nep-cse New Economics Papers
on Economics of Strategic Management
Issue of 2020‒04‒20
eleven papers chosen by
João José de Matos Ferreira
Universidade da Beira Interior

  1. An Integrative Model of Market Orientation on Innovation Performance By Ni Made Wahyuni
  2. Foreign Direct Investments and Regional Specialization in Environmental Technologies By Davide Castellani; Giovanni Marin; Sandro Montresor; Antonello Zanfei
  3. From closed to open: A comparative stakeholder approach for developing open innovation activities in SMEs By Sana Saidi; Anne Berthinier-Poncet; Allane Madanamoothoo; Wim Vanhaverbeke; Simona Grama-Vigouroux
  4. The Impact of Foreign Technology & Embodied R&D On Productivity in Internationally-Oriented & High-Technology Industries in Egypt, 2006-2009 By Shimaa Elkony; Hilary Ingham; Robert Read
  5. The Impact of Career Adaptability to the Job Search Strategies of Graduate Students in NCR By Idda Felice S. Francisco
  6. Innovation and Entrepreneurship in Housing By Edward Kung
  7. The Influence of Customer Relationship Management (CRM) Indicators on Customer Loyalty of Sharia Based Banking System By Adelina Lubis
  8. Exploring Feedback Loops between Performance Measures. Energy and Environmental Efficiency under heterogeneous Eco-Innovation groups By Nikos Chatzistamoulou; Phoebe Koundouri
  10. Exploring the patterns of Eco-Innovation index and Competitiveness index in Europe By Nikos Chatzistamoulou; Phoebe Koundouri
  11. Imports, Exports, and the Impact of Mergers on Domestic Markets: A Case Study from Japan's Copper Tube Industry By NAKAMURA Tsuyoshi; OHASHI Hiroshi

  1. By: Ni Made Wahyuni (Universitas Warmadewa, Jl. Terompong, Denpasar, Indonesia Author-2-Name: I Putu Astawa Author-2-Workplace-Name: State Polytechnic of Bali, Jalan Bukit Jimbaran, 80361, Badung, Indonesia Author-3-Name: Author-3-Workplace-Name: Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:)
    Abstract: Objective - This paper seeks to provide new insights into the relationship between market orientation and innovation performance by empirically testing the direct effect of market orientation (MO) on innovation performance and exploring the effects of moderation in marketing constructs, namely customer relationship management (CRM) and knowledge management, in these relationships. Methodology/Technique - This study adopts a cross-sectional research design. Data is collected from export-oriented manufacturing small and medium enterprises (SMEs) in Indonesia. The data is analysed using PLS structural equation modeling. Findings - Our findings reveal that MO is a significant driver of innovation performance. The results further confirm that CRM plays a moderating role in the interrelation between market orientation and innovation performance. In addition, market orientation and knowledge management have a positive effect on innovation performance. Novelty – These results prove that the interaction of CRM and knowledge management with market orientation, each have a significant impact on innovation performance. Market orientation behavior more effectively achieves innovation performance in manufacturing SMEs if the MO is interactive with CRM and knowledge management. This research adds new insights to the existing literature and has implications for future research and marketing practices in Indonesia, giving implications for marketing managers and export researchers about managing market orientation, CRM development, and knowledge management. Type of Paper - Empirical
    Keywords: Market Orientation; Customer Relationship Management; Knowledge Management, Innovation Performance.
