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on Economics of Strategic Management |
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Issue of 2016‒09‒11
sixteen papers chosen by João José de Matos Ferreira Universidade da Beira Interior |
| By: | Silvia Rita Sedita; Ivan De Noni; Roberta Apa; Luigi Orsi |
| Abstract: | This work aims to investigate the features of the regional knowledge space that are more likely to be conducive to technological progress (TP), either in terms of dimension and relevance. We acknowledge the importance of knowledge assets for new knowledge production and we identify more or less path dependent processes that allow a region to be more competitive in terms of innovation potential. In particular, adopting an evolutionary view of regional development, we consider a regional knowledge space as composed of a knowledge base (KB) and a selection environment (SE), which differently affect the technological progress of the region. Empirical evidence come from a quantitative analysis of 269 European regions, whose data are included in the RegPat database. Results show that the variety of KB impacts positively on the technological progress at large. The variety of SE impacts positively only on the technological progress in terms of relevance, while the size of the SE impacts positively only on the quantitative side of the technological progress. Unrelated variety of KB and SE affects technological progress more widely than their correspondent related variety indicators. |
| Date: | 2016–08 |
| URL: | http://d.repec.org/n?u=RePEc:egu:wpaper:1624&r=cse |
| By: | Roberto Álvarez |
| Abstract: | This paper examines the impact of information and communication technology (ICT) and research and development (R&D) investment on innovation and productivity in Chilean firms, in particular those in the services industry. It provides new evidence on this topic for a developing country and also for firms in the services sector, areas in which existing evidence is limited. The findings for services industries are relevant because this sector in Latin America has a large productivity gap when compared to the sector in developed countries. The results show that ICT contributes positively to innovation and productivity in both the total sample and the services industry. They also confirm that ICT investment increases productivity directly and not only through innovation, suggesting that this investment would have additional effects on productivity. |
| Date: | 2016–09 |
| URL: | http://d.repec.org/n?u=RePEc:udc:wpaper:wp428&r=cse |
| By: | Dario Guarascio; Federico Tamagni |
| Abstract: | In this work we test if persistent innovators, defined according to different innovation activities (R&D, product and process innovation, patenting) grow more than other firms, and if innovation persistence can contribute to explain the so far little evidence in favor of persistence in growth itself. We exploit a somewhat uniquely long-in-time dataset tracing a representative sample of Spanish manufacturing firms over the period 1990-2012. This allows to overcome the difficulties in the definition of persistent innovators traditionally based on innovation surveys. Our findings, against the expectations, support that persistent innovators do not generally outperform the other firms. First, they do not grow more, and actually we find that, despite some variation across innovation persistence indicators, they even grow less than other firms in the top-quantiles of the growth rates distribution, that is among high-growth firms. Further, persistent innovators do not show higher growth persistence than other firms, in none of the quantiles of the growth rates distribution, independently from the innovation persistence indicator considered. |
| Keywords: | firm growth, innovation persistence, product and process innovation, R\&D, patents, quantile regressions |
| Date: | 2016–02–09 |
| URL: | http://d.repec.org/n?u=RePEc:ssa:lemwps:2016/31&r=cse |
| By: | Thomas J. Hannigan (Strategic Management Department, Fox School of Business, Temple University); Alessandra Perri (Dept. of Management, Università Ca' Foscari Venice); Vittoria Giada Scalera (Amsterdam Business School, University of Amsterdam) |
| Abstract: | The multinational enterprise (MNE) is the superior form of organization to play arbitrageur of country differences, particularly with respect to high knowledge activities. To this end, extant IB literature has devoted significant efforts to the transfer of knowledge across countries via local embeddedness. However, in a modern business environment characterized by dispersed value chain activities and falling spatial transaction costs, collaborative innovation relationships may be far more complex. In this paper, we argue that the connectedness of inventor networks Ð rather than knowledge spillovers - may transcend requirements of local embeddedness and serve as a crucial source of new ideas and exploration into new technologies. Further, we posit that these collaborations stem out of locations at the subnational level, such as cities, and fall along the somewhat orthogonal dimensions of foreign and domestic connections. Finally, we argue that the operational footprint of the firm serves as a positive moderator on the impact of connectedness on technological exploration. |
