|
on Small Business Management |
| By: | TORRECILLAS CARO Cristina; MERIDA MARTIN Fernando (European Commission - JRC); SASSO Simone (European Commission - JRC) |
| Abstract: | Innovation and entrepreneurship can play a central role in revitalizing rural areas and turning them into places of opportunity. This report, part of the Startup Village Forum initiative’s research activities, explores four cases of rural villages or groups of villages on their journey toward fostering innovation and entrepreneurial ecosystems. Using the Startup Village Conceptualization framework, it assesses resource endowments, institutional arrangements, stakeholder engagement, and outcomes. The findings underscore the importance of institutional support, collaborative leadership, and skill development for successful startup villages, advocating for bottom-up governance and network establishment to drive rural development. |
| Date: | 2024–08 |
| URL: | https://d.repec.org/n?u=RePEc:ipt:iptwpa:jrc137918 |
| By: | Christophe André; Peter Gal |
| Abstract: | This review takes stock of the large body of evidence on aggregate productivity growth, its structural drivers, and the role of a wide range of policies. It aims to synthesise evidence on how public policies can promote productivity through their impacts on both the incentives and the capabilities of businesses and workers, taking account of different specificities of firms at the frontier and below, and integrating complementarities across policy areas. It also identifies gaps in knowledge, thus offering potential directions for future work. |
| Keywords: | Economic policy, Efficiency frontier, Entrepreneurship, Firm Performance, Intangible capital, Investment, Productivity, Technological diffusion |
| JEL: | D24 E22 E24 E6 J24 L25 L26 L5 O31 O32 O33 O38 O47 |
| Date: | 2024–10–07 |
| URL: | https://d.repec.org/n?u=RePEc:oec:ecoaaa:1822-en |
| By: | Hwang, Jaunghyun; Kim, Donggeun; Kim, Alex Jiyoung; Kim, Junghwan |
| Abstract: | This study investigates the adoption of live streaming commerce among the small and medium-sized enterprises (SMEs) in South Korea. While most previous research has focused on consumer perceptions such as intention to watch live streaming and buy products, this research examines sellers' issues that are mostly SMEs by focusing on SMEs' adoption of live streaming commerce and changes on their sales. Specifically, we analyze actual sales data of 32 SMEs that were recruited and had no prior live streaming commerce experience. By comparing SMEs' performance before and after adoption of live streaming commerce, we find that most of performance metrics such as a number of buyers, a number of payments, revenue per sale, and a number of items sold per sale all improve after the adoption of live streaming commerce, highlighting the potential of live streaming commerce to enhance SME performance. These findings suggest that live streaming commerce can help SMEs as an effective tool to strengthen SMEs' digital marketing capabilities. We also provide policy implications for SMEs and regulatory organizations about how they can effectively utilize live streaming commerce. |
| Keywords: | Live Streaming Commerce, Digital Transformation, Small and Medium-sized Enterprises (SMEs), Business Performance, E-commerce |
| Date: | 2024 |
| URL: | https://d.repec.org/n?u=RePEc:zbw:itsb24:302509 |
| By: | Ron Boschma; Rune Fitjar; Elisa Giuliani; Simona Iammarino; |
| Abstract: | Notwithstanding the wide consensus around the undeniable positive effects of innovation, there is increasing awareness that innovations may also have their dark sides. These dark sides of innovations have received little attention in regional studies. This editorial to a special issue on The Dark Side of Innovation and its Geography argues there are clear geographical footprints to this, which are related to both the inputs and the outcomes of innovation processes. In particular, we discuss how innovation activities have geographically uneven outcomes, driving spatial inequality, and how they require material inputs located in certain places, meaning that their costs are also unevenly distributed across space. |
| Keywords: | dark side of innovation, harmful innovations, critical and conflict materials, regional inequality, geography of innovation |
| JEL: | O25 O30 O31 O33 Q34 Q55 R11 |
| Date: | 2024–09 |
