nep-cse New Economics Papers
on Economics of Strategic Management
Issue of 2022‒09‒05
five papers chosen by
João José de Matos Ferreira
Universidade da Beira Interior

  1. A Lasting Crisis affects R&D decisions of smaller firms: the Greek experience By Ioannis Giotopoulos; Alexander S. Kritikos; Aggelos Tsakanikas
  2. A resource-based analysis of strategic alliances between knowledge intermediaries in regional innovation and entrepreneurial ecosystems By Bäumle, Philipp; Bizer, Kilian
  3. Assessing the innovation potential of the furniture industry value chain in Bulgaria By Georgieva, Daniela Ventsislavova; Gateva, Nedka; Georgieva, Teodora; Tsakova, Irina; Jukneviciene, Vita
  4. The Influence of Environmental Commitment and Innovation on Export Intensity: Firm-Level Evidence from Tunisia By SDIRI, Hanen
  5. Fresh start policies and small business activity: evidence from a natural experiment By Marco Celentani; Miguel García-Posada; Fernando Gómez Pomar

  1. By: Ioannis Giotopoulos (University of Peloponnese); Alexander S. Kritikos (DIW Berlin, University of Potsdam, IAB Nuremberg, IZA Bonn); Aggelos Tsakanikas (National Technical University of Athens)
    Abstract: We use the prolonged Greek crisis as a case study to understand how a lasting economic shock affects the innovation strategies of firms in economies with moderate innovation activities. Adopting the 3-stage CDM model, we explore the link between R&D, innovation, and productivity for different size groups of Greek manufacturing firms during the prolonged crisis. At the first stage, we find that the continuation of the crisis is harmful for the R&D engagement of smaller firms while it increased the willingness for R&D activities among the larger ones. At the second stage, among smaller firms the knowledge production remains unaffected by R&D investments, while among larger firms the R&D decision is positively correlated with the probability of producing innovation, albeit the relationship is weakened as the crisis continues. At the third stage, innovation output benefits only larger firms in terms of labor productivity, while the innovation-productivity nexus is insignificant for smaller firms during the lasting crisis.
    Keywords: Small firms, Large firms, R&D, Innovation, Productivity, Long-term Crisis
    JEL: L25 L60 O31 O33
    Date: 2022–08
  2. By: Bäumle, Philipp; Bizer, Kilian
    Abstract: Notwithstanding a recent upsurge in interest in knowledge intermediaries and their roles in innovation and entrepreneurial ecosystems, we know little about the interplay between the activities of academia driven intermediaries and their publicly financed counterparts. Building upon a combination of principles derived from the resource based theory and the entrepreneurial ecosystems literature, this paper investigates the potentials of cooperation between different knowledge intermediaries. Therefore, we analyze the alignment of financial, knowledge, market and network resources in politically funded regional alliances between university internal and university external intermediaries by the means of a qualitative approach. We find that while knowledge intermediaries can benefit from access to additional ecosystem specific resources, the urge to improve the own position within the ecosystem hampers the will for cooperation and can lead to non performing resource alignments. This paper contributes to current scholarly discussions by suggesting and testing a theoretical foundation for analyzing the cooperative behavior of knowledge intermediaries in innovation and entrepreneurial ecosystems.
    Keywords: resource-based view,strategic alliances,knowledge intermediaries,innovation and entrepreneurial ecosystems,qualitative case study
    JEL: I29 O31 O39
    Date: 2022
  3. By: Georgieva, Daniela Ventsislavova; Gateva, Nedka; Georgieva, Teodora; Tsakova, Irina; Jukneviciene, Vita
    Abstract: The dynamic changes in the global environment have a strong impact on value chains in terms of both the economic and innovation performance of individual enterprises and the growth potential of the regions in which they are located. The main goal of the report is to analyse the innovation potential of furniture manufacturing companies in Bulgaria from the perspective of their global value chain (hereinafter GVC) participation. A review of the scientific literature is presented in the first part of the paper, where information regarding the current status, challenges, and opportunities for the innovativeness of the furniture industry is studied. In addition, factors related to the innovation potential of enterprises are outlined, which could have an impact on the GVC by strengthening and expanding their effect to gain new opportunities for national and regional competitiveness. Primary data analysis from a questionnaire survey among furniture manufacturing companies in Bulgaria is presented in the second part of the paper. Emphasis is put on the possibility for adaptation of the innovation potential of furniture manufacturers to the value chains and globalization. These analyses will serve as a basis for further studies on the link between innovativeness and GVC participation in forestry.
    Keywords: global value chain, furniture manufacturers, innovation potential
    JEL: O1 O30 Q0
    Date: 2022–05
  4. By: SDIRI, Hanen
    Abstract: This study utilizes structural equation modeling (SEM) to analyze the extent to which environmental commitment and innovation increase the export intensity of Tunisian firms. Relying on firm-level data from the World Bank Enterprise Survey conducted in 2020, we empirically test how environmental commitment increases export intensity through innovation. This study distinguishes between two types of innovation; product innovation and process innovation. We show that environmental commitment is useful in stimulating both product and process innovation. We find that environmental commitment and product innovation drive exports. Yet, process innovation does not affect exports. Moreover, our results highlight that quality certification interacts with the relationship between environmental commitment and process innovation. The results can help decision-makers understand how environmental commitment represents an important strategy for companies to be more innovative and oriented towards export.
    Keywords: Product innovation. Process innovation. Environmental Commitment. Export intensity. Quality certification. Tunisian firms.
    JEL: F23 F63 F64 O3
    Date: 2022–07–01
  5. By: Marco Celentani (Universidad Carlos III); Miguel García-Posada (Banco de España); Fernando Gómez Pomar (Universitat Pompeu Fabra)
    Abstract: There is no consensus in the academic literature on whether personal bankruptcy laws should be creditor-friendly or debtor-friendly in order to promote entrepreneurship and small business activity. This paper contributes to that literature by analyzing the effect of the introduction of a fresh start policy in Spain in 2015 on the performance of micro-firms as a natural experiment, using Spanish non-micro firms and Portuguese firms as control groups. We find that the reform substantially increased both the probability of filing for bankruptcy by Spanish micro-firms in financial distress (arguably to seek discharge of part of the firm owner’s debt) and the probability of these firms exiting the market, as the fresh start policy requires the liquidation of the debtor’s non-exempt assets. In addition, the reform increased investment and turnover in micro-firms but had no effect on their employment. Finally, the reform also promoted the creation of new micro-firms, especially those involved in innovation activities and in sectors with high productivity.
    Keywords: personal bankruptcy, fresh start, micro-firms, entrepreneurship
    JEL: K35 G33 L25 L26
    Date: 2022–03

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