|
on Economics of Strategic Management |
|
Issue of 2021‒03‒29
nine papers chosen by João José de Matos Ferreira Universidade da Beira Interior |
| By: | Sandeep Yadav (Indian Institute of Management Kozhikode); Rajesh Srivinas Upadhyayula (Indian Institute of Management Kozhikode) |
| Abstract: | This study examines, whether emerging market firms use global linkages as a substitute to the location in geographical clusters to promote the speed of foreign market entry. Drawing from economic geography, we find a slower speed of foreign market entry by firms located outside geographical clusters in the home country as compared to firms inside clusters. This relationship is further moderated by the firm's cognitive proximity in the foreign markets (measured as a firm’s extent of informal global linkages). Cognitive proximity increases the transfer of tacit knowledge and weakens the negative impact of firm cluster absence on the speed of foreign entry. We test the proposed hypotheses using the cox proportional hazard model based on a longitudinal sample of 747 Indian firms in the information technology industry (IT) from 2000 to 2019. |
| Keywords: | Emerging markets; emerging market firm; theory of EMNE; clusters; cognitive proximity |
| Date: | 2021–01 |
| URL: | http://d.repec.org/n?u=RePEc:iik:wpaper:404&r=all |
| By: | Matteo Laffi; Ron Boschma; |
| Abstract: | The aim of the paper is to shed light on the role played by regional knowledge bases in Industry 3.0 in fostering new technologies in Industry 4.0 in European regions (NUTS3) over the period 1991-2015. We find that 4.0 technologies appear to be quite related to 3.0 technologies, with some heterogeneity among different technology fields. The paper investigates the geographical implications. We find that the probability of developing Industry 4.0 technologies is higher in regions that are specialised in Industry 3.0 technologies. However, other types of knowledge bases also sustain regional diversification in Industry 4.0 technologies. |
| Keywords: | Fourth Industrial Revolution, Industry 4.0, regional innovation, patents, knowledge space, relatedness, EU regions |
| JEL: | B52 O33 R11 |
| Date: | 2021–03 |
| URL: | http://d.repec.org/n?u=RePEc:egu:wpaper:2112&r=all |
| By: | Sandeep Yadav (Indian Institute of Management Kozhikode); Rajesh Srivinas Upadhyayula (Indian Institute of Management Kozhikode) |
| Abstract: | The literature on the importance of time in the internationalization process of entrepreneurial firms has pulled the attention of international business researchers in the last two decades. The phenomenon of internationalization speed as a time-based dimension is studied both in the context of young entrepreneurial firms and large multinationals. Yet, the theoretical foundations and synthesis of empirical literature remain absent, thus call for a critical assessment and review of the literature. We examine 67 articles in 34 scholarly journals from 2000 to the current period. We use an inductive approach and qualitative content analysis for a comprehensive and critical assessment of literature. First, we define the concept of internationalization speed and highlighted its multidimensionality. We provide a synthesis of literature based on antecedents and outcomes of internationalization speed to identify ambiguity in the empirical literature. Further, we discuss the issues of conceptualization and operationalization of speed along with methodological issues in the empirical literature. Finally, we provide future research agendas based on the gaps in the theoretical literature. |
| Keywords: | Rapid internationalization; early internationalization; international new ventures; born-global firms; SME exporters; speed |
| Date: | 2021–01 |
| URL: | http://d.repec.org/n?u=RePEc:iik:wpaper:403&r=all |
| By: | Xiangfei Yuan; Haijing Hao; Chenghua Guan; Alex Pentland |
| Abstract: | Since the 1980s, technology business incubators (TBIs), which focus on accelerating businesses through resource sharing, knowledge agglomeration, and technology innovation, have become a booming industry. As such, research on TBIs has gained international attention, most notably in the United States, Europe, Japan, and China. The present study proposes an entrepreneurial ecosystem framework with four key components, i.e., people, technology, capital, and infrastructure, to investigate which factors have an impact on the performance of TBIs. We also empirically examine this framework based on unique, three-year panel survey data from 857 national TBIs across China. We implemented factor analysis and panel regression models on dozens of variables from 857 national TBIs between 2015 and 2017 in all major cities in China and found that a number of factors associated with people, technology, capital, and infrastructure components have various statistically significant impacts on the performance of TBIs at either national model or regional models. |