| URL: | https://d.repec.org/n?u=RePEc:egu:wpaper:2428 |
| By: | Paul Bergin; Ling Feng; Ching-Yi Lin |
| Abstract: | While the trade literature has tended to view export activity and innovation as complementary activities, we present evidence that financial constraints are a reason the two activities can act as substitutes for small exporters. In particular, we find that small exporters have lower expenditure on R&D than comparable non-exporters, and we find a corresponding pattern in the leverage ratio of the capital structure of small firms. A model that combines firm decisions regarding the amount of innovation, exporting, and endogenous financial capital structure is able to account for these empirical findings. The model implies that small firms are unable to fully reap the gains from exporting due to financial constraints, as they reduce R&D to finance the costs of export participation. |
| JEL: | E44 F41 G32 |
| Date: | 2024–09 |
| URL: | https://d.repec.org/n?u=RePEc:nbr:nberwo:32904 |
| By: | Bryan, Gharad; Karlan, Dean; Osman, Adam |
| Abstract: | We experimentally study the impact of relatively large enterprise loans in Egypt. Larger loans generate small average impacts, but machine learning using psychometric data reveals "top performers" (those with the highest predicted treatment effects) substantially increase profits, while profits drop for poor performers. The large differences imply that lender credit allocation decisions matter for aggregate income, yet we find existing practice leads to substantial misallocation. We argue that some entrepreneurs are overoptimistic and squander the opportunities presented by larger loans by taking on too much risk, and show the promise of allocations based on entrepreneurial type relative to firm characteristics. |
| Keywords: | entrepreneurship; enterprise credit; heterogenous treatment effects; psychometric data; small and medium enterprises |
| JEL: | D24 M21 O12 O16 |
| Date: | 2024–09–20 |
| URL: | https://d.repec.org/n?u=RePEc:ehl:lserod:120637 |
| By: | Filimonovic, Dragan; Macher, Jeffrey T.; Rutzer, Christian; Weder, Rolf |
| Abstract: | We examine whether 'pioneer' regions - early leaders in generating new ideas in emerging scientific fields - develop and maintain an innovation advantage in the same fields over time. Our analysis covers 24 disruptive technologies (e.g. AI, cloud computing) in thousands of OECD regions over 20 years. The results show that pioneer regions gain a significant and growing innovation advantage over non-pioneer regions. This advantage is most pronounced in "super-cluster" regions, which are leaders in both science and related innovation. These findings highlight the importance of early scientific leadership for sustained regional innovation and suggest important policy implications. |
| Keywords: | Science, Innovation, Regional Advantage, Emerging Technology |
| JEL: | O30 O33 R11 |
| Date: | 2024–10–02 |
| URL: | https://d.repec.org/n?u=RePEc:bsl:wpaper:2024/11 |
| By: | Dorgyles C.M. Kouakou (Univ Rennes, CNRS, CREM – UMR6211, F-35000 Rennes France) |
| Abstract: | Using a large firm-level dataset from the World Bank Enterprise Surveys, which covers 134 countries from 2006 to 2023 and includes over 134, 000 observations, we examine whether past informality affects the credit constraints of registered firms. Estimations, based on the entropy balancing method, indicate that registered firms that began operations informally are more likely to be credit-constrained than those that started in the formal sector. This finding is extremely robust to a variety of robustness tests, including instrumental variables, propensity score matching, potential omitted variables, restricted samples, alternative measures of credit constraints, different specifications such as Linear Probability, Logit, and Probit models, and clustering standard errors at the country level. Heterogeneity analysis reveals that the detrimental impact of past informality lessens with firm size, firm age, and better structural factors like regulatory quality, trade openness, entrepreneurial dynamism, and public spending. Productivity, competition from the informal sector, and the quality of financial statements are key channels through which past informality increases credit constraints for registered firms. |
| Keywords: | Past informality status; Credit constraints; Entropy balancing |
