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on Economics of Strategic Management |
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Issue of 2022‒01‒10
eight papers chosen by João José de Matos Ferreira Universidade da Beira Interior |
| By: | Dario Diodato (European Commission - JRC); Pietro Moncada-Paternò-Castello (European Commission - JRC); Francesco Rentocchini (European Commission - JRC); Alexander Tübke (European Commission - JRC) |
| Abstract: | This background note describes five core global disruptions affecting the world economy in the context of industrial innovation for competitive sustainability. It discusses how scientific evidence presented at the 8th CONCORDi conference proposes to tackle some of these disruptions, and concludes by highlighting the policy-relevant issues. This resonates with CONCORDi’s science-to-policy objective - from the four conference organisers JRC, EARTO, OECD and UNIDO. The note is addressed to the participants of CONCORDi 2021 as well as to a wider audience interested in the main themes of this conference. |
| Keywords: | R&D, firm innovation, innovation policies |
| Date: | 2021–12 |
| URL: | http://d.repec.org/n?u=RePEc:ipt:iptwpa:jrc127197&r= |
| By: | Coad, Alex; Srhoj, Stjepan |
| Abstract: | The Entrepreneurial Ecosystems (EE) approach makes specific predictions regarding how EE inputs are converted into high-growth firms (HGFs) as an output. A simulation model draws out our hypothesis of regional persistence in HGF shares. Based on intuitions that EEs are persistent, we investigate whether regional HGF shares are persistent, using census data for 2 European countries taken separately (Croatia for 2004-2019, and Slovenia for 2008-2014). Overall, there is no clear persistence in regional HGF shares - regions with large HGF shares in one period are not necessarily likely to have large HGF shares in the following period. This is a puzzle for EE theory. In fact, there seems to be more persistence in industry-level HGF shares than for regional HGF shares. We formulate a ‘broken clock’ critique - just as a broken clock is correct twice a day, EE recommendations may sometimes be correct, but are fundamentally flawed as long as time-changing outcomes (HGF shares) are predicted using time-invariant variables (such as local universities, institutions and infrastructure). |
| Keywords: | High-Growth Firms, Persistence, Regional Persistence; Entrepreneurial Ecosystems; Clusters; Sectoral Systems of Innovation |
| JEL: | L52 L78 M21 O38 |
| Date: | 2021–12–07 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:110991&r= |
| By: | Losacker, Sebastian (University Hannover); Hansmeier, Hendrik (Fraunhofer Institute for Systems and Innovation Research ISI); Horbach, Jens (University of Applied Sciences Augsburg); Liefner, Ingo (University Hannover) |
| Abstract: | Environmental innovations make an important contribution to solving ecological and climate crises. Although these crises are global phenomena, the regional dimension plays a crucial role, as regions both provide the conditions for the development of environmental innovations and promote widespread use and diffusion. Against this background, this article has two objectives. Firstly, we critically review the state of research on regional determinants of environmental innovation. Secondly, based on these results, we develop an agenda for further research in regional studies that will help to better understand the geography of environmental innovation and to come up with useful region-specific policy recommendations. |
| Keywords: | environmental innovation; geography of innovation; sustainability transitions; regional development; geography of transitions |
| JEL: | O31 O33 Q55 R11 |
| Date: | 2021–12–17 |
| URL: | http://d.repec.org/n?u=RePEc:hhs:lucirc:2021_015&r= |
| By: | Hoch, Felix; Seyberth, Lilo |
| Abstract: | Research investigating the relationship between firm performance and gender diversity has so far reported conflicting evidence: Some studies find firm performance to benefit from gender diversity, others find negative results or no effect at all. Taking this inconclusive evidence as a sign for moderators influencing the effect of gender diversity on firm performance, we investigate the moderating influence of institutions on this relationship. Using data on 7,661 firms in 71 countries, we employ a multilevel linear regression with fixed effects to examine the moderating effect of formal as well as informal institutional characteristics. We find that institutions indeed moderate the relationship between gender diversity and firm performance. In particular, informal institutions seem to moderate the effect of diversity on market valuation (Tobin's Q), while formal institutions moderate the effect of gender diversity on firm financial performance (ROA). These results have important theoretical implications for the academic debate on gender diversity and firm performance as well as practical implications for both businesses and lawmakers. |
| JEL: | J16 J71 L25 M12 M14 |
| Date: | 2021 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:umiodp:112021&r= |
| By: | Fuad Hasanov; Reda Cherif; Jyrki Ali-Yrkkö; Natalia Kuosmanen; Mika Pajarinen |
