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on Economics of Strategic Management |
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Issue of 2024‒02‒26
eleven papers chosen by João José de Matos Ferreira, Universidade da Beira Interior |
| By: | Sofia Anyfantaki; Yannis Caloghirou; Konstantinos Dellis; Aikaterini Karadimitropoulou; Filippos Petroulakis |
| Abstract: | We document and analyse key deficiencies of the Greek economy, with the view to providing new insights and articulate policy proposals. We consider issues which are the purview of both horizontal policies, raising productivity across sectors, and vertical policies, which allow for realignment of activity. With respect to the first dimension, we focus on two specific problem-areas of Greek industry, with high importance: skills and management practices. We also use information from a novel survey on entrepreneurship, technological developments, and regulatory change and examine structural characteristics of innovation and technology adoption of Greek firms, with a focus on the role of size, ownership structure, and global value chain participation. With respect to the second dimension, we provide an overview of Greece’s export performance and analyse its sectoral comparative advantage. In an empirical study we also focus on the determinants of export sophistication. Overall, the collection of our empirical findings provides ample fodder for concrete policy proposals to increase productivity in Greek manufacturing. |
| Keywords: | skills; management, innovation, knowledge, export sophistication. |
| JEL: | D22 F10 J24 J50 L22 O32 |
| Date: | 2024–02 |
| URL: | http://d.repec.org/n?u=RePEc:hel:greese:193&r=cse |
| By: | Bourjila Mountacer (UIT - Université Ibn Tofaïl); Ayoub El Bahi (UIT - Université Ibn Tofaïl) |
| Abstract: | This research investigates the impact of technological innovation adoption on the organizational culture of Small and Medium-sized Enterprises (SMEs) in Morocco. The central research question explores how the adoption of technological innovation influences cultural dynamics within Moroccan SMEs. Employing a questionnaire-based methodology with 183 responses, the study aims to shed light on the intricate relationship between technological innovation and organizational culture in the context of Moroccan SMEs. The study reveals two key findings. Firstly, it is observed that the adoption of technological innovation serves as a robust driver to stimulate a culture of efficiency within the surveyed SMEs. Secondly, the research underscores the emergence of tensions within Moroccan SMEs arising from resistance to technological change. However, the principal limitation of this study is the restricted number of respondents, which may limit the generalizability of our findings to the broader landscape of Moroccan SMEs. Despite this limitation, the insights gleaned offer valuable perspectives and a foundation for future research to further explore the nuanced interplay between technological innovation and organizational culture in Moroccan SMEs. In summary, this study contributes valuable insights into the nexus between technological innovation and organizational culture within Moroccan SMEs. The findings underscore the dual nature of this relationship, acting as both a catalyst for efficiency-driven cultural enhancement and a source of tension due to resistance to change. The implications of these findings extend beyond the confines of individual SMEs, offering guidance for policymakers, industry practitioners, and scholars seeking to understand and facilitate the positive integration of technological innovation in diverse organizational settings. Keywords: Technological innovation; Organizational culture; Moroccan SMEs. |
| Keywords: | Technological innovation, Organizational culture, Moroccan SMEs |
| Date: | 2024 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-04401627&r=cse |
| By: | NIREI Makoto; OIKAWA Koki; OROKU Masahiro |
| Abstract: | Patents applied by private firms occasionally cite scientific papers. We regard these citations as a signal that the research project of the applying firms involves basic research, and examine the relationship between basic research and firm performance. Firms conducting basic research are more likely to earn higher profit margins, while no monotonic relationship is observed between basic research and sales size. We then construct an endogenous growth model incorporating the basic research investment by heterogeneous firms. Firms' decisions regarding basic research depend on firm size, the necessity for basic research for developing their products, and the degree of knowledge spillover from external basic research results. Quantitative analysis using this model reveals how basic research spillover effects impact economic growth, and how declining R&D efficiency, which has been reported in the literature in recent years, leads to lower growth. Furthermore, we compare public basic research investment with basic research subsidies and demonstrate that the latter is more efficient as a growth policy. |
| Date: | 2024–02 |
| URL: | http://d.repec.org/n?u=RePEc:eti:dpaper:24013&r=cse |
| By: | Miguel Angel Montanes-Del-Rio; Jose Aurelio Medina-Garrido |
