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on Economics of Strategic Management |
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Issue of 2025–11–03
thirteen papers chosen by João José de Matos Ferreira, Universidade da Beira Interior |
| By: | Ainul Mohsein Abdul Mohsin (School of Management, Universiti Sains Malaysia, 11800 USM, Penang, Malaysia Author-2-Name: Balqis Faqihah binti Rajak Author-2-Workplace-Name: "School of Management, Universiti Sains Malaysia, 11800 USM, Penang, Malaysia " Author-3-Name: Author-3-Workplace-Name: Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:) |
| Abstract: | "Objective - This study aims to develop a conceptual framework that links strategic foresight, organizational agility, and innovative performance in the context of logistics SMEs in Malaysia. It highlights the increasing importance of foresight and agility as critical drivers for sustaining innovation and competitiveness in a volatile, uncertain, complex, and ambiguous (VUCA) environment. Methodology/Technique - The paper adopts a conceptual approach grounded in the Resource-Based View (RBV) and Dynamic Capabilities Theory (DCT). A quantitative cross-sectional survey is proposed for future empirical validation, with data analyzed using Partial Least Squares Structural Equation Modelling (PLS-SEM). Finding - The framework suggests that strategic foresight enables SMEs to anticipate technological, market, and policy changes, while organizational agility translates foresight into actionable strategies that enhance innovative performance. Agility is identified as a mediating factor in this relationship, reinforcing its role in driving innovation outcomes. Novelty - This study contributes to existing literature by integrating foresight and agility into a single framework tailored to logistics SMEs in Malaysia. It provides both theoretical contributions by extending RBV and DCT to SME contexts, and practical implications for managers and policymakers seeking to foster resilience, adaptability, and long-term innovation in the logistics sector. Type of Paper - Empirical" |
| Keywords: | Strategic foresight; Organizational agility; Innovative performance; Logistics SMEs; Malaysia; Resource-Based View; Dynamic Capabilities Theory. |
| JEL: | L25 L91 M10 O32 |
| Date: | 2025–09–30 |
| URL: | https://d.repec.org/n?u=RePEc:gtr:gatrjs:gjbssr667 |
| By: | Manyane Kpatoumbi Kankpe (Université Jean Monnet, Université Lyon 2, emlyon, GATE, CNRS, 42100, Saint Etienne) |
| Abstract: | Abstract: This study examines the impact of design activities on innovation and identifies the main determinants influencing firms’ investment in design. We use a cross-sectional database built from three sources: the French Community Innovation Survey (CIS) 2018, the Annual Declaration of Social Data (DADS), and the structural business statistics (FARE) for the period 2015–2017. By adopting an instrumental variable (IV) approach that accounts for the endogeneity of design, our results provide clear evidence that integrating design significantly increases the likelihood of innovation. A doubling of the number of designers within a firm more than doubles the probability of innovating in product or process. This impact of design is greater than that of R&D or marketing, indicating its central role in the innovation process. However, failing to consider the endogeneity of design leads to an underestimation of its true effect. Similarly, our results confirm the endogeneity of R&D, as demonstrated by Crépon et al. (1998), and ignoring this dimension also results in an underestimation of its impact on innovation. Regarding the determinants of design, we find that the concentration of designers within a sector and a region, public financial support, and export intensity foster its adoption. By introducing a time lag between innovation activities and their outcomes, certain limitations of cross-sectional studies—particularly simultaneity bias—are overcome, despite the use of the IV approach. |
| Keywords: | Design, Innovation, R&D, Marketing, Endogeneity |
| Date: | 2025 |
| URL: | https://d.repec.org/n?u=RePEc:gat:wpaper:2521 |
| By: | Guy Gellatly; Wulong Gu |
| Abstract: | This Spotlight is a complement to a new presentation Research to Insights: Challenges and Opportunities in Innovation, Technology Adoption and Productivity, highlighting key findings from the agency’s productivity research program and recent business surveys. It also explores the relationship between competitive intensity and innovation and informs on the pace at which disruptive technologies, such as artificial intelligence, are being integrated into the economy. |
