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on Economics of Strategic Management |
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Issue of 2024–11–25
twelve papers chosen by João José de Matos Ferreira, Universidade da Beira Interior |
| By: | Kapetaniou, Chrystalla; Pissarides, Christopher |
| Abstract: | In a model with robots, automatable and nonautomatable production, we study robot-labor substitutions and show how they are influenced by a country's “innovation system.” Substitution depends on demand and production elasticities, the country's innovation capabilities, and openness. Making use of World Economic Forum data, we estimate the relationship for 13 countries and find that countries with poor innovation capabilities substitute robots for workers much more than countries with richer innovation capabilities, which might complement them. Innovation capabilities play a bigger role in the high-tech electronics sector than in other manufacturing and play a limited role in nonmanufacturing. |
| JEL: | J23 L60 O33 O52 |
| Date: | 2024–10–17 |
| URL: | https://d.repec.org/n?u=RePEc:ehl:lserod:125682 |
| By: | Hunt, Jennifer (Rutgers University); Cockburn, Iain (Boston University); Bessen, James (Boston University) |
| Abstract: | Using our own data on Artificial Intelligence publications merged with Burning Glass vacancy data for 2007-2019, we investigate whether online vacancies for jobs requiring AI skills grow more slowly in U.S. locations farther from pre-2007 AI innovation hotspots. We find that a commuting zone which is an additional 200km (125 miles) from the closest AI hotspot has 17% lower growth in AI jobs' share of vacancies. This is driven by distance from AI papers rather than AI patents. Distance reduces growth in AI research jobs as well as in jobs adapting AI to new industries, as evidenced by strong effects for computer and mathematical researchers, developers of software applications, and the finance and insurance industry. 20% of the effect is explained by the presence of state borders between some commuting zones and their closest hotspot. This could reflect state borders impeding migration and thus flows of tacit knowledge. Distance does not capture difficulty of in-person or remote collaboration nor knowledge and personnel flows within multi-establishment firms hiring in computer occupations. |
| Keywords: | Artificial Intelligence, technology adoption and diffusion |
| JEL: | O33 R12 |
| Date: | 2024–09 |
| URL: | https://d.repec.org/n?u=RePEc:iza:izadps:dp17325 |
| By: | Grillitsch, Markus (CIRCLE, Lund University); Asheim, Björn (University of Stavanger) |
| Abstract: | The chapter discusses the theoretical reorientation in economic geography over the last twenty years from a focus on structures, represented by regional innovation systems, to addressing the role of human agency in regional economic development, and reflects on what the two approaches can contribute to achieving sustainable regional restructuring. We are doing this by focusing on two articles – published in 2002 and 2022 - representing the two approaches. The 2002 article discusses the role of place-specific, local resources and external knowledge in strengthening the competitiveness and innovativeness of firms and regions. This perspective is still relevant in analyses and designs of regional innovation policies. However, a realisation of the shortcomings of a structural approach to explaining the variations of regional development outcomes in different types of regions, has led to a more explicit focus on the importance of change agency in regional change processes, as articulated in the 2022 article. |
| Keywords: | Regional innovation systems; human change agency; regional restructuring; sustainability challenges; local and global; innovation policy |
| JEL: | O30 R10 |
| Date: | 2024–10–30 |
| URL: | https://d.repec.org/n?u=RePEc:hhs:lucirc:2024_013 |
| By: | Marius Berger; Antoine Dechezleprêtre; Milenko Fadic |
| Abstract: | Government Venture Capital (GovVC) has emerged as a policy tool to complement private venture capital (Private VC) by funding innovation-driven firms that might not attract traditional VC investment. This study analyses GovVC's role in OECD Member countries using comprehensive data on entrepreneurial firms, investors, and patents, with GovVC entities identified through surveys of ministry experts. The analysis shows that GovVC-funded firms are typically riskier than Private VC funded ones and generally demonstrate lower performance in securing follow-on funding and innovation output. However, when GovVCs partner with Private VC investors, these performance gaps diminish significantly. In co-investment scenarios, firms show comparable innovation and exit performance to those funded solely by Private VC. The findings indicate that GovVC can effectively direct capital to overlooked firms, particularly when working in partnership with private investors. |
