nep-cse New Economics Papers
on Economics of Strategic Management
Issue of 2018‒04‒23
thirteen papers chosen by
João José de Matos Ferreira
Universidade da Beira Interior

  1. Disposal strategies in corporate real estate portfolios By Sander Rovers; Hilde Remøy; Ilir Nase
  2. Review of Empirical Studies of Factors of Entrepreneurial Activity By Barinova, Vera; Zemtsov, Stepan; Tsareva, Yulia
  3. Self Confidence Spillovers and Motivated Beliefs By Ritwik Banerjee; Nabanita Datta Gupta; Marie Claire Villeval
  4. Linking forms of inbound open innovation to a driver-based typology of environmental innovation: Evidence from French manufacturing firms By Jason Li-Ying; Caroline Mothe; Uyen Nguyen-Thi
  5. Spécificités des sources de connaissances pour l'innovation environnementale des PME By Amandine Pinget; Rachel Bocquet
  7. International Joint Ventures and Internal versus External Technology Transfer: Evidence from China By Jiang, Kun; Keller, Wolfgang; Qiu, Larry; Ridley, William
  8. RIO Country Report 2017: Portugal By Vitor Corado Simoes; Manuel Mira Godinho; Miguel Sanchez-Martinez
  9. Knowledge diffusion across regions and countries: evidence from patent citations By Wiljan van den Berge; Jonneke Bolhaar; Roel van Elk
  10. Strengthening partnerships between universities and SMEs within the open innovation framework By Jean-Charles Cadiou; Emmanuel Chené
  11. Internationalization of emerging market firms: the role of Domestic agglomerations in reducing liability of origin. By Sandeep S; Rajesh Srinivas Upadhyayula
  12. Strategic Planning in the Russian Federal Government: Implementation, Costs, and Conditions of Effectiveness By Andrey Klimenko; Alexander Kalgin
  13. Resource Misallocation in European Firms: The Role of Constraints, Firm Characteristics and Managerial Decisions By Yuriy Gorodnichenko; Debora Revoltella; Jan Svejnar; Christoph T. Weiss

  1. By: Sander Rovers; Hilde Remøy; Ilir Nase
    Abstract: Owners and managers of corporate real estate (CRE) are continuously facing the challenge of aligning their portfolio to rapidly changing organisational requirements. These changes pressure the decision-making process in order to reach the most efficient financial decisions. Times of innovation and change are associated with re-evaluation of the strategic fit of CRE to core business. This is followed by increased divestment of CRE through various disposal strategies. If parts of a corporation’s portfolio become obsolete, the necessity for interventions arises. There are different management interventions known for realigning corporate real estate with the core business that can add value to a firm. This paper aims to shed light on which interventions can be applied, and aims to answer the following research question: How can the decision-making in disposal strategies in corporate real estate (CRE) portfolios in the Dutch banking sector be improved?This study establishes a toolbox to guide and improve the decision-making in CRE disposal strategies through empirical evidence from the Dutch banking sector, which is characterised by a fast-changing context. This research uses a comparative case study approach to analyse, and compare the data obtained from desktop research and field studies. The desktop research comprises of a theoretical exploration of the concepts underlying the topic through literature review and document analysis. The fieldwork comprises 8 expert interviews with representatives of the selected organisations. The four case studies investigated in this paper represent a market share of approximately 90 per cent of the Dutch banking sector. Two expert interviews, one with CRE, acquisition and facilities managers, and the other with an executive board representative are conducted for each case.The preliminary results of this research indicate a strong relationship between the corporate organisation characteristics, legacy and strategy; the identified disposal drivers and the decision-making in CRE disposal strategies. The weighing of variables and order of steps within the execution of these strategies is largely dependent of the organisational goals and objectives, with the CRE strategy as the embodiment of these. The comparative case study also shows that limited size and the focus on a specific market segment can lead to the in-applicability of disposal strategies, decision-making processes, and theoretical CREM concepts.
    Keywords: case studies; CRE strategy; Decision Making; Disposal; Portfolio
    JEL: R3
    Date: 2017–07–01
  2. By: Barinova, Vera (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Zemtsov, Stepan (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Tsareva, Yulia (Russian Presidential Academy of National Economy and Public Administration (RANEPA))
    Abstract: Despite active support of small and medium-sized business, its development indicators in Russia lag far behind those in developed countries, including due to the peculiarities of the institutional environment. Therefore, it is important to study the factors that affect entrepreneurial activity. The main goal of this work was a detailed analysis and generalization of the relevant empirical studies. As a result, the influence of the following factors was revealed: individual characteristics of entrepreneurs, institutional conditions, human capital, accumulated wealth and agglomeration effects. The obtained results will make it possible to make informed decisions in the sphere of supporting small and medium-sized businesses.