| Keywords: | innovation, technology adoption, productivity |
| JEL: | J23 M21 |
| Date: | 2024–07–24 |
| URL: | https://d.repec.org/n?u=RePEc:stc:stcp8e:202400700002e |
| By: | Stela Jorgji (University of Tirana); Jonida Teta (University of Tirana); Saeed Mousa (ESC [Rennes] - ESC Rennes School of Business); Vadim Ponkratov; Izabella Elyakova; Larisa Vatutina; Andrey Pozdnyaev; Tatiana Chernysheva (MSU - Lomonosov Moscow State University = Université d'État Lomonossov de Moscou [Moscou]); Elena Romanenko; Mikhail Kosov (PRUE - Plekhanov Russian University of Economics [Moscow]) |
| Abstract: | This study investigates the relationships between sustainable human capital management practices, ESG performance, ESG disclosure, and firm financial performance. Using a sample of 387 S&P 500 firms from 2013 to 2023 and a panel data regression approach, we examine the impact of training expenditure, workforce diversity and inclusion, pay equity, and employee benefits on ESG performance. We also explore the association between ESG performance and ESG disclosure, the effect of ESG performance on financial performance, and the moderating role of ESG disclosure in the ESG-financial performance relationship. Our findings reveal that sustainable human capital management practices have a positive and significant impact on ESG performance, which in turn positively influences firm financial performance. We also find a positive relationship between ESG performance and ESG disclosure, and that ESG disclosure moderates the ESG-financial performance link, with the positive association being stronger for firms with higher levels of ESG disclosure. This study contributes to the literature by offering an integrated approach to examine the relationships between sustainable human capital management, ESG performance, ESG disclosure, and financial performance, providing novel insights into the drivers and outcomes of corporate sustainability in the context of human capital management. |
| Keywords: | Sustainability, Effects of Globalization, Firm Financial Performance, ESG Disclosure, ESG Performance, Sustainable Human Capital Management |
| Date: | 2024–06–01 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-05271946 |
| By: | Luisa Corrado; Stefano Grassi; Aldo Paolillo |
| Abstract: | Recent studies suggest that space activities generate significant economic benefits. This paper attempts to quantify these effects by modeling both business cycle and long–run effects driven by space sector activities. We develop a model in which technologies are shaped by both a dedicated R&D sector and spillovers from space†sector innovations. Using U.S. data from the 1960s to the present day, we analyze patent grants to distinguish between space and core sector technologies. By leveraging the network of patent citations, we further examine the evolving dependence between space and core technologies over time. Our findings highlight the positive impact of the aerospace sector on technological innovation and economic growth, particularly during the 1960s and 1970s. |
| Keywords: | Aerospace, Space Economy, Growth |
| JEL: | A1 C5 E00 O10 |
| URL: | https://d.repec.org/n?u=RePEc:nsr:niesrd:573 |
| By: | Rodrigo Barra Novoa |
| Abstract: | The study explores the evolution of Chile's industrial policy from 1990 to 2022 through the lens of state capacity, innovation and endogenous development. In a global context where governments are reasserting their role as active agents of innovation, Chile presents a paradox. It is a stable and open economy that has expanded investment in science and technology but still struggles to transform this effort into sustainable capabilities. Drawing on the works of Mazzucato, Aghion, Howitt, Mokyr, Samuelson and Sampedro, the study integrates evolutionary economics, public policy and humanist ethics. Using a longitudinal case study approach and official data, it finds that Chile has improved its innovation institutions but continues to experience weak coordination, regional inequality and a fragile culture of knowledge. The research concludes that achieving inclusive innovation requires adaptive governance and an ethical vision of innovation as a public good. |
| Date: | 2025–10 |
| URL: | https://d.repec.org/n?u=RePEc:arx:papers:2510.20863 |
| By: | Benoit, Florence (European Commission, Directorate-General for Research and Innovation); Karvounaraki, Athina (European Commission, Directorate-General for Research and Innovation); Stevenson, Alexis (European Commission, Directorate-General for Research and Innovation); Ravet, Julien (European Commission, Directorate-General for Research and Innovation) |
