nep-cse New Economics Papers
on Economics of Strategic Management
Issue of 2021‒07‒26
ten papers chosen by
João José de Matos Ferreira
Universidade da Beira Interior

  1. The significance of strategic management accounting on the performance of transport businesses in Nigeria By Adetayo Adeniran; Oluwabukunmi Obembe
  2. Migrant Inventors as Agents of Technological Change By Andrea MORRISON; Ernest MIGUELEZ
  3. Circular economy and eco-innovation in Italian industrial clusters. Best practices from Prato textile cluster By Francesca Mazzoni
  4. Effect of Supply Chain Integration on Business Performance and Competitiveness of Philippine SMEs By Borazon, Elaine Q.; Supangco, Vivien T.
  5. Innovation-Driven Entrepreneurship By Tristan L. Botelho; Daniel Fehder; Yael Hochberg
  6. The impact of trade on R&D: Evidence from UK firms By S, Minkyu.
  7. Pilot Industrial technology prospect report: R&I evidence on EU development of low-carbon industrial technologies By SCHROECKER Doris; WILLE Angelo; SENTIS Pauline; TUEBKE Alexander; HERNANDEZ GUEVARA Hector; GRASSANO Nicola; DIODATO Dario; COMPANO Ramon; CSEFALVAY Zoltan; GEORGAKAKI Aliki; LETOUT Simon; PASIMENI Francesco
  8. The Ecological System of Innovation: A New Architectural Framework for a Functional Evidence-Based Platform for Science and Innovation Policy By Robert M Yawson
  9. Circular Economy Approach: The benefits of a new business model for European Firms By Carlo Bellavite Pellegrini; Laura Pellegrini; Claudia Cannas
  10. The rise of the sharing economy and its relationship with sustainable development. A critical literature review By Martina Nannelli; Stefania Oliva

  1. By: Adetayo Adeniran (FUTA - Federal University of Technology of Akure); Oluwabukunmi Obembe (NOUN - National Open University of Nigeria)
    Abstract: The study provided that strategic management accounting is related to the provisions and use of accounting information by people in the organization such as the management and the managers, to make business decisions that would enhance competitive advantage and effective control of the firm's activity. The major purpose of this study is to investigate the significance of the strategic role of strategic management accounting in realizing the better performance of transport businesses in Nigeria. The study generated data from 230 transport businesses in Nigeria through a cross-sectional questionnaire survey approach using drop and pick means of data distribution. The findings revealed that factors such as information, people, and government policy are significant factors impacting the performance of the transport business. Hence, it was suggested that the factors are essential in realizing the performance of transport businesses. Also, the findings reveal that technology has a significant effect on the performance of transport businesses, and revealed the relationship between strategic management accounting and business performance. It is pertinent to note that this study would be of advantage to all transport business owners and researchers as it would give a plausible guideline for taking vibrant decisions concerning business performance, and will be a basis for future research. Based on the findings, it is therefore concluded that information, people, government policy, and technology are the significant factors necessary to induce the efficient performance of the transport business in Nigeria.
    Keywords: Strategic management accounting,Transport business,performance,Nigeria
    Date: 2020–09–30
  2. By: Andrea MORRISON; Ernest MIGUELEZ
    Abstract: How do regions enter new and distant technological fields? Who is triggering this process? This work addresses these compelling research questions by investigating the role of migrant inventors in the process of technological diversification. Immigrant inventors can indeed act as carriers of knowledge across borders and influence the direction of technological change. We test these latter propositions by using an original dataset of immigrant inventors in the context of European regions during the period 2003-2011. Our findings show that: immigrant inventors generate positive local knowledge spillovers; they help their host regions to develop new technological specialisations; they trigger a process of unrelated diversification. Their contribution comes via two main mechanisms: immigrant inventors use their own personal knowledge (knowledge creation); they import knowledge from their home country to the host region (knowledge transfer). Their impact is maximised when their knowledge is not recombined with the local one (in mixed teams of inventors), but it is reused (in teams made by only migrant inventors). Our work contributes to the existing literature of regional diversification by providing fresh evidence of unrelated diversification for European regions and by identifying important agents of structural change. It also contributes to the literature of migration and innovation by adding fresh evidence on European regions and by unveiling some of the mechanisms of immigrants’ knowledge transmission.