    Date: 2018–03
  3. By: Ritwik Banerjee (Indian Institute of Management Bangalore and IZA); Nabanita Datta Gupta (Department of Economics and Business Economics, Aarhus University, Denmark); Marie Claire Villeval (University of Lyon)
    Abstract: Is success in a task used strategically by individuals to motivate their beliefs prior to taking action in a subsequent, unrelated, task? Also, is the distortion of beliefs reinforced for individuals who have lower status in society? Conducting an artefactual field experiment in India, we show that success when competing in a task increases the performers’ self-confidence and competitiveness in the subsequent task. We also find that such spillovers affect the self-confidence of low-status individuals more than that of high-status individuals. Receiving good news under Affirmative Action, however, boosts confidence across tasks regardless of the caste status.
    Keywords: Motivated beliefs, spillovers, self-confidence, competitiveness, Affirmative Action, experiment
    JEL: C91 J15 M52
    Date: 2018–04–09
  4. By: Jason Li-Ying (DTU - Technical University of Denmark [Lyngby]); Caroline Mothe (IREGE - Institut de Recherche en Gestion et en Economie - USMB [Université de Savoie] [Université de Chambéry] - Université Savoie Mont Blanc); Uyen Nguyen-Thi (LISER - Luxembourg Institute of Socio-Economic Research - Luxembourg Institute of Socio-Economic Research)
    Abstract: Environmental innovation research has not yet clarified how different forms of inbound innovation might exert effects. The current article proposes four driver-based EI types according to two main dimensions: compliance versus voluntary and own value capture versus customer value capture. With a problem-solving perspective, we develop links from different forms of inbound innovation to various types of EI and test the related hypotheses with two waves of the French Community Innovation Survey. On a short-term basis, R&D cooperation and technology acquisition correlate positively with all four types of EI, but over time, persistent R&D cooperation and technology acquisition are associated with EI only at the production stage, according to voluntary/strategic or compliance drivers. Inbound innovation enables quick responses to market demands for EI in the final use stage.
    Keywords: Environmental innovation,Inbound open innovation,R&D acquisition,R&D cooperation,Technology sourcing,Value creation and capture
    Date: 2017
  5. By: Amandine Pinget (IREGE - Institut de Recherche en Gestion et en Economie - USMB [Université de Savoie] [Université de Chambéry] - Université Savoie Mont Blanc); Rachel Bocquet (IREGE - Institut de Recherche en Gestion et en Economie - USMB [Université de Savoie] [Université de Chambéry] - Université Savoie Mont Blanc)
    Abstract: Anchored in a knowledge-based view, this research aims to highlight SMEs’ specificities related to knowledge sources for environmental innovations that remain understudied compared to technological innovations. Results show that knowledge sources, which are essential for environmental innovation of SMEs, differ from those used for technological innovations. SMEs introducing environmental innovation rely more on external than internal knowledge sources. This research leads to the formulation
    Abstract: Basada en la perspectiva knowledge-based, esta investigación se pretende destacar las especificidades de las fuentes de conocimientos que contribuyen al desarrollo de las innovaciones medioambientales, poco estudiadas, a diferencia de las innovaciones tecnológicas. Nuestros resultados demuestran que las fuentes de conocimientos fundamentales para las innovaciones medioambientales de las PYME difieren de aquellas movilizadas por las innovaciones tecnológicas. Las PYME que introducen innovaciones medioambientales recurren más a fuentes externas de conocimientos, que internas. Esta investigación nos conduce a formular varias recomendaciones a las PYME y a los actores a cargo de su desarrollo.
    Abstract: Ancrée dans la perspective knowledge-based, cette recherche vise à mettre en évidence les spécificités des sources de connaissances des PME pour les innovations environnementales qui restent peu étudiées comparativement aux innovations technologiques. Les résultats montrent que les sources de connaissances, essentielles pour les innovations environnementales des PME, diffèrent de celles mobilisées pour les innovations technologiques. Les PME qui introduisent des innovations environnementales font davantage appel aux sources externes qu'internes de connaissances. Cette recherche conduit à formuler des recommandations utiles aux PME et aux acteurs en charge de leur développement.
