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on Economics of Strategic Management |
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Issue of 2025–08–11
seven papers chosen by João José de Matos Ferreira, Universidade da Beira Interior |
| By: | Miguel Ortiz (Departamento de Economía de la Pontificia Universidad Católica del Perú); Juan Palomino (Departamento de Economía de la Pontificia Universidad Católica del Perú) |
| Abstract: | This study examines how technologyextension and transfer services (TETS) drive firm-level innovation andproductivity. Since research and development (R&D) investments are subjectto market failure, engaging with external agents enables firms to innovate atlower risk and cost. Using data from Peru’s National Innovation Survey (ENI), we apply the Crépon, Duguet, and Mairesse (CDM) model alongside propensityscore matching (PSM) to enhance the reliability of our results. Additionally, we employ the generalized propensity score (GPS) method to analyze thesensitivity of innovation and sales outcomes to varying investment levels. Thefindings confirm that investment in training and external R&D significantlyenhances innovation, thereby boosting labor productivity. However, thisrelationship is nonlinear, suggesting the presence of investment thresholdsrequired to maximize impact. Palabras claves: Technology Transfer, Innovation, Productivity, R&D, CDM model JEL Classification-JE: L25, O32, O38 |
| Keywords: | Technology Transfer, Innovation, Productivity, R&D, CDM model |
| Date: | 2025 |
| URL: | https://d.repec.org/n?u=RePEc:pcp:pucwps:wp00543 |
| By: | Victor (Xucheng); CHEN |
| Abstract: | This study investigates the relationship between innovation activities and firm-level productivity among early-stage high-tech startups in China. Using a proprietary dataset encompassing patent records, R&D expenditures, capital valuation, and firm performance from 2020 to 2024, we examine whether and how innovation, measured by patents and R&D input, translates into economic output. Contrary to established literature, we find that patent output does not significantly contribute to either income or profit among the sampled firms. Further investigation reveals that patents may primarily serve a signaling function to external investors and policymakers, rather than reflecting true innovative productivity. In contrast, R&D expenditure shows a consistent and positive association with firm performance. Through mechanism analysis, we explore three channels (organizational environment, employee quality, and policy-driven incentives) to explain the impact of R&D, identifying capital inflow and valuation as key drivers of R&D investment. Finally, heterogeneity analysis indicates that the effects of R&D are more pronounced in sub-industries such as smart terminals and digital creativity, and for firms based in Shenzhen. Our findings challenge the prevailing assumption that patent output is a universal indicator of innovation success and underscore the context-dependent nature of innovation-performance linkages in emerging markets. |
| Date: | 2025–07 |
| URL: | https://d.repec.org/n?u=RePEc:arx:papers:2507.18227 |
| By: | Bergeaud, Antonin; Deter, Max; Greve, Maria; Wyrwich, Michael (University of Groningen) |
| Abstract: | We investigate the causal relationship between inventor migration and regional innovation in the context of the large-scale migration shock from East toWest Germany between World War II and the construction of the Berlin Wallin 1961. Leveraging a newly constructed, century-spanning dataset on Germanpatents and inventors, along with an innovative identification strategy based onsurname proximity, we trace the trajectories of East German inventors and quantify their impact on innovation in West Germany. Our findings demonstrate a significant and persistent boost to patenting activities in regions with higher inflows of East German inventors, predominantly driven by advancements in chemistry and physics. We further validate the robustness of our identification strategy against alternative plausible mechanisms. We show in particular that the effect is stronger than the one caused by the migration of other high skilled workers and scientists. |
| Date: | 2025 |
| URL: | https://d.repec.org/n?u=RePEc:gro:rugfeb:2025002-i&o |
| By: | YoungGak KIM; Sadao NAGAOKA |
| Abstract: | Business groups can provide access not only to internal capital markets but also to existing knowledge pools within the group, which can promote innovation. However, there is limited empirical evidence on intra-group knowledge flows that incorporated controls for selection effects. This study analyses the impact of business groups on inter-firm knowledge flows by using Japanese acquisition events that led to the establishment of subsidiaries. Leveraging acquisition events and panel data, we attempt to disentangle the selection effect of target firms acquired by business groups from the treatment effect of being internalized into the group. We combine patent data with detailed information on business group structures from the Basic Survey of Japanese Business Structure and Activities to capture factors influencing knowledge flows, such as the knowledge stocks of parent and acquired firms, their technological proximity, prior joint patent applications, and the post-acquisition governance structures of subsidiaries. Our main findings suggest that acquisitions resulting in the integration of independent firms into business groups tend to increase the level of, and accelerate the speed of, inter-firm knowledge flows. Moreover, this treatment effect is significantly positive for both wholly-owned and partly-owned subsidiaries. |
