nep-sbm New Economics Papers
on Small Business Management
Issue of 2015‒12‒12
four papers chosen by
João Carlos Correia Leitão
Universidade da Beira Interior

  1. Dynamics of innovation and internationalization among Vietnamese SMEs By Trinh, Long
  2. Business Models of Technoparks in Russia By Kristina Volkonitskaia
  3. Theoretical and Practical Approaches of Innovation at Regional Level By Antonescu, Daniela
  4. Determinants of Quantitative and Qualitative Employment Growth: A Comparison between R&D-oriented and Other Start-ups in Japan By OKAMURO, Hiroyuki; KATO, Masatoshi

  1. By: Trinh, Long
    Abstract: Innovation and internationalization have been considered as the major sources of growth for a long time. Various theoretical models suggest a bi-directional causality relationship between these two decisions. However, so far there is limited empirical evidence on whether there is a dynamic interdependence of innovation and internationalization decisions among SME firms in developing countries. Using a dynamic bivariate probit model and adopting a broader definition of internationalization, this paper analyzes the dynamic interdependence of internationalization and innovation decisions at the firm level in a developing country, by using a rich panel data set of SMEs collected biannually from 2005 to 2013 in Vietnam. Our empirical results show a high persistence in process, product innovations and internationalization decisions. Furthermore, we find that, for non-micro firms (i.e. firms with at least six fulltime permanent workers), past internationalization has a positive effect on process innovation but past process innovation do not has a significant effect on internationalization decision of these firms. For this group of firms, we also find signs of cross-dependence between process innovation and internationalization decision. Our empirical results, however, does not show dynamic interdependence between internationalization and product innovation. For micro firms, we do not find any evidence relating to interdependence of internationalization and both types of innovation.
    Keywords: internationalization, process innovation, product innovation, persistence of innovation, dynamic random effect bivariate probit, SME, Vietnam
    JEL: F14 L20 O31
    Date: 2015–12
  2. By: Kristina Volkonitskaia (National Research University Higher School of Economics)
    Abstract: The working paper is based on research findings concerning the functioning of 35 Russian technology parks in 2013 – the first half of 2015. The analysis of the performance of these technology parks has been carried out on the basis of the CANVAS framework, proposed by Osterwalder and Pine in 2010. The research was conducted in the domain of 9 key blocks business model of technology parks, including infrastructure and services provided, companies’ residents, cooperation with partners, including regional and federal authorities, scientific and education institutions, financial and economic indicators of technoparks and key performance indicators used. On the basis of empirical data 7 business models of functioning of Russian technology parks were revealed, including IT-park, university park, 2 types of facilitators of innovation processes in a region and 3 types of entrepreneurial technoparks. The classification allows differentiating the nature and level of support of technology parks as objects of innovation infrastructure. Detailed profile of business models reveals the competitive advantages and weaknesses of technoparks, as well as mechanisms to improve the efficiency of these objects of innovation infrastructure
    Keywords: innovative infrastructure, technopark, business-model, research and development, regional development, regional innovative system, value creation
    JEL: O32 O38 R58
    Date: 2015
  3. By: Antonescu, Daniela
    Abstract: During the last period, innovation represented the core topic of a wide number of studies and analyses due to the potential impact it could have on the development level of a country or a region. This aspect is relatively easy to explain: innovation represents an important source of regional/national competitiveness, a modern factor of growth and economic resilience, but also the fundamental objective of the current programming period and of the Europe 2020 Strategy. According to theory, innovation is a process that takes place predominantly at micro-economic level. Still, its approach at regional level gains increasingly more room within economic approaches starting from the premise that innovative performances of a company depend directly and to a large share on the endogenous local potential, but also on a combination of factors of influence, determined by the specifics and conditions of the area. The study intends to analyse from the theoretical and practical viewpoint the role of the innovation process within economic development and growth at regional and national level.
    Keywords: innovation, research, regional development, Strategy 2020, innovative region
    JEL: O3 O38 R1 R10 R12 R58
    Date: 2015–11–03
  4. By: OKAMURO, Hiroyuki; KATO, Masatoshi
    Abstract: Start-ups are expected to contribute to innovation and job creation. Several studies have been conducted so far on the determinants of employment growth, but still little is known about the differences between R&D-oriented and other start-ups. Moreover, we argue that not only the quantitative, but also the qualitative employment growth (changes in workforce composition) matters in evaluating the contributions by start-ups. We empirically examine the determinants of quantitative and qualitative employment growth in Japanese start-ups based on a unique panel dataset, comparing between R&D-oriented and other firms. Empirical results show that 1) founder's human capital (education and work experience) does not significantly affect quantitative employment growth, while work experience positively affects the share of regular workforce, 2) R&D-oriented start-ups do not differ from the other start-ups in quantitative and qualitative employment growth, and 3) public subsidies at start-up increase both quantitative and qualitative employment growth of the R&D-oriented, but not of the other start-ups.
    Keywords: Start-up, R&D-oriented firm, employment growth, workforce composition, Japan
    Date: 2015–12

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