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on Economics of Strategic Management |
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Issue of 2017‒03‒26
fourteen papers chosen by João José de Matos Ferreira Universidade da Beira Interior |
| By: | Laurent Scaringella (ESC Rennes School of Business - ESC Rennes School of Business); Jean-Jacques Chanaron (CNRS (French National Center for Scientific Research) - UCBL - Université Claude Bernard Lyon 1, GEM - Grenoble Ecole de Management - Grenoble École de Management (GEM)) |
| Abstract: | Over the past decades, the EU heavily invested in Research Infrastructures (RI). What are the expected returns of such investments? In the present article we address the question of returns on public funds/public infrastructures. We consider the role of RI and universities from an economic, social, and entrepreneurial perspective from various Territorial Innovation Models (TIMs): Italian industrial districts, innovative milieus, regional innovation systems, new industrial spaces, and regional clusters. We conducted our empirical study on Grenoble Isère Alpes Nanotechnologies (GIANT), which is composed of large scientific instruments, universities, and engineering and management schools. Our microeconomic methodology measured the socioeconomic and entrepreneurial effects of GIANT with respect to budget, employment, and spin-off generation. We contribute to the existing body of knowledge on TIMs by comparing the long-term investments to the generation of wealth, the creation of employment, and the development of start-ups; adding new insights to the debate opposing positive and negative impacts empirical studies; and offering recommendations for the use of public resources. In our discussion, we compare the GIANT model as a very localized RI-university club to the Grenoble model as localized cluster. |
| Keywords: | Return on investment,Socioeconomic impact,Start-up,University,Research infrastructure,Territorial Innovation Models |
| Date: | 2016–05–26 |
| URL: | http://d.repec.org/n?u=RePEc:hal:gemptp:hal-01472878&r=cse |
| By: | Vidya Sukumara Panicker (Indian Institute of Management Kozhikode); Sumit Mitra (Indian Institute of Management Kozhikode); Rajesh Srinivas Upadhyayula (Indian Institute of Management Kozhikode) |
| Abstract: | Even while studies have explored the influence of institutional investors on strategic decisions of a firm, the interaction between a firm’s ownership and board has not been sufficiently explored in the literature. We argue that owing to the unique institutional context of an emerging economy, corporate governance characteristics of a firm such as promoter ownership and board characteristics would influence the interest of institutional investors on strategic decisions of a firm. We employ a large sample study to evaluate the influence of institutional investors on a single firm strategy- internationalization. We find that promoter ownership and the presence of an institutional nominee member on board of directors positively moderate the relation between institutional investors and internationalization whereas board independence is insignificant as a moderator. Our findings emphasize the influence of ownership and certain board characteristics on the preferences of institutional investors. |
| Keywords: | promoter ownership, board nominee, board independence, institutional investors, internationalization, |
| Date: | 2016–12 |
| URL: | http://d.repec.org/n?u=RePEc:iik:wpaper:209&r=cse |
| By: | Margherita Russo (University of Modena and Reggio Emilia); Annalisa Caloffi (University of Padua); Federica Rossi (Birkbeck College, University of London); Riccardo Righi (University of Modena and Reggio Emilia) |
| Date: | 2016–11 |
| URL: | http://d.repec.org/n?u=RePEc:img:wpaper:34&r=cse |
| By: | Helen Lawton Smith (Birkbeck, University of London. Oxfordshire Economic Observatory, Oxford University) |
| Date: | 2017–02 |
| URL: | http://d.repec.org/n?u=RePEc:img:wpaper:36&r=cse |
| By: | Luca Andriani (Department of Management, Birkbeck College University of London) |
| Abstract: | Institutional conformity might help explain regional credit market failures in Italy in terms of insolvency rate. A credit relation is subject to a certain degree of uncertainty about the credible commitment of the parties to fulfil the contractual obligations. We argue that conformity to informal institutions of reciprocal cooperation and trust can reduce this degree of uncertainty and, hence, contract breaches. We support our argument by conducting an empirical investigation where the regional density of industrial districts is used as indicator of institutional conformity. We find lower insolvency rate in regions with higher institutional conformity. Additionally, we find higher conformity to informal institutions in regions where the punishment system reacts quicker to non-compliant behaviours, suggesting a complementary relationship between conformity to informal institutions and lower cost of punishment. One of the advantages of this indicator consists in the possibility of addressing “Ostrom-type” policy recommendations to reduce regional credit market failures. |
| Date: | 2015–11 |
| URL: | http://d.repec.org/n?u=RePEc:img:manwps:11&r=cse |
| By: | Zoltan J. Acs; Pontus Braunerhjelm; Charlie Karlsson |