    JEL: M30 M31 M39
    Date: 2020–03–30
  2. By: Davide Castellani (Henley Business School, University of Reading, UK); Giovanni Marin (Department of Economics, Society, Politics, University of Urbino, Italy; SEEDS); Sandro Montresor (Gran Sasso Science Institute, Italy); Antonello Zanfei (Department of Economics, Society, Politics, University of Urbino, Italy)
    Abstract: The paper builds on (eco-)innovation geography and international business studies to investigate the effects of MNEs on regional specialisation in green technologies. Combining the OECD-REGPAT and the fDi Markets datasets with respect to 1,050 European NUTS3 regions over the period 2003-2014, we find that MNEs can positively impact on regions’ specialisation in environmental technologies, when their Foreign Direct Investments (FDIs) occur in industries with a green technological footprint. The effect of green FDIs is further reinforced if they involve R&D activities. We also find that the relatedness of environmental technologies to pre-existing regional specialisations exerts a negative moderating effect on the role of green R&D FDIs in shaping patterns of specialisation. In particular, green R&D FDIs have a larger effect in regions whose prior knowledge base is highly unrelated to environmental technologies. This result is consistent with the idea that MNEs inject the host region with external knowledge, which makes the development of green-technologies less place-dependent.
    Keywords: green regional specialisation; MNEs; FDIs; environmental innovation
    JEL: O31 O33 R11 R58
    Date: 2020–04
  3. By: Sana Saidi (ESC Troyes - École Supérieure de Commerce de Troyes - Groupe ESC Troyes en Champagne); Anne Berthinier-Poncet (LIRSA - Laboratoire interdisciplinaire de recherche en sciences de l'action - CNAM - Conservatoire National des Arts et Métiers [CNAM]); Allane Madanamoothoo (ESC Troyes - École Supérieure de Commerce de Troyes - Groupe ESC Troyes en Champagne); Wim Vanhaverbeke (UNIS - University of Surrey); Simona Grama-Vigouroux (ESC Troyes - École Supérieure de Commerce de Troyes - Groupe ESC Troyes en Champagne)
    Abstract: Recent literature on open innovation (OI) highlights the need for studies regarding the factors that influence firms to switch from a closed to an OI strategy. At the same time, stakeholder literature points out the scarcity of knowledge regarding antecedent factors fostering collaboration with the firm's stakeholders and their engagement for higher value creation. To fill these gaps, we propose an analytical framework for implementing a strategic OI process through the development of stakeholder engagement. Our framework comprises 17 factors grouped in five levers: knowledge, collaboration, organizational, strategic, and financial. We empirically applied this framework to two industrial SMEs. A qualitative study was conducted based on semi-structured interviews with internal and external stakeholders of both firms. The results show that one company successfully implemented the OI process, while the other struggled to evolve from a traditionally closed innovation model to a more open model. Analyzing the results, we identified several aspects that could explain this difference. These aspects concern the OI activities performed by both firms, the combination of the five levers into a coherent OI approach, stakeholder engagement, and the characteristics of the CEOs. The current study contributes insights for theory and practice, especially as it proposes an original framework for developing a strategic OI process that integrates a stakeholder approach.
    Date: 2020
  4. By: Shimaa Elkony; Hilary Ingham; Robert Read
    Abstract: This paper investigates the domestic productivity and spillover effects of foreign technology and embodied R&D on Egyptian manufacturing industries, 2003 to 2009. It also analyses the heterogeneous sectoral effects of technology transfer by focusing specifically on the productivity effects on highly internationalised and technology intensive industries. These are expected to have greater absorptive capacity with respect to foreign technology and therefore greater productivity effects because of their greater exposure to foreign competition and greater technological capacity respectively. The study is the first to analyse the efficiency effects of foreign technology by classifying industries in this manner. The study finds that foreign technology and embodied R&D have positive and significant industry-specific effects on domestic productivity and TFP in technology intensive industries but these are weaker in internationally-oriented industries. The findings suggest that only the technological intensive industries in Egypt have sufficient absorptive capacity to assimilate foreign technology effectively. The paper’s findings highlight the key role of foreign technology in domestic productivity growth, subject to the absorptive capacity of the domestic labour force, and the need for improved policies to promote the domestic benefits of technology transfer through the accumulation of local technological competences.
