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on Economics of Strategic Management |
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Issue of 2017‒09‒24
eighteen papers chosen by João José de Matos Ferreira Universidade da Beira Interior |
| By: | Schnitzer, Monika (LMU München); Watzinger, Martin (LMU München) |
| Abstract: | We provide the first measurement of knowledge spillovers from venture capital-financed companies onto the patenting activities of other companies. On average, these spillovers are nine times larger than those generated by the R&D investment of established companies. Spillover effects are larger in complex product industries than in discrete product industries. Start-ups with experienced inventors holding a patent at the time of receiving the first round of investment produce the largest spillovers, indicating that venture capital fosters the commercialization of technologies. Methodologically, we contribute by developing a novel definition of the spillover pool, combining citation-based and technological proximity-based approaches. |
| Keywords: | venture capital, spillovers, innovation; |
| JEL: | G24 O30 O31 O32 |
| Date: | 2017–09–13 |
| URL: | http://d.repec.org/n?u=RePEc:rco:dpaper:46&r=cse |
| By: | Albert, Jose Ramon G.; Llanto, Gilberto M.; Serafica, Ramonette B.; Vizmanos, Jana Flor V.; Bairan, Jose Carlos Alexis C.; Quimba, Francis Mark A. |
| Abstract: | Innovation involves implementing new or significantly improved goods and services, production processes, marketing, or organizational methods for adding value. The measurement of innovation provides a mechanism for benchmarking national performance, and for examining innovation and its relation to economic growth. Further, examining determinants and bottlenecks to innovation among firms provides inputs to mainstreaming of policies on innovation. This paper describes and discusses the results of the 2015 Survey of Innovation Activities, conducted by the Philippine Institute for Development Studies. Survey results suggest that less than half of the firms in the country are innovators, with larger-sized firms innovating more than micro, small, and medium establishments. Government needs to have a champion for developing stronger policies and interventions to support and encourage innovation. It is also important to improve information dissemination on public programs available to assist firms in innovating. Networking, linkages, and collaboration among the government, industry associations, and universities and research institutions also require further enhancement. |
| Keywords: | Philippines, micro, small, and medium enterprises, innovation, process innovation, product innovation, organizational innovation, marketing innovation, MSMEs |
| Date: | 2017 |
| URL: | http://d.repec.org/n?u=RePEc:phd:dpaper:dp_2017-28&r=cse |
| By: | Laure-Anne Parpaleix (CGS i3 - Centre de Gestion Scientifique i3 - MINES ParisTech - École nationale supérieure des mines de Paris - PSL - PSL Research University - CNRS - Centre National de la Recherche Scientifique) |
| Abstract: | In recent years, economic growth has turned into a key challenge for both public politics and private actors thus leading to extensive discussions about growth determinants. Innovation early stood out as one of the main growth driver. Nevertheless, despite of prolific empirical economic studies, correlation tests between innovation and growth remains inconclusive. Based on recent management researches findings, my research aims at investigating new factors to explain these empirical discrepancies as well as the link between investment and innovation policies. It will be conducted in partnership with Bpifrance, a state-owned organism backing national public policies by assisting companies through different types of investments. Bpifrance provide an appropriate field of research as its main mission is to ensure firms forthcoming competitiveness through investment, growth and innovation. Beyond a better understanding of the growth trajectories, I expect to develop new management devices for investors such as Bpifrance, whose aim is to identify how to better contribute to the firms' and the national economic growth. My research focuses on middle market companies, a single category hiding a large diversity of innovation and growth patterns. As the focus on middle market companies is fairly new, little is known about their specific innovative capabilities and growth potential, thus making it hard for public actors to tailor appropriate policies. Both theoretical and managerial findings are expected among which a better understanding of the determinants of growth and the role of innovation capabilities in firms' growth trajectories; original growth and investments models with parameters linked to the description of innovation capabilities; and devices to steer the adjusted investment strategies. |
| Keywords: | innovation management,economic growth,capital investment |
| Date: | 2016–05–30 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-01499024&r=cse |
