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on Small Business Management |
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Issue of 2026–10–05
twenty-one papers chosen by João Carlos Correia Leitão, Universidade da Beira Interior |
| By: | Saverio Barabuffi; Jacopo Cricchio; Alberto Di Minin; Guido Pialli |
| Abstract: | Knowledge spillovers have largely been studied as unintended externalities diffusing through geographic proximity, while deliberate interregional networks have been examined mostly through co-inventor ties rather than the scientific layer carried by co-authored publications. This study asks whether spillovers from interregional AI-related co-publications increase regional AI patenting, and whether the ownership composition of regional R&D shapes the capacity to capitalize on them. Using a network-econometric approach across 26 Chinese provincial-level regions from 2006 to 2020, we find that co-publication spillovers foster AI patenting, but the returns concentrate almost entirely in regions where privately owned enterprises dominate R&D, reinforcing regional divergence. |
| Date: | 2026–09 |
| URL: | https://d.repec.org/n?u=RePEc:arx:papers:2609.26604 |
| By: | Umihanić, Bahrija; Smajlović, Selma; Lukić, Irena |
| Abstract: | The aim of this paper is to examine the role of entrepreneurial orientation as a multidimensional strategic capability and its effect on firm performance in Bosnia and Herzegovina. Grounded in a theoretical framework that conceptualizes entrepreneurial orientation as a dynamic construct composed of five dimensions - innovativeness, proactiveness, risk-taking, autonomy, and competitive aggressiveness, the research explores relationships between these dimensions and both financial and non-financial performance outcomes. Empirical data were collected using a structured and validated questionnaire administered to managers and owners of 73 enterprises of different sizes across various sectors. Data were analyzed using descriptive statistics, reliability tests, and multiple regression techniques using the SPSS software package. Findings show that the overall entrepreneurial orientation positively and significantly influences firm performance. At the dimension level, autonomy and competitive aggressiveness emerged as particularly important predictors: autonomy is most strongly associated with non-financial outcomes such as customer loyalty, reputation, and process flexibility, while competitive aggressiveness is most closely linked to improvements in financial indicators. Innovativeness, proactiveness, and risk-taking also contribute positively to performance, albeit with more modest incremental effects. The paper contributes theoretically by clarifying the relative role of entrepreneurial orientation dimensions in a transitional economy context and offers practical implications for managers and policymakers, particularly regarding leadership development, organizational design, and policies that foster an entrepreneurial climate to strengthen firm competitiveness. |
| Keywords: | entrepreneurial orientation, business performance, innovativeness, autonomy, competitive aggressiveness |
| JEL: | L25 L26 M12 O3 |
| Date: | 2025 |
| URL: | https://d.repec.org/n?u=RePEc:zbw:esconf:343870 |
| By: | Vladimir Asriyan; Alberto Martin; Guillermo Ordoñez; Victoria Vanasco |
| Abstract: | We study a dynamic economy in which heterogeneous entrepreneurs invest in either generic or innovative technologies, the latter relying on intangible, firm-specific assets whose payoffs are realized through learning or experimentation (e.g., know-how, R&D). A key friction is that, to finance investment, entrepreneurs can pledge assets but not cash flows. We show that innovative technologies can relax financing constraints by increasing the value of continuation relative to default, thereby enabling borrowing against future cash flows. Technology choice is non-monotonic in productivity: low-productivity entrepreneurs innovate-to-experiment and delay investment, intermediate types adopt generic technologies, and high-productivity entrepreneurs innovate-to-scale and relax financial constraints. In equilibrium, financial frictions distort both the allocation of capital and the choice of technology, leading to insufficient experimentation. The model helps us understand how innovation is adopted across firms and economies and has novel policy implications. |
| Keywords: | borrowing capacity, experimentation, financial frictions, innovation, intangible capital, misallocation, technology choice |
| JEL: | D24 E22 G32 O31 O40 |
| Date: | 2026–09 |
| URL: | https://d.repec.org/n?u=RePEc:bge:wpaper:1597 |
| By: | Seula Kim; Jane Olmstead-Rumsey; Honghao Wang |
| Abstract: | Teams of inventors now produce over 80 percent of U.S. patents, up from just 45 percent in 1976. Over the same period, inventor employment has become increasingly concentrated in large firms, rising six times more than overall employment concentration. To explain these trends, we develop a new model of endogenous team formation within firms and embed it in a general equilibrium model of the inventor labor market. Teams increase firms’ returns to scale by increasing the likelihood of productive matches between inventors. The value of these matches rises over time, possibly driven by increasing knowledge specialization. This causes large firms to expand and small firms to shrink in equilibrium, accounting for the observed increase in inventor employment concentration. Because firms do not internalize knowledge spillovers, there is misallocation of inventors across firms. The rise of team production amplifies this misallocation by a factor of six by reallocating inventors away from small firms that generate disproportionately large knowledge spillovers. |