| Abstract: | Research and Development (R&D) investment is essential for maintaining the European Union (EU)’s economic growth, enhancing global competitiveness, and securing long-term prosperity. This policy brief aims to offer a deeper understanding of how R&D investments are structured, financed, and leveraged to enhance Europe’s long-term prosperity. It provides a comprehensive overview of the current R&D investment landscape in the EU, highlighting key trends and challenges, as well as the role of both public and private R&D funding in driving innovation. Additionally, the brief explores the EU’s progress toward its 3% R&D investment target, alongside key recommendations from the Draghi and Heitor reports on the future EU budget for Research and Innovation. |
| Keywords: | R&D investment, EU economic growth, global competitiveness, long-term prosperity, innovation, public R&D funding, private R&D funding, 3% R&D target |
| JEL: | O32 O52 |
| Date: | 2025–05 |
| URL: | https://d.repec.org/n?u=RePEc:eug:wpaper:ki-01-25-091-en-n |
| By: | Vina Dooshima Kiishi (Graduate School of Management, Management & Science University Malaysia Author-2-Name: Ibiwani Alisa Binti Hussain Author-2-Workplace-Name: Graduate School of Management, Management & Science University Malaysia Author-3-Name: Author-3-Workplace-Name: Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:) |
| Abstract: | " Objective - This study explores the role of women's participation in advancing sustainable development in Nigeria's oil and gas sector, a field traditionally dominated by men. It examines how gender inclusion may influence policy innovation, economic growth, and workplace equity within this critical industry. Methodology/Technique - The research adopts a cross-sectional quantitative design. Data were collected through structured surveys from 358 female professionals across Nigeria's six geopolitical zones. Analytical methods included descriptive statistics, Pearson correlation, and multiple regression analysis, all of which were performed using SPSS software. Finding - The analysis revealed a weak but statistically significant relationship between women's inclusion and sustainable development indicators. Notably, a stronger association was found between women's influence on decent work conditions and their contributions to policy and innovation. The regression model showed modest explanatory power, suggesting other factors may also contribute to sustainability outcomes. Novelty - This study contributes to the limited body of empirical research on gender inclusion in the extractive industries of Sub-Saharan Africa. By conceptualising inclusion as a driver of innovation and sustainable growth, it highlights the strategic value of women's participation in advancing SDG 5 (Gender Equality) and SDG 8 (Decent Work and Economic Growth) in Nigeria's oil and gas sector. Type of Paper - Empirical" |
| Keywords: | Economic growth; innovation capacity; leadership opportunities; Nigeria energy industry; policy development; workplace diversity; and women empowerment. |
| JEL: | J16 Q56 O15 L72 |
| Date: | 2025–09–30 |
| URL: | https://d.repec.org/n?u=RePEc:gtr:gatrjs:gjbssr666 |
| By: | Colombo, Massimo G.; Füner, Lena; Guerini, Massimiliano; Hottenrott, Hanna; Souza, Daniel |
| Abstract: | This paper replicates and extends the framework of Guzman and Stern (2020) to examine the evolution of entrepreneurial activity in Europe, focusing on France, Germany, and the United Kingdom between 2009 and 2023. Using harmonized national business registry data, we construct measures of both the quantity and quality of entrepreneurship across regions. In particular, we adapt the Entrepreneurial Quality Index (EQI), the Regional Entrepreneurship Cohort Potential Index (RECPI), and the Regional Entrepreneurial Acceleration Index (REAI) to capture the number of new ventures, their ex-ante growth potential, and the extent to which ecosystems translate this potential into realized outcomes. Our findings support the generalizability of this framework in the European context while revealing substantial heterogeneity across countries and regions. Major metropolitan centers such as Paris, London, and Munich combine high rates of entry with high entrepreneurial quality, but smaller knowledge- and research-intensive regions - including Cambridge, Oxford, Bonn, and Heidelberg - also emerge as important hubs. With respect to ecosystem performance, France and the UK initially exceeded expectations but later experienced steady declines, whereas Germany maintained relatively stable performance, with notable overperformance between 2012 and 2016. Moreover, we find a stronger positive correlation between entrepreneurial quantity and quality in Europe, suggesting that ecosystems capable of generating more start-ups are also more likely to produce high-quality firms. This study provides important insights for the comparative analysis of entrepreneurial ecosystems and builds a foundation for designing policies aimed at fostering high-quality, innovation-driven entrepreneurship in Europe. |