| By: | Latukha, M.; Veselova, A.; Selivanovskikh, L.; Artukh, E.; Mitskevich, E. |
| Abstract: | This work aims to provide an overview of new perspectives of talent management research linked to investigation of the relationship between talent management (TM) practices, absorptive capacity (AC), and a firm’s performance. We review the current theories in TM and provide the understanding of AC through TM lens. We discuss emerging market context as a setting for our study whereas Brazilian, Russian, Indian and Chinese firms will be analyzed to provide the link between TM and AC. |
| Keywords: | absorptive capacity, talent management, firm’s performance, Brazil, Russia, India, China, |
| Date: | 2016 |
| URL: | http://d.repec.org/n?u=RePEc:sps:wpaper:6442&r=cse |
| By: | Zavyalova, E.K.; Kucherov, D.G.; Kosheleva, S.V.; Fisyuk, R.R.; Tsybova, V.S.; Alsufyev, A.I. |
| Abstract: | The main goal of the present research is to identify the specific features of human resource management in successful European multinational enterprises during the economic crisis. In this study the differences in human resource management among European multinational enterprises depending on their performance during the economic crisis were analyzed. In addition, the relationship between human resource management characteristics and performance of multinational enterprises in the crisis period were studied. The results of the study revealed the specific features of human resource management in the most successful multinational enterprises during the economic crisis. |
| Keywords: | human resource management, performance, multinational enterprise, economic crisis, |
| Date: | 2016 |
| URL: | http://d.repec.org/n?u=RePEc:sps:wpaper:6435&r=cse |
| By: | Pasquale Pavone; Margherita Russo |
| Abstract: | The wide literature exploring supply chains is polarized on two perspectives: micro analyses focusing on management strategies of companies, and macro assessment of cross-country interdependences. In order to explore the ongoing innovation paths, this paper adopts a third perspective on the supply chain, focusing on the internal structure of specializations within the automotive supply chain in Italy. If we compare the degree of fragmentation across global value chains, the automotive supply chain has the highest degree of fragmentation. With regard to Italy, its structural characteristics (number, size of companies, location) and dynamics of change deserve attention both for its large share in domestic production and for its interconnections with other supply chains. In this paper, we explore a strategy to identify a classification of specializations within the automotive supply chain grounded on the textual description of activities provided by companies when they register their business. Pending the acquisition of the database for the other years of the Observatory, in this work the analysis refers only to 2017 data. |
| Keywords: | automotive supply chains, industrial specialization, fragmentation, textual analysis, regional analysis, similarity analysis, IRaMuTeQ, Taltac2 |
| JEL: | L62 R12 Z13 |
| Date: | 2017–08 |
| URL: | http://d.repec.org/n?u=RePEc:mod:cappmo:0157&r=cse |
| By: | Karen Geurts; Jo Van Biesebroeck |
| Abstract: | We use a comprehensive sample of takeovers in Belgium to show that they are remarkably common and an important part of many firms’ growth process. They affect both small and large firms and, over a five-year period, 17 percent of private employment. We estimate the impact of takeovers on employment growth of the merged entity using an empirical framework that explicitly takes into account that mergers are formed by pairs of firms. It allows for post-merger employment outcomes that are heterogeneous and determined jointly by the characteristics of both partners. The average merger is estimated to reduce employment by 8% over a four-year period, but the contraction can be three times as large for some types of mergers, while employment expands for other types. |
| Date: | 2017–08 |
| URL: | http://d.repec.org/n?u=RePEc:ete:ceswps:590697&r=cse |
| By: | Marek Dabrowski |
| Abstract: | The recent wave of financial innovation, particularly innovation related to the application of information and communication technologies, poses a serious challenge to the financial industry’s business model in both its banking and non-banking components. It has already revolutionised financial services and, most likely, will continue to do so in the future. If not responded to adequately and timely by regulators, it may create new risks to financial stability, as occurred before the global financial crisis of 2007-2009. However, financial innovation will not seriously affect the process of monetary policymaking and is unlikely to undermine the ability of central banks to perform their price stability mission. The recent wave of financial innovation, particularly innovation related to the application of information and communication technologies, poses a serious challenge to the financial industry’s business model in both its banking and non-banking components. It has already revolutionised financial services and, most likely, will continue to do so in the future. If not responded to adequately and timely by regulators, it may create new risks to financial stability, as occurred before the global financial crisis of 2007-2009. However, financial innovation will not seriously affect the process of monetary policymaking and is unlikely to undermine the ability of central banks to perform their price stability mission. |
