nep-sbm New Economics Papers
on Small Business Management
Issue of 2014‒10‒13
eleven papers chosen by
João Carlos Correia Leitão
Universidade da Beira Interior

  1. Knowledge-capital formation and valorisation of French SMEs By Zeting LIU; Blandine LAPERCHE
  2. Exporting, R&D and Absorptive Capacity in UK Establishments: Evidence from the 2001 Community Innovation Survey By Qian Li; Richard Harris
  3. Financial Institutions' Efforts to Support the Business Conditions of Small and Medium-Sized Firms: Intermediation Services Utilizing Corporate Information and Customer Networks By Atsushi Ishikawa; Saiki Tsuchiya; Shinichi Nishioka
  4. A note on firm age and the margins of imports: First evidence from Germany By Joachim Wagner
  5. Optimal Enforcement Policy and Firm´s Decisions on R&D and Emissions By Fatih Karanfil; Bilge Ozturk
  6. New Trends in Innovation and Knowledge Society By Dr. Jürgen Rüttgers
  7. Le modèle de la « triple hélice » appliqué au territoire : problématique, limites et intégration de nouvelles variables explicatives The triple helix model applied to the territory: issue, limits and integration of new explanatory variables By Guillem ACHERMANN
  8. Owner-management, firm age and productivity in Italian family firms By Marco Cucculelli; Lidia Mannarino; Valeria Pupo; Fernanda Ricotta
  9. 'Entry and Exit with Financial Frictions' By Patrick Macnamara
  10. Sequential Product Innovation, Competition and Patent Policy By George Norman; Lynne Pepall; Dan Richards
  11. Firms' Size and Productivity in Spain: a Stochastic Frontier Analysis By Rosario Sanchez; Maria Angeles Diaz

