nep-cse New Economics Papers
on Economics of Strategic Management
Issue of 2021‒11‒01
five papers chosen by
João José de Matos Ferreira
Universidade da Beira Interior

  1. AgriLOVE: agriculture, land-use and technical change in an evolutionary, agent-based model. By Jonathan Taglialatela; Andrea Mina
  2. Skill-biased acquisitions? Human capital and target employee mobility in small technology firms By Xiao, Jing; Lindholm Dahlstrand, Åsa
  3. The Determinants of Competitive Advantage: Capability vs. Industry Structure By Harada, Tsutomu; Hiramine, Yoshiki
  4. Competitive strategies of small independent retailers By Fabien Eymas; Faouzi Bensebaa
  5. The Potential of the Sharing Economy in a Developing Country: The Case of North Macedonia By Trajanov, Dimitar; Angelovska, Julijana; Mihajlovska, Tamara; Poprizova, Marija

  1. By: Jonathan Taglialatela; Andrea Mina
    Abstract: The paper focuses on the capital structure of firms in their early years of operation. Through the lens of Pecking Order Theory, we study how the pursuit of innovation influences the reliance of firms on different types of internal and external finance. Panel analyses of data on 7,394 German start-ups show that innovation activities are relevant predictors of the start-ups' revealed preferences for finance, and that the nature of these effects on the type and order of financing sources depends on the degree of information asymmetries specific to research and development activities, human capital endowments, and the market introduction of new products and processes.
    Keywords: Innovation; information asymmetries; start-up; pecking order; entrepreneurial finance.
    Date: 2021–10–23
  2. By: Xiao, Jing (CIRCLE, Lund University); Lindholm Dahlstrand, Åsa (CIRCLE, Lund University)
    Abstract: The purpose of this study is to investigate the relationship between acquisitions and mobility of knowledge workers and managers in small technology companies and how individual skills and capabilities moderate the relationship. Relying on the matched employer-employee data of the Swedish high-tech sectors from 2007 to 2015, we find that acquisitions increase the likelihood of employee departures, mainly in the form of switching to another employer, but that these acquisition effects are weaker for employees with technological competences. Moreover, we also find that managers, compared to other employees, are more likely to exit from the (national) labor market after acquisitions. Our results show that acquiring firms tend to gain access to and retain knowledge workers with engineering background.
    Keywords: Acquisitions; Target employee mobility; High-tech sectors; Knowledge workers; Technological capabilities; Managerial capabilities
    JEL: C23 G34 J63 L26
    Date: 2021–10–22
  3. By: Harada, Tsutomu; Hiramine, Yoshiki
    Abstract: The purpose of this study is to investigate the effects of capability and industry structure on competitive advantage in the Japanese economy. We used one of the most comprehensive data sets for Japanese firms compiled by Teikoku Databank. While related literature primarily examined the effects of industry on competitive advantage using industry dummies, this study incorporated more sophisticated measures for industry structure. The results revealed that both capability and industry structure accounted for competitive advantage. Moreover, the opposite effects of industry structure on competitive advantage between competitive and uncompetitive firms were identified. Thus, the results indicate that capability plays a more important role in accounting for competitive advantage than industry structure.
    Keywords: competitive advantage, capability, industry structure
    Date: 2021–10
  4. By: Fabien Eymas (CREGO - Centre de Recherche en Gestion des Organisations [Dijon] - UFC - Université de Franche-Comté - UBFC - Université Bourgogne Franche-Comté [COMUE] - UB - Université de Bourgogne - Université de Haute-Alsace (UHA) - Université de Haute-Alsace (UHA) Mulhouse - Colmar); Faouzi Bensebaa (UP8 - Université Paris 8 Vincennes-Saint-Denis)
    Abstract: Purpose : Despite the critical role given to small independent retailers (SIRs) in the revitalisation of city centres, little knowledge exists about their actual competitive strategies. Existing literature rather is normative, recommending SIRs to focus on customer orientation. Thus, the aim of this study is to identify the types of competitive strategies really adopted by SIRs. Design/methodology/approach : This qualitative study is based on 13 semi-structured interviews of the booksellers, beer and wine merchants we met around Paris (France) in 2018. Data analysis was conducted in two stages: each interview was coded to bring out themes, which were then linked in cognitive maps. Findings : Five types of SIRs' competitive strategies emerged from the study, depending on their main focus of attention. Either SIRs have no weapon to fight against external factors and they suffer competition or they have limited means and focus on their relationship with customers or even they possess a specific resource they can rely on (innovative character, skills, values) to go beyond ordinary customer orientation. Practical implications : The typology should be a useful tool for SIRs interested in competitive strategies and for municipalities looking for new insights to succeed in the revitalisation of their city centres. Social implications : Revitalisation of city centres is a big challenge for many Western cities, especially small- and middle-sized ones. Originality/value : To the best of our knowledge, the typology that comes from this study is the very first one on SIRs. Theoretically, it may help organise researches on SIRs' competitive strategies. Pragmatically, it provides a better understanding of SIRs' competitive strategies.
    Keywords: Competitive strategy,Customer orientation,Small independent retailer
    Date: 2021–02–19
  5. By: Trajanov, Dimitar; Angelovska, Julijana; Mihajlovska, Tamara; Poprizova, Marija
    Abstract: The growth of the sharing economy is important for developing countries because it creates value, economic growth, technological innovation, environmental sustainability, and social inclusion. Macedonian citizens have a long tradition of sharing things between friends, relatives, and neighbours. However, the new concept of sharing economy that enables strangers globally to share goods and services is still not developed and used by the Macedonian citizens. The goal of this study is by empirical analysis to give the state and potential of the usage of sharing economy by Macedonian citizens from the perspectives of providers and consumers. The results of the observational study and survey address future actions to boost the development of the sharing economy.
    Keywords: Collaborative Consumption; Developing Country; North Macedonia; Sharing Economy; Sustainable Growth
    JEL: L86
    Date: 2021

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