issue of 2013‒12‒20
sixteen papers chosen by
Joao Jose de Matos Ferreira
University of the Beira Interior

  1. High growth firms, innovation and competition: the case of the US pharmaceutical industry By Mariana Mazzucato; Stuart Parris
  2. Quantity or quality? Knowledge alliances and their effects on patenting By Hottenrott, Hanna; Lopes-Bento, Cindy
  3. (International) R&D collaboration and SMEs: The effectiveness of targeted public R&D support schemes By Hottenrott, Hanna; Lopes-Bento, Cindy
  4. The Impact of Formal Institutions on Knowledge Economy By Asongu, Simplice A.; Andrés, Antonio R.; Amavilah, Voxi S. H.
  5. An economic evaluation of the effects of business strategy of agro-food industry clusters on export competitiveness in Serbian transition economy By Vanka, Gajo M.; Heijman, Wim J.M.
  6. Firm competition in a probabilistic framework of consumer choice By Hao Liao; Rui Xiao; Duanbing Chen; Matus Medo; Yi-Cheng Zhang
  7. Human resource management: how much do firms really need? By Alex Bryson; Michael White
  8. Knowledge Spillovers in Neoclassical Growth Model: an extension with Public Sector By Álvarez, Inmaculada; Barbero, Javier
  9. Vplyv intenzity konkurencie na stratégiu podniku By Zagorsek, Branislav
  10. Entrepreneurs and Output: Theory and Empirical Evidence with Spanish Data By Vicente Salas-Fumas; J. Javier Sanchez-Asin; David Storey
  11. Proximity and Stratification in European Scientific Research Collaboration Networks: A Policy Perspective By Hoekman; Frenken
  12. Do more distant collaborations have more citation impact? By Nomaler; Frenken; Heimeriks
  13. Competitive Market Segmentation By Silvio Sticher
  14. Finance and growth: New evidence from Meta-analysis By Asongu Simplice
  15. Public and private management of renewable resources: Who gains, who loses? By Quaas, Martin F.; Stoeven, Max T.
  16. A Strategic Agricultural Sector and Food Security Diagnostic for Burma. By Haggblade, Steven; Boughton, Duncan

  1. By: Mariana Mazzucato (SPRU, University of Sussex, UK); Stuart Parris (Faculty of Economics, Open University, UK)
    Keywords: R&D, Growth, Venture capitalist, quantile regression, pharmaceutical industry
    Date: 2013–12
  2. By: Hottenrott, Hanna; Lopes-Bento, Cindy
    Abstract: This study shows for a large sample of R&D-active manufacturing firms over the period 2000-2009 that knowledge alliances have a positive effect on patenting in terms of both quantity and quality. However, when distinguishing between alliances that aim at joint creation of new knowledge and alliances that aim at the exchange of knowledge, results suggest that creation alliances lead to more valuable patents as they receive significantly more forward citations per patent. Knowledge exchange alliances, on the other hand, are associated with patent quantity, but not quality. --
    Keywords: Knowledge Alliances,Patents,Innovation,R&D,Count Data Models
    JEL: O31 O32 O33 O34
    Date: 2013
  3. By: Hottenrott, Hanna; Lopes-Bento, Cindy
    Abstract: This study analyses the impact and effectiveness of targeted public support for R&D investment at the firm level. We test whether the policy design aiming at incentivizing (international) collaboration and R&D in SMEs achieves input as well as output additionality. Our results show that the targeted public subsidies trigger R&D spending, especially so in internationally collaborating SMEs. We further evaluate the different impact of privately financed and publicly-induced R&D investment on innovation performance. The results confirm that the publicly-induced R&D is productive as it translates into marketable product innovations. While both types of R&D investments trigger significant output effects, the effect of policyinduced R&D investment on sales from market novelties is highest for international collaborators as well as for SMEs. --
    Keywords: Public Innovation Policy,Subsidies,R&D,SMEs,International Collaboration,Treatment Effects
    JEL: C14 C30 H23 O31 O38
    Date: 2013
  4. By: Asongu, Simplice A.; Andrés, Antonio R.; Amavilah, Voxi S. H.
    Abstract: Using Kauffman, Kraay, and Mastruzzi governance indicators, this article analyzes the impact of formal institutions on the knowledge economy- by assessing how the enforcement of Intellectual Property Rights (IPRs) through good governance mechanisms affects the knowledge economy. The article also employs the World Bank’s four components of the knowledge economy index characteristic of its knowledge for development (K4D) framework. We estimate panel data models for 22 Middle East & North African and Sub-Sahara African countries over the period 1996-2010. The results show that for this group of countries the enforcement of IPR laws (treaties), although necessary, is not a sufficient condition for a knowledge economy. The results also suggest that other factors are more likely to determine the knowledge economies of these nations. Overall these findings have important implications for both policy and further research.