    Keywords: Environnemental innovation,Technological innovation,Knowledge sources,SMEs,innovación medioambiental,innovación tecnológica,fuentes de conociemento,PYME,Innovation environnementale,Innovation technologique,Sources de connaissances,PME
    Date: 2017
  6. By: Dora Abidi (Ph.D. Student, Graduate School of Economics, Osaka University)
    Abstract: During the last decade, the need and importance of soft skills are significantly increasing because of three main reasons. Firstly, the firm fs performance is highly associated to the firm f interaction with its external environment that involves customers and local stakeholders. Secondly, the workplace productivity is highly depending on the quality of relationship and communication among the employees. Thirdly, today fs environment is considered as a VUCA (Volatile, Uncertain, Complex and Ambiguous) situation and represents serious challenge. Thus, firms should create people oriented skills such as problem solving and communication. In addition, decisions makers should develop an accurate response when they meet the unexpected. They could be the employees from upper to mid-level position employees. Drawing on these critical conclusions, this study aims at providing empirical evidence on the positive impact of employees f soft skills on firm fs capabilities in terms of innovation performance, firm fs knowledge, explorative and exploitative behavior and strategic flexibility. The survey was conducted with 67 firms based in Tunisia, which is one of the leading emerging countries in the MENA region that has recently faced social and economic changes. Our results concur with the employer survey and explain the reason why employers are increasingly looking for these skills in their employees.
    Keywords: Soft skills, innovativeness, VUCA, Tunisia
    JEL: M12
    Date: 2018–03
  7. By: Jiang, Kun; Keller, Wolfgang; Qiu, Larry; Ridley, William
    Abstract: This paper studies international joint ventures, where foreign direct investment is performed by a foreign and a domestic firm that together set up a new firm, the joint venture. Employing administrative data on all international joint ventures in China from 1998 to 2007-roughly a quarter of all international joint ventures in the world-we find, first, that Chinese firms chosen to be partners of foreign investors tend to be larger, more productive, and more likely subsidized than other Chinese firms. Second, there is substantial technology transfer both to the joint venture and to the Chinese joint venture partner, an external, intergenerational technology transfer effect that this paper introduces. Third, with technology spillovers typically outweighing negative competition effects, joint ventures generate on net positive externalities to other Chinese firms in the same industry. Joint venture externalities are large, perhaps twice the size of wholly-owned FDI spillovers, and it is R&D-intensive firms, including the joint ventures themselves, that benefit most from these externalities. Furthermore, the positive external joint venture effect is larger if the foreign firm is from the U.S. rather than from Japan or Hong Kong, Macau, and Taiwan, while this effect is virtually absent in broad sectors that include economic activities for which China's FDI policy has prohibited joint ventures.
    Keywords: competition effects; Foreign direct investment; international joint ventures; partner selection; technology spillovers
    JEL: F14 F23 O34
    Date: 2018–03
  8. By: Vitor Corado Simoes (ISEG, University of Lisbon); Manuel Mira Godinho (ISEG, University of Lisbon); Miguel Sanchez-Martinez (European Commission - JRC)
    Abstract: The R&I Observatory country report 2017 provides a brief analysis of the R&I system covering the economic context, main actors, funding trends & human resources, policies to address R&I challenges, and R&I in national and regional smart specialisation strategies. Data is from Eurostat, unless otherwise referenced and is correct as at January 2018. Data used from other international sources is also correct to that date. The report provides a state-of-play and analysis of the national level R&I system and its challenges, to support the European Semester.
    Keywords: Research and Innovation, Portugal, Innovation System
    Date: 2018–03
  9. By: Wiljan van den Berge (CPB Netherlands Bureau for Economic Policy Analysis); Jonneke Bolhaar (CPB Netherlands Bureau for Economic Policy Analysis); Roel van Elk (CPB Netherlands Bureau for Economic Policy Analysis)
    Abstract: We study knowledge spillovers from European universities and other research organizations using data from patent citations at the EPO. Using matching techniques to construct a sample of control patents, we show that the probability to cite a university patent declines with distance. In particular, we fi nd a sharp cut-o ff at around 25 kilometers. For longer distances the probability to cite a university patent is more or less constant. For other research organizations we find no evidence that distance plays a role. Country borders are shown to play an important role in restricting the diff usion of patents of both universities and other research organizations. These results are in line with recent literature for the U.S. and suggest that knowledge spillovers and tacit knowledge are important when using knowledge embodied in university patents.