| Keywords: | Entrepreneurship, Government Policy, Innovation, Venture Capital |
| JEL: | G24 O38 O31 |
| Date: | 2024–11–12 |
| URL: | https://d.repec.org/n?u=RePEc:oec:stiaaa:2024/10-en |
| By: | Paolo Carioli; Dirk Czarnitzki; Christian Rammer |
| Abstract: | We investigate the effects of different channels of industry-science collaboration on new product sales at the firm-level and whether government subsidies for collaboration make a difference. We distinguish four collaboration channels: joint R&D, consulting/contract research, IP licensing, human resource transfer. Employing firm-level panel data from the German Community Innovation Survey and a conditional difference-in-differences methodology, we find a positive effect of industry-science collaboration on product innovation success only for joint R&D, but not for the other three channels. The positive effect is limited to subsidized collaboration. Our results suggest that government subsidies are required to bring firms and public science into forms of collaboration that are effective in producing higher innovation output. |
| Keywords: | Industry-science collaboration, transfer channels, product innovation, treatment effects analysis |
| Date: | 2024–10–23 |
| URL: | https://d.repec.org/n?u=RePEc:ete:ecoomp:751257 |
| By: | Fafaliou, Irene; Konstantios, Dimitrios; Giaka, Maria; Polemis, Michael |
| Abstract: | The relationship between innovation and corporate sustainability constitutes a long-lasting debate among policymakers and researchers. Despite the significant contributions to this field, extant literature does not provide clear answers. This can be attributed to the fact that prior studies do not incorporate the various aspects of innovation to measure their impact on sustainability performance. This study aims to cover this gap in the emerging literature by using a unique micro-level panel dataset consisting of many firms scattered across the US states over the period 2007-2016. Our findings reveal that the basic mechanism for achieving corporate sustainability is through the innovation channel. We also argue that the quantity and value of innovation enhance the sustainability level, whereas these effects are strengthened in times of recession. The empirical results survive robustness checks under alternative innovation measures and different econometric techniques dealing with endogeneity and reverse causality |
| Keywords: | Innovation; Sustainability; Patents; Trademarks; SMEs |
| JEL: | L2 O31 O34 |
| Date: | 2024–11–01 |
| URL: | https://d.repec.org/n?u=RePEc:pra:mprapa:122576 |
| By: | Tarik Lakhal (Faculté des Sciences Juridiques, Economiques et Sociales - UM5 - Université Mohammed V de Rabat [Agdal]); Zainab El-Ayachi (Faculté des Sciences Juridiques, Economiques et Sociales - UM5 - Université Mohammed V de Rabat [Agdal]) |
| Abstract: | In an increasingly interconnected world, the emergence of digital businesses is disrupting traditional business models. Leaders are left with no choice but to embrace digital transformation. In this rapidly changing world, organizations must respond and adapt, as failing to do so could result in their activity decreasing or even disappearing, while more agile players capitalize on the market and attract younger generations. Digital transformation is seen as a significant driver of performance. It influences how companies operate and inspires them through paradigm shifts driven by current events and new technologies. It impacts internal relationships and interactions within the organization, as well as its external relationships. Moreover, the information processing and analysis capabilities offered by digital transformation have opened up immense opportunities across various areas, allowing companies to reduce costs, establish new customer dialogues, and enhance organizational efficiency. The opportunities presented by digital transformation, the resources and skills it demands, and the challenges and concerns associated with undertaking such a project have prompted company leaders and researchers to view digital transformation as a focal point of interest. Within this context, this study aims to explore the effects of digital transformation on company performance and the expected objectives of a digital transformation project within a theoretical framework. This research work seeks to synthesize existing knowledge on digital transformation in companies and derive a comprehensive theoretical framework through a literature review. This framework aims to provide a conceptual understanding of the factors that drive digital transformation, the organizational changes required in the digital era, and the anticipated outcomes of digital transformation projects. Furthermore, the proposed framework emphasizes the need for ongoing monitoring of digital transformation initiatives and making necessary adjustments to achieve the ultimate and primary goal of improving company performance to ensure long-term sustainability. |