| Keywords: | Innovation, Economic Geography, Regional Innovation, Connectedness, Clusters, Multinational Enterprises (MNEs) |
| JEL: | M16 O32 |
| Date: | 2016–09 |
| URL: | http://d.repec.org/n?u=RePEc:vnm:wpdman:122&r=cse |
| By: | Demir, Robert (The Ratio Institute and Lancaster University Management School); Wennberg, Karl (The Ratio Institute and Linköping University); McKelvie, Alexander (Syracuse university) |
| Abstract: | Scholars’ knowledge of the factors behind high-growth firms remains fragmented. This paper provides a systematic review of the empirical literature concerning high-growth firms with a focus on the strategic aspects contributing to growth. Based on our review of 39 articles, we identify five drivers of high growth: human capital, strategy, human resource management, innovation, and capabilities. These drivers are combined to develop a conceptual model of high-growth firms that includes potential contingency factors among the five drivers. We also propose a research agenda to deepen the study of high-growth firms in strategic management. |
| Keywords: | High-Growth Firms; Strategy; Innovation; Human Capital; HRM; Capabilities; Literature Review |
| JEL: | L25 L26 M13 |
| Date: | 2016–09–05 |
| URL: | http://d.repec.org/n?u=RePEc:hhs:ratioi:0273&r=cse |
| By: | Antonelli, Cristiano; Crespi, Francesco; Mongeau, Christian; Scellato, Giuseppe (University of Turin) |
| Abstract: | This paper analyses the role of the composition of the regional stock of knowledge in explaining innovation performance. The paper provides three main contributions. First, it investigates the relevance of Jacobs knowledge externalities in characterizing the technological capabilities at the regional level. Second, it applies the Hidalgo-Hausmann (HH) methodology to analyze knowledge composition by looking at patent data of 214 regions, located in 27 state members of the European Union (EU) during the years 1994- 2008. Third, it econometrically assesses the role of knowledge base composition in a knowledge generation function. The results of the empirical analysis confirm that the characterization of regional knowledge base through the HH indicators provides interesting information to understanding its composition and to qualify it as a provider of the Jacobs knowledge externalities that account for the dynamics of regional innovative performance. |
| Date: | 2016–07 |
| URL: | http://d.repec.org/n?u=RePEc:uto:dipeco:201611&r=cse |
| By: | Zoltán Elekes; Balázs Lengyel |
| Abstract: | How does international trade of foreign-owned companies contribute to regional economic growth in less developed regions? Are there knowledge externalities at play between co-located trade activities of foreign and domestic firms? We address the above questions by analysing the impact of technological relatedness of regional import and export activities in manufacturing, performed by foreign and domestic companies on regional employment growth in Hungary between 2000 and 2012. Results suggest that the related variety of export activities and the relatedness between import and export products benefits regional employment growth in general, while the host economy benefits more from the technological relatedness of domestic firms’ trade activities, rather than relatedness to or between foreign firms’ activities. Employment of domestic firms benefits from the trade activity of co-located foreign firms only if it is in the same product class. |
| Date: | 2016–08 |
| URL: | http://d.repec.org/n?u=RePEc:egu:wpaper:1620&r=cse |
| By: | Negriu, A. (University of Amsterdam) |
| Abstract: | Singh and Vives (1984) consider a game where duopolists first commit to a strategic variable, quantity or price, and then compete in selling horizontally differentiated products. Here product substitutability is endogenized by allowing firms to undertake R&D investments to increase differentiation. This has important consequences for the determination of the equilibrium type of competition. Whereas in the original model Cournot competition always ensued in equilibrium, horizontal product innovation allows all types of market competition to be an equilibrium, depending on model parameters. As market size increases, the game of choosing the strategic variable changes structure. For small market size it is a dominance solvable game with Cournot competition as unique outcome. For higher market size, the firms face a Prisoner's Dilemma where Bertrand competition would be Pareto optimal, but Cournot competition is the non-cooperative Nash Equilibrium. As market size further increases, the game of choosing market variables becomes a Hawk-Dove game where, in pure strategy equilibrium, one firm sets quantity and the other sets price. When market size increases even further, setting prices will be the strictly dominant strategy and Bertrand competition is the unique equilibrium outcome for a relatively small parameter-range. Finally, for suffciently high market size all equilibria corresponding to differentiated duopoly abruptly dissappear and the market separates into two monopolies. |
| Date: | 2015 |
