nep-cse New Economics Papers
on Economics of Strategic Management
Issue of 2023‒05‒29
seven papers chosen by
João José de Matos Ferreira
Universidade da Beira Interior

  1. University as a Knowledge Source of Innovation: A spatial analysis of the impact on local high-tech startup creation By MOTOHASHI Kazuyuki; ZHAO Qiuhan
  2. Intangible Capital as a Production Factor. Firm-level Evidence from Austrian Microdata By Klaus Friesenbichler; Agnes Kügler; Julia Schieber-Knöbl
  3. "A Study on Strategic Application of Business Ecosystem to Practical Management System" By Daisuke Sato
  4. Innovative HRM Designers: The Design Regimes of Human Resource Management in French Industrial History By John Levesque; Cédric Dalmasso; Sophie Hooge
  5. Social Impact & Project Performance Measurement Methods and Challenges in Practice: A Study on Women Empowerment NGOs By Fatma Koroglu
  6. Covid-19 Crisis and Shifts in the Corporate Competitive Landscape: Comparisons with Previous Economic Crises By Yoon, Sang-Ha; Baek, Yaein; Han, Wontae; Lee, Yoonsoo; Kim, Daisoon
  7. Does green transition promote green innovation and technological acquisitions? By Udichibarna Bose; Wildmer Daniel Gregori; Maria Martinez Cillero

  1. By: MOTOHASHI Kazuyuki; ZHAO Qiuhan
    Abstract: This study contributes to the empirical analysis of specific distances in knowledge spillover effects. We propose a geographical distance-based approach to precisely measure the proximity of knowledge spillover from a university's research activities to high-tech startups in surrounding regions. Most current research measuring knowledge spillover typically use states and cities as the statistical caliber, making it difficult to capture the exact extent of knowledge spillover within cities. In this study, we constructed panel data for Japan for 1998-2018 by dividing the research area into 1*1 km2 meshes and geocoding firms (high-tech startups and firms without patents), university patents, and paper data, and subsequently using each mesh as the basic unit. Additionally, variables containing geographical proximity information were calculated by constructing multiple buffers for each mesh. Our findings show that i) the spillover effects of university research attenuate with distance - rapidly within a 2 km range, and slowly thereafter; and ii) patents are more private and localized than papers. The knowledge spillover effect of university patents attenuates more rapidly with distance.
    Date: 2023–04
  2. By: Klaus Friesenbichler; Agnes Kügler; Julia Schieber-Knöbl (Statistics Austria)
    Abstract: We examine the role of intangible capital as a production factor using Austrian firm-level register data. Descriptive statistics show that intangible investment has increased over time. The intensive and extensive margins of firms' investments are highly skewed. They differ across sectors. A series of sample splits show that the components of intangible capital play different roles as inputs in the production function. Software and especially licenses are important for SMEs and exporters. Research and development play an important role in production in all specifications. For firms that continuously invest in intangible capital, all components of intangible capital gain importance in the production functions. These patterns differ from those found in previous studies and have implications for the strategic orientation of industrial and innovation policy.
    Keywords: Intangible capital, R&D, Firm level productivity, Investment, Production function, Austria
    Date: 2023–05–10
  3. By: Daisuke Sato (Graduate School of Symbiotic Systems Science and Technology, Fukushima University, Japan Author-2-Name: Masaru Ishioka Author-2-Workplace-Name: Faculty of Symbiotic Systems Science and Technology, Fukushima University, Fukushima, Japan Author-3-Name: Author-3-Workplace-Name: 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 - Recently, the market environment has been rapidly changing, and it is difficult for companies to deal with these changes independently. As a countermeasure to these changes, it is considered effective for companies to build ecosystems as solidarity for sharing knowledge or technology with various organizations outside their companies. Methodology - However, the concept of ecosystems in business is vague and complicated. This makes it difficult for companies to apply ecosystem theory to management strategies. To solve these problems, it is necessary to make the theory of ecosystems available to companies to apply their management strategies. Findings - For that reason, based on previous studies, this study categorizes multiple concepts of ecosystems that have developed in an ambiguous state based on the theoretical background, definitions, and characteristics. Also, this study analyzes the types of multiple complementarities, which is a fundamental element of many ecosystem concepts, and organized the ecosystem concepts. Based on this, we present the ""Ecosystem construction framework"" and the ""Process for conception management Strategies utilizing ecosystems"" as models for incorporating ecosystem theory into management strategies. Novelty - A deeper understanding of ecosystems through this research is expected to stimulate the sharing of management resources among various organizations by utilizing ecosystems. Type of Paper - Empirical"
    Keywords: Business ecosystem, Innovation management, Resources Management, Affiliation approach, Structural Approach.