| Abstract: | Do workers hired from superstar tech-firms contribute to better firm performance? To address this question, we analyze the effects of tacit knowledge spillovers from Nokia in the context of a quasi-natural experiment in Finland, the closure of Nokia’s mobile device division in 2014 and the massive labor movement it implied. We apply a two-stage difference-in-differences approach with heterogeneous treatment to estimate the causal effects of hiring former Nokia employees. Our results provide new evidence supporting the positive causal role of former Nokia workers on firm performance. The evidence of the positive spillovers on firms is particularly strong in terms of employment and value added. |
| Keywords: | human capital, employment, value added, Nokia, difference-in-differences, heterogeneous treatment, knowledge spillovers, superstar firms.; superstar tech-firm; spillover effect; Nokia employee; superstar firm; effects from Nokia; Spillovers; Employment; Labor productivity; Positive spillovers; Human capital; Global |
| Date: | 2021–10–29 |
| URL: | http://d.repec.org/n?u=RePEc:imf:imfwpa:2021/258&r= |
| By: | OECD |
| Abstract: | This paper concludes the project “Support to Improve Effectiveness of Lithuania’s Innovation Policy” which summarises the findings, policy options and recommended actions. It aimed at providing support to efforts of the Government of Lithuania to better deliver existing policies, and develop and implement appropriate new policies, instruments and institutions in selected areas of science, technology and innovation (STI) policy. The report takes stock of recent policy actions taken since the “OECD Review of Innovation Policy: Lithuania 2016”. Drawing on international good practices it explores the scope for improvement in selected areas of STI policy: a) consolidation of innovation agencies and enhancing Lithuania’s STI Council, b) public procurement of innovation , c) mission-oriented innovation policies, and d) industry 4.0 and artificial intelligence. The project has been aligned with ongoing Lithuanian reform processes, some of which are reflected in the ‘New Generation Lithuania’ plan related to the EU’s Recovery and Resilience Facility. |
| Keywords: | Artificial intelligence, Governance, Industry 4.0, Innovation policy, Mission-orientation, Public procurement |
| JEL: | O31 O38 L52 |
| Date: | 2021–12–21 |
| URL: | http://d.repec.org/n?u=RePEc:oec:stiaac:123-en&r= |
| By: | Rik L. Rozendaal; Herman R. J. Vollebergh |
| Abstract: | This article tests the effects of fuel economy and greenhouse gas emission standards on the direction of innovation, in particular on breakthrough technologies in the automotive industry. We develop an intuitive measure of standard stringency that captures the policy’s most important features for the decision as to whether or not to innovate. To test the role of these standards relative to prices and taxes, we construct a firm-level panel of patents in clean and dirty automotive technologies for the years 2000-2016. Our results indicate that standards are a very robust driver inducing clean innovation, whereas taxes also seem to play a role but prices (net of taxes) do not. This effect is driven by patenting for breakthrough technologies, in particular electric vehicle and hydrogen fuel cell technologies. We find no evidence that these policies negatively impact dirty innovation. |
| Keywords: | environmental policy instruments, regulatory stringency, innovation, directed technical change |
| JEL: | O30 Q55 Q58 |
| Date: | 2021 |
| URL: | http://d.repec.org/n?u=RePEc:ces:ceswps:_9422&r= |
| By: | Caselli, Mauro; Fracasso, Andrea |
| Abstract: | This contribution reviews the rich interdisciplinary literature covering the relationship between the diffusion of COVID-19 and the adoption of technologies in various sectors of the economy, ranging from health care facilities to manufacturing companies. Besides covering the technical and technological progress achieved to enhance contact tracing, tracking and mapping with the intent of stopping the diffusion of the disease, this chapter also discusses the wide range of innovations introduced to detect the disease and treat the affected people. Finally, the analysis addresses how companies and institutions adopted various technologies (from advanced robotics to artificial intelligence) to mitigate the adverse effects of the virus on their employees, customers, and suppliers, as well as to preserve uncontaminated environments and enforce personal distancing in the workplace. In most cases, modern technologies played a key role to transform workplaces, human resource management, production and sale networks. This contribution points out that, notwithstanding its beneficial effects, the rapid and widespread diffusion of new technologies poses serious challenges as to their appropriate use once the pandemic will be over (i.e., privacy data protection and fundamental rights) and their long-lasting and transformative effects on both social and industrial relations. |
| Keywords: | COVID-19,technology,health,labor,firms |
| JEL: | O14 I10 J24 |
| Date: | 2021 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:glodps:1001&r= |