|
on Economics of Strategic Management |
|
Issue of 2024–12–02
nine papers chosen by João José de Matos Ferreira, Universidade da Beira Interior |
| By: | Maximiliano Machado (Universidad de la República (Uruguay). Facultad de Ciencias Económicas y de Administración. Instituto de Economía); Carlos Bianchi (Universidad de la República (Uruguay). Facultad de Ciencias Económicas y de Administración. Instituto de Economía) |
| Abstract: | A large body of literature has identified positive persistence effects of innovation in firms located in developed countries. However, this is not the rule in developing economies. This article adds to this topic by analysing the short- and medium-term innovation persistence in Uruguayan firms during the recent period of expansion of the innovation policies in this country. Using a panel data set from the Uruguayan Innovation Survey 2007–2018, we run parametric and nonparametric estimations of firms’ innovation persistence in manufacturing and service sectors. Our findings indicate that innovation is an uneven, even erratic, process. Contrary to most of the extant research on the topic, we find mostly negative persistence effects of outcome innovation (both product and process) in the short term and positive persistence effects of R&D and innovation activities based on external knowledge acquisition (input innovation) in the medium term. Moreover, we observe positive effects of public support on both input and outcome innovation in the short term but no effects in the medium term. We discuss timing and coordination challenges for innovation policies in Uruguay, and the applicability of our findings to developing countries as an alternative to the extended interpretation of innovation as a self-efficient process. |
| Keywords: | Innovation input, Innovation persistence, Innovation outcome, Policy mix |
| JEL: | O31 O32 L25 C01 |
| Date: | 2024–05 |
| URL: | https://d.repec.org/n?u=RePEc:ulr:wpaper:dt-06-24 |
| By: | Anton-Tejon, Marcos; Barge-Gil, Andrés; Albahari, Alberto |
| Abstract: | The interest in regional innovation policies has increased in recent years. Science and Technology Parks (STPs) are one of the most widespread regional innovation policies worldwide. They are considered a catalyst for regional innovation because they constitute a source of knowledge spillovers and a mechanism for knowledge transfer. The aim of this work is to evaluate the effect of the adoption of the STP policy on regional innovation performance. To this end, we build a provincial dataset for Spain covering 37 years and implement a difference-in-differences approach taking advantage of the staggered adoption of the STP policy and the fact that some provinces do not have an STP yet. The main results show that STPs increase provincial patents by 49.8% in years 6-10 after the adoption of the policy and by 79.7% in years 11-15.This result is robust to different assumptions and methodological choices. In addition, we find that the increase in patents does not come at the cost of lower patent quality, that STPs perform similarly in more or less advanced provinces, and that approximately 57% of the effect comes through STP spillovers. |
| Keywords: | Science and Technology Parks; innovation policy evaluation; regional effects; spillovers; patents; diff-in-diff |
| JEL: | O30 O31 O32 O38 |
| Date: | 2024 |
| URL: | https://d.repec.org/n?u=RePEc:pra:mprapa:122467 |
| By: | Brian C. Fujiy |
| Abstract: | I causally estimate local knowledge spillovers in R&D and quantify their importance when implementing R&D policies. Using a new administrative panel on German inventors, I estimate these spillovers by isolating quasi-exogenous variation from the arrival of East German inventors across West Germany after the Reunification of Germany in 1990. Increasing the number of inventors by 1% increases inventor productivity by 0.4%. I build a spatial model of innovation, and show that these spillovers are crucial when reducing migration costs for inventors or implementing R&D subsidies to promote economic activity. |
| Keywords: | inventors, research and development, innovation, agglomeration, spillovers |
| JEL: | F16 J61 O4 O31 R12 |
| Date: | 2024–10 |
| URL: | https://d.repec.org/n?u=RePEc:cen:wpaper:24-59 |
| By: | Timothy Wojan |
| Abstract: | The Annual Business Survey (ABS) as the replacement for the Survey of Business Owners (SBO) serves as the principal data source for investigating business ownership of minorities, women, and immigrants. As a combination of SBO, the innovation questions formerly collected in the Business R&D and Innovation Survey (BRDIS), and an R&D module for microbusinesses with fewer than 10 employees, ABS opens new research opportunities investigating how ownership demographics are associated with innovation. One critical issue that ABS is uniquely able to investigate is the role that diversity among ownership teams plays in facilitating innovation or intermediate innovation outcomes in R&D-performing microbusinesses. Earlier research using ABS identified both demographic and disciplinary diversity as strong correlates to new-to-market innovation. This research investigates the extent to which the various forms of diversity also impact tangible innovation related intermediate outcomes such as the awarding of patents or securing venture capital financing for R&D. The other major difference with the earlier work is the focus on R&D-performing microbusinesses that are an essential input to radical innovation through the division of innovative labor. Evidence that disciplinary and/or demographic diversity affect the likelihood of receiving a patent or securing venture capital financing by small, high-tech start-ups may have implications for higher education, affirmative action, and immigration policy. |
| Keywords: | Split-sample, false discovery, self-reported innovation, women and minority owned business, hypothesis testing |
| JEL: | O3 J15 J16 C12 |
| Date: | 2024–10 |
| URL: | https://d.repec.org/n?u=RePEc:cen:wpaper:24-62 |
| By: | Alexandra den Heijer; Neva Wardenaar; Jasmine Bacani; Monique Arkesteijn |