| Keywords: | innovation; R&D teams; inventor allocation; firm dynamics; economic growth |
| JEL: | E23 E24 O31 O32 O33 |
| Date: | 2026–09–22 |
| URL: | https://d.repec.org/n?u=RePEc:fip:fedpwp:103815 |
| By: | Renzullo, Elena; Scotti, Francesco |
| Abstract: | We examine whether incentive-based policies reduce 2 emissions among beneficiary Italian firms, using project-level data from European cohesion policy. Exploiting quasi-random variation in the timing of EU-funded projects, we apply a staggered difference-in-differences design. We find robust evidence that EU climate-related incentives lower firm emissions. Recipient firms reduce 2 emissions per unit of assets by 4.6% relative to non-recipient firms, while a 1% increase in EU funds per unit of assets leads to a 1.1% reduction in emissions. The effects are larger in less developed and transition regions, where policy resources are more concentrated, and among energy-sector firms. We further show that emission reductions are mainly driven by increased R&D activity: firms receiving green EU funds raise patenting by 3.0%–3.6%, with no significant effects on employment or tangible assets. These findings highlight the potential of incentive-based climate policy. |
| Keywords: | carbon abatement;CO2 emissions;EU cohesion policy;green transition;incentive-based policies |
| JEL: | Q58 Q56 |
| Date: | 2026–09–24 |
| URL: | https://d.repec.org/n?u=RePEc:ehl:lserod:141132 |
| By: | Annika Bacher; Andreas Fagereng; Marius A. K. Ring; Ella Getz Wold |
| Abstract: | Governments have long imposed minimum equity requirements on new corporations. Opponents view them as barriers to entry while proponents argue that they protect stakeholders from financially unviable businesses. We study this quantity-quality trade-off using a Norwegian reform and comprehensive data linking entrepreneurs to their firms. A 70% reduction in required capital nearly doubled entrepreneurial entry, with no deterioration in survival, profitability, productivity, or interest-bearing leverage and no differences in founders’ ex-ante income, liquidity, or ability. These results suggest capital requirements restrict entrepreneurship without screening on quality or liquidity. Rather, we highlight returns-to-scale heterogeneity as an important determinant of the observed entry response. |
| JEL: | G38 G50 H10 H32 J24 |
| Date: | 2026–09 |
| URL: | https://d.repec.org/n?u=RePEc:nbr:nberwo:35780 |
| By: | Xinru Chen; Mara Faccio; Stefano Manfredonia; Jin Xu |
| Abstract: | We investigate how limiting interest deductibility under the 2017 TCJA shapes corporate innovation. Using alternative identification strategies, we show that, relative to unaffected firms, affected firms experience significant declines in patenting and narrow the technological scope of their patent portfolios. This contraction is concentrated in exploitative patents, the type of innovation most naturally supported by debt financing. By weakening firms’ ability to finance innovation with long-term debt, interest limitations reveal a novel channel linking taxation to innovation, with the debt tax shield serving as an implicit subsidy. Cross-country evidence from the staggered implementation of interest limitation rules confirms negative effects. |
| JEL: | G3 G31 H25 |
| Date: | 2026–09 |
| URL: | https://d.repec.org/n?u=RePEc:nbr:nberwo:35775 |
| By: | Burić, Ema; Čavalić, Admir; Hadžić, Faruk |
| Abstract: | In the context of increasing global competition and rapid technological change, talent management has become a strategic imperative, especially for small and medium-sized enterprises. This paper first explores the importance of talent management and its relevance in a dynamic business environment shaped by digital transformation and artificial intelligence. Through desk research, it is demonstrated that effective talent strategies are becoming essential for innovation, adaptability, and long-term competitiveness. Building on these findings, the paper presents five case studies conducted in 2023 across diverse service enterprises, including banking, retail, IT, hospitality, and market research. The aim was to provide a deeper insight into the actual forms of implementation, practices, and challenges that organizations face in the process of talent management. The results indicate that while the importance of talent management is widely acknowledged, it is rarely implemented as a comprehensive, integrated system. Instead, SMEs tend to focus on isolated activities, often lacking strategic alignment. The paper concludes that in BiH there is a strong need for greater promotion of talent management as a strategic priority. To achieve meaningful and sustainable results, SMEs should move beyond fragmented efforts and adopt a comprehensive talent management model. |
| Keywords: | talent, talent management, talent management strategy |
| JEL: | O15 J24 M12 |
| Date: | 2025 |
| URL: | https://d.repec.org/n?u=RePEc:zbw:esconf:343369 |
| By: | Roche, Maria P.; Choudhury, Prithwiraj; Larson, Barbara; Ter Wal, Anne L. J. |
| Abstract: | Do organisations need mandatory return-to-office policies to foster creativity and innovation? This article evaluates that question through a balance synthesis of arguments presented in a live debate at the 2025 DRUID conference. The argument in favour of office mandates highlights that sustained and predictable patterns of co-presence enable the knowledge spillovers, tacit knowledge exchange, serendipitous encounters, intimate co-creation, and cultural cohesion that are critical to creativity and innovation. The case against such mandates stresses their potential costs, including reduced autonomy, psychological reactance, weaker motivation, homophily, and the risk of mistaking presence for effective collaboration, especially given the growth of distributed innovation and given that remote work allows firms to tap into distant talent. Our collective assessment is that co-presence clearly matters for creative and innovative work. The evidence presented during the debate does not clearly support the stronger claim that the threshold must be a majority of working time, or that the policy instrument must be a mandate. We conclude that the key challenge is not simply where people work, but how organisations facilitate interaction and collaboration across modes of work. |
