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on Economics of Strategic Management |
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Issue of 2018‒07‒16
nine papers chosen by João José de Matos Ferreira Universidade da Beira Interior |
| By: | Elena Grinza; Francesco Quatraro |
| Abstract: | In this paper, we explore the impact of a firm's workers' replacements on innovation performance, by using rich matched employer-employee panel data for the Veneto region of Italy. We take the well-known resource-based theory of the firm as our departure point, and develop a set of hypotheses which we test empirically with negative binomial regressions. Coherently with our theoretical framework, we find that workers' replacements significantly dampen innovation performance, because they generate losses in the tacit knowledge base of the firm. We also nd that workers' replacements are especially detrimental to large and young rms, because large companies have more hierarchical rigidities and innovative capabilities in young rms are mostly dependent on specific human capital. Finally, our results show that firms' localization in industrial districts significantly mitigates the negative impact of workers' replacements, and that a similar picture emerges when firms are more exposed to knowledge spillovers, particularly of related knowledge. |
| Keywords: | Workers' replacements, excess worker turnover, innovation performance, tacit knowledge, knowledge spillovers, employer-employee matched longitudinal data. |
| JEL: | J63 O30 |
| Date: | 2018 |
| URL: | http://d.repec.org/n?u=RePEc:cca:wpaper:550&r=cse |
| By: | Petros Gkotsis (European Commission - JRC); Antonio Vezzani (European Commission - JRC) |
| Abstract: | In this work, we develop and apply a methodology to estimate technology-specific R&D investments at firm level and then use these to test some arguments that have become central in the innovation literature. In particular, we first combine R&D investments with patent data of the world top R&D investors worldwide and show that investment per patent varies greatly both across technologies and across firms developing the same technology. We then use the estimated firm-technology R&D investments to assess how these are related to the international and technological strategies of firms. The estimation strategy makes use of a multilevel framework that allows us to model heterogeneity both at the firm and industry level. In particular, we show that specific firms strategies requires different level of investments and that sector specificities matter in determining R&D per patent investments, economies of scale in knowledge production, and the cost of (further) specialization. Accounting for (un)observed heterogeneity may lead to better policy design and management decisions. |
| Keywords: | patents, R&D, technology, cost, heterogeneity, internationalization |
| Date: | 2018–06 |
| URL: | http://d.repec.org/n?u=RePEc:ipt:wpaper:201804&r=cse |
| By: | Antoine Goujard; Pierre Guérin |
| Abstract: | Poland’s productivity has grown strongly over the past two decades. However, the public and private capital stock is weak, and investment remains focused on the adoption of existing technologies, which weighs on future productivity gains and innovation. Many micro enterprises have low productivity, and structural bottlenecks reduce start-ups' growth and their chances of survival. The EU and the government are stepping up funding for business research and development, collaboration with the public sector, entrepreneurship and innovation. This is an opportunity to improve the management of public business support, and the large new programmes should be carefully discussed with stakeholders and regularly evaluated to avoid the risks of subsidising low-productivity firms and to strengthen the take up from the most productive small and medium-sized enterprises. The sustainability of this ambitious package of measures will also require significant public revenues and promoting alternative market-based financing instruments will be critical over the medium term. Ongoing improvements in insolvency procedures and efforts to reduce the regulatory burden are set to ease reallocation of resources through the economy. However, the level of state involvement would remain important, and ensuring the independence of the network industry regulators and the Competition Authority and a level playing field between alternative technologies, as well as easing labour mobility would be good moves. |
| Keywords: | business environment, financial markets, financing, innovation, investment, Poland |
| JEL: | E22 G24 O16 O38 O44 O47 |
| Date: | 2018–06–29 |
| URL: | http://d.repec.org/n?u=RePEc:oec:ecoaaa:1480-en&r=cse |
| By: | Jurgita Raudeliūnienė (Vilnius Gediminas Technical University); Vida Davidavičienė (Vilnius Gediminas Technical University); Artūras Jakubavičius (Vilnius Gediminas Technical University) |
| Abstract: | In the context of globalization and transformations, the knowledge potential management is an effective tool for increasing the effectiveness of organizations. The aim of the research is to study the procedural approach to the organization knowledge potential management, to distinguish the main knowledge management processes and to present suggestions on how to improve the knowledge management process model. The organization's knowledge potential in this study is defined, as the organization's resources and market opportunities, generating its knowledge potential, complexity and effective management of which create prerequisites for meeting the changing individual user needs, creating reciprocal value, uniqueness and leadership in the global marketplace. The conceptual knowledge management process model has been improved, based on the research. The first step in the model is the choice of a knowledge strategy, covering aspects of the formation and selection of strategic decision-making in knowledge potential management. The choice of an appropriate knowledge strategy brings to its implementation through a process of knowledge management cycle, consisting of knowledge acquisition, sharing, development, preservation and application of it. The knowledge management process model is completed with an evaluation of the knowledge strategy implementation. |