| Keywords: | monetary policy, financial innovation, electronic money |
| JEL: | E41 E44 E51 E52 E58 G21 |
| Date: | 2017–07 |
| URL: | http://d.repec.org/n?u=RePEc:sec:cnstan:0488&r=cse |
| By: | Aleksandrova, E.; Verkhovskaya, O. |
| Abstract: | This preprint is the second part of the Necessity-driven Entrepreneurship: a cross-country Analysis project. This paper takes institutional environment’s perspective on entrepreneurship in general, on necessity-driven entrepreneurship in particular, therefore incorporating its multidimensional nature and enabling more detailed understanding of interaction between entrepreneurial motivation and institutional arrangements. The main content of this research determines the significant factors in the regulatory, normative, and cognitive pillars of the institutional environment. Using the databases of World Bank, the International Labour Organization, the Global Entrepreneurship Monitor survey, the Doing Business, and the World Economic Forum the set of the variables of the institutional environment was defined. These data are from 2009 to 2014, and range across 70 countries. Our research shows that different institutional factors influence the total level of entrepreneurial activity and motivation structure differently. |
| Keywords: | necessity-driven entrepreneurship, institutional environment, Global Entrepreneurship Monitor survey (GEM), |
| Date: | 2016 |
| URL: | http://d.repec.org/n?u=RePEc:sps:wpaper:6436&r=cse |
| By: | Ogawa, Tetsuji; Yuhashi, Hiroyasu; Nishigaki, Masakatsu |
| Abstract: | Social businesses that solve local social problems using business methods have gained attention lately. Using information and communication technology (ICT) to solve social problems is expected to create social innovation that is compatible with social missions and business feasibility; however, the mechanism has not been clarified. In this research, a successful social business is analyzed with a focus on ICT and social capital, and attempts are made to define the mechanism of social innovation. The case of a direct sales store at a local roadside station was used to conduct a business model analysis using interviews to collect data. As a mechanism of social innovation, social capital has smoothly introduced ICT and strategic change, and the introduction of ICT changed the business model from a horizontal division type to a vertical integration type. |
| Keywords: | Social Innovation,Business Model,Social Capital |
| Date: | 2017 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:itsp17:168527&r=cse |
| By: | Su, Yaqin; Tesfazion, Petros; Zhao, Zhong |
| Abstract: | Using a representative sample of rural migrants in cities, this paper investigates where the migrants in urban China come from, paying close attention to intra-provincial vs. inter-provincial migrants, and examining the differences in their personal attributes. We find that migrants who have come within the province differ significantly from those who have come from outside of the province. Using a nested logit model, we find that overall, higher wage differentials, larger population size, higher GDP per capita, and faster employment growth rate are the attributes of a city that attract migrants from both within and outside province. In addition, moving beyond one’s home province has a strong deterrent effect on migration, analogous to the “border effect” identified in international migration studies. We also explore the role of culture, institutional barrier, and dialect in explaining such a pronounced “border effect”. |
| Keywords: | Rural-urban migration,Inter- vs. intra-provincial migration,Border effect,China |
| JEL: | J62 O15 |
| Date: | 2017 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:glodps:120&r=cse |
| By: | Pakhomova, L. |
| Abstract: | These days an ability of a company to achieve operational excellence in multiple priorities is considered by researchers and practitioners as a source of company’s competitive advantage. However, the current state of knowledge does not have a consensus on how competitive priorities emphasis can be achieved. This paper is devoted to the literature review analysis on the topic of competitive priorities and their role in operations strategy and business performance. The analysis was based on the articles published in top-tier journals in Operations and Technology Management field during 1969-2015. On the basis of this analysis, the current state of competitive priorities concept in Operations and Technology Management has been described and suggestions for future research have been developed. |
