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on Economics of Strategic Management |
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Issue of 2025–04–14
eleven papers chosen by João José de Matos Ferreira, Universidade da Beira Interior |
| By: | Lorena M. D’Agostino (University of Milano-Bicocca); Rosina Moreno (AQR-IREA, University of Barcelona); Damián Tojeiro-Rivero (ESADE-University Ramon Llull) |
| Abstract: | Taking the long-established evidence on knowledge spillovers that states that part of the new created knowledge spills over to other firms mostly located in the physical proximity, we aim at providing evidence on the role of green knowledge spillovers on firms’ innovation. We posit that in addition to internal factors, firm innovation is determined by external regional factors, among which we specifically focus on the spillovers generated by environmental EU-funded research at the regional level. The results indicate that the presence of partners engaged in EU-environmental projects in a region has a positive and significant effect on process innovation. |
| Keywords: | innovation; environment; EU-funded research; Framework Programme; region; firm JEL classification: R11; O31; O44 |
| Date: | 2024–12 |
| URL: | https://d.repec.org/n?u=RePEc:aqr:wpaper:202409 |
| By: | Vivarelli, Marco; Piva, Mariacristina; Tani, Massimiliano |
| Abstract: | Labor mobility is considered a powerful channel to acquire external knowledge and trigger complementarities in the innovation and R&D investment strategies; however, the extant literature has focused on either scientists' mobility or migration of high-skilled workers, while virtually no attention has been devoted to the possible role of short-term business visits. Using a unique and novel database originating a country/sector unbalanced panel over the period 1998-2019 (for a total of 8, 316 longitudinal observations), this paper aims to fill this gap by testing the impact of BVs on R&D investment. Results from GMM-SYS estimates show that short-term mobility positively and significantly affects R&D investments; moreover, our findings indicate - as expected - that the beneficial impact of BVs is particularly significant in less innovative countries and in less innovative industries. These outcomes justify some form of support for BVs within the portfolio of the effective innovation policies, both at the national and local level. |
| Keywords: | Business visits, labor mobility, knowledge transfer, R&D investments |
| JEL: | O3 F2 J6 |
| Date: | 2025 |
| URL: | https://d.repec.org/n?u=RePEc:zbw:glodps:1586 |
| By: | Silva Neira, Ignacio; Rodríguez González, Carlos; Pédussel Wu, Jennifer |
| Abstract: | Globalization has significantly influenced economic policy in Latin America. After the debt crisis of the 1980s, capital controls were removed leading to a substantial increase in Foreign Direct Investment (FDI) to the region. Chile, in particular, has extensively promoted free international integration, with the import of technology through FDI playing a major role in its economic development. During the 1990s, Chile experienced a period of rapid GDP growth, increased exports, and higher productivity. However, its productive dynamism has since stalled, trapping the country in an income plateau. Insights from evolutionary economics provide a framework for understanding this phenomenon, where neoclassical theory falls short. This study seeks to provide empirical evidence on whether FDI has promoted or hindered the innovative performance of domestic firms in Chile. Using firm-level data, the research employs the well-known CDM model to address selection bias in innovation efforts. The econometric analysis measures the impact of foreign competition on local innovation, specifically examining how foreign ownership and competition within economic sectors influence innovation outputs in local firms. The findings indicate that firms facing higher levels of foreign competition are less likely to implement new processes or products. These results offer valuable policy implications, highlighting the nuanced effects of FDI on host economies. The impact of FDI varies depending on the type of investment, the economic sector, and the technology introduced. Consequently, strategies aimed at leveraging FDI for economic catch-up must account for these variances and focus on fostering local innovation and technological advancement. |
| Keywords: | Foreign Direct Investment, CDM Model, Innovation, Technology transfer |
| JEL: | F21 O33 L25 O54 D22 |
| Date: | 2025 |
| URL: | https://d.repec.org/n?u=RePEc:zbw:ipewps:313642 |