    Keywords: patents, migration, technological diversification, relatedness, Europe
    JEL: O30 F20 F60
    Date: 2021
  3. By: Francesca Mazzoni (University of Ferrara [Ferrara])
    Abstract: The transition of Italian industrial clusters towards more circular and sustainable models of production could lead to substantial environmental, economic and societal benefits. The aim of this paper is to analyse which specific types of eco-innovations could lead to the implementation of circular economy in industrial clusters. The paper intends to do so not only performing a theoretical analysis but also exploring the case study of the Prato textile industrial cluster that, through the introduction of different circular and symbiotic measures has been able to significantly reduce its environmental impact and at the same time thrive and succeed.
    Keywords: circular economy,eco-innovation,industrial symbiosis,industrial clusters
    Date: 2020–09–30
  4. By: Borazon, Elaine Q.; Supangco, Vivien T.
    Abstract: This study aims to determine the relationship of supply chain integration with the performance and competitiveness of small and medium enterprises (SMEs) in the Philippines. A survey of 384 companies was conducted to measure the customer integration, supplier integration, and internal integration of SMEs. Structural equation modelling was used to test the hypotheses. The results show that the internal integration of SMEs strongly influences their business performance or growth and competitiveness. Customer integration directly and indirectly (through internal integration) influences the business performance and competitiveness of SMEs. Accordingly, the effect of supplier integration on business performance (growth) and competitiveness of companies is fully mediated by internal integration.
    Keywords: small and medium enterprises, supply chain integration, Customer integration, SME competitiveness
    Date: 2020
  5. By: Tristan L. Botelho; Daniel Fehder; Yael Hochberg
    Abstract: Entrepreneurship is thought to be a key driver of economic growth. While there are myriad forms of entrepreneurship, ranging from self-employment to small and medium size enterprises to technology- and innovation-driven startups, recent research provides evidence that the relationship between entrepreneurship and economic growth is driven not by overall quantity of new firm entry, but rather by a small subset of high-growth startups that are primarily categorized as innovation-driven. This paper provides a survey of the growing literature on the economics of such innovation-driven entrepreneurship. We begin by distinguishing between the various forms of entrepreneurship, which are often confounded in both theory and empirical work. We lay out the current state of knowledge, and describe the challenges faced by researchers in the field, particularly around measurement, data and identification. We conclude with an overview of the major open questions and directions for future research in the area.
    JEL: O0 O3
    Date: 2021–07
  6. By: S, Minkyu.
    Abstract: How does firm innovation respond to changing trade environments? This paper investigates this question using the matched administrative datasets for UK firms' R&D expenditures and their trade exposures between 2002 and 2011. I find a strong adverse impact of import competition from China on UK firms' R&D, which is supportive of the `Schumpeterian hypothesis'. There is no evidence that the improved access to Chinese inputs for individual firms offset this negative competition channel. Increased export demand, by contrast, significantly stimulates firms' innovation efforts. Our results also reveal heterogeneity in the R&D responses depending on the firms' initial conditions: First, more productive British firms raise their R&D spending by much more in response to increased foreign demand. Second, exporters reduce R&D by less than non-exporters in the face of the rising Chinese competition. These findings together imply that innovation of purely domestic and less profitable firms was most hurt by globalization, leading to a widening productivity gap across firms.
    Keywords: R&D, Chinese competition, Firm-level trade
    JEL: F14 F60 O31
    Date: 2021–07–08
  7. By: SCHROECKER Doris; WILLE Angelo; SENTIS Pauline; TUEBKE Alexander (European Commission - JRC); HERNANDEZ GUEVARA Hector (European Commission - JRC); GRASSANO Nicola (European Commission - JRC); DIODATO Dario (European Commission - JRC); COMPANO Ramon (European Commission - JRC); CSEFALVAY Zoltan; GEORGAKAKI Aliki (European Commission - JRC); LETOUT Simon (European Commission - JRC); PASIMENI Francesco (European Commission - JRC)
    Abstract: This first pilot ‘industrial technology prospect report’ aims to provide an insight into the state of play on R&I in low-carbon industry technologies, which are key for emissions reductions in energy-intensive industries, such as steel, cement and chemicals, covered by the upcoming EU low-carbon industrial alliance20. It concentrates on the maturity of relevant technologies and their potential to help industry reach the EU climate targets. It provides an overview of relevant production costs in industrial sectors, potential cost reductions through new technology and insights into current public and private sector R&D investment and related patenting developments. The report also provides a snapshot of green R&I development and patents in EU regions. This report is the outcome of a model of cooperation between services that will help to provide a strong evidence base to inform future roadmaps supporting R&I in industrial ecosystems and alliances. The approach will be further developed in other areas through and greater involvement of the European Institute for Innovation and Technology (EIT) in analysing the territorial dimension of R&I. the exploitation of existing analytical capacities, targeted use of Horizon Europe results and greater involvement of the European Institute for Innovation and Technology (EIT) in analysing the territorial dimension of R&I.
