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on Economics of Strategic Management |
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Issue of 2023‒02‒27
seven papers chosen by João José de Matos Ferreira Universidade da Beira Interior |
| By: | Daniela Bragoli (Università Cattolica del Sacro Cuore - Milano); Flavia Cortelezzi (Insubria University - Como); Massimiliano Rigon (Bank of Italy) |
| Abstract: | In this paper, we investigate whether the cooperation with universities may stimulate the innovative performance of Italian firms. We use a dataset merging information from two different surveys carried out by the Bank of Italy between 2007 and 2010. We derive our results using a two-stage procedure with the aim of ruling out spurious correlations due to the existence of omitted variables. Results show that the cooperation with universities does not affect the likelihood of firms introducing technological innovations. However, when we distinguish between pure technological innovation outcomes (only new products and/or productive processes) and joint innovation outcomes, which involve both organizational and technological changes, we find that only the latter is positively stimulated by the cooperation with universities. These findings are promising since, according to the innovation management literature, joint innovation activities are more successful in transferring new ideas and new business opportunities into market success. |
| Keywords: | university cooperation, technological innovation, organizational innovation, control function |
| JEL: | C35 C36 O30 |
| Date: | 2023–02 |
| URL: | http://d.repec.org/n?u=RePEc:bdi:wptemi:td_1400_23&r=cse |
| By: | Kang, Minsung (Korea Institute for Industrial Economics and Trade) |
| Abstract: | The CDM model, which is mainly utilized in analyses of manufacturing companies, has also been studied for service companies as interest in R&D and service industry innovation has increased. A case study of the CDM model based on the CIS or similar survey of the service industry can be found in Garcia-Pozo, A. et al (2018), De Fuentes, C. et al (2015) and Masso, J., Vahter, P. (2012). They found, using a CDM analysis of a CIS survey in Spain, Mexico and Estonia that investment in product innovation during innovation processes in service sector firms positively affects corporate productivity. But as of yet there are no empirical studies to analyze the performance of Korean service firms’ R&D through the CDM methodology. This work analyzes the performance of R&D at Korean firms through the CDM model. |
| Keywords: | service industry; service R&D; innovation performance |
| JEL: | L80 O32 |
| Date: | 2023–01–08 |
| URL: | http://d.repec.org/n?u=RePEc:ris:kieter:2019_014&r=cse |
| By: | Aliyu Muhammad Nasir (Tunku Puteri Intan Shafinaz School of Accountancy, Universiti Utara Malaysia, Malaysia. Author-2-Name: Ifa Rizad Mustapa Author-2-Workplace-Name: Tunku Puteri Intan Shafinaz School of Accountancy, Universiti Utara Malaysia, Malaysia. Author-3-Name: Kashan Pirzada Author-3-Workplace-Name: Tunku Puteri Intan Shafinaz School of Accountancy, Universiti Utara Malaysia, Malaysia. Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:) |
| Abstract: | " Objective - This study conceptually examines a link between corporate governance, intellectual capital disclosure, and firm performance. With the support of signaling theory, this paper develops propositions for the relationship among corporate governance, intellectual capital disclosure, and firm performance. Methodology/Technique - The development and conclusion of this discursive paper as a conceptual one point out the possible relationship among corporate governance, intellectual capital disclosure, and firm performance. The underlying methodology of institutional discourse and integration with dynamic parameters is formalized. Findings - The results of the conceptual framework of this paper on corporate governance are contrasted with the approach to corporate governance in mainstream literature. Also examined is the theoretical and philosophical background of corporate governance, intellectual capital disclosure, and firm performance. Novelty - Although the importance of intellectual capital to firm performance is well established, the triple relationship between the board nomination and governance committee and the board remuneration committee, intellectual capital disclosure, and firm performance is exposed based on the effect of one on another. Type of Paper - Empirical." |
| Keywords: | Corporate Governance, Intellectual Capital Disclosure, Nomination Committee, and Firm Performance. |
| JEL: | M40 M41 M49 |
| Date: | 2022–12–31 |
| URL: | http://d.repec.org/n?u=RePEc:gtr:gatrjs:afr219&r=cse |
| By: | Boa, I.; Elliott, M.; Foster, D. |
| Abstract: | Merger analysis typically focuses on possible strategic price effects in markets where there is existing competition between the merging firms. We refer to this as the product based approach. This paper proposes a complementary approach based on an assessment of the merging firms’ capabilities that can provide insights on potential merger effects, including in circumstances where the product based approach offers little practical guidance to antitrust authorities. Our approach is rooted in the resource-based view of business strategy that starts from the premise that it is a firm’s capabilities (sometimes called core competencies), which drive its competitive advantage across markets. We argue that mergers in which firms’ capabilities are less overlapping are more pro-competitive on several dimensions: immediate competition in overlapping markets, immediate competition in other markets, long-run competition and innovation. |