| JEL: | G20 O12 O16 O17 |
| Date: | 2024–09 |
| URL: | https://d.repec.org/n?u=RePEc:tut:cremwp:2024-08 |
| By: | Cheikh T. Ndour (Dakar, Senegal); Simplice A. Asongu (Yaoundé, Cameroon) |
| Abstract: | This study aims to investigate the effect of fear of failure on entrepreneurship intent. It utilises survey data from the Global Entrepreneurship Monitor (2015) conducted in Senegal. Analysing a sample of 2364 individuals, the probit model was employed, revealing three key findings. Firstly, fear of failure significantly diminishes entrepreneurship intent. Secondly, individuals who are partially employed demonstrate a heightened inclination towards entrepreneurship. Thirdly, fear of failure consistently impacts entrepreneurship intent regardless of gender. A key policy implication of this research is the necessity to address discrimination in policies designed to support individuals with greater entrepreneurial aspirations. |
| Keywords: | Entrepreneurship intent, probit, occupation, gender, Senegal |
| JEL: | L26 J29 J16 C25 O55 |
| Date: | 2024–01 |
| URL: | https://d.repec.org/n?u=RePEc:agd:wpaper:24/032 |
| By: | Elodie Andrieu; John Morrow |
| Abstract: | How do firms diffuse resources and do they spillover outside headquarter intensive areas? We show R&D subsidies induce French firms to hire new workers, often in new establishments and commuting zones. Using subsidy induced labor demand shocks and past employment patterns, we estimate a within industry spillover elasticity of .26 to non-subsidy firms, rising to .35 for openings outside of headquarter areas. Spillovers are also significant across firm branches and for firms. While subsidies are nominally awarded to headquarters, firms expand to distribute spillovers more broadly. |
| Keywords: | multi-establishment firms, subsidies, directed growth, spillovers |
| Date: | 2024–09–24 |
| URL: | https://d.repec.org/n?u=RePEc:cep:cepdps:dp2035 |
| By: | Livia Boerner (Paderborn University); Bernd Frick Author-2-Name-First: Bernd Author-2-Name-Last: Frick (Paderborn University); Thomas Fritz Author-3-Name-First: Thomas Author-3-Name-Last: Fritz (FH Aachen) |
| Abstract: | This study examines investment decision accuracy and founder-related bias of angel investors in startup pitch competitions. We use a unique dataset of N = 638 pitches and investment decisions from televised German format Die Höhle der Löwen and evaluate subsequent venture performance based on survival and product-market fit. Building upon signal detection theory, two types of decision error are distinguished to explore investor bias. Our results suggest that angel investors are more likely to make overconfident (false positive) investments when ventures are pitched by more attractive entrepreneurs or family-based teams. Additionally, ventures pitched by younger, female, or less attractive teams are systematically underestimated, resulting in missed opportunities (false negative). Our study contributes to the literature by highlighting the impact of founder-related investor bias on the quality of their investment decisions. |
| Keywords: | Entrepreneurial finance; Investor bias; Overconfidence; Missed opportunities; Shark tank |
| JEL: | D81 D91 G24 G41 L26 |
| Date: | 2024–09 |
| URL: | https://d.repec.org/n?u=RePEc:pdn:dispap:122 |
| By: | Mohrenweiser, Jens; Pfeifer, Christian |
| Abstract: | Empirical studies find that firms with employee representation have a higher productivity than firms without employee representation. The exact mechanisms for this consistent finding remain unclear, however. A frequent theoretical argument postulates that employee representation provides a safeguarding mechanism which improves justice perceptions of employees that in turn improves cooperation and performance. Using a German longitudinal linked employer-employee dataset, we show that employees in firms with a collective bargaining agreement have higher individual and shared justice perceptions. These higher justice perceptions contribute to the productivity premium of firms with collective agreement. In contrast, justice perceptions are not higher in firms with than in firms without a works council. |
| Keywords: | works councils, collective bargaining, organisational justice, firm performance |
| JEL: | J53 M54 |
| Date: | 2024 |
| URL: | https://d.repec.org/n?u=RePEc:zbw:glodps:1499 |