| Keywords: | competitive priorities, operations strategy, literature review, innovation, |
| Date: | 2016 |
| URL: | http://d.repec.org/n?u=RePEc:sps:wpaper:6448&r=cse |
| By: | Marie-Laure Cabon-Dhersin (CREAM - Centre de Recherche en Economie Appliquée à la Mondialisation - Université de Rouen); Romain Gibert (CREAM - Centre de Recherche en Economie Appliquée à la Mondialisation - Université de Rouen) |
| Abstract: | This article compares two research funding policies in a cooperative or non-cooperative R&D setting: subsidising private research (Spr) and subsidising public research (Spu). We show that the Spr policy induces better performance than the Spu approach in terms of overall net surplus whether firms cooperate or not in R&D. Nevertheless, subsidising public research leads to greater R&D investment overall provided that the knowledge externalities from the public to the private research sector are not too high. The Spu policy is more effective in terms of research efforts when firms cooperate and subsidies are low. |
| Keywords: | R&D spillovers, Knowledge public externalities,R&D Cooperation, Subsidies, Public policy |
| Date: | 2017–09–13 |
| URL: | http://d.repec.org/n?u=RePEc:hal:wpaper:hal-01587014&r=cse |
| By: | Shirokova, G.; Ivvonen, L. |
| Abstract: | This study examines how components of strategic entrepreneurship (exploration and exploitation) relate to Russian SMEs performance during the economic crisis and to what extent combinations of firm resources determine these relationships. In order to address these issues we surveyed 651 Russian private SMEs. Our results show that during the economic crisis exploitation is positively associated with SME’s performance. However, we found positive association of exploration with SME’s performance during the economic crisis instead of negative association. Our results also indicate that relationship between exploration as well as exploitation and firm performance is dependent on different combinations of firm resources. |
| Keywords: | strategic entrepreneurship, exploration, exploitation, SME, sfirm performance, economic crisis, human capital, financial capital, Russia, |
| Date: | 2016 |
| URL: | http://d.repec.org/n?u=RePEc:sps:wpaper:6454&r=cse |
| By: | Sebastiano Patti |
| Abstract: | The Wine and Food Routes (WFRs) identify socio-territorial entities, which involve many private and public actors. This paper will take into consideration just wineries and local counties. The purpose is to suggest WFR as a collective (trade)mark for wine tourism. This paper is theoretical and the methodology used concerns a game theoretical approach through which a sequential game of adhesion - exit model has been set-up. This work intends to show whether a WFR can be considered as a collective trademark to study the behavior of the wineries in evaluating to adhere or not to the WFR. The paper will also show that in some cases the adhesion to the WFR can appear to be too rigid for producers influencing in some way the good performance of the WFR itself. Further considerations should be taken regarding the relationship between the local stakeholders when WFR start functioning. The main finding is that the use of a collective trademark for wine tourism entrepreneurs is not always useful. The creation of a collective trademark can be efficient or not as well as the non creation of the mark. Its use can stimulate entrepreneurs to improve the quality of their goods and thus foster competition. The implications concern the fact that alliances among local players acting within WFR can generate improved quality of services, enhanced visibility and cross-marketing activities with other members and the involvement in local events. Furthermore, a strong relationship between entrepreneurs and public institutions in the short run should be a way to reinforce entrepreneurial co-operation and encourage further business development in the long run. The originality of this work regards the use of a game theoretical approach within the wine tourism sector. |
| JEL: | D R |
| Date: | 2017–04–26 |
| URL: | http://d.repec.org/n?u=RePEc:jmp:jm2017:ppa598&r=cse |
| By: | Laure-Anne Parpaleix (CGS i3 - Centre de Gestion Scientifique i3 - MINES ParisTech - École nationale supérieure des mines de Paris - PSL - PSL Research University - CNRS - Centre National de la Recherche Scientifique) |