    JEL: O33 O34 I23
    Date: 2017–04
  10. By: Jean-Charles Cadiou (LS2N - Laboratoire des Sciences du Numérique de Nantes - UN - Université de Nantes - ECN - École Centrale de Nantes - CNRS - Centre National de la Recherche Scientifique - IMT Atlantique - IMT Atlantique Bretagne-Pays de la Loire); Emmanuel Chené (LEMNA - Laboratoire d'économie et de management de Nantes Atlantique - UN - Université de Nantes)
    Abstract: Since about twenty years, the theme of the innovation marks the public's policies of the European Union. In this context, on one hand, universities are incited to value the result of their research; on other hand, SMEs are encouraged to strengthen their capacity to innovate. The common sense might suggest just that these two types of organizations just have to work together remove a mutual benefit from it. Unfortunately, relationships between academic and socioeconomic world are struggling to establish themselves and remain largely focused on large companies. Studies led on collaborations universities-SMEs or on technology transfer from University towards SMEs draw up balance sheets more than very reserved. This state of fact continues in spite of the various structures of intermediation set up by the public authorities since more than a dozen years. It is therefore urgent to consider new forms of organization. In this context, this article presents an original structuring of the valuation of the research in of a university in order to answer the question.
    Keywords: Open innovation,Organizational change,University and SMEs
    Date: 2017–04–11
  11. By: Sandeep S (Indian Institute of Management Kozhikode); Rajesh Srinivas Upadhyayula (Indian Institute of Management Kozhikode; Indian Institute of Management Kozhikode)
    Abstract: The extant literature in institutional theory has found liabilities of origin (LOR) costs such as (i) capability based and (ii) legitimacy based costs as the major cost disadvantages faced by emerging market multinationals (EMNEs) while undertaking internationalization. Studies have pointed out that the treatment of institutions in International business (IB) have considered institutions at a national level, ignoring the role of sub-national institutions. This is particularly important for EMNEs as the institutional development in their home countries are highly uneven. Further, the recent studies in economic geography have also criticized the treatment of location in extant IB literature. They have also argued that location in extant IB literature is treated synonymously with a country or a nation state, expunging the nuanced examination or differentiation of locational features. Hence we observe that the role of sub-national institutions such as domestic agglomerations in the internationalization of EMNEs is under-reported in the extant literature. In this paper we explain the role of sub-national institutions such as domestic agglomerations in reducing LOR cost disadvantages (capability and legitimacy based cost disadvantages) and facilitating the outward internationalization of EMNEs.
    Keywords: institutional theory, liabilities of origin, emerging market multinationals
    Date: 2018–03
  12. By: Andrey Klimenko (National Research University Higher School of Economics); Alexander Kalgin (National Research University Higher School of Economics)
    Abstract: A vital aspect of improving governance involves spearheading its strategic dimension and making current policy activities more closely aligned with the goals and objectives of sustainable growth. At the same time, implementation of strategic management is associated with considerable costs for the drafting, cross-cutting coordination and monitoring of strategic planning documents. These costs are often not taken into account. This article aims at showing that the costs of developing strategic plans can be significant. This is confirmed by survey data that allowed for estimating costs of drafting strategic planning documents in Russia
    Keywords: Strategic planning, governance, institutional changes, administrative cost, accountability, incentives, stakeholder’s involvement.
    JEL: D73 H83
    Date: 2018
  13. By: Yuriy Gorodnichenko; Debora Revoltella; Jan Svejnar; Christoph T. Weiss
    Abstract: Using a new survey, we show that the dispersion of marginal products across firms in the European Union is about twice as large as that in the United States. Reducing it to the US level would increase EU GDP by more than 30 percent. Alternatively, removing barriers between industries and countries would raise EU GDP by at least 25 percent. Firm characteristics, such as demographics, quality of inputs, utilization of resources, and dynamic adjustment of inputs, are predictors of the marginal products of capital and labor. We emphasize that some firm characteristics may reflect compensating differentials rather than constraints and the effect of constraints on the dispersion of marginal products may hence be smaller than has been assumed in the literature. We also show that cross-country differences in the dispersion of marginal products are more due to differences in how the business, institutional and policy environment translates firm characteristics into outcomes than to the differences in firm characteristics per se.
    JEL: D22 D24 O12 O47 O52
    Date: 2018–03

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