| Abstract: | Knowledge transfer in campus management has a decades-long history in the Netherlands, ever since the Dutch (research) universities became owners of their university buildings and land in the nineties. The shared challenges have urged universities to join forces and exchange insights about their solutions. One of those pressing challenges has been sustainability. Since 2008, long-term agreements on energy-efficiency have become effective in the Netherlands for various sectors. Higher education was one of these sectors and - as a result - universities have developed sustainable visions and road maps for their campuses. At the same time, universities started to improve inter-university knowledge exchange, in general and about sustainability in particular.Knowledge transfer from theory to practice, from practice to practice, and from practice back to theory, has built a knowledge base with scientific and societal relevance and benefits for academia and professional campus management. Over the years, inter-university networks have given many new and valuable insights to support (sustainable) campus decision making. This presentation/paper combines findings from past campus research with new findings - from Neva Wardenaar's research - about the different existing networks, drivers, barriers, and tools of knowledge sharing between universities, providing an answer to the main research question: “How can inter-university knowledge transfer support university campus managers to achieve the universities’ sustainability goals?”. Wardenaar's research also served as exploratory research for (and before) the larger inter-university Campus NL research (2023-2027) by TU Delft's Campus Research Team.Through an extensive literature review, ten in-depth semi-structured interviews, strategy-analysis, and observations, Wardenaar's research concludes that universities have similar (sustainability) goals and that, by working together, they might accelerate the (decision-making) process of achieving these goals. Collectively, universities can acquire more funds, receive more guidance and get insights into what others are doing. This research provides an overview of the barriers and drivers of knowledge transfer that campus managers (working on the energy transition) are experiencing and contributes to the debate of knowledge transfer and (sustainable) campus management, with lessons beyond Campus NL. |
| Keywords: | barriers and drivers; Campus Management; Knowledge Transfer; sustainability |
| JEL: | R3 |
| Date: | 2024–01–01 |
| URL: | https://d.repec.org/n?u=RePEc:arz:wpaper:eres2024-247 |
| By: | Christoph Koenig (DEF, University of Rome "Tor Vergata"); Letizia Borgomeo (Research Department, Intesa Sanpaolo); Martina Miotto (DEM, University of Padova) |
| Abstract: | We study the impact of a government subsidy program in Italy targeted at R&D-intensive projects presented by high-tech startups in 2009. Using the score assigned by the scientific commission to each project, we employ a Regression Discontinuity Design to study how the subsidy affected successful firms’ innovation activity and performance over more than 10 years. We show that the subsidy led to substantial increases in intangible assets and had a lasting positive effect on various dimensions of firm performance. Innovation as measured by patents did not respond to the subsidy. |
| Keywords: | R&D subsidies, High-tech startups, Innovation policy, Firm performance |
| JEL: | D22 G38 L52 O31 O34 O38 |
| Date: | 2024–10–31 |
| URL: | https://d.repec.org/n?u=RePEc:rtv:ceisrp:585 |
| By: | Lukas Rosenberger; W. Walker Hanlon; Carl Hallmann |
| Abstract: | How did Britain sustain faster rates of economic growth than comparable European countries, such as France, during the Industrial Revolution? We argue that Britain possessed an important but underappreciated innovation advantage: British inventors worked in technologies that were more central within the innovation network. We offer a new approach for measuring the innovation network using patent data from Britain and France in the late-18th and early-19th century. We show that the network influenced innovation outcomes and demonstrate that British inventors worked in more central technologies within the innovation network than French inventors. Drawing on recently developed theoretical tools, and using a novel estimation strategy, we quantify the implications for technology growth rates in Britain compared to France. Our results indicate that the shape of the innovation network, and the location of British inventors within it, explains an important share of the more rapid technological change and industrial growth in Britain during the Industrial Revolution. |
| Keywords: | industrial revolution, innovation network, patents, economic growth |
| Date: | 2024 |
| URL: | https://d.repec.org/n?u=RePEc:ces:ceswps:_11299 |
| By: | Astebro, Thomas B. (HEC Paris) |
| Abstract: | This report to the "Investigation on development of the innovation and entrepreneurship climate in Sweden" SOU 2016:72 regards governmental policies for university technology commercialization. It contains a literature review that spans several areas of research addressing the potential effect of changing the allocation of Intellectual Property rights between universities and their employees. There is also some original research; several secondary datasets are re‐analyzed and some primary interview and case data from a few universities are also added. |
| Keywords: | Technology Commercialization; Intellectual Property; Universities; Property Rights; Technology Transfer |
| JEL: | D72 D81 K31 O31 P14 |
| Date: | 2024–02–08 |
| URL: | https://d.repec.org/n?u=RePEc:ebg:heccah:1502 |
| By: | Di Addario, Sabrina (Bank of Italy); Feng, Zhexin (University of Essex); Serafinelli, Michel (King's College London) |
| Abstract: | This paper presents direct evidence on how firms' innovation is affected by access to knowledgeable labor through co-worker network connections. We use a unique dataset that matches patent data to administrative employer - employee records from "Third Italy" - a region with many successful industrial clusters. Establishment closures displacing inventors generate supply shocks of knowledgeable labor to firms that employ the inventors' previous co-workers. We estimate event-study models where the treatment is the displacement of a "connected" inventor (i.e., a previous coworker of a current employee of the focal firm). We show that the displacement of a connected inventor significantly increases connected inventors' hiring. Moreover, the improved access to knowledgeable workers raises firms innovative activity. We provide evidence supporting the main hypothesized channel of knowledge transfer through firm-to-firm labor mobility by estimating IV specifications where we use the displacement of a connected inventor as an instrument to hire a connected inventor. Overall, estimates indicate that firms exploit displacements to recruit connected inventors and the improved capacity to employ knowledgeable labor within the network increases innovation. |
| Keywords: | social connections, firm-to-firm labor mobility, patents, establishment closure |
| JEL: | J60 O30 J23 |
| Date: | 2024–10 |
| URL: | https://d.repec.org/n?u=RePEc:iza:izadps:dp17398 |