| Abstract: | The search for levers to sustain economic growth, which is a key and topical challenge for public policy and private actors, has turned into an intensive research topic in both economy and management. Sustaining growth through investments remains at the heart of public policies insofar as growth is assumed to be correlated to economic drive notably through increased firms’ profit and employment rate. Therefore, search for a better understanding of growth determinants has been extensively discussed in numerous theoretical and empirical studies (Coad 2007). Throughout the continuous refinement in the economic models investigating the dynamics of investment for sustained growth, technological progress and, further, innovation have taken an increasing role. Overall, innovation stands out as one of the main growth driver (Ahlstrom 2010), a result that is thought to help steering the investment choices. Yet, the underlining processes linking investment to innovation on the one side, and innovation to growth on the other remain ill-understood. On the one hand, despite voluminous and diverse literature (Cameron 1998) produced by the study of innovation impact on economic growth, a precise relationship has yet to be unequivocally established (Demirel and Mazzucato 2009). Characterizing the relationship between firm innovativeness and growth raises the stake of identifying accurate and appropriate measurements for both growth and innovative activities. On the other hand, the classical thought that R&D spending is statistically linked to innovation, thus far roughly correlating the issue with the right amount of resources invested, has been repeatedly proven false over large sets of data. The absence of a mechanical impact of investment on innovative output, known as “the R&D paradox” (Le Masson, Weil et al. 2010), shows that beyond the initial financial inputs, appropriate design management and governance models seem necessary to support sustainable innovative activities. A wide range of researches in the field of innovation management has built on this perspective to offer refined patterns of innovative activities process. However, their impact on firms’ growth dynamics has not been pinpointed. Because of this failure in understanding growth drivers, investors lack of managing strategies allowing them to guide their investing policies. Thus, my researches aim at describing new growth dynamics in order to shape investment guiding tools. |
| Keywords: | innovation management,private equity,economic growth |
| Date: | 2016–06–11 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-01496274&r=cse |
| By: | Jové Llopis, Elisenda; Segarra Blasco, Agustí, 1958- |
| Abstract: | The drivers for the adoption of an eco-innovation strategy have been widely explored in the recent literature but, to date, most of these studies have been carried out on manufacturing industries. Hence, this paper investigates the similarities and differences between service and manufacturing firms, distinguishing between the high-tech and lowtech sectors. Using panel data of 4,535 Spanish firms for the period 2008—2014, we specify a dynamic probit model with sample selection. In line with other contributions in the literature, our results confirm the importance of regulatory stimulus to eco-innovation, mainly in form of demand-pull and, especially, in terms of demand push (subsidies) for sectors with low technology intensities. Institutional sources of information seem to be a more important driver for services firms with high technology intensity, whereas manufacturing firms rely more on internal or other sources of information. Furthermore, we find that eco-innovation is highly persistent at the firm level in both sectors and at both technology intensities. Hence, past eco-innovation behaviour is clearly more decisive in explaining the current state of eco-innovation orientation. Keywords: eco-innovation strategy, environmental innovation, service sector, manufacturing sector, green strategy, Spain. JEL Classification Numbers: O31. Q55 |
| Keywords: | Planificació estratègica -- Aspectes ambientals, Innovacions tecnològiques -- Aspectes ambientals, Sector terciari, 33 - Economia, |
| Date: | 2017 |
| URL: | http://d.repec.org/n?u=RePEc:urv:wpaper:2072/292434&r=cse |
| By: | Yoo, Bosul; Katsumata, Sotaro; Ichikohji, Takeyasu |
| Abstract: | This study examines preceding factors of user innovation behavior using a case of smartphone applications toexamineindirect and direct effects of consumer attitude on user innovation. Specifically, this study focuses ontwo aspects of the user innovation evaluation:quality and quantity. Quality of user innovation in particular has the potentialtocontribute tothe profitability of firms thatprovide social mediaor other community services.This study proposes a structural model to examine the relationship between thesetwo user innovation aspects and preceding attitude factors, involvement, consumer knowledge,and customer orientation.The empirical analysisis based ona consumer survey to examine commonalitiesand differences in two countries: Japan and China. In each country, two services are chosen asrepresentative cases of the user-generated content business modelto measure user innovation behaviors based on the two aspectsmentioned.Byclarifying the preceding factors of user innovation behavior, this study hasimplications for new business models and future innovation research. |
| Keywords: | User Innovation,Smartphone Applications,UGC (User-Generated Content),Customer Orientation |
| JEL: | M31 M15 O30 |
| Date: | 2017 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:itsp17:168553&r=cse |