| Date: | 2023–02–03 |
| URL: | http://d.repec.org/n?u=RePEc:cam:camdae:2312&r=cse |
| By: | Laura Carraresi (LEM - Lille économie management - UMR 9221 - UA - Université d'Artois - UCL - Université catholique de Lille - Université de Lille - CNRS - Centre National de la Recherche Scientifique); Stefanie Bröring |
| Abstract: | This paper aims to elucidate how companies can innovate their business model to strengthen their resilience and timely respond to current ecosystem challenges, like the emergence of new cross-industry value chains in the circular economy. The adoption of new sustainable technologies leads to the disruption of current linear settings and to the need of business model innovation. This study draws upon a case study from the circular economy rooted in by-product valorisation and presents an innovative bio-based process enabling phosphate recovery from rapeseed oil press-cakes. Incumbent actors of established (linear) value chains have been interviewed to highlight potential business model innovation. To this end, an inductive theory-building case study approach has been applied. Results reveal that a business model redesign is needed in order to build novel circular value chains, but it depends on chain actors' capacity to adapt to change, namely to be resilient. The new value proposition needs to reach new customer targets more sensitive to sustainability issues and/or to enhance the awareness towards bio-based technological solutions into extant customers. Value creation and capture highly depend on the coordinating role of the chain actor willing to invest in the new bio-based technology, which becomes the focal company within the emergent value chain. Two scenarios are open, according to who is playing this role: if the new recovery and release process is carried out by an incumbent, the new process requires exploratory, transformative and exploitative learning together with extra investments in highly specific assets and the establishment of new cross-industry relationships to complement missing assets and knowledge about such technological breakthroughs available on the market. If a new actor enters the emerging value chain, business model innovation is mediated and moderated by a company owning both tangible and intangible resources, thus catalysing technology implementation. |
| Keywords: | Business model innovation, Cross-industry relationships, Sustainability transition, Value creation, By-product valorisation, Resilience |
| Date: | 2021–03–20 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-03267359&r=cse |
| By: | Kim, Jisoo (Korea Institute for Industrial Economics and Trade) |
| Abstract: | Since the importance of innovation as a means of industrial development and economic growth has been emphasized, the region has played a key role as an appropriate spatial unit of innovation policy and a spatial scope in which connections and exchanges between innovators are more active. However, the rapidly changing industrial environment requires to redefine the direction of regional innovation policies and rethink their design. The main purpose of this study is to derive implications for promoting interaction between innovators and suggest policy directions. For this, we identify innovation networks in each region, analyze the status and characteristics of interactions in the networks, and diagnose the structure of relationships among innovation actors. |
| Keywords: | innovation; regional innovation; regional networks; innovation policy; Korea; COVID-19 |
| JEL: | O38 R58 |
| Date: | 2021–08–01 |
| URL: | http://d.repec.org/n?u=RePEc:ris:kieter:2021_014&r=cse |
| By: | Moreira, Hugo |
| Abstract: | At a systems level data, knowledge and technology are interconnected. Data is the raw material that is used to create knowledge, and technology is the application of knowledge. In recent decades, the growth of data technology has been exponential due to the development of digital technologies such as computers and the internet. The General Data Protection Regulation (GDPR) was implemented in response to the increasing use of data by private companies and the inadequacy of the 1995 Directive on Data Protection in addressing these issues. The GDPR has effectively strengthened data protection in the EU through its harmonization with the European Data Protection Board, the requirement for Data Protection Officers within data controllers' organizations, and the implementation of clear rules and explicit fines. However, it is important to recognize the limitations of the regulation, including its selective nature regarding the growth of personal data and the potential negative impact on citizens' knowledge about themselves. An efficiency and efficacy analysis found that it has contributed to the development of a common European data protection culture and the protection of individuals' rights, though it has had a negative impact on the financial performance of some companies. A systems analysis using systems thinking illustrates the implications of the regulation for the functioning of societal systems and the relationships between them. As data technology and the use of data-driven synthetic agents like AI continue to advance, it may be necessary to consider alternative approaches, such as focus on anonymization, in future addiction to the data protection regulatory framework. |
| Date: | 2023–01–06 |
| URL: | http://d.repec.org/n?u=RePEc:osf:socarx:f4zvy&r=cse |