    JEL: L26 L29
    Date: 2023–03–31
  4. By: John Levesque (CGS i3 - Centre de Gestion Scientifique i3 - Mines Paris - PSL (École nationale supérieure des mines de Paris) - PSL - Université Paris sciences et lettres - I3 - Institut interdisciplinaire de l’innovation - CNRS - Centre National de la Recherche Scientifique); Cédric Dalmasso (CGS i3 - Centre de Gestion Scientifique i3 - Mines Paris - PSL (École nationale supérieure des mines de Paris) - PSL - Université Paris sciences et lettres - I3 - Institut interdisciplinaire de l’innovation - CNRS - Centre National de la Recherche Scientifique); Sophie Hooge (CGS i3 - Centre de Gestion Scientifique i3 - Mines Paris - PSL (École nationale supérieure des mines de Paris) - PSL - Université Paris sciences et lettres - I3 - Institut interdisciplinaire de l’innovation - CNRS - Centre National de la Recherche Scientifique)
    Abstract: The topic of Strategic Human Resource Management (SHRM)'s impact on a firm's innovativeness (or its contribution to innovation, as it is often phrased) has been an ongoing subject of academic debate for the past 2 decades, for both the HRM and the innovation management communities. Indeed, if the purpose of SHRM is to allow "the choice, alignment, and integration of an organization's HRM system so that its human capital resources most effectively contribute to strategic business objectives." (Kaufman, 2015, p.404), then it becomes quickly relevant to understand in what ways the HRM systems contribute to a firm's innovative activities. This type of questioning has produced several works on topics such as 1) how specific HRM strategies, practices or tools directly or indirectly affect a firm's capability to innovate, through its workforce, whether it be employees, managers, or professionals from other support functions; 2) whether the HRM function, characterized by its actors, themselves innovate, to provide the firm with new strategies, practices or tools; 3) how HRM professionals help the firm to respond to external innovations that disrupt its organization and threaten its core activity. It is not coincidental that the same period has been characterized by a profound shift in the context in which firms, particularly large industrial ones, have been operating. Today, the disruptive effects of exogenous breakthrough innovation are no longer an isolated or ephemeral phenomenon: digital transformation, for instance, has become a reality for most industries, creating observable impacts across all sectors of activity, as well as the functions that drive them. This context of intensive innovation, which imposes an acceleration of the pace and intensity of innovation (Christensen, Raynor & Anthony, 2003; Hatchuel et al., 2010; Midler, 2002; Phelps, 2013), implies being able to establish an ambidextrous approach to the firm's activities and steer continuous exploration activities (March, 1991) to renew "dynamic capabilities" simultaneously (Teece, 2007). This current context impacts the entire organization of firms, thereby generating important repercussions on their employees. As a result, Human Resources Departments today are faced with problems that call into question the sustainability of their operations and, by extension, of the firms they support: the actors of HRM find themselves having to deal with new challenges, such as accompanying and/or preventing the accelerated mutation of strategic skills, managing the loss or appearance of knowledge and expertise, as well as recruiting or implementing training programs in the face of unknown futures, or assessing the value of the work of exploring innovative project teams (Wright, Nyberg & Ployhart, 2018). At the SHRM level, this brings both practitioners and researchers to wonder how to ensure an alignment between the firm's goals and its available human resources if its strategies keep changing in real time and their employees' competences (sometimes even highly specialized ones) are being made less relevant by exogenous innovations. Yet, this new context is far from being the first transformative episode to challenge HRM systems and practices: on the contrary, the HR function has a rich history of evolution and diversification when it comes to its mechanisms. The present paper is built on the theory that HRM actors have long been unrecognized designer collectives, who have regularly mobilized their resources and organized creative processes to introduce new managerial solutions, in the form of innovative processes, structures and tools. To test this theory, a longitudinal qualitative study was performed, using the conceptual framework on design regimes to identify collective design phenomena within the evolution of the HRM function throughout industrial French history. The main source of historical data was obtained from Jean Fombonne's seminal work "Personnel & HRM: the affirmation of the Personnel function in [industrial] firms (France, 1830-1990" . The article starts by presenting a review of the literature on HRM contributions to a firm's innovative activities and highlight the enduring absence of a framework to describe the "design activity" expected from SHRM actors. Subsequently, the research question will be presented, and the following longitudinal study will rely on the conceptual framework of design regimes to analyze the historical evolution of the HRM function in French industrial firms. This approach will aim to confirm the hypothesis that HRM actors have historically demonstrated collective design activities that mirror those of industrial engineers, albeit in a less formal way. The core managerial implication of this work is that HRM actors, can build on this history of informal design activity to institutionalize HRM design practices and empower SHRM actors to create better dynamic alignments in intensely innovative situations.