    Keywords: Formal institutions; Knowledge economy; Panel data; Principal component analysis (PCA)
    JEL: O10 O34 O38 P00 P48
    Date: 2013–06
  5. By: Vanka, Gajo M.; Heijman, Wim J.M.
    Abstract: This article gathered and displayed data on export strategies of agro-food products and the performance of some clusters and associations inside industries in Serbian region. As part of this article, producers in clusters were described in detail in agro&food production, their weaknesses&opportunities they confront in the national and international markets. Analyzes were carried out within 2 clusters, association and on their subsistence in national markets. SWOT analyzes managed to make a solid/viable cross section of agro production and food industry through its branches within which these clusters work. These branches are baking, wine, organic food production&dairy industry. Etno-tourism and the way it connects all of these food items of food industry is also analyzed within this paper. In this way a complete picture of the clusters in the agriculture and food industry was gained.
    Keywords: agribusiness, agro-food sector, clusters, competitiveness, micro¯o level, Serbia, SWOT, Agribusiness, International Relations/Trade, Production Economics,
    Date: 2013
  6. By: Hao Liao; Rui Xiao; Duanbing Chen; Matus Medo; Yi-Cheng Zhang
    Abstract: We develop a probabilistic consumer choice framework based on information asymmetry between consumers and firms. This framework makes it possible to study market competition of several firms by both quality and price of their products. We find Nash market equilibria and other optimal strategies in various situations ranging from competition of two identical firms to firms of different sizes and firms which improve their efficiency.
    Date: 2013–12
  7. By: Alex Bryson; Michael White
    Abstract: More complete systems of human resource management (HRM) could deliver really extensive gains in employee motivation, according to an analysis of representative data from British workplaces by Michael White and Alex Bryson. Their research explores whether the introduction of 'high-performance work systems' really make a difference to business performance and whether it is possible for firms to have 'too little' or 'too much' HRM. They find that workplace attitudes become steeply and progressively more positive once a threshold of HRM practices has been reached. But in terms of employee attitudes, it might be better to have no HRM than just a little. At present, a half of British workplaces are experiencing slightly depressed employee attitudes.
    Keywords: Human resource management, high performance, organizational commitment
    JEL: J28 L23 M12 M54
    Date: 2013–12
  8. By: Álvarez, Inmaculada (Departamento de Análisis Económico (Teoría e Historia Económica). Universidad Autónoma de Madrid.); Barbero, Javier (Departamento de Análisis Económico (Teoría e Historia Económica). Universidad Autónoma de Madrid.)
    Abstract: We propose a framework to analyze convergence between regions, incorporating the public sector and technological knowledge spillovers in the context of a Neoclassical Growth Model. Secondly, we apply novel estimation methods pertaining to the spatial econometrics literature introducing a spatial autoregressive panel data model based on instrumental variables estimation. Additionally, we introduce marginal effects associated with changing explanatory variables. Our model makes it possible to analyze, in terms of convergence, the results obtained in Spanish regions with the policies implemented during the period 1980-2007. The results support the idea that investments in physical, private and public capital, as well as in education have a positive effect on regional development and cohesion. Therefore, we can conclude that it is possible to obtain better results for regional convergence with higher rates of public investment. We also obtain interesting results that confirm the existence of spillover effects in economic growth and public policies, identifying their magnitude and significance.
    Keywords: speed of convergence; growth models; public policies.
    JEL: E13 H54 O41
    Date: 2013–12
  9. By: Zagorsek, Branislav
    Abstract: The aim of this paper is to identify relation between intensity of competition in business environment and the strategy. The aim is also to identify the relation between intensity of competition and factors of influence on the business. The research was done in Slovakia on 382 companies. Main methods used were survey, correlation analysis and synthetic indicator. The paper consists of theoretical overview, overview of methodology, research results and research results analysis and evaluation. The result is clarification of relation between strategy and dynamic business environment, dynamic business environment and competitive advantage, usage of information technologies and other factors.
    Keywords: strategy, business environment, competition, postindustrial era, competitive advantage
    JEL: L10 M10
    Date: 2013
  10. By: Vicente Salas-Fumas (Faculty of Economics, University of Zaragota, Spain); J. Javier Sanchez-Asin (Faculty of Economics, University of Zaragota, Spain); David Storey (School of Business Management and Economics, University of Sussex, UK)
    Keywords: Occupational choice, Self-employment, entrepreneurship, entrepreneural skills, Spanish economy
    JEL: J24 L26 D24
    Date: 2013–12
  11. By: Hoekman; Frenken
    Abstract: In this chapter we introduce a framework to understand the geography of scientific research collaboration with an emphasis on empirical studies that evaluate the policy efforts to create a ‘European Research Area’ (ERA). We argue that the geography of scientific research collaboration follows a logic of proximity that provides researchers with solutions to the problem of coordination, and a logic of stratification that provides researchers with differential means to engage in collaboration. The policy efforts to create ERA can then be understood as strategic policy interventions at the European level that affect the form and nature of both structuring principles. More specifically, the aim of reducing ‘fragmentation of research activities, programmes and policies’ affects the importance of several forms of proximity vis-à-vis each other, while the promotion of ‘research excellence’ results in new forms of network stratification at multiple spatial scales. We provide an overview of recent empirical findings to illustrate these claims, and discuss potential implications for future ERA policies.