| Date: | 2021–03 |
| URL: | http://d.repec.org/n?u=RePEc:arx:papers:2103.08131&r=all |
| By: | J. García-Rojas (Universidad Pontificia Bolivariana); J. Reyes-Rodríguez (Universidad Pontificia Bolivariana) |
| Abstract: | Rural entrepreneurship corresponds to the creation of business in rural settings, with the purpose of generating value and wealth from small and medium non-formalized productive units to the formality of small, medium and large business. Therefore, rural entrepreneurship is considered one of the great strategies to reduce poverty in the world. For that reason, countries work on entrepreneurial initiatives to generate progress through their different economic activities. The above, highlights the importance of investigating the critical success factors that contribute to sustainability over time and generation of wealth of rural entrepreneurship, contributing to the local and regional development of nations. The purpose of this research is to characterize the critical factors of rural entrepreneurship identified following a literature review of empirical scientific articles related to this field of research in the last ten years framed in a proposed new rural entrepreneurship development model that draws on two existing theories of entrepreneurship: Paturel's 3E model and Freire's inverted triangle. The proposed model has four dimensions: the entrepreneur, the idea, the resources, and the environment. The results show equality and differences between factors but they can organize and characterized by the rural entrepreneurship development model. |
| Abstract: | El emprendimiento rural corresponde a aquellas iniciativas que se desarrollen en la ruralidad de los territorios con el objetivo de generar valor y riqueza desde las pequeñas y medianas unidades productivas no formalizadas hasta la formalidad de pequeños, medianos y grandes negocios. Por lo tanto, es considerado como una de las grandes estrategias para mitigar la pobreza en el mundo. Es por ello, que los países trabajan en iniciativas emprendedoras que generen progreso a través de sus distintas actividades económicas. Lo anterior, realza la importancia de investigar los factores críticos de éxito que contribuyen a la sostenibilidad en el tiempo y generación de riqueza de los emprendimientos rurales contribuyendo al desarrollo local y regional de las naciones. La presente investigación tiene como propósito caracterizar los factores críticos de éxito de los emprendimientos rurales identificados mediante la revisión literaria de artículos científicos empíricos relacionados con este campo de investigación en los últimos diez años a la luz de un nuevo modelo propuesto que permita el desarrollo del emprendimiento rural, éste modelo fue creado a partir de la revisión literaria de dos teorías existentes sobre emprendimiento: el modelo de las 3E de Paturel y el triángulo invertido de Freire. Los resultados evidencian similitudes y diferencias entre los factores encontrados por los autores, pero cuyas similitudes permiten realizar una mejor clasificación. El modelo planteado comprende cuatro dimensiones correspondientes a: el emprendedor, la idea, los recursos y el ambiente. |
| Keywords: | Rural entrepreneurship model,Critical factors,Rural entrepreneurship,Rural entrepreneurship dimensions,Emprendimiento rural,Factores críticos,Modelo para el emprendimiento rural,Dimensiones del emprendimiento rural |
| Date: | 2020 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-03149336&r=all |
| By: | Semra Gunduc |
| Abstract: | In this work, the aim is to study the diffusion of innovation of two competing products. The main focus has been to understand the effects of the competitive dynamic market on the diffusion of innovation. The global smartphone operating system sales are chosen as an example. The availability of the sales and the number of users data, as well as the predictions for the future number of users, make the smartphone diffusion a new laboratory to test the innovation of diffusion models for the competitive markets. In this work, the Bass model and its extensions which incorporate the competition between the brands are used. The diffusion of smartphones can be considered on two levels: the product level and the brand level. The diffusion of the smartphone as a category is studied by using the Bass equation (category-level diffusion). The diffusion of each competing operating system (iOS and Android) are considered as the competition of the brands, and it is studied in the context of competitive market models (product-level diffusion). It is shown that the effects of personal interactions play the dominant role in the diffusion process. Moreover, the volume of near future sales can be predicted by introducing appropriate dynamic market potential which helps to extrapolate the model results for the future. |