| URL: | http://d.repec.org/n?u=RePEc:ams:ndfwpp:15-06&r=cse |
| By: | Daniela Garbin Praničević (Faculty of Economics, Department of Business Informatics, Split, University of Split, Croatia); Ana Zovko (Adriatic Sailing Ltd, Zagreb, Croatia) |
| Abstract: | Purpose – Despite the fact that information and communication technology (ICT) provide innovative and advanced potential to significantly increase the competitiveness of tourism goods and services it is still insufficiently recognized and accordingly not enough used. On the other side, the ICT potential, if ignored, may results with serious consequences for the quality of tourism processes on supply side and demand side as well. The main aim of the paper is, therefore, to explore ICT potential in wider context and propose modalities how to apply it better and more professional locally, namely in Croatian tourism sector. Methodology – Qualitative methods of analyses and desktop research were used in the study. Findings – The authors outlined state of art trends in tourism induced by ICT and enclose example and case studies of some customized ICT solutions to tourism needs. Those results strongly emphasize the necessity of constantly following mentioned trends in tourism practice. Contribution – Contributions are considered from three standpoints: firstly from the theoretical view the contribution is related on justification of ICT as main driver of innovation in tourism. Secondly, developing the framework appropriate for investigating the ICT potential requisite to increase competitiveness contribute within research part. Finally, proposing the basic guidelines to tourism management for improving the use if ICT potential present a practical implication of this qualitative review. |
| Keywords: | ICT innovative potential, ICT trends, ICT implementation, Croatia |
| JEL: | L83 |
| Date: | 2016–04 |
| URL: | http://d.repec.org/n?u=RePEc:tho:iscthi:04&r=cse |
| By: | Aranda Gutierrez, Ana (Tilburg University, School of Economics and Management) |
| Abstract: | This dissertation consists of three essays that consider: i) the institutional change generated by the simultaneous actions of activist organizations and corporations, ii) the influence of coercive pressures and legitimacy threats on industry performance, and iii) the importance of the concept of legitimacy in organization and management scholarship, with particular emphasis on the strength of the performance implications of legitimacy. Using the empirical setting of a contested industry, this dissertation combines strategy and institutional theory in order to conceptualize and test how industry participants shape institutions, and simultaneously, how institutions shape industry strategies and performance. Hence, from a theoretical perspective, the dissertation intersects with the study of social movements and legal environments as well. In short, the essays that comprise this dissertation shed light on where institutional pressures and legitimacy threats originate, and how they affect industry performance. |
| Date: | 2016 |
| URL: | http://d.repec.org/n?u=RePEc:tiu:tiutis:ec7e4803-0702-496c-8b36-8732ab48c860&r=cse |
| By: | Ludovic Dibiaggio (Histoire et Critique des Arts - Centre d'étude et de recherche d'archéologie méditerranéenne et atlantique. UHB); Maryam Nasyar; Lionel Nesta (Observatoire français des conjonctures économiques) |
| Abstract: | This paper analyses whether complementarity and substitutability of knowledge elements are key determinants of the firm's inventive performance, in addition to the more conventional measures of knowledge stock and diversity. Using patent data from 1968 to 2002 in the semiconductor industry, we find that the overall level of complementarity between knowledge components positively contributes to firms’ inventive capability, whereas the overall level of substitutability between knowledge components generally has the opposite effect. Yet a relatively high level of substitutability is found to be beneficial for explorative inventions. These results suggest that a firm's inventive capacity significantly depends on its ability to align its inventive strategies and knowledge base structure. |
| Keywords: | Knowledge base; Complementarity; Substitutability; Invention |
| Date: | 2014–11 |
| URL: | http://d.repec.org/n?u=RePEc:spo:wpmain:info:hdl:2441/43aq8ffdqb82sbffkv69bt1eaa&r=cse |
| By: | Joern H. Block (Erasmus University Rotterdam, the Netherlands); Christian O. Fisch (Erasmus University Rotterdam, the Netherlands); Mirjam van Praag (Copenhagen Business School, Denmark) |
| Abstract: | Innovative entrepreneurship is considered an important pillar for economic development and has sparked a lively discussion in academia and practice alike. Oftentimes, however, the debate is not sufficiently grounded on solid empirical evidence. The academic literature is growing but very scattered and is separated into several disciplines. We provide a summary that takes stock of the academic knowledge about innovative entrepreneurship and summarizes the evidence from 102 empirical studies published in the primary economics and management journals on the antecedents, behavior, and consequences of innovative entrepreneurship. Based on this state-of-the-art literature review, directions for future research are discussed. |