    Keywords: Foreign Technology, International R&D, Industrial Productivity, Trade
    JEL: D24 L60 O30
    Date: 2020
  5. By: Idda Felice S. Francisco (The Graduate School, University of Sto. Tomas Mary Caroline N. Castaño, Manila, Philippines Author-2-Name: Author-2-Workplace-Name: Author-3-Name: Author-3-Workplace-Name: Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:)
    Abstract: Objective - Job search is a continuous and developing process which is considered to be an essential part of the work-life of people due to its frequency and extensiveness. Previous literature on job search focusses on how hard job seekers search for a job but only have vague knowledge about the strategies that they use during the search. This study aims to identify the influence of career adaptability on employed graduate students in predicting their direct behaviors in the form of job search strategies used in the job search process. The study also aims to examine the impact of the job search strategies on the number of jobs offers received. Methodology/Technique - With a total of 388 samples, PLS-SEM is used to examine the relationship of the variables. Findings - Consistent with previous literature wherein job seekers primarily employ focused strategy when they have a career plan in mind, the results reveal that concern is positively and significantly related to focused strategy, as well as curiosity. Further analysis of the data reveals that exploratory strategy is positively and significantly affected by curiosity and confidence. Novelty – This implies that the more curious and confident graduate students are, the more exploratory they search. Furthermore, the results are consistent with previous studies wherein haphazard strategy was associated with fewer job offers while focused strategy was proven to have a positive effect on the number of job offers. Type of Paper - Empirical.
    Keywords: Job Search; Career Adaptability; Graduate Students; Job Search Strategies; Employment.
    JEL: A23 A29
    Date: 2020–03–30
  6. By: Edward Kung
    Abstract: In this chapter, I discuss innovation and entrepreneurship in residential real estate and construction (housing). Based on R&D spending and patent statistics, housing does not appear to be a very innovative sector. But in the last two decades, there has been a significant increase in the amount of investment going to real estate technology companies. I discuss the companies and technologies which have drawn the most attention from investors. I then review the literature on two major innovation trends in housing: the growth of the internet as a tool for housing search, and the development of home-sharing platforms which allow homeowners to use their homes as short-term rentals. These innovations have likely increased the efficiency of housing markets, leading to higher quality matches between buyers and sellers, and more efficient utilization of space. However, the effects are hard to measure due to the difficulty of separating quality changes from price changes. In comparison to residential real estate, there appears to have been less recent innovation in residential construction. In many areas, residential construction is artificially constrained by local land use policies, and estimates from the literature suggest that relaxing these constraints could increase economic growth significantly. Finally, I discuss anti-competitive practices in real estate which may hinder entrepreneurship and the adoption of new innovations, and I discuss how innovation and entrepreneurship in other sectors may affect the housing market.
    JEL: O30 R31
    Date: 2020–03
  7. By: Adelina Lubis (Faculty of Economic and Business, Universitas Medan Area, Indonesia Author-2-Name: Ritha Dalimunthe Author-2-Workplace-Name: Faculty of Economic and Business, Universitas Sumatera Utara Indonesia Author-3-Name: Yeni Absah Author-3-Workplace-Name: Faculty of Economic and Business, Universitas Sumatera Utara Indonesia Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:)
    Abstract: Objective - The purpose of this research is to determine whether CRM (Customer Relationship Management) indicators, namely complaint resolution, customer orientation, customer empowerment and customer knowledge affect the loyalty of sharia bank customers in North Sumatra. Methodology/Technique - The sample of this study is 120 Islamic banking customers in North Sumatra, namely customers at PT. BNI Syariah Tbk, PT. Bank Syariah Mandiri Tbk and PT. BRI Syariah Tbk. The analytical method used is multiple linear regression analysis. Findings - The results of this study are as partial complaint resolution, customer orientation, customer empowerment and customer knowledge variables have a significant effect on customer loyalty in Islamic Banking in North Sumatra and the hypothesis is accepted. The better CRM that is owned and implemented by Islamic Banking in North Sumatra will have an effect on increasing customer loyalty. Simultaneously complaint resolution, customer orientation, customer empowerment and customer knowledge variables significantly influence customer loyalty in Islamic Banking in North Sumatra and the hypothesis is accepted. Type of Paper - Empirical