    Keywords: collaboration, science, geography, proximity, stratification, Europe
    Date: 2013–11
  12. By: Nomaler; Frenken; Heimeriks
    Abstract: Internationally co-authored papers are known to have more citation impact than nationally co-authored paper, on average. However, the question of whether there are systematic differences between pairs of collaborating countries in terms of the citation impact of their joint output, has remained unanswered. On the basis of all scientific papers published in 2000 and co-authored by two or more European countries, we show that citation impact increases with the geographical distance between the collaborating counties.
    Keywords: citation impact, collaborations, distance, country effects
    Date: 2013–11
  13. By: Silvio Sticher
    Abstract: In a two-firm model where each firm sells a high-quality and a low-quality version of a product, customers differ with respect to their brand preferences and their attitudes towards quality. We show that the standard result of quality-independent markups crucially depends on the assumption that the customers' valuation of quality is identical across firms. Once we relax this assumption, competition across qualities leads to second-degree price discrimination. We find that markups on low-quality products are higher if consuming a low-quality product involves a firm-specific disutility. Likewise, markups on high-quality products are higher if consuming a high-quality product creates a firm-specific surplus.
    Keywords: price differentiation; vertical competition
    JEL: D43 L13 L15
    Date: 2013–12
  14. By: Asongu Simplice (Yaoundé/Cameroun)
    Abstract: Purpose – In a meta-study, we have bridged the gap between the pros and cons of a questionable finance-growth nexus. Design/methodology/approach – Over 20 fundamental characteristics that have influenced the debate over the last decades have been examined. The empirical evidence is based on 196 outcomes from 20 studies. We assess the degree of heterogeneity and identify causes of the observed differentiation. Findings – Our findings also show evidence of publication bias. Overall, a genuine effect exists between financial development and economic growth. A finance-growth nexus might not be appealing in our era because of: endogeneity-based estimations, publication bias and, effects of financial activity. A historical justification has also been discussed. Practical implications – Encouraging the publication of results with findings that are not consistent with the mainstream positive finance-growth nexus should provide new scholarly insights into the relationship. Depending on the specific context of sampled countries, the role of policy has also been to encourage financial development through measures that may expose countries to negative external shocks like financial crises. Policy makers that have been viewing the challenges of development exclusively from this point of view for the rewards of growth may not be getting the financial dynamics correctly. Originality/value – Very few meta-analysis studies have focused on the finance-growth nexus.
    Keywords: Meta analysis; Finance; Economic growth; Publication bias
    JEL: C1 C4 E0 O0
    Date: 2013–09
  15. By: Quaas, Martin F.; Stoeven, Max T.
    Abstract: Renewable resources provide society with resource rent and surpluses for resource users (the processing industry, consumers) and owners of production factors (capital and labor employed in resource harvesting). We show that resource users and factor owners may favor inefficiently high harvest rates up to open-access levels. This may explain why public resource management is often very inefficient. We further show that privatizing inefficiently managed resources would cause losses for resource users and factor owners, unless (a) the stock is severely depleted and (b) the discount rate is low. We quantify our results for the Northeast Arctic Cod fishery --
    Keywords: resource rent,consumer surplus,worker surplus,distribution,political economy
    JEL: Q28 D33 D72 Q57
    Date: 2013
  16. By: Haggblade, Steven; Boughton, Duncan
    Abstract: Despite its enormous potential, Myanmar’s agriculture has underperformed over the past fifty years. Today, per capita earnings in agriculture average roughly $200 a year, one-half to one-third of the levels achieved by its regional peers. Given that two-thirds of the population works primarily in agriculture, low farm productivity translates into high rates of poverty and food insecurity. Currently, about one quarter of the population falls below the national poverty line. As a result, in spite of national rice self-sufficiency, food security for many households and individuals remains elusive. Poor households spend over 70% of their income on food. In addition, fully one-third of rural households borrow at some point during the year in order to purchase food. Even after shouldering this heavy financial burden, up to one-half of rural households report having to navigate two months each year without adequate food supplies, leaving one-third of the country’s children stunted.
    Keywords: Agricultural and Food Policy,
    Date: 2013–07

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