| Keywords: | Entrepreneurial Quality, Entrepreneurial Ecosystem, High-Growth Firms, Regional Innovation |
| JEL: | G24 G32 L25 L26 M13 R12 |
| Date: | 2025 |
| URL: | https://d.repec.org/n?u=RePEc:zbw:zewdip:330316 |
| By: | Francesco Molica; Francesco Cappellano; Teemu Makkonen |
| Abstract: | Since a few years, the international economic system has been experiencing growing fragmentation and uncertainty. However, research on Regional Innovation Systems (RIS) has yet to comprehensively engage with this phenomenon, despite its (spatial) significance. The paper contributes to addressing this gap, in particular by exploring the potential implications for RIS arising from the decline and disruptions of international knowledge flows associated with economic de-globalization. The study seeks to define a theoretical approach grounded in evolutionary geography to assess this trend. It applies such perspective to three types of RIS—metropolitan, old industrial, and peripheral—across five analytical dimensions that capture the structural and relational factors shaping RIS exposure and resilience to de-globalization. The discussion highlights that, in the face of knowledge and technological disruptions arising from international instability, metropolitan RIS may leverage their diversified knowledge bases, dense institutional frameworks, and strong global connectivity to successfully reconfigure external linkages; old industrial RIS may follow mixed trajectories, with the risk of deepening economic and policy lock-ins; while peripheral RIS—due to their reliance on external knowledge sources and limited endogenous innovation capacity—emerge as the most vulnerable. |
| Keywords: | De-globalization; Knowledge flows; Regional innovation system; Resilience |
| Date: | 2025–10–22 |
| URL: | https://d.repec.org/n?u=RePEc:ict:wpaper:2013/395461 |
| By: | Benoit, Florence (European Commission, Directorate-General for Research and Innovation); Di Girolamo, Valentina (European Commission, Directorate-General for Research and Innovation); Diodato, Dario (European Commission, Directorate-General for Research and Innovation); Canton, Erik (European Commission, Directorate-General for Research and Innovation); Ravet, Julien (European Commission, Directorate-General for Research and Innovation) |
| Abstract: | In today’s economy, knowledge represents a critical resource for long-term economic growth (Romer, 1990). Knowledge tends to accumulate in densely populated areas, where geographical proximity facilitates spillovers, rapid idea diffusion, and the recombination of capabilities. This localised concentration can further be enriched by global knowledge flows through collaborations and networks. Through this process, economies can obtain a set of capabilities that form the basis for the development of unique technological assets (Storper & Venables, 2004). These unique assets, which are difficult to replicate, become the cornerstone of a sustainable competitive advantage and contribute significantly to long-term economic development and resilience. |
| JEL: | O32 O52 |
| Date: | 2025–01 |
| URL: | https://d.repec.org/n?u=RePEc:eug:wpaper:ki-01-25-015-en-n |
| By: | Huju Liu; Hassan Faryaar |
| Abstract: | Technology adoption is essential for improving the growth, productivity and competitiveness of businesses. Previous research suggests that women-owned businesses may be less likely to adopt technologies because they are usually smaller, face more financial constraints, are less likely to access technology knowledge or training, and have different risk-taking preferences. This paper linked two cycles (2017 and 2019) of the Survey of Innovation and Business Strategy with the Canadian Employer-Employee Dynamics Database to study the use of advanced and emerging technologies by women- and men-owned businesses in Canada. The study found some evidence of differences in the use of certain technologies by women-owned businesses, compared with men-owned businesses. Women-owned businesses (12.3%) were less likely to use emerging technologies, such as artificial intelligence, than men-owned businesses (16.5%). However, there was no significant difference in the use of advanced technologies. A Blinder–Oaxaca decomposition showed that the difference in characteristics between women- and men-owned businesses explained about 31% of the overall difference in using emerging technologies. Certain characteristics such as the share of women employees, the average age of employees, business age and profitability played a role in explaining the overall differences. |