| By: | Hans Degryse (KU Leuven and CEPR); Olivier De Jonghe (National Bank of Belgium, Economics and Research Department, European Central Bank, Tilburg University and Ghent University); Leonardo Gambacorta (Bank for International Settlements and CEPR); Cédric Huylebroek (KU Leuven and FWO) |
| Abstract: | Theory offers conflicting predictions on whether and how lenders’ sectoral specialization would affect firms’ innovation activities. We show that the sign and magnitude of this effect vary with the degree of “asset overhang” across sectors, which is the risk that a new technology has negative spillovers on the value of a bank’s legacy loan portfolio. Using both patent data and micro-level innovation survey data, we find that lenders’ sectoral specialization improves innovation for firms operating in sectors with low asset overhang, but impedes innovation for firms operating in sectors with high asset overhang. These results hold for two distinct measures of asset overhang and using bank mergers as a source of exogenous variation in bank specialization. We further show that these heterogeneous effects arise through financial contracting. Overall, our findings provide novel insights into the dual facets of bank specialization and, more broadly, the link between banking and innovation |
| Keywords: | Bank specialization, Bank lending, Corporate innovation, Asset overhang, Financial frictions |
| JEL: | G20 O30 L20 |
| Date: | 2024–10 |
| URL: | https://d.repec.org/n?u=RePEc:nbb:reswpp:202410-458 |
| By: | Choi, Jaeseo |
| Abstract: | The advancements in digital technology have not only transformed business operations across various industries but also driven rapid changes and innovations within business landscape. Digital technology operates independently of economic development levels, and the emergence of novel technologies enables diverse business to explore new business model (Ali et al., 2020). There has been a movement towards anticipating a paradigm shift in technological frameworks to establish the groundwork for Web 3.0 and to incorporate these changes into business model (Yoo et al., 2022). To keep up with the paradigm shift on the technological front, companies are navigating significant growth in the business domains related to information collection, management, and storage. Moreover, digitalization has recently emerged as a new aspect in information investment, coinciding with the growth (Ali et al., 2020). In the situation of the changing landscape information and communication technology utilization, survival for businesses entails leveraging aspects if the innovation lifecycle. This involves applying new strategies based on it, introducing innovative business model, and harnessing digital technology (Kaijkawa et al., 2022). Non-Fungible Token (NFT) can be regarded as a prime example where the emergence of digital technology has reshaped business approaches for enterprises (Ali et al., 2023). |
| Keywords: | NFT, Means-end Chain analysis, Laddering, Entertainment Industry |
| Date: | 2024 |
| URL: | https://d.repec.org/n?u=RePEc:zbw:itsb24:302456 |
| By: | Farahmand, Elham; Muñoz I Busto, Isaac; Khan, Mudassir Akber; Adur, Hilda |
| Abstract: | Digitalization is transforming industries, creating opportunities and challenges for established companies and startups (Rachinger et al., 2018). The LEGO Group, despite facing challenges, has successfully embraced digital transformation to enhance success. However, concerns about data security and ethical usage arise from extensive data collection from platforms like LEGO Ideas and Bricklinks (Holland & Wise, 2023). This research aims to address these issues and provides valuable insights from the LEGO Group's experiences to help organizations navigate their digital transformation initiatives effectively in today's digital landscape. |
| Keywords: | Business Model Innovation, Digital Transformation, Open Innovation, Dynamic Capabilities, The LEGO Group |
| Date: | 2024 |
| URL: | https://d.repec.org/n?u=RePEc:zbw:itsb24:302493 |
| By: | Laurent Loic Yves Bossavie; Erkan Duman; Aysenur Acar Erdogan; Mattia Makovec; Sirma Demir Seker |