    Keywords: Customer Relationship Management, customer loyalty
    JEL: M31 G21 M10
    Date: 2020–03–30
  8. By: Nikos Chatzistamoulou (AUEB); Phoebe Koundouri
    Abstract: By following a two-stage analysis, we explore whether resource efficiency measures are interconnected through feedback loops under heterogeneous eco-innovation regimes. In the first stage we adopt the bootstrap Data Envelopment Analysis and a Directional Distance Function approach to estimate productive performance, energy and environmental efficiency of each country under a metafrontier total factor productivity framework accounting for technological heterogeneity and input complementarities. In the second, we employ the potential of the identification through heteroskedasticity estimator to tackle endogeneity concerns surrounding performance measures, we seek the drivers of resource efficiency measures. We comprise a unique balanced panel for the EU-28 from 2010 through 2014 including the eco-innovation index and hand-collected data on the global competitiveness index. Findings indicate that resource efficiency measures despite those are interconnected through feedback loops, they act either as closely related measures i.e. blood brothers or as loosely related ones i.e. distant relatives. This is particularly relevant for policy design. In this line, findings indicate that there is not a one-size-fits-all policy as the eco-innovation group each country belongs to should be considered as well since the latter respond in an asymmetric manner to candidate drivers.
    Keywords: Resource Efficiency, Environmental & Energy Efficiency, Productive Performance, Eco-Innovation Index, Sustainability, Metafrontier & Heterogeneity, Feedback loop
    Date: 2020–04
  9. By: Jonson, Leony Patriona; Magdalena, Maria; Tanjung, Mariani St.B
    Abstract: This research is meant to find out to test the influence of market orientation, technological orientation and product innovation on the competitiveness of Pizza Hut A.Yani Padang. Sample used in this research is Consumer Pizza Hut A.Yani Padang who visited with the status of Dine In (eating restaurant) using the method of Sampling Insidential with the samples of 100 respondents. Data analysis using SPSS software with Linear Regression Analysis. Independent variables in this study are Market Orientation, Technology Orientation, Product Innovation and dependent variable is Competitive Advantage. The result shows Market Orientation has a significant effect on Competitive Advantage. Technological Orientation has a significant effect on Competitive Advantage. Product Innovation has a significant effect on Competitive Advantage.
    Date: 2019–10–21
  10. By: Nikos Chatzistamoulou (AUEB); Phoebe Koundouri
    Abstract: In this technical report the interest is placed on two multi-faceted indices, the Eco-innovation index and the Global Competitiveness Index of the EU 28 member states. The former index is produced by the Eco-innovation Observatory under the DG Environment of the European Commission covering the period 2010-2018 while the latter is produced by the World Economic Forum and the period of interest is 2006-2017. Thus, we devise two unique panel datasets to explore the patterns of those indices in Europe. Findings indicate that Europe is characterized by technological and institutional heterogeneity despite the fact that countries are subject to the same policy directives. Results indicate that a pattern arises indeed. Specifically, south European countries outperform in almost every aspect of the indices examined while countries of the south and east of Europe appear to have the lowest performance on average. Findings indicate that in order to achieve higher performance a tailor made policy oriented to specific group of countries appears to be a plausible strategy in contrast to a one-size-fits-all policy.
    Keywords: Eco-Innovation Index, Global Competitiveness, Europe, Flagship Initiative, Europe 2020 Strategy
    Date: 2020–04
  11. By: NAKAMURA Tsuyoshi; OHASHI Hiroshi
    Abstract: This paper empirically examines the role of imports in the assessment of domestic mergers. It constructs and estimates a structural model of demand and supply to describe Japan's copper tube, taking an explicit account of cross-border transactions. Obtained simulation results show that the merger would have raised domestic price significantly, implying that import pressure was not as significant as was considered at the time of the merger.
    Date: 2020–02

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