| Keywords: | synthesis and research model Digital transformation performance technology companies JEL Classification: L25 M10 M20 Paper type: Theoretical Research, synthesis, and research model Digital transformation, performance, technology, companies JEL Classification: L25, M10, M20 Paper type: Theoretical Research |
| Date: | 2024–10–25 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-04757762 |
| By: | Donni Fajar Anugrah (Bank Indonesia); Aryo Sasongko (Bank Indonesia); Wahyoe Soedarmono (Sampoerna University); Andi Tiara Putri Marasanti (Bank Indonesia) |
| Abstract: | The foundation of a strong and resilient economy can be done through implementing accelerated policy in various economic sectors to keep the growth trends positive and sustainable. Thus, one of the things that can promote sustainable growth is conducting a comprehensive study about the related topic. Using literature survey method, this study aims to serve a comprehensive literature review from internal Bank Indonesia, and to identify research gaps between studies to help further research. This study mainly discusses and analyses 123 research conducted by Bank Indonesia from 1993 to 2022. These prior findings explained that Indonesia’s economic growth has consistently been promoted by capital, labour, and innovation. Both human capital and research and development (R&D) also positively boost economic growth. Furthermore, Bank Indonesia has also conducted extensive research about growth diagnostic and growth strategy. To complete the findings, this study also included previous research about macroeconomic modelling arranged by Bank Indonesia. |
| Keywords: | Economic Growth, Macroeconomic Model, Literature Survey |
| JEL: | O40 O42 O47 |
| Date: | 2023 |
| URL: | https://d.repec.org/n?u=RePEc:idn:wpaper:wp082023 |
| By: | Robinson, Douglas K. R. (Université Gustave Eiffel); Borrás, Susana (Copenhagen Business School); Boon, Wouter P.C. (Utrecht University) |
| Abstract: | This editorial focuses on the diverse studies and frameworks related to the diffusion of innovations, building beyond Everett Rogers’ seminal work from 1962. Despite a renewed interest in diffusion research, fragmentation exists as different academic communities work independently with limited cross-referencing. Seeing great advantage in building bridges and exchanging insights across these conceptual and empirical expansions of Rogers, this editorial explores the heterogeneous nature of diffusion, encompassing various innovation types, systems, geographies and pathways. Using “generalisation” as a broad umbrella term that captures the essence of these expansions on diffusion theory, whilst remaining open to different conceptualisations, eight building blocks were identified from the literature to characterise generalisation, offering new research avenues. The special issue encompasses nine articles in which a broader understanding of diffusion is explored. Key lessons include recognising diffusion as a set of heterogeneous activities involving different innovations, actors, and institutional logics, considering temporal aspects, anticipating repercussions on user groups, and envisioning ethical, legal, and societal impacts for responsible diffusion. These lessons are relevant for policymakers who are increasingly interested in understanding diffusion to address grand challenges. Transformative innovation policy calls for new policy frameworks incorporating diffusion policy measures, which should be build on insights and conceptual frameworks offered by scholars and strategic intelligence provided by decision-makers. |
| Keywords: | Diffusion; innovation policy; generalisation; grand challenges; transformative innovation; mission |
| JEL: | O32 O33 O34 O38 O39 |
| Date: | 2024–11–14 |
| URL: | https://d.repec.org/n?u=RePEc:hhs:lucirc:2024_017 |
| By: | Pascale Bueno Merino (EMLV - École de management Léonard de Vinci); Marie-Hélène Duchemin (UNIROUEN - Université de Rouen Normandie - NU - Normandie Université) |
| Abstract: | This article explores the contribution of psychological entrepreneurial support, based on same-gender group mentoring, to the strengthening of female entrepreneurial intention in the specific context of a women-only incubator. In other words, it examines the combined effect of gender-based differentiation and group dynamics on the process of incubating women entrepreneurs. Indeed, according to the literature on female entrepreneurship, women entrepreneurs are faced with specific challenges that influence their entrepreneurial intention such as a lack of self-confidence, caused by gender stereotypes, and conflict between family life and entrepreneurial career. More precisely, our research aims to determine how psychological entrepreneurial support is