| Abstract: | Tourism's increasing share of Gross Domestic Product throughout the world, its impact on employment and its continuous growth justifies the interest it raises amongst entrepreneurs and public authorities. However, this growth coexists with intense competition; as a result of which, tourism companies must continuously innovate in order to survive and grow. This is evident in the diversification of tourism products and destinations, the improvement of business processes and the incorporation of new technologies for intermediation, amongst other examples. This paper expounds on the factors that explain the propensity for innovation amongst tourism entrepreneurs and it may help governments to promote innovation that is based on those determining factors. The hypotheses are tested using a logistic regression on 699 international tourism entrepreneurs, taken from the 2014 Global Adult Population Survey of the Global Entrepreneurship Monitor project. The propensity for innovation amongst tourism entrepreneurs has a statistically significant relationship to gender, age, level of education and informal investments in previous businesses. |
| Date: | 2023–12 |
| URL: | http://d.repec.org/n?u=RePEc:arx:papers:2401.13679&r=cse |
| By: | Nicoletta Corrocher; Simone Maria Grabner; Andrea Morrison |
| Abstract: | To promote a more environmentally sustainable economy, countries need to broaden their innovation activities to include green technologies. In this process, the increasing global interconnectedness and internationalisation of innovative activities underlines the growing importance of external knowledge linkages. This paper examines how different categories of countries - technological leaders, catching-up countries and follower countries - diversify into green technologies by exploiting different types of external linkages through co-inventions with international partners. The dataset covers 49 countries over a period of 40 years. The results show that it is complementary linkages, rather than external linkages alone, that facilitate related diversification in the green sector. Moreover, while complementary linkages have a significant impact on the ability of catching-up countries and followers to diversify into less complex and widely diffused green technologies, the diversification pattern of leaders is more oriented towards complex technologies in their early stages. Therefore, green technology development policies should actively promote international cooperation as it has the potential to catalyse green catching-up and foster sustainable growth. |
| Keywords: | technological diversification, green technologies, co-inventor linkages, relatedness, catching-up |
| JEL: | O33 Q55 |
| Date: | 2024–02 |
| URL: | http://d.repec.org/n?u=RePEc:egu:wpaper:2404&r=cse |
| By: | Antonio Rafael Ramos-Rodriguez; Salustiano Martinez-Fierro; Jose Aurelio Medina-Garrido; Jose Ruiz-Navarro |
| Abstract: | In the past 15 years, two international observatories have been intensively studying entrepreneurship using empirical studies with different methodologies: GEM and PSED. Both projects have generated a considerable volume of scientific production, and their intellectual structures are worth analyzing. The current work is an exploratory study of the knowledge base of the articles generated by each of these two observatories and published in prestigious journals. The value added of this work lies in its novel characterization of the intellectual structure of entrepreneurship according to the academic production of these two initiatives. The results may be of interest to the managers and members of these observatories, as well as to academics, researchers, sponsors and policymakers interested in entrepreneurship. |
| Date: | 2023–12 |
| URL: | http://d.repec.org/n?u=RePEc:arx:papers:2401.13684&r=cse |
| By: | Busch, Malte; Duwe, Daniel |
| Abstract: | Artificial Intelligence (AI) is playing an increasingly important role in innovation processes. Using the example of an innovation research institute, this paper examines the role that AI plays in the institute's innovation processes, how experts from the various departments assess the impact of AI and what challenges they see. The paper brings together findings from systematically analysed AI and innovation literature with the qualitative assessments of employees. |
| Abstract: | Künstliche Intelligenz (KI) spielt eine immer wichtigere Rolle in Innovationsprozessen. Am Beispiel eines Innovationsforschungsinstitut untersucht dieses Papier, welche Rolle KI in den Innovationsprozessen des Instituts spielt, wie die Experten aus den unterschiedlichen Abteilungen die Auswirkungen von KI einschätzen und welche Herausforderungen sie sehen. Das Papier bringt Erkenntnisse aus systematisch analysierter KI- und Innovationsliteratur mit den qualitativen Einschätzungen der Mitarbeiter zusammen. |
| Keywords: | Innovation process, Artificial intelligence (AI), Research Institute, Innovationsprozess, Künstliche Intelligenz (KI), Forschungsinsitut |
| Date: | 2023 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:esrepo:281981&r=cse |
| By: | Hashimy, Loha; Geetika, Jain; Grifell-Tatje, Emili |