| Keywords: | procedural approach,knowledge management,organization knowledge potential,knowledge management processes |
| Date: | 2018–03–30 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-01773979&r=cse |
| By: | Gürtzgen, Nicole (Institute for Employment Research (IAB), Nuremberg); Nolte, André (ZEW Mannheim); Pohlan, Laura (University of Mannheim); van den Berg, Gerard J. (University of Bristol) |
| Abstract: | This paper studies effects of the introduction of a new digital mass medium on reemployment of unemployed job seekers. We combine data on high-speed (broadband) internet availability at the local level with individual register data on the unemployed in Germany. We address endogeneity by exploiting technological peculiarities in the network that affected the roll-out of high-speed internet. The results show that high-speed internet improves reemployment rates after the first months of the unemployment spell. This is confirmed by complementary analysis with individual survey data suggesting that online job search leads to additional formal job interviews after a few months in unemployment. |
| Keywords: | unemployment, online job search, information frictions, matching technology, search channels |
| JEL: | J64 K42 H40 L96 C26 |
| Date: | 2018–05 |
| URL: | http://d.repec.org/n?u=RePEc:iza:izadps:dp11555&r=cse |
| By: | Hamza El Guili (University of Abdelmalek Essasdi, Morocco) |
| Abstract: | The acceptance and recognition of born global firms (BGs) as relevant and singular organizations across the world’s economy has been flourishing in the recent years. Born globals are commonly entrepreneurial and relatively young small and medium sized enterprises (SMEs), with limited resources. Although these restrictions and constraints, BGs initiate their internationalization process from early stages. Thus, they conduct their internationalization process more rapidly than traditional firms operating in domestic markets and using incremental processes. Nevertheless, theories on BGs are still not fully developed by researchers. Few studies have tried to advance theoretical reflections on born global firms and their internationalization. This paper examines how research on BGs internationalization has emerged and its development over time. Furthermore, it identifies the challenges faced by these firms when they internationalize and gives future research suggestions to academicians for the advance of the research in the internationalization of born global firms. |
| Keywords: | SMEs, Internationalization, Born globals, Early internationalization |
| Date: | 2018–05 |
| URL: | http://d.repec.org/n?u=RePEc:smo:ppaper:010&r=cse |
| By: | Yamamoto, Satoshi; Kan, Viktoriya; Bartnik, Roman |
| Abstract: | This paper explores why a specific group of highly specialized Japanese toolmakers have chosen to expand their limited customer base to include Germany, despite strong cultural and geographical differences. Analyzing the phenomenon through the theoretical lens of International Entrepreneurship research, we find that compared to existing Japanese customers, Japanese SMEs perceived the German customers as less hierarchically dominant and more open and appreciative of their products. Japanese SMEs cited a highly interactive learning relationship with their German customers as a strong potential source for product and process innovation. In sum, we find that this the aspiration for innovativeness is a key motivator for these specialized Japanese SMEs to expand their business to Germany. |
| Keywords: | Innovativeness, Internationalization, IEO, Japanese manufacturers, German Customers |
| Date: | 2018–06 |
| URL: | http://d.repec.org/n?u=RePEc:hit:cisdps:668&r=cse |
| By: | Pellegrino, Gabriele; Piva, Mariacristina; Vivarelli, Marco |
| Abstract: | In this work, we test the employment impact of distinct types of innovative investments using a representative sample of Spanish manufacturing firms over the period 2002-2013. Our GMM-SYS estimates generate various results, which are partially in contrast with the extant literature. Indeed, estimations carried out on the entire sample do not provide statistically significant evidence of the expected labor-friendly nature of innovation. More in detail, neither R&D nor investment in innovative machineries and equipment (the so-called embodied technological change, ETC) turn out to have any significant employment effect. However, the job-creation impact of R&D expenditures becomes highly significant when the focus is limited to the high-tech firms. On the other hand - and interestingly - ETC exhibits its labor-saving nature when SMEs are singled out. |
| Keywords: | Innovation,R&D,Embodied Technological Change,Employment,GMM-SYS |
| JEL: | O33 |
| Date: | 2018 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:glodps:214&r=cse |
| By: | Durand, Rodolphe; Mani, Dalhia |
| Abstract: | In this paper, we investigate family firms’ position in the intercorporate ownership network. Rooting our predictions in the Behavioral Agency Model and a Network analytical framework, we predict and find that family involvement decreases the likelihood of business group affiliation and of cross-group ties leading to a lower embeddedness within the overall network. We predict and find the opposite effect for community involvement. We use the complete longitudinal dataset of publicly listed firms’ corporate ownership ties in India (2001, 2005, and 2009). Theoretical and substantive contributions are to research on family businesses and to research on interorganizational networks. |
| Keywords: | Family Firms; Community; Embeddedness; Network |
| JEL: | M10 |
| Date: | 2018–04–18 |
| URL: | http://d.repec.org/n?u=RePEc:ebg:heccah:1275&r=cse |