nep-cse New Economics Papers
on Economics of Strategic Management
Issue of 2023‒07‒10
six papers chosen by
João José de Matos Ferreira
Universidade da Beira Interior

  1. The dark side of green innovation? Green transition and regional inequality in Europe By Nils Grashof; Stefano Basilico;
  2. Evaluation and Learning in R&D Investment By Alexander P. Frankel; Joshua L. Krieger; Danielle Li; Dimitris Papanikolaou
  3. The resilience of business ecosystems in the post-COVID-19 era: Notes on the European Recovery and Resilience Facility By Chatzinikolaou, Dimos; Vlados, Charis
  4. Does Green Transition promote Green Innovation and Technological Acquisitions? By BOSE Udichibarna; GREGORI Wildmer; MARTINEZ CILLERO Maria
  5. Conceptual Mutations of Change Management and the Strategy–Technology–Management Innovation By Vlados, Charis
  6. The contribution of R&D specialist institutions to R&D performance: Findings from the NESTI 2022 pilot data collection By Fernando Galindo-Rueda; Brigitte van Beuzekom

  1. By: Nils Grashof; Stefano Basilico;
    Abstract: This study explores the regional diversification processes into green technologies (2000- 2017) and their implications for regional inequalities. Utilizing patent and Eurostat data, we analyze these processes along the economic strength of regions and the nature of their knowledge base. Our findings reveal that both structurally strong and weak regions can successfully diversify into green technologies if they possess related technological capabilities. However, brown regions cannot do so. Already existing patterns of divergence between these two types of regions are unlikely to be exacerbated by a green transition, but new regional disparities between brown regions and other regions could emerge.
    Keywords: dark side of innovation, inequality, regional diversification, regional inequality, green innovation, green transition
    JEL: O32 O33 R11
    Date: 2023–06
  2. By: Alexander P. Frankel; Joshua L. Krieger; Danielle Li; Dimitris Papanikolaou
    Abstract: We examine the role of spillover learning in shaping the value of exploratory versus incremental R&D. Using data from drug development, we show that novel drug candidates generate more knowledge spillovers than incremental ones. Despite being less likely to reach regulatory approval, they are more likely to inspire subsequent successful drugs. We introduce a model where firms are better able to evaluate the viability of incremental drugs, but where investing in novel drugs helps firms learn about future projects. Firms appear to put more value on evaluation versus learning, and those patterns are in-part driven by the appropriability of spillovers.
    JEL: G11 L65 O31 O32 O34
    Date: 2023–05
  3. By: Chatzinikolaou, Dimos (Democritus University of Thrace, Department of Economics); Vlados, Charis (Democritus University of Thrace, Department of Economics)
    Abstract: Today’s COVID-19 crisis drives various socioeconomic systems to a profound readjustment and restructuring. This presentation aims to examine the need to reinforce the resilience of business ecosystems, suggesting future research avenues mainly at the regional level. In terms of design, a synthesis of the resilience and business ecosystems’ concepts is approached, followed by introducing essential elements concerning the European Recovery and Resilience Facility (RRF). The conclusions are twofold. First, the resilience of business ecosystems is a significant development pillar for the post-COVID-19 era, even though the RRF does not include provisions for regional development (the national authorities are responsible). Second, the resilience of local and regional authorities is significant, especially in areas where small and medium-sized enterprises (SMEs) rely on activities affected by the pandemic, such as tourism and transport. Further research could focus on the relationship between SME innovation and critical infrastructure.
    Keywords: COVID-19 crisis; business ecosystems; resilience; Recovery and Resilience Facility
    JEL: D04 F60 F63
    Date: 2021–10–12
  4. By: BOSE Udichibarna; GREGORI Wildmer; MARTINEZ CILLERO Maria (European Commission - JRC)
    Abstract: Our study 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 green acquirors (i.e., firms with green patents) are more inclined to enter into acquisition deals with green firms due to their technological proximity and informational advantages. However, after the Paris Agreement, green acquisitions by non-green acquirors increased especially from those in climate policy-relevant sectors and based in countries with low environmental standards. We also find that 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.
    Keywords: Acquisitions, Green patents, Firm Innovation, Paris Agreement, Green Transition
    Date: 2023–05
  5. By: Vlados, Charis (Democritus University of Thrace, Department of Economics)
    Abstract: Change management theory arises from various scientific fields of socioeconomic sciences, expressed either implicitly or explicitly as an interdisciplinary subject. This theory-building contribution aims to critically examine fundamental theoretical dimensions of management by elliptically investigating different managing change theories and suggesting a refocused conceptual framework. Specifically, some notable managing change perspectives are presented, such as the learning organisation, the leading change context, and doing business in the age of chaos. We contend that the most profound problems for managing change originate from the organisation’s “Stra.Tech.Man” physiological core of innovation, which refers to the effective strategy–technology–management synthesis. Against this theoretical backdrop, a repositioned five-step Stra.Tech.Man change management process is proposed, which is structurally extended to all socioeconomic organisations.
    Keywords: change management; learning organisation; systems thinking; organisation’s reinvention; paradigm-shift; change in the organisation’s mind; maintaining balance; results-based change management; leading change; doing business in the age of chaos; Stra.Tech.Man organisational generator
    JEL: B52 M11 O32
    Date: 2022–12–12
  6. By: Fernando Galindo-Rueda; Brigitte van Beuzekom
    Abstract: Long-standing policy interest in the role of organisations specialised in research and experimental development (R&D) raises questions about how these organisations are classified under different institutional sectors and contribute to R&D statistics This paper reports on the findings of the pilot data collection conducted in 2022. The results show a diverse range of R&D specialist ecosystems as well as major reporting gaps. The ultimate aim of this exercise and its recommendations is to demonstrate how several OECD countries are able to provide meaningful statistical results using OECD guidance and promote the mainstreaming of reporting into future national and OECD R&D statistics.
    JEL: O30 O32 C80
    Date: 2023–06–13

This nep-cse issue is ©2023 by João José de Matos Ferreira. It is provided as is without any express or implied warranty. It may be freely redistributed in whole or in part for any purpose. If distributed in part, please include this notice.
General information on the NEP project can be found at For comments please write to the director of NEP, Marco Novarese at <>. Put “NEP” in the subject, otherwise your mail may be rejected.
NEP’s infrastructure is sponsored by the School of Economics and Finance of Massey University in New Zealand.