| Keywords: | technology adoption, women-owned businesses, emerging technologies, advanced technologies |
| JEL: | J23 M21 |
| Date: | 2024–08–28 |
| URL: | https://d.repec.org/n?u=RePEc:stc:stcp8e:202400800003e |
| By: | Flores, Herisadel P. |
| Abstract: | State universities and colleges serve as critical pillars of higher education, human capital development, and technological innovation in the Philippines. As publicly funded institutions, they play a vital role in addressing educational disparities, fostering inclusive growth, and advancing research that contributes to national development. This study examines the funding approaches employed by SUCs, assessing their viability amid growing economic pressures and evolving policy landscapes. Traditionally, SUCs rely on direct government appropriations, supplemented by internally generated income from tuition fees, auxiliary services, and entrepreneurial ventures. However, financial constraints, regulatory barriers, and inefficient fund utilization hinder their capacity to achieve long-term sustainability. Drawing insights from international experiences, particularly from OECD and Southeast Asian economies, this study explores higher education financing models and various approaches implemented by public higher education institutions to diversify funding sources. While performance-based funding mechanisms and diversification strategies have gained traction globally, SUCs in the Philippines continue to face challenges in revenue generation due to limited financial autonomy, bureaucratic inefficiencies, and disparities in resource allocation. Government appropriations for SUCs remain unevenly distributed, with significant differences in budget allocation and development funding between institutions. Furthermore, reliance on state subsidies and SUCs’ inability to effectively pursue alternative financing strategies hinder infrastructure investment, research funding, and faculty development. To address these concerns, SUCs have implemented various initiatives, including income-generating projects, commercialization of intellectual property, and university-industry collaborations. However, these efforts have encountered difficulties due to a lack of institutional expertise, regulatory complexities, and insufficient investment from private sector stakeholders. The study highlights how financial autonomy, leadership strategies, and institutional governance affect SUCs' capacity to optimize funding opportunities while pursuing academic excellence. Lessons drawn from Southeast Asian experiences, such as Singapore’s model of funding public universities, Thailand’s policy of higher education decentralization, and Malaysia’s entrepreneurial university approach, offer valuable insights into strengthening SUC financing. Building on international trends and local challenges, this research outlines key policy recommendations for improving financial sustainability among Philippine SUCs. These include rationalizing tuition fees to create more equitable funding structures, expanding university-industry collaboration to boost external revenues, strengthening the commercialization of university-developed technologies, and reforming government budget allocation mechanisms to promote efficiency and innovation. Adopting a more strategic approach to financing can enhance the competitiveness of SUCs, improve higher education quality, and contribute more effectively to national development. A nuanced policy framework is therefore necessary to balance state support with institutional self-sufficiency and foster a robust higher education sector capable of meeting the demands of the global knowledge economy. Comments on this paper are welcome within 60 days from the date of posting. Email publications@pids.gov.ph. |
| Keywords: | state universities and colleges;higher education financing;financial autonomy;financial sustainability;entrepreneurial university;university corporatization;university-industry collaboration;commercialization of intellectual property;endowment funds;SUCs |
| Date: | 2025 |
| URL: | https://d.repec.org/n?u=RePEc:phd:dpaper:dp_2025-16 |