  1. By: Zeting LIU (Lab.RII, ULCO/Clersé-UMR8019, Université Lille Nord de France, RRI); Blandine LAPERCHE (Lab.RII, ULCO/Clersé-UMR8019, Université Lille Nord de France, RRI)
    Abstract: This paper focuses on French SMEs and studies their main characteristics regarding knowledge-capital formation and valorisation. We put forward what we may call a “French Paradox”, expressed by a quite important effort in terms of R&D investments and poor results in terms of innovation as measured by traditional indicators (patents). How can we explain this paradox? To answer this question, we study their strategy of knowledge-capital building (through absorptive capacity and open innovation) and valorisation (the way they transform their accumulated knowledge into innovations). We show that apart from the structural characteristics of SMEs (forms of innovation, use of IPRs, etc.), one important reason to their weak performances in terms of innovation lies in their integration within innovation networks dominated by large companies. The valorisation of SMEs’ knowledge capital (through patents and the diffusion of innovations) is thus not always achieved by the SMEs themselves but by the larger company, enriched by the specific knowledge of these SMEs.
    Keywords: Knowledge-capital, absorptive capacity, open innovation, SMEs, France
    JEL: O31 O34 L11
    Date: 2014
  2. By: Qian Li; Richard Harris
  3. By: Atsushi Ishikawa (Bank of Japan); Saiki Tsuchiya (Bank of Japan); Shinichi Nishioka (Bank of Japan)
    Abstract: Financial institutions have been stepping up their efforts to support the business conditions of small and medium-sized firms. They have long supported the business conditions of such firms through financing, but these firms also face a wide range of management challenges other than financing. To resolve the issues faced by these firms, financial institutions have been providing support for the exploration of new markets such as business matching and the business succession of firms with elderly owners. These services have an important feature, in that financial institutions intermediate a range of information to their borrowing firms, utilizing corporate information and customer networks attained through their lending operations. Moreover, some financial institutions have recently begun to enhance the quality of their services by expanding their networks through cooperation with other financial institutions at home and abroad and with related groups.
    Date: 2013–01–11
  4. By: Joachim Wagner (Leuphana University Lueneburg, Germany)
    Abstract: This note uses a new tailor-made data set to investigate the link between firm age and the extensive margins of imports empirically for the first time for Germany. Results turn out to be fully in line with the theoretical considerations. Older firms are more often importers, import more different goods, and import from more different countries of origin.
    Keywords: Imports, firm age, import margins, Germany
    JEL: F14
    Date: 2014–08
  5. By: Fatih Karanfil; Bilge Ozturk
  6. By: Dr. Jürgen Rüttgers (Former Federal Minister of Education, Science, Research and Technology, Former Prime Minister of North Rhine-Westphalia, Honorary Professor of the Maastricht School of Management.)
    Date: 2014–09
  7. By: Guillem ACHERMANN (Lab.RII, ULCO/Clersé-UMR8019, Université Lille Nord de France, RRI)
    Abstract: La diversité des dynamiques territoriales d’innovation invite les économistes à appréhender l’évolution des dynamiques locales. Le modèle de la « triple hélice » insiste sur les interactions entre sphères de l’université, de l’entreprise et de l’administration publique pour générer des dynamiques d’innovation. En présentant les limites de ce modèle dans l’analyse des dynamiques territoriales d’innovation, nous montrerons comment la « triple hélice », dans la mesure où les interactions entre les trois sphères sont renforcées par une politique d'innovation, peut être reconceptualisée comme une infrastructure dynamique des milieux innovateurs. The diversity of the territorial dynamics of innovation attracts attention from economists, who try to understand the evolution of those dynamics. The model of the “triple helix” insists on the interactions between the spheres of university, business and government, as well as the role that these interactions play in generating dynamics of innovation. By presenting the limits of this model in the analysis of the territorial dynamics of innovation, we will show how the "triple helix", in so far as the above mentioned interactions are enhanced by an innovation policy, could be re-conceptualized as a dynamic infrastructure of the innovative milieu.
    Keywords: triple hélice, milieu innovateur, système territorial d'innovation
    JEL: O31 O33
    Date: 2014–07
  8. By: Marco Cucculelli (Universit… Politecnica delle Marche, Dipartimento di Scienze economiche e sociali); Lidia Mannarino (University of Calabria, Department of Economics and Statistics); Valeria Pupo (University of Calabria, Department of Economics and Statistics); Fernanda Ricotta (University of Calabria, Department of Economics and Statistics)
    Abstract: Using Total Factor Productivity (TFP) as a measure of corporate performance, we find that Italian family-run firms are less productive than firms run by outside managers and the result is robust to potential endogeneity of management regime. This difference tends to vanish when the age of the firms is taken into account.
    Keywords: Family firms, Management, TFP
    JEL: D24 G34
    Date: 2014–09
  9. By: Patrick Macnamara
    Abstract: This paper considers a model of firm dynamics to study how well aggregate shocks account for fluctuations in the entry and exit of establishments. To do this, I construct measures of aggregate financial and technology shocks. Under reasonable parameters, the model indicates that financial shocks (and not technology shocks) have contributed to the majority of cyclical fluctuations in entry and exit rates. In particular, the reduction in entry and the increase in exit during the 2007-09 recession have contributed to the slow recovery of output and hours that followed.
    Date: 2014
  10. By: George Norman; Lynne Pepall; Dan Richards
    Abstract: This paper examines the role of patent policy in a spatial model of sequential innovation. Initial entrepreneurs develop a new product market and anticipate that subsequent innovation may lead to a product line that consumers value more highly. The likelihood of sequential innovation increases with the number of initial early entrants in the market. Patent protection that encourages early entry can therefore raise the probability of both initial and subsequent innovation. We determine the optimal patent breadth as a function of key industry characteristics of both consumer taste and the new technology.
    Keywords: sequential innovation, patent policy, entry
    JEL: L5 O25
  11. By: Rosario Sanchez; Maria Angeles Diaz

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