| Abstract: | urpose: Large attention surrounds identifying the meaningful blockchain business model on financial services, while a little focus about non-financial organizations and solutions in terms of how the blockchain business model can affect the organization and bring more value. To address the complex structure of businesses that have public goods, it is important to develop sustainable blockchain-based business models. Design/methodology/approach: This study offers the first qualitative research that uses an integrated technological, environmental and organizational (TOE) framework with technology acceptance theory (TAM) to study the adoption of blockchain technology by Spanish firms. Findings: The results of the paper discuss how that competitive pressure, competence, top management support and relative advantage have a positive impact on intention to adopt blockchain technology while complexity affects the intention to adopt the technology negatively. Contrary to many adoption studies, the findings show that intention to adopt negatively impacts adoption and outline the effect of blockchain on business model elements on the macroeconomic level. Originality/value: The key contribution of this study lies in providing a comprehensive understanding of the environmental, technological and organizational factors that impact the intention to adopt blockchain that eventually affects adoption. |
| Keywords: | Blockchain technology ; Business model ; Decentralized ; TAM ; TOE |
| JEL: | M21 |
| Date: | 2023 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:119903&r=cse |
| By: | Alvear Guzman Katherine; Campozano Buele Jenner; Duran Canarte Paulette; Holguin Cedeno Roger; Mejia Crespin Fernando |
| Abstract: | The research aims to assess the impact of foreign direct investment (FDI) and domestic investment on Chile's economic growth. By elucidating the relationship between FDI and domestic investment, the study contributes valuable insights for economic policy formulation and future investments. The findings hold significance in shaping Chile's international perception as an investment destination, potentially influencing its standing in the global economic landscape. Demonstrating that FDI is a significant driver of economic growth could enhance confidence among foreign investors. The project's importance lies in contributing to economic knowledge and guiding strategic decisions for sustainable economic growth in Chile. Understanding the interplay of FDI and domestic investment allows for a balanced approach, promoting stable economic development and mitigating issues like excessive reliance on foreign investment. The study highlights the theory of internationalization as a conceptual framework for understanding the motives and strategies of multinational companies investing abroad. Leveraging data from sources like the Central Bank of Chile, the research analyzes variables such as Chile's economic growth (GDP), FDI, and domestic investment. The hypothesis posits a significant long-term causal relationship between FDI, National Investment (NI), and Chile's Economic Growth (GDP). Statistical analysis using the Eviews 6 software tool confirms that attracting foreign investments and promoting internal investment are imperative for sustainable economic growth in Chile. |
| Date: | 2023–11 |
| URL: | http://d.repec.org/n?u=RePEc:arx:papers:2401.13674&r=cse |
| By: | Amiti, Mary; Duprez, Cedric; Konings, Jozef; Van Reenen, John |
| Abstract: | Using firm-to-firm transactions, we show that starting to supply a "superstar" firm (large domestic firms, exporters and multinationals) boosts productivity by 8% in the medium-run. Placebos on starting relationships with smaller firms and novel identification strategies support a causal interpretation of "superstar spillovers". Consistent with a model of technology transfer, we find falls in markups and bigger treatment effects from technology-intensive superstars. We also show that the increase in new buyers is particularly strong within the superstar firm's network, a "dating agency" effect. This suggests an important role for raising productivity through superstars' supply chains regardless of their multinational status. |
| Keywords: | productivity; FDI; spillovers; POID |
| JEL: | F23 O30 F21 |
| Date: | 2023–04–21 |
| URL: | http://d.repec.org/n?u=RePEc:ehl:lserod:121331&r=cse |
| By: | Kaufmann, Matteo; Schiereck, Dirk |
| Abstract: | We investigate the effect of corporate innovation on mergers and acquisitions (M&A). Using a sample of 786 public-to-public transactions in the U.S. technology sector, we show that acquirers are willing to pay higher premiums for more innovative target firms. This effect is amplified by the acquirer's own level of innovativeness as more innovative acquirers are willing to pay higher premiums for innovative targets than non-innovative acquirers. We further document significant strategic reactions of rival firms. In the aftermath of the M&A, all acquirer rivals increase their R&D spending but the effect is more pronounced for innovative rivals than for non-innovative ones. Innovative acquirer rivals are also more likely to acquire a technology firm in the aftermath of their competitor's M&A announcement than their non-innovative peers. The similarity between acquirers and their rivals shrinks in the post-acquisition period, which may be caused by rival firms extending the breadth of their technological search in response to the acquisition. |
| Date: | 2023 |
| URL: | http://d.repec.org/n?u=RePEc:dar:wpaper:142308&r=cse |