| Abstract: | The central hypothesis of this research is that there is a strong, positive correlation between good management practices and firm performance, for which we find strong evidence in a survey on management practices of Turkish manufacturing firms. To better understand this relationship, we investigated the drivers of firm heterogeneity in management practices. We find that product market competition and firm-level factors such as size, multinational status, work effort in the workforce, the level of managerial hierarchy, and ownership are significant determinants of management practices. We also find that family ownership and management are significant deterrents to good management practices and are strongly associated with declines in firm performance. Through this study, we also explored whether the adoption of better management practices comes at the expense of a good work-life balance. In this regard, we find that better-managed firms, in addition to attaining higher performance levels, provide better working conditions for their employees, resulting in improved employee well-being. |
| Date: | 2024–09–01 |
| URL: | https://d.repec.org/n?u=RePEc:wbk:hdnspu:193764 |
| By: | Grimaud, André; Gray, Elie |
| Abstract: | We formalize inter-sectoral knowledge diffusion in a standard fully endogenous Schumpeterian growth model. Each sector is simultaneously sending and receiving knowledge; thereby, to produce new knowledge, the research and development activity of each sector draws from a pool of knowledge which stems from this diffusion. This enables us to revisit the scale effects issue by revealing how this property (inconsistent with empirical evidence) relates with knowledge diffusion (the importance of which is empirically highlighted). We show that suppressing knowledge diffusion across sectors is a sufficient but not necessary condition for obtaining scale-invariancy. Then, we identify several sets of assumptions which enable us to obtain models which are reasonably consistent with empirical evidence both on scale effects and how knowledge diffuses in the economy. Specifically, these models do not exhibit scale effects (or at least not significant ones) while considering various scope of knowledge diffusion (including possible occurrence of general-purpose technologies). |
| Keywords: | Schumpeterian growth theory, Scale effects, Knowledge diffusion, Knowledge; spillovers, Non rivalry, echnological distance |
| JEL: | O30 O31 O33 O40 O41 |
| Date: | 2024–09–20 |
| URL: | https://d.repec.org/n?u=RePEc:tse:wpaper:129742 |
| By: | Tom Broekel; Torben Klarl; ; ; |
| Abstract: | Innovations are widely accepted as fundamental drivers of economic growth by increasing productivity and creating new markets. However, empirical evidence on the long-term relationship between technological progress and economic growth remains scarce, with few studies considering shifts in technologies’ fundamental properties, such as their degree of complexity. Yet, higher levels of complexity are argued to increase technologies’ economic potential, and consequently, ignoring this dimension of technologies provides an incomplete picture of innovations’ growth effects. We address this research gap by exploring the relationship between economic growth and technological complexity over more than 170 years in the United States (US). Utilizing patent data, the concept of the complexity frontier, and partial wavelet analysis, we find that economic growth has not been driven by patented innovation and technological complexity for most of this period. However, since the beginning of the ICT revolution in the 1990s, it has significantly contributed to GDP growth. |
| Keywords: | Innovation, Economic Growth, Technological Complexity, USA, Complexity Frontier, Wavelt Analysis |
| JEL: | O30 O47 N10 |
| Date: | 2024–09 |
| URL: | https://d.repec.org/n?u=RePEc:egu:wpaper:2427 |
| By: | James Bessen; Iain Cockburn; Jennifer Hunt |
| Abstract: | Using our own data on artificial intelligence publications merged with Burning Glass vacancy data for 2007-2019, we investigate whether online vacancies for jobs requiring AI skills grow more slowly in US locations farther from pre-2007 AI innovation hotspots. We find that a commuting zone which is an additional 200km (125 miles) from the closest AI hotspot has 17% lower growth in AI jobs' share of vacancies. This is driven by distance from AI papers rather than AI patents. Distance reduces growth in AI research jobs as well as in jobs adapting AI to new industries, as evidenced by strong effects for computer and mathematical researchers, developers of software applications, and the finance and insurance industry. 20% of the effect is explained by the presence of state borders between some commuting zones and their closest hotspot. This could reflect state borders impeding migration and thus flows of tacit knowledge. Distance does not capture difficulty of in-person or remote collaboration nor knowledge and personnel flows within multi-establishment firms hiring in computer occupations. |
