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on Economics of Strategic Management |
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Issue of 2023‒01‒23
four papers chosen by João José de Matos Ferreira Universidade da Beira Interior |
| By: | Link, Albert (University of North Carolina at Greensboro, Department of Economics); Sardar, Rashedur (University of North Carolina at Greensboro, Department of Economics) |
| Abstract: | We quantify, using data from the World Bank’s Enterprise Surveys and the World Economic Forum’s Global Competitiveness Index, the empirical relationship between global competitiveness and R&D investment activity as well as the independent relationship between global competitiveness and R&D investments across geographic regions of economic development. We also explore alternative measures of the effectiveness of R&D investments. Our findings suggest that R&D investments are a possible policy target variable in high-income regions for policy makers to consider for increasing firms’ global competitiveness. |
| Keywords: | R&D; global competitiveness; entrepreneurship; regional growth; program management; |
| JEL: | H11 L26 O32 O38 |
| Date: | 2023–01–04 |
| URL: | http://d.repec.org/n?u=RePEc:ris:uncgec:2023_001&r=cse |
| By: | Marco Caliendo (University of Potsdam, IZA, DIW, IAB); Alexander Kritikos (DIW Berlin, University of Potsdam, IZA, IAB); Daniel Rodriguez (University of Potsdam); Claudia Stier (University of Potsdam) |
| Abstract: | Self-efficacy reflects the self-belief that one can persistently perform difficult and novel tasks while coping with adversity. As such beliefs reflect how individuals behave, think, and act, they are key for successful entrepreneurial activities. While existing literature mainly analyzes the influence of the task-related construct of entrepreneurial self-efficacy, we take a different perspective and investigate, based on a representative sample of 1, 405 German business founders, how the personality characteristic of generalized self-efficacy influences start-up performance as measured by a broad set of business outcomes up to 19 months after business creation. Outcomes include start-up survival and entrepreneurial income, as well as growth-oriented outcomes such as job creation and innovation. We find statistically significant and economically important positive effects of high scores of self-efficacy on start-up survival and entrepreneurial income, which become even stronger when focusing on the growth-oriented outcome of innovation. Furthermore, we observe that generalized self-efficacy is similarly distributed between female and male business founders, with effects being partly stronger for female entrepreneurs. Our findings are important for policy instruments that are meant to support firm growth by facilitating the design of more target-oriented offers for training, coaching, and entrepreneurial incubators. |
| Keywords: | entrepreneurship, firm performance, general self-efficacy, survival, job creation, innovation |
| JEL: | L26 M13 D91 |
| Date: | 2023–01 |
| URL: | http://d.repec.org/n?u=RePEc:pot:cepadp:61&r=cse |
| By: | Jos\'e M. Gaspar; Minoru Osawa |
| Abstract: | This paper analyses a two-region model with vertical innovations that enhance the quality of varieties of the horizontally differentiated manufactures produced in each of the two regions. We look at how the creation and diffusion of knowledge and increasing returns in manufacturing interact to shape the spatial economy. Innovations occur with a probability that depends on the inter-regional interaction between researchers (mobile workers). We find that, if the weight of interaction with foreign scientists is relatively more important for the success of innovation, the model accounts for re-dispersion of economic activities after an initial stage of progressive agglomeration as transport costs decrease from a high level. |
| Date: | 2022–12 |
| URL: | http://d.repec.org/n?u=RePEc:arx:papers:2212.14475&r=cse |
| By: | Chatzinikolaou, Dimos (Democritus University of Thrace, Department of Economics); Vlados, Charis (Democritus University of Thrace, Department of Economics) |
| Abstract: | Purpose This paper aims to explore how the owners of less competitive micro-firms (MFs) perceive the “crisis–innovation–change management” triangle. It examines whether their understanding of these overarching entrepreneurship theory principles is inadequate compared to the relevant scientific literature. Design/methodology/approach This qualitative analysis follows principles based on the inductive method and grounded theory, thickly describing the results from research conducted in a sample of 38 tertiary-sector MFs in the Eastern Macedonia and Thrace region – one of the least developed and competitive areas across Europe. It triangulates the data with 11 respective small firms. Findings MF owners perceive the crisis as an ostensibly exogenous phenomenon, innovation as something quasi-unattainable – although vaguely significant – and change management as a relatively unknown process. This understanding lies somewhat distant from the extant literature that examines the structural nature of crises, the innovational power to exit profound restructurings and the rebalancing requisite for building new overall organizational methods to survive this internal–external transformation. In essence, the triangle crisis–innovation–change management is a blind spot for the examined MF owners as they ignore its significance as an adaptation mechanism – contrary to several direct competitors. Social implications Based on the reluctance of these individuals to cultivate their systematic business knowledge, it seems unrealistic that they would seek to pay the necessary high price for business consulting in the future. An ideal solution would be to build public entrepreneurship clinics to provide these less dynamic and adaptable organizations with free preliminary or in-depth counseling. The Institute of Local Development-Innovation could aim to provide free consulting services to reinforce organizational physiology by coordinating different socioeconomic actors. Originality/value To the best of our knowledge, this empirical research is one of the first to test the comprehension of weaker MFs – less competitive and developed in organizational terms – to the triangle crisis–innovation–change management. |
| Keywords: | Entrepreneurship; Micro-firms; Crisis; Innovation; Change management; Entrepreneurship reinforcement policy |
| JEL: | L26 L53 O10 |
| Date: | 2022–10–03 |
| URL: | http://d.repec.org/n?u=RePEc:ris:duthrp:2022_006&r=cse |