| Keywords: | innovative entrepreneurship; Schumpeter; literature review; economic development |
| JEL: | L26 L53 M13 O31 O33 |
| Date: | 2016–09–05 |
| URL: | http://d.repec.org/n?u=RePEc:tin:wpaper:20160072&r=cse |
| By: | Danilov, Yury A. (Russian Presidential Academy of National Economy and Public Administration (RANEPA); Moscow State University - Faculty of Economics); Dustova, E.A. (Russian Presidential Academy of National Economy and Public Administration (RANEPA)) |
| Abstract: | Monitoring of the Global Competitiveness of the Russian Financial Market and Analysis of Measures for Its Improvement |
| Keywords: | The paper deals with the global competitiveness of national financial markets (financial centers), its comprehensive evaluation in relation to Russia. Studied measures to improve global competitiveness, implemented competitors Russia, formulated proposals for the modernization of the Russian state policy in the financial market. |
| Date: | 2016–06–16 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:1664&r=cse |
| By: | Peter N. Gal; Alexander Hijzen |
| Abstract: | This paper analyzes the effects of product market reforms in the short and medium term across 10 regulated industries and 18 advanced economies for the period 1998-2013 using internationally comparable firm-level data based on Orbis. It provides four key insights. First, product market reforms have positive effects on capital, output and employment and their effects increase over time. After two years, they raise capital by 4%, output by 3% and employment by 1.5%. Second, differences in production technology and the nature of product market regulations across sectors generate important differences in the mechanisms through which reforms operate. In network industries, reforms tend to benefit small firms, while the opposite is observed in retail trade. Product market reforms also promote firm entry, particularly those that reduce entry barriers. Third, credit constraints can play an important role in weakening the positive impact of product market reform on investment. Fourth, product market reforms also tend to have positive effects on firms in downstream sectors—both at home and abroad—that make intensive use of intermediate inputs from deregulated sectors. |
| Keywords: | Industry;Manufacturing;Services;Markets;Fiscal reforms;Developed countries;Economic sectors;Business enterprises;Cross country analysis;Econometric models;structural reform, competition, credit constraints, firm entry, Orbis |
| Date: | 2016–06–10 |
| URL: | http://d.repec.org/n?u=RePEc:imf:imfwpa:16/116&r=cse |
| By: | Koen Frenken |
| Abstract: | It is argued that innovation policy based on notions of market failure or system failure is too limited in the context of current societal challenges. I propose a third, complexity-theoretic approach. This approach starts from the observation that most innovations are related to existing activities, and that policy’s additionality is highest for unrelated diversification. To trigger unrelated diversification into activities that contribute to solving societal challenges, government’s main task is to organize the process of demand articulation. This process leads to clear and manageable societal objectives that effectively guide a temporary collation of actors to develop solutions bottom-up. The combination of a broad coalition, a clear objective and tentative governance are the means to cope with the inherent complexity of modern-day innovation. |
| Date: | 2016–08 |
| URL: | http://d.repec.org/n?u=RePEc:egu:wpaper:1619&r=cse |
| By: | Ugur, Mehmet; Awaworyi, Sefa; Solomon, Edna |
| Abstract: | The effect of technological innovation on employment is of major concern for workers and their unions, policy-makers and academic researchers. We aim to provide a quantitative synthesis of the evidence base and the extent of heterogeneity therein. Analysing 567 estimates from 35 primary studies that estimate a derived labour demand model we report the following findings: (i) the effect on employment is positive but small and highly heterogeneous; (ii) publication selection bias reflects a tendency to support the twin hypotheses that process innovation is associated with job destruction whereas product innovation is associated with job creation; (iii) the effects of process and product innovations do not conform to theoretical predictions or narrative review findings after selection bias is controlled for; (iv) only a small part of the residual heterogeneity is explained by moderating factors; (v) country-specific effect-size estimates are related to labour-market and product-market regulation in six OECD countries in a U-shaped fashion; and (vi) OLS estimates reflect upward bias whereas those based on time-differenced or within estimators reflect a downward bias. Our findings bridge the evidence gap in the research field and point out to data quality and modeling issues that should be considered in future research. |
| Keywords: | Innovation, employment, technological change, labour demand, meta-analysis |
| JEL: | C49 C80 J23 O30 O33 |
| Date: | 2016–07–06 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:73557&r=cse |