    Keywords: HRM - Human resource management, Design Theory, Design Regimes, HRM History
    Date: 2022–04–21
  5. By: Fatma Koroglu (Management Engineering Department, Istanbul Technical University, 34367, Istanbul, Turkey Author-2-Name: Assoc. Prof. Nihan Yıldırım Author-2-Workplace-Name: Management Engineering Department, Istanbul Technical University, 34367, Istanbul, Turkey Author-3-Name: Author-3-Workplace-Name: 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 explores the social impact measurement (SIM) methods and the associated challenges from the perspective of women empowerment NGOs in Turkey. A literature review was conducted regarding the social impact measurement of non-profit organizations, social impact tools and frameworks, challenges of the social impact measurement, and business information systems used in social impact and project performance tools. Methodology – After that, a structured interview was designed and implemented to examine the output, outcome, and social impact measurement processes of 11 women's empowerment NGOs in Turkey. Findings – Coding of the data and thematic analysis was conducted based on that qualitative research, and extremely insightful findings were revealed. The lack of expertise, budget, human resources, and established processes are significant challenges for women empowerment NGOs in Turkey. Also, the results of this empirical study indicated the need for digital tools and platforms for social impact measurement, which may also be a cost-saving tool enabling knowledge transfer and process efficiency for SIM. Novelty –Together with that, the study provided unique findings that may contribute to the literature, which address some of the SIM challenges caused by funder organizations' budgeting policies and lack of demand for detailed SIM reports. Type of Paper: Empirical "
    Keywords: Social Impact Measurement; Women Empowerment NGOs; Social Entrepreneurship; Social Impact Evaluation; Non-profit Organizations
    JEL: Q19 Q22
    Date: 2023–03–31
    Abstract: In terms of economic fluctuations, it is well recognized that the effects of an economic crisis have a detrimental impact on the entry, growth, decline, and exit of firms. In addition, the magnitude of the impact varies both within and between industries depending on the size and other characteristics of the firm. The economy is going through significant changes due to the emergence of new industries and the decline or disappearance of current ones.This study looks at how big economic events like the COVID-19 pandemic and the global financial crisis have affected businesses and industries. After completing a study at several levels of top international corporations, larger domestic enterprises, and domestic small and medium-sized businesses, it attempts to draw policy implications.First, it is necessary to foster and support top-tier companies to defend against global economic fluctuations and strengthen international competitiveness. In particular, the institution in charge of competition policies domestically and the institution that helps companies improve their competitiveness are different and the focus of policies is distinctive, so comprehensive attention and perspective of policymakers are needed.Second, it is urgent to respond to new issues related to competition policy in the domestic market. The behavior of emerging big tech and platform companies is different from monopoly companies in the past, so consumer welfare is not impaired, but it burdens nearby and other market participants. Therefore, a view that deviates from the focus on monopoly pricing is also essential for competition policy.Third, measures to support global corporate growth and countermeasures against changes in the industrial landscape should be prepared. Investment and R&D expansion at the corporate level is essential for corporate growth, and measures are needed to boost investment in recently emerging intangible assets. In addition, it is important to revitalize the movement of economic resources to cope with changes in the inter-industry landscape accompanied by the crisis.Fourth, policies to revitalize start-ups and closures are required. The decline in new companies' market entry and exit rates is a symtom of an aging economy contributing to the overall decrease in productivity. Therefore, enhancing the revitalization of the corporate ecosystem and expanding the size of enterprises are essential to enhance the dynamics of the economy.(the rest ormitted)
    Keywords: Covid-19 Crisis; Corporate Competitive Landscape
    Date: 2023–04–13
  7. By: Udichibarna Bose; Wildmer Daniel Gregori; Maria Martinez Cillero
    Abstract: This analysis explores the implications of technological shifts towards greener and sustainable innovations on acquisition propensity between firms with different technological capacities. Using a dataset of completed control acquisition deals over the period of 2009-2020 from 23 OECD countries, we find that innovative firms are more likely to acquire innovative target companies. We also find that green acquirors (i.e. firms with green patents) are more inclined to enter into acquisition deals with green firms, possibly due to their technological proximity and informational advantages which further enhances their post-acquisition green innovation performances. Our results also show an increase in green acquisitions after the Paris Agreement by non-green acquiror firms, and these are more pronounced for acquirors in climate policyrelevant sectors and countries with low environmental standards than their counterparts. However, green acquisitions after the Paris Agreement do not show any significant impact on their post-acquisition innovation performances, raising concerns related to greenwashing behaviour by investing firms.
    JEL: G34 O30 Q54
    Date: 2023

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