| Date: | 2025–08 |
| URL: | https://d.repec.org/n?u=RePEc:eti:rdpsjp:25017 |
| By: | Craig A. Chikis; Benny Kleinman; Marta Prato |
| Abstract: | Most U.S. innovation output originates from firms that operate R&D facilities across multiple local markets. We study how this geographic structure influences aggregate innovation and growth, and whether it is socially optimal. First, we develop an endogenous growth model featuring multi-market innovative firms that generate knowledge spillovers to geographically proximate firms. In equilibrium, firms may operate in too few or too many local markets, depending on how sensitive are the local spillovers they generate to their local size. Second, to quantify these effects, we link the model to data on firms’ R&D locations, patents, and citation networks. Using an event-study design, we show that firms’ spatial expansion increases spillovers to other firms and estimate how these spillovers depend on a firm's local footprint. Our estimates imply that U.S. innovative firms operate in too few markets relative to the social optimum. Third, using quantitative counterfactuals, we find that policies promoting broader spatial scope yield larger welfare gains than standard R&D subsidies. Moreover, unlike R&D subsidies, such policies can also reduce regional inequality. |
| JEL: | E0 F0 L0 O0 R0 |
| Date: | 2025–07 |
| URL: | https://d.repec.org/n?u=RePEc:nbr:nberwo:34010 |
| By: | Mahunan Anselme Hounnou (UCAD - Université Cheikh Anta Diop de Dakar [Sénégal]); Mouhamed El Bachir Wade; Patrice Aimé Agossou |
| Abstract: | The aim of this article is to analyze the role of university training courses specializing in entrepreneurship in the relationship between managerial innovation and value creation in SMEs. This research is intended to be hypothetico-deductive. In order to test the relationships, we collected data from 76 business leaders who were beneficiaries of the Programme de Formation Sud Entrepreneuriat Intrapreneuriat Burkina Faso - Bénin. Three statistical tools were used to analyze the data collected: flat sorting, exploratory factor analysis (PCA) and linear regressions. The results of our research show that, for 10% of SME value creation, managerial innovation contributes 41% and university training in entrepreneurship 48.9%. These results are significant only at the 1% level. It follows that university training programs specialized in entrepreneurship positively and significantly moderate the relationship between managerial innovation and value creation in small and medium-sized enterprises |
| Abstract: | Cet article vise à d'analyser le rôle des formations universitaires spécialisé en entrepreneuriat dans la relation entre innovation managériale et création de valeur des PME. Cette recherche se veut hypothético-déductive. Afin de tester les relations nous avons collecté auprès de 76 chefs d'entreprises bénéficiaires du Programme de Formation Sud Entrepreneuriat Intrapreneuriat Burkina Innovation managériale et création de valeur … || 167Faso -Bénin. Trois outils statistiques ont permis d'analyser les données collectées : le tri à plat, analyse factorielle exploratoire (ACP) et les régressions linéaires. Il ressort des résultats de notre recherche que pour 10% de la création de valeur des PME, l'innovation managériale contribue à hauteur de 41% et la formation universitaire en entrepreneuriat assure 48, 9%. Ces résultats sont significatifs au seul de 1%. Il en découle que les programmes de formation universitaire spécialisés en entrepreneuriat modèrent positivement et significativement la relation innovation managériale et création de valeur des Petites et Moyenne Entreprises. |
| Keywords: | Managerial innovation - Value creation - University training - SMEs, Innovation managériale création de valeur formation universitaire PME Managerial innovation -Value creation -University training -SMEs, Innovation managériale, création de valeur, formation universitaire, PME Managerial innovation -Value creation -University training -SMEs |
| Date: | 2024–12–27 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-05104236 |
| By: | Silvia Tedeschi; Giacomo Marzi; Marco Balzano; Gabriele Costa |
| Abstract: | This study examines the strategic role of cybersecurity based on survey data from 1, 083 managers across Europe, the UK, and the United States. The findings indicate growing recognition of cybersecurity as a source of competitive advantage, although firms continue to face barriers such as limited resources, talent shortages, and cultural resistance. Larger and high-tech firms tend to adopt more proactive strategies, while SMEs and low-tech sectors display greater variability. Key managerial tensions emerge in balancing security with innovation and agility. Notable country-level differences are observed across Europe, the UK, and the United States. Across all contexts, leadership and employee engagement appear central to closing the gap between strategic intent and operational practice. |
| Date: | 2025–05 |
| URL: | https://d.repec.org/n?u=RePEc:arx:papers:2505.11549 |