| Date: | 2021–03 |
| URL: | http://d.repec.org/n?u=RePEc:arx:papers:2103.07707&r=all |
| By: | Bournakis, Ioannis; Papanastassiou, Marina; Papaioannou, Sotiris |
| Abstract: | We revisit the puzzle regarding the role of Multinational Enterprises (MNEs) on Total Factor Productivity (TFP) of domestic firms by drawing attention to foreign ownership structure. First, we differentiate between market share (MS) due to competition effects and knowledge agglomeration gains (AG). The former induces market pressure, due to foreign presence, and makes domestic firms to charge lower price mark-ups. Second, we investigate whether intra-industry (horizontal) and inter-industry (vertical) spillovers vary with the degree of foreign control. Using a sample of manufacturing firms from six European countries, we find that higher presence of MNEs in the domestic market makes domestic firms to charge lower mark-ups. Only majority and wholly-owned MNEs generate statistically significant horizontal spillovers. The economic size of these spillovers is low. We also detect backward spillovers from MNEs in downstream industries. However, forward spillovers from MNEs in upstream industries are negative. When we control for absorptive capacity, direct linkages with MNEs, scope of product differentiation and geographical proximity, the economic size of AG increases substantially. |
| Keywords: | MNEs, Foreign ownership, Spillovers, Market Share, Agglomeration Gains, Mark-up, Total Factor Productivity |
| JEL: | D23 D4 F14 F23 |
| Date: | 2020–05–17 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:106626&r=all |
| By: | Sandeep Yadav (Indian Institute of Management Kozhikode); M.K. Nandakumar (Indian Institute of Management Kozhikode) |
| Abstract: | A large number of studies have examined the antecedents of post-M&A performance especially in the case of cross-border acquisitions. However the literature on post-M&A innovation is very limited. Furthermore, not many studies examining M&As in the Indian context have been published in leading journals. We try to fill this gap by conducting an empirical study on postM&A innovation. We analyzed a sample of 85 domestic M&As by Indian firms during the period between 2000 and 2015. We found a positive relationship between relative absorptive capacity of the acquirer and post-M&A innovation performance. Size of the firm positively moderated the relationship between relative absorptive capacity and post-merger innovation performance. The M&A activities between firms in the same industry increased post-merger innovation performance. |
| Keywords: | Post M&A innovations, Indian firms |
| Date: | 2020–03 |
| URL: | http://d.repec.org/n?u=RePEc:iik:wpaper:370&r=all |
| By: | Nicola Cortinovis; Zhiling Wang; Hengky Kurniawan |
| Abstract: | In this paper, we explore how spillovers from multinational enterprises (MNEs) spread and impact domestic firms through different channels and at various spatial scales. Taking a firm-level approach, we test whether industrial relatedness mediates spillover effects from MNEs over and above horizontal and vertical linkages traditionally identified by the literature. Thanks to fine- grained geographical information, we further investigate the spatial reach of the spillovers and how they are associated with domestic firms’ characteristics such as absorptive capacity and technological sophistication. Our hypotheses are tested on a panel data set of Indonesian manufacturing firms census between 2002 to 2009. We find that domestic firms have higher total factor productivity when being exposed to a higher share of output from multinational firms in related industries, on top of the widely acknowledged horizontal and vertical MNE spillovers. We also show that MNE spillovers are sensitive to distance, with relatedness-mediated ones being detected between 30 and 60 km from the municipality of the MNE. Regarding heterogeneity, large firms benefit from productivity-enhancing relatedness spillovers at a wider spatial distance (up to 90km), and firms in less-advanced industries benefit from relatedness mediated effects as much as those in more advanced industries. |
| Keywords: | Multinational enterprises, spillovers, industrial relatedness, spatial effects. |
| JEL: | D24 F23 O33 R10 |
| Date: | 2021–03 |
| URL: | http://d.repec.org/n?u=RePEc:egu:wpaper:2111&r=all |