| By: | Rossana Mastrandrea (Department of Management, University of Turin, Torino, Italy); Fabio Montobbio (Dipartimento di Politica Economica, DISCE, Università Cattolica del Sacro Cuore, Milano, Italy – ICRIOS, Bocconi University, Milano, Italy – BRICK, Collegio Carlo Alberto, Torino, Italy); Gabriele Pellegrino (Dipartimento di Politica Economica, DISCE, Università Cattolica del Sacro Cuore, Milano, Italy); Massimo Riccaboni (IMT School for Advanced Studies, Lucca, Italy – IUSS, Pavia, Italy); Valerio Sterzi (Bordeaux School of Economics (BSE), University of Bordeaux, CNRS, UMR 6060, Bordeaux, France) |
| Abstract: | This study examines the roles of public and private sector actors in the development of mRNA vaccines, a breakthrough innovation in modern medicine. Using a dataset of 151 core patent fam- ilies and 2, 416 antecedent (cited) patents, we analyze the structure and dynamics of the mRNA vaccine knowledge network through network theory. Our findings highlight the central role of biotechnology firms, such as Moderna and BioNTech, alongside the crucial contributions of univer- sities and public research organizations (PROs) in providing foundational knowledge. We develop a novel credit allocation framework, showing that universities, PROs, government and research cen- ters account for at least 27% of the external technological knowledge base behind mRNA vaccine breakthroughs—representing a minimum threshold of their overall contribution. Our study offers new insights into pharmaceutical and biotechnology innovation dynamics, emphasizing how Mod- erna and BioNTech’s mRNA technologies have benefited from academic institutions, with notable differences in their institutional knowledge sources. |
| Keywords: | breakthrough innovation, innovation networks, patent analysis, mRNA vaccines, COVID- 19 |
| JEL: | I10 I18 L65 O31 O34 |
| Date: | 2025–03 |
| URL: | https://d.repec.org/n?u=RePEc:ctc:serie5:dipe0047 |
| By: | Vivarelli, Marco; Piva, Mariacristina; Tani, Massimiliano |
| Abstract: | Labor mobility is considered a powerful channel to acquire external knowledge and trigger complementarities in the innovation and R&D investment strategies; however, the extant literature has focused on either scientists’ mobility or migration of high-skilled workers, while virtually no attention has been devoted to the possible role of short-term business visits. Using a unique and novel database originating a country/sector unbalanced panel over the period 1998-2019 (for a total of 8, 316 longitudinal observations), this paper aims to fill this gap by testing the impact of BVs on R&D investment. Results from GMM-SYS estimates show that short-term mobility positively and significantly affects R&D investments; moreover, our findings indicate - as expected - that the beneficial impact of BVs is particularly significant in less innovative countries and in less innovative industries. These outcomes justify some form of support for BVs within the portfolio of the effective innovation policies, both at the national and local level. |
| JEL: | O31 O32 O15 J61 |
| Date: | 2025–04–03 |
| URL: | https://d.repec.org/n?u=RePEc:unm:unumer:2025010 |
| By: | Moore, Bradley Adam |
| Abstract: | This essay aims to investigate the significant role that entrepreneurship, marketing, Internet of Things (IoT), and artificial intelligence (AI) play in the transformation of startups into global enterprises. It explores how the integration of these four domains can drive innovation, enhance customer engagement, optimize operations, and foster business growth. The essay also discusses the challenges and opportunities that arise when leveraging entrepreneurship, marketing, IoT, and AI in the context of scaling up a business. Through a comprehensive analysis of relevant literature and case studies, this essay provides valuable insights into the interplay between these domains and their impact on the success of startups in the global marketplace. |
| Date: | 2023–06–05 |
| URL: | https://d.repec.org/n?u=RePEc:osf:osfxxx:hw9qm_v1 |
| By: | Alessia Matano (AQR-IREA, University of Barcelona and Università di Roma “La Sapienza”); Paolo Naticchioni (Roma Tre University and IZA) |
| Abstract: | This paper investigates the relationship between China’s import competition and the innovation strategies of domestic firms. Using firm level data from Italy spanning 2005-2010 and employing IV fixed effects estimation techniques, we find that the impact of China’s import competition on innovation varies depending on the type of goods imported (intermediate vs. final). Specifically, imports of final goods boost both product and process innovation, while imports of intermediate goods reduce both. Additionally, we extend the analysis to consider the role of unions in moderating these responses. We find that, in unionized firms, imports' impact on innovation is mitigated, specifically to protect workers' employment prospects |