| Abstract: | Professor Philippe Aghion is the 2016 recipient of the Global Award for Entrepreneurship Research, consisting of 100,000 Euros and a statuette designed by the internationally renowned Swedish sculptor Carl Milles. He is one of the most influential researchers worldwide in economics in the last couple of decades. His research has advanced our understanding of the relationship between firm-level innovation, entry and exit on the one hand, and productivity and growth on the other. Aghion has thus accomplished to bridge theoretical macroeconomic growth models with a more complete and consistent microeconomic setting. He is one of the founding fathers of the pioneering and original contribution referred to as Schumpeterian growth theory. Philippe Aghion has not only contributed with more sophisticated theoretical models, but also provided empirical evidence regarding the importance of entrepreneurial endeavours for societal prosperity, thereby initiating a more nuanced policy discussion concerning the interdependencies between entrepreneurship, competition, wealth and growth. |
| Keywords: | global award; entrepreneurship; economic growth; innovation; firm entry; finance; regulation |
| JEL: | D02 D86 G30 L20 L50 O30 O40 |
| Date: | 2017–01 |
| URL: | http://d.repec.org/n?u=RePEc:ehl:lserod:69852&r=cse |
| By: | Belen Barroeta; Javier Gomez Prieto (European Commission - JRC); Jonatan Paton; Manuel Palazuelos Martinez (European Commission - JRC); Marcelino Cabrera Giraldez (European Commission - JRC) |
| Abstract: | The Smart Specialisation concept, currently implemented in the European Union, is being widely considered by several countries and regions of Latin-America. The interest towards this approach, highly based on the enhancement of regional innovation capacities, is motivating territorial dialogues, participatory processes and collective vision related to the innovation perspectives of Latin-American regions. This article highlights how policy makers of Mexico, Brazil, Colombia, Peru, Chile and Argentina are considering the smart specialisation concept as an inspirational driver of regional innovation and specialisation. Understanding the socio-economic and contextual differences between EU and Latin-America, this working paper does not seek to elaborate value judgements on the way in which smart specialisation is being (or should be) adapted beyond the EU. Instead, the analysis seeks to emphasise the common tendencies of the concept implementation as a way to frame cooperation between regions of the EU and Latin-America. |
| Keywords: | Smart Specialisation, Regional Innovation, Cooperation, European Union, Latin America |
| Date: | 2017–03 |
| URL: | http://d.repec.org/n?u=RePEc:ipt:iptwpa:jrc106043&r=cse |
| By: | Havas, Attila |
| Abstract: | This paper reviews recent economic theorising on innovation from the angle of analysing social innovations (SI). It is structured as follows: Some of the basic notions used in innovation analyses are considered in section 2, focusing on the subject, objectives and levels of change. Section 3 reviews how innovation is understood in particular models of innovation and analysed by various schools of economics highlighting the types of actors and knowledge perceived as relevant in these various approaches. The notion of innovation systems (national, regional, sectoral, and technological ones) and its analytical and policy relevance is explored in section 4. Lessons relevant for analysing social innovation are drawn at the end of each sub-section, and the most important of those are reiterated in the concluding section. |
| Keywords: | Types of business innovations; Innovation in mainstream economics; Evolutionary economics of innovation; Linear, networked, and interactive learning models of innovation; Types of dynamics; Innovation systems (national, regional, sectoral, technological); Social innovation; The "dark side" of innovation |
| JEL: | B52 O30 O31 O33 O35 O38 O39 |
| Date: | 2016–08 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:77385&r=cse |
| By: | Calogero Guccio (Department of Economics and Business, University of Catania); Anna Mignosa (Department of Economics and Business, University of Catania); Ilde Rizzo (Department of Economics and Business, University of Catania) |
| Abstract: | n Italy, public state libraries are multi-product organizations providing divisible services to the public and preserving ancient books of great historical relevance for future generations. So they may undertake different production activities for conservation and use, which together construct a network. This paper shows the importance of considering multi-process interactions in evaluating the overall performance of public state libraries and focuses on library operations and its sub-processes. It uses a network two-stage Data Envelopment Analysis (DEA) approach to examine the relationship between the libraries’ basic inputs, intermediate measures and final outputs. The main result is that Italian public state libraries generally perform better in the first stage of conservation, but score poorly in the second stage of use. Therefore, policy advices to improve the decision-making process are derived. |
| Keywords: | OR in service industries; libraries; cultural heritage; efficiency; network service model. |
| JEL: | D24 Z11 Z18 |
| Date: | 2017–03 |
| URL: | http://d.repec.org/n?u=RePEc:cue:wpaper:awp-04-2017&r=cse |
| By: | M.K. Nandakumar (Indian Institute of Management Kozhikode) |
| Abstract: | A large number of empirical studies have been conducted examining the impact of strategic planning on organisational performance. Many studies have suggested that this relationship is influenced by various factors like the type of industry, environment, CEO characteristics and organisational systems. However researchers have not been able to provide conclusive evidence about the effectiveness of strategic planning to enhance performance. In order to examine the current state of the literature and to summarise the findings from various empirical studies, a comprehensive literature review has been conducted by reviewing sixty eight papers published in leading academic journals. The framework followed by Podsakoff and Dalton (1987) was adapted to conduct the literature review. |