    Keywords: Energy Intensive Industries, Research & Development, Innovation, Technology Roadmap
    Date: 2021–07
  8. By: Robert M Yawson
    Abstract: Models on innovation, for the most part, do not include a comprehensive and end-to-end view. Most innovation policy attention seems to be focused on the capacity to innovate and on input factors such as R&D investment, scientific institutions, human resources and capital. Such inputs frequently serve as proxies for innovativeness and are correlated with intermediate outputs such as patent counts and outcomes such as GDP per capita. While this kind of analysis is generally indicative of innovative behaviour, it is less useful in terms of discriminating causality and what drives successful strategy or public policy interventions. This situation has led to the developing of new frameworks for the innovation system led by National Science and Technology Policy Centres across the globe. These new models of innovation are variously referred to as the National Innovation Ecosystem. There is, however, a fundamental question that needs to be answered: what elements should an innovation policy include, and how should such policies be implemented? This paper attempts to answer this question.
    Date: 2021–06
  9. By: Carlo Bellavite Pellegrini (Dipartimento di Politica Economica, DISCE, & Centro Studi Economia Applicata (CSEA), Università Cattolica del Sacro Cuore); Laura Pellegrini (Dipartimento di Politica Economica, DISCE, & Centro Studi Economia Applicata (CSEA), Università Cattolica del Sacro Cuore); Claudia Cannas (Centro Studi Economia Applicata (CSEA), Università Cattolica del Sacro Cuore)
    Abstract: This study investigates the relationship between Firms’ Performance and the adoption of a Circular Economy (CE) Approach. Considering different “recovery-recycling” models embraced by European countries between 2003 and 2016, the empirical analysis aims to highlight benefits related to CE approach. Specifically, we built a sample of panel data, which involved 60 European listed companies producing several types of packaging (including plastic, glass, cardboard and metal), and raw materials (glass and paper). Over the last decades, the increasing attention to Circular Economy issues in Europe has been followed by an important regulation’s activity aimed to define a common policy on the production and treatment of waste. However, European countries due to their different economic conditions, experienced more or less effectively benefits of CE models which are still under-explored. Our empirical findings confirm previous economic literature (Ferreira N. et al. 2014; CIWM, 2016), pointing out better Perfomances for European companies adopting “Extended Producer Responsability” (ERP) scheme, such as PRO's Competition model. Empirical evidences suggested a positive and highly significant impact on Firms’ Performance as results of more competition among recovery organizations which can be justified by lower costs for companies joining collective recovery schemes.
    Keywords: Circular Economy, Firms’ Perfomance, Extended Producer Responsability (ERP), Stock Return
    JEL: C23 Q01 Q56
    Date: 2021–07
  10. By: Martina Nannelli (University of Florence); Stefania Oliva (University of Florence)
    Abstract: The article aims to critically review the concept of Sharing Economy (SE) questioning its relationship with sustainability. Originated by different institutional cultures based on the principles of solidarity between the groups of a community, SE has risen as a new paradigm after the 2008’ financial and economic crisis and the advent of the digital transformation. In particular, by digital platforms, SE has evolved from an economic-social phenomenon to an economic-technological one, influencing and affecting the competitiveness of several sectors. Through a critical literature review of SE concepts, the article explores how the theoretical debate evolved over time. It identifies the main definitions and features of the phenomenon and discusses its relationship with the topic of sustainability. In the conclusions, it develops reflections on further research devoted to understanding the most controversial under-researched topics.
    Keywords: sharing economy; digital platforms; sustainability; sustainable development
    JEL: M21 Q01
    Date: 2021

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