| Keywords: | China’s Import Competition, Final and Intermediate Goods, Product and Process Innovation, Unions, IV Fixed effects estimations. JEL classification: C33, L25, F14, F60, O30, J50 |
| Date: | 2025–03 |
| URL: | https://d.repec.org/n?u=RePEc:aqr:wpaper:202501 |
| By: | Diego Ambasz; Denis Nikolaev; Sergey Malinovskiy; Adrien Olszak-Olszewski; Polina Zavalina; Javier Botero Álvarez |
| Keywords: | Education-Education Reform and Management Education-Curriculum & Instruction Science and Technology Development-Technology Innovation |
| Date: | 2023–10 |
| URL: | https://d.repec.org/n?u=RePEc:wbk:wboper:40502 |
| By: | Sanja Samirana Pattnayak |
| Abstract: | This study contributes to the literature on digitalisation in developing countries by examining its role in export intensity and firm productivity in Indian manufacturing from 2000 to 2021. Using fixed effects and the system generalised method of moments (GMM) model, the analysis draws on firm-level data from the Prowess database, encompassing approximately 11, 000 manufacturing firms. The findings reveal that digitalisation amongst India’s manufacturing firms is positively associated with both export intensity and productivity, after accounting for firm characteristics and heterogeneity. Specifically, a 1% increase in digital intensity corresponds to a 0.16% increase in exports. This effect is further enhanced when expenditure on internet services and software development is included, raising the export impact to 0.21% per 1% increase in digital intensity. Additionally, the results indicate that a 1% increase in digitalisation intensity leads to a 0.8% growth in total factor productivity. These findings have significant policy implications, particularly as digitalisation increasingly shapes the global and Indian economies. They underscore the need for strategies to promote digital adoption in manufacturing to enhance competitiveness and productivity. |
| Keywords: | digitalisation; productivity; exports; servicification; manufacturing; India |
| JEL: | C33 D24 F14 J24 L60 O33 |
| Date: | 2025–03–19 |
| URL: | https://d.repec.org/n?u=RePEc:era:wpaper:dp-2024-39 |
| By: | Becker, Annette; Hottenrott, Hanna; Mukherjee, Anwesha |
| Abstract: | Personality drives human decision-making. Research on corporate research and development(R&D), however, typically considers strategic decision-making to be independent of the decisionmaker's personality traits. This study investigates the impact of CEO personality on scaling activities in young firms. In particular, we focus on R&D and investment decisions building on an entrepreneurial decision model that illustrates the different roles of major personality trait (ROCEAN: risk tolerance, openness to experience, conscientiousness, extraversion, neuroticism) in taking both R&D and investment decisions. Results based on detailed data from founders in 4, 732 startups founded between 2011 and 2017 in Germany, show that scaling decisions in entrepreneurial firms are strongly imprinted by the CEO's personality. We find that higher risk tolerance and openness to experience result in a higher likelihood that the firm engages in R&D but only the former matters for levels of R&D expenditures. Comparing R&D decisions to tangible investments, we find that risk tolerance plays a more prominent role in the former but higher scores for openness also drive tangible investments. Founders with higher scores for agreeability and neuroticism are less likely to invest in growth in terms of R&D and tangible investments. More conscientious founders show lower R&D engagement but invest more in tangible assets. We discuss implications for entrepreneurship research and policy. |
| Keywords: | Start-ups, Research & Development, Investment Decisions, Personality Traits, Risk tolerance |
| JEL: | D91 G11 L26 O32 O33 |
| Date: | 2025 |
| URL: | https://d.repec.org/n?u=RePEc:zbw:zewdip:314416 |
| By: | Mufaddal Baxamusa |
| Abstract: | I investigate whether the differences in R&D expenditures as reported in BRDIS and Compustat can be explained by the firm having multiple R&D establishments by using the data from LBD and BRDIS to classify the firms into single R&D establishments and multi-R&D establishment firms. |
| Keywords: | BRDIS, LBD, Compustat |
| Date: | 2025–03 |
| URL: | https://d.repec.org/n?u=RePEc:cen:tnotes:25-04 |