implemented in the incubation process to overcome these specific challenges, and the mechanisms for strengthening female entrepreneurial intention analyzed at both intrapersonal and interpersonal levels. Thanks to a qualitative methodology, our findings suggest that psychological entrepreneurial support delivered via same-gender group mentoring, at the beginning of the incubation process, reinforces female entrepreneurial intention, thanks to a mechanism of external approval and a process of deconstruction of gender stereotypes about female entrepreneurship. Role modeling provided by same-gender group mentoring facilitates the identity work of women entrepreneurs in search of entrepreneurial legitimacy and enables them to overcome various psychological barriers related to a lack of self-confidence or pressure stemming from the family environment. We discuss the implications of our findings on related research into business incubators and the design of mentoring programs adapted to the needs of women entrepreneurs. |
| Keywords: | Female entrepreneurship Women-only incubator Psychological entrepreneurial support Entrepreneurial intention Same-gender group mentoring, Female entrepreneurship, Women-only incubator, Psychological entrepreneurial support, Entrepreneurial intention, Same-gender group mentoring |
| Date: | 2022–12–15 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-04722239 |
| By: | Andres, Pia |
| Abstract: | Low cost solar energy is key to enabling the transition away from fossil fuels. Despite this, the European Union followed the United States’ example in imposing anti-dumping tariffs on solar panel imports from China in 2013, arguing that Chinese panels were unfairly subsidised and harmed its domestic industry. This paper examines the effects of Chinese import competition on firm-level innovation in solar photovoltaic technology by European firms using a sample of 10, 137 firms in 15 EU countries over the period 1999–2020. I show that firms which were exposed to higher import competition innovated more if they had a relatively small existing stock of innovation, but less if their historical knowledge stock fell within the top 10th percentile of firms in the sample. This suggests that newer firms were more able to respond to increased competition by innovating, while firms with a large historical stock of innovation may have been locked into old technological paradigms. As firms with a smaller knowledge stock tended to innovate more overall, trade with China appears to have been beneficial in encouraging innovation among the most innovative firms. However, I also find evidence that import competition increased the probability of exit among firms in the sample. |
| JEL: | R14 J01 |
| Date: | 2024–10–07 |
| URL: | https://d.repec.org/n?u=RePEc:ehl:lserod:125249 |
| By: | Thierry Isckia (LITEM - Laboratoire en Innovation, Technologies, Economie et Management (EA 7363) - UEVE - Université d'Évry-Val-d'Essonne - Université Paris-Saclay - IMT-BS - Institut Mines-Télécom Business School - IMT - Institut Mines-Télécom [Paris], IMT-BS - MMS - Département Management, Marketing et Stratégie - TEM - Télécom Ecole de Management - IMT - Institut Mines-Télécom [Paris] - IMT-BS - Institut Mines-Télécom Business School - IMT - Institut Mines-Télécom [Paris]); Xavier Parisot (IMT-BS - MMS - Département Management, Marketing et Stratégie - TEM - Télécom Ecole de Management - IMT - Institut Mines-Télécom [Paris] - IMT-BS - Institut Mines-Télécom Business School - IMT - Institut Mines-Télécom [Paris]) |
| Abstract: | Since the emergence of the Open Innovation (OI) concept in 2003, some scholars criticized its opposition with in-house R&D / closed innovation (CI) and debated its contributions (Trott & Hartmann, 2009). Despite its numerous detractors, its theoretical and practical weaknesses, the OI perspective has been applied by many scholars, companies and even states in various national policies. In a context where digitalization, globalization, and the fast raise of the knowledge economy complexify business, increase competition, and generate turbulences, this perspective presents simple linear solutions favoring corporate innovations. This simplicity in a complex economic background explains, at least partially, the large adoption of OI practices at the global scale. However, if the successes of OI implementations are well documented, the failures remains poorly studied and reported and the dangers of OI applications have only recently begun to be studied (Audretsch, & Belitski, 2023; Madanaguli et al., 2023). This article briefly examines the fragility of the relationships between OI, national policies and societal aspects based on the conceptual and practical weaknesses of that perspective. |
| Keywords: | Political, Open innovation, Challenges, Social |
| Date: | 2024–01–17 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-04401444 |