| URL: | http://d.repec.org/n?u=RePEc:iik:wpaper:152&r=cse |
| By: | Philippe Aghion |
| Abstract: | This lecture is the story of an intellectual journey, that of elaborating a new—Schumpeterian—theory of economic growth. A theory where (i) growth is generated by innovative entrepreneurs; (ii) entrepreneurial investments respond to incentives that are themselves shaped by economic policies and institutions; (iii) new innovations replace old technologies: in other words, growth involves creative destruction and therefore involves a permanent conflict between incumbents and new entrants. First, we motivate and then lay out the Schumpeterian paradigm and point to a set of empirical predictions which distinguish this paradigm from other growth models. Second, we raise four debates on which the Schumpeterian approach sheds new light: the middle income trap, secular stagnation, the recent rise in top income inequality, and firm dynamics. Third and last, we show how the paradigm can be used to think (or rethink) about growth policy design. (This article is based on the author’s presentation at the Global Award for Entrepreneurship Research ceremony in Stockholm, Sweden, May 10, 2016.) |
| Keywords: | entrepreneurship; creative destruction; R&D; entry; exit; competition; technology frontier; firm dynamics |
| JEL: | O10 O11 O12 O30 O31 O33 O4 O47 |
| Date: | 2017–01 |
| URL: | http://d.repec.org/n?u=RePEc:ehl:lserod:69824&r=cse |
| By: | Ikuo Kuroiwa (Institute of Developing Economies Japan External Trade Organization(IDE-JETRO)); Kriengkrai Techakanont (Thammasat University, Thailand) |
| Abstract: | The development of the local supplier base and the formation of industrial clusters are important for industries, especially the automotive industry. This study focuses on local supplier development and the formation of automotive clusters in Thailand. Using the Thailand Automotive Industry Directory 2014, the study investigates the type of parts produced by the respective suppliers, as well as the geographical distribution of suppliers in the automotive clusters. The study finds that the number of firms producing each type of parts is different, depending on the ownership structure. Also, the location of automotive establishments has changed over time, reflecting the changes in location advantages of the respective regions as well as government policy. |
| Keywords: | Automotive industry, industrial cluster, Location of firms |
| JEL: | L62 O53 R12 |
| Date: | 2017–02 |
| URL: | http://d.repec.org/n?u=RePEc:era:wpaper:dp-2016-32&r=cse |
| By: | Mitsutoshi Hirano (Graduate School of Business Administration, Kobe University); Atsushi Yogo (Graduate School of Humanities and Social Sciences, Okayama University) |
| Abstract: | This study investigates the crossover effect of work-life balance (WLB) in the relationship between the management of small and medium-sized enterprises (SMEs) and their employees. SMEs are smaller in scale and have fewer employees than large enterprises, resulting in a close relationship between management and employees. In SMEs, it is easier for employees to observe the daily behavior of the management. Therefore, if management's WLB satisfaction is high, the positive attitude of the management will be transmitted to the employees, and it is thought that this will improve employee WLB satisfaction and motivation. In this study, business managers (90 people) in Osaka Prefecture and the matched data of employees (1,054 people) were used for analysis. The results showed that the management's WLB satisfaction level had an influence on the degree of work engagement of both male and female employees. However, a crossover effect between management and employees' WLB satisfaction while observed in men, was not observed in women. It is suggested that the fixed ideas and paternalism of male management toward female employees may work to suppress the crossover effect on women. |
| Keywords: | work-life balance (WLB); spillover effect; crossover effect; work engagement; small and medium-sized enterprises (SMEs) |
| Date: | 2017–03 |
| URL: | http://d.repec.org/n?u=RePEc:kbb:dpaper:2017-04&r=cse |
| By: | Ali Fakih; Pascal L. Ghazalian (University of Lethbridge) |
| Abstract: | The Middle East and North Africa (MENA) region has realized significant advances toward improving women’s well-being and social status over the last few decades. However, women’s employment rate in the MENA region remains one of the lowest in the world. This paper examines the implications of firm-related and national factors for female employment rates in manufacturing firms located in the MENA region. The empirical analysis is implemented for firm-level data derived from the World Bank’s Enterprise Surveys database. It uses fractional logit and alternative models to carry out the estimations for female overall employment rates and for female non-production employment rates. The results reveal significant implications of firm-related factors, such as private foreign ownership, exporting activities, firm size, and labor composition for female employment rates. They also show that national factors, such as economic development and gender equality, promote female employment rates. There are considerable differences between the estimated marginal effects for female overall employment rates and those for female non-production employment rates. This paper provides policy-makers with important directions to design strategies aiming at enhancing women’s economic opportunities and employment rates. |
| Date: | 2015–05 |
| URL: | http://d.repec.org/n?u=RePEc:erg:wpaper:917&r=cse |