| Keywords: | Technological change, Economic geography, Growth |
| Date: | 2024–10–01 |
| URL: | https://d.repec.org/n?u=RePEc:cep:cepdps:dp2038 |
| By: | Satoshi KAWAKATSU; Tomoki SEKIGUCHI |
| Abstract: | Recently, two published studies examined the relationship between psychological resilience and entrepreneurs’ well-being during the COVID-19 pandemic. One study demonstrated that entrepreneurs’ psychological resilience was related to their well-being during the COVID-19 pandemic period, whereas the other study showed that entrepreneurs’ psychological resilience was unnecessary in maintaining well-being during the same period. We argue that these seemingly contradictory findings can be resolved by using the set-theoretic approach rather than the regression-based approach, which allows the examination of multiple causal pathways to outcomes and to differentiate and identify necessary and sufficient conditions in causality. The results of qualitative comparative analysis (QCA) using the Japanese data demonstrated that psychological resilience is sufficient but not necessary condition for entrepreneurs’ well-being when a threat to the business is perceived by entrepreneurs, which is consistent with the findings of the two previous studies. Based on the findings, we propose future research to better understand the nature of entrepreneurial resilience. |
| Keywords: | entrepreneurship, resilience, well-being, COVID-19, fuzzy set qualitative comparative analysis (fsQCA) |
| Date: | 2024–09 |
| URL: | https://d.repec.org/n?u=RePEc:kue:epaper:e-24-006 |
| By: | Peter J. Klenow; Huiyu Li |
| Abstract: | Over time and across states in the U.S., the number of firms is more closely tied to overall employment than to output per worker. In many models of firm dynamics, trade, and growth with a free entry condition, these facts imply that the costs of creating a new firm increase sharply with productivity growth. This increase in entry costs can stem from the rising cost of labor used in entry and weak or negative knowledge spillovers from prior entry. How entry costs vary with growth matters for welfare. For example, our findings suggest that productivity-enhancing policies will not induce entry of firms, thereby limiting the total impact of such policies on welfare. |
| JEL: | O41 |
| Date: | 2024–09 |
| URL: | https://d.repec.org/n?u=RePEc:nbr:nberwo:32974 |
| By: | Prisca P Rutatola (Local Government Training Institute, Dodoma, Tanzania.); Getrude J Danieli (CBE - College of Business Education); Ismail A Changalima (UDOM - University of Dodoma [Tanzanie]) |
| Abstract: | The advancement of information technology has revolutionised most aspects of public procurement, including the way suppliers are involved in public procurement opportunities. This study explores the link between social influence and behavioural intention in the usage of the National e-Procurement System of Tanzania (NeST) among suppliers. The study also examines the moderating effect of top management support (TMS) in the relationship between social influence and behavioural intention. Based on cross-sectional data collected from 447 small and medium-sized enterprise suppliers in Dodoma and Dar es Salaam through structured questionnaires and analysed quantitatively using partial least squares structural equation modelling (PLS-SEM), the study confirms the positive relationship between social influence and behavioural intention in e-procurement usage. Additionally, the study confirms that TMS strengthens the relationship between social influence and behavioural intention. Specifically, suppliers with a high level of TMS experience a greater effect of social influence on their behavioural intentions compared to those with a low level of TMS. Therefore, both social influence and TMS play significant roles in amplifying behavioural intention. These insights provide crucial implications for practitioners and policymakers who are involved in e-procurement, and academics interested in public procurement. |
| Keywords: | Behavioural intention, Electronic procurement, SME suppliers, Social influence, Top management support |
| Date: | 2024–06–30 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-04683277 |
| By: | Eddy Garcia (MRM - Montpellier Research in Management - UPVD - Université de Perpignan Via Domitia - UM - Université de Montpellier, UM - Université de Montpellier); Stephany Eric (MRM - Montpellier Research in Management - UPVD - Université de Perpignan Via Domitia - UM - Université de Montpellier, UM - Université de Montpellier) |
| Abstract: | Our study explores the impact of Design Thinking (DT) (Brown 2008) on the performance of innovative companies during the initialization phase of governance within the specific framework of seed funding. Our analysis highlights the role of DT in understanding the emotional mechanisms (Goglin 2020) necessary to optimize stakeholder relationships in a context of uncertainty. In this article, we analyze how DT improves decision-making, fosters social innovation, and how its integration into governance can lead to financing strategies that are consistent with those defined during the business plan design. Through a literature review, we observe that emotional levers can influence the performance of innovative companies, while suggesting that DT can develop more informed financing strategies by better leveraging cognitive mechanisms. Our article opens up future opportunities on the theoretical approach to specific tools based on empathetic and narrative methods, or informational exchanges between factual and conceptual environments, to better understand the needs of both investors and entrepreneurs. This can lead to better communication between stakeholders, helping to manage, for example, 'adverse selection' and 'information asymmetry' (Kaplan and Stromberg 2003; Lerner 1994). By focusing particularly on the interrelational exchanges of stakeholders, this exploratory study emphasizes the importance of integrating DT to reduce the sense of uncertainty (Wallmeroth, Wirtz, and Groh, 2018), thereby optimizing the company's financial and operational performance at a crucial stage of its development: the due diligence phase. |
| Abstract: | Notre étude explore l'impact du Design Thinking (DT) (Brown 2008) sur la performance des entreprises innovantes dans la phase d'initialisation d'une gouvernance liée au cadre particulier du financement d'amorçage. Notre analyse met en lumière le rôle du DT dans la compréhension des mécanismes émotionnels (Goglin 2020) nécessaires pour optimiser la relation que les parties prenantes entretiennent dans un contexte d'incertitude. Nous analysons dans cet article la manière dont le DT améliore la prise de décision, favorise l'innovation sociale, et comment son intégration dans la gouvernance peut conduire à des stratégies de financement cohérentes avec les stratégies définies lors de la conception du business plan. A travers une revue de la littérature, nous relevons que des leviers émotionnels peuvent agir sur la performance des entreprises innovantes, tout en suggérant que le DT peut développer des stratégies de financement plus éclairées grâce à une meilleure exploitation des mécanismes cognitifs. Notre article ouvre des opportunités futures sur l'approche théorique d'outils spécifiques s'appuyant sur des méthodes empathiques et narratives, ou des échanges informationnels entre environnements factuels et conceptuels, pour mieux comprendre les besoins des investisseurs et ceux des entrepreneurs. Ce qui peut conduire à une meilleure communication entre les parties prenantes pour mieux gérer par exemple la 'sélection adverse' et 'l'asymétrie d'information' (Kaplan et Stromberg 2003 ; Lerner 1994). En se concentrant particulièrement sur les échanges interrelationnels des parties prenantes, cette étude exploratoire souligne l'importance d'intégrer le DT pour favoriser la réduction du sentiment d'incertitude (Wallmeroth, Wirtz et Groh, 2018), et ainsi optimiser les performances financières et opérationnelles de l'entreprise à un moment crucial de son développement : la phase de due diligence. |
| Keywords: | gouvernance des entreprises innovantes due diligence design thinking émotions, gouvernance des entreprises innovantes, due diligence, design thinking, émotions |
| Date: | 2024–06–13 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-04691561 |