| Keywords: | creativity;innovation;remote work;office mandates;collaboration;organization |
| JEL: | O31 O32 M54 D83 J81 |
| Date: | 2026–09–22 |
| URL: | https://d.repec.org/n?u=RePEc:ehl:lserod:141092 |
| By: | Claude Chien Hung Liu (Audencia Business School) |
| Abstract: | The purpose of this study is to investigate how organisational learning enhances performance in big data analytics (BDA)–artificial intelligence (AI) environments by integrating institutional theory and the knowledge-based view. Specifically, it examines the influence of competitive pressure and data-driven culture (DDC) on performance through organisational learning (OL), and whether analytics talent capability moderates the learning–performance relationship. Design/methodology/approach This study surveyed 374 Chinese managers and IT leaders involved in BDA–AI across industries. Data were collected via an online platform using a seven-point Likert scale. The research model was tested with PLS-SEM (SmartPLS 4.0) and 5, 000 bootstraps, controlling for firm size, industry type and common method bias. Findings The study finds that a DDC influences organisational performance only indirectly through OL. Competitive pressure (CP) positively impacts OL, which strongly improves performance. Additionally, BDA–AI analytics talent significantly moderates the OL–performance link, indicating that greater talent enhances an organisation's ability to translate learning into better performance outcomes. Research limitations/implications This study reveals that a DDC improves organisational performance only when mediated by OL, providing important insights for institutional theory and the KBV. It challenges the assumption that culture alone drives performance, emphasising the essential role of learning in converting knowledge into strategic value. Additionally, BDA–AI talent significantly moderates the learning–performance relationship, highlighting the critical influence of human capital. Future research should examine the interplay of institutional pressures, learning capabilities and talent in data-intensive contexts. Practical implications Organisations must foster a DDC, invest in analytics talent and support continuous learning to maximise BDA–AI benefits. Data-based decision-making, upskilling and interdisciplinary training are essential. Without skilled talent, learning processes falter. Aligning culture, learning and talent is key to driving innovation, adaptability and sustained performance in data-intensive environments. Originality/value This study offers a novel perspective by integrating institutional theory and the knowledge-based view to examine how external pressures and internal capabilities jointly influence performance in BDA–AI adoption. It uniquely highlights OL as a core mechanism and introduces BDA–AI talent capability as a key moderator. Addressing a gap in existing research, the paper emphasises that technology alone is insufficient – organisational processes and human capital are essential for realising AI's strategic value, offering both theoretical and practical contributions to the field. |
| Keywords: | organisational performance, knowledge-based view (KBV), organisational learning, big data analytics and AI (BDA-AI), New institutional theory big data analytics and AI (BDA-AI) organisational learning knowledge-based view (KBV) organisational performance, Artificial inteligence, Organisational performance, Knowledge-based view (KBV), Organisational learning, Big data analytics, New institutional theory |
| Date: | 2026–01–09 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-05740653 |
| By: | Kurz, Konstantin |
| Abstract: | Entrepreneurial and nonentrepreneurial life is about making decisions. For centuries, the process of making such decisions was viewed as purely rational and cognitive – an understanding that was long echoed in the entrepreneurship literature. However, at the beginning of this millennium, this non-emotional, utility-maximizing decision-making concept was challenged by the rise of manifold studies from social psychology and neuroscience providing empirical evidence for the role of emotions in decision making. These findings have then also been incorporated into the literature on entrepreneurship, which has begun to capture entrepreneurial action as an emotional journey. Yet, little is known empirically about the interplay of these emotional and cognitive processes during entrepreneurial decision making. Inspired by multiple calls for research on this topic, this dissertation investigates when emotions facilitate or impair effective entrepreneurial and ethical decision making. For this, this manuscript summarizes three studies, each with a distinct, unique, real-world dataset. The first research setting analyzes the effect of emotions relived through empathy on the level of entrepreneurial action in the form of new product launches. The empirical analysis on 4, 425 real entrepreneurs reveals that relived emotions affect these entrepreneurs’ new product launches in an inverted U-shaped relationship, suggesting a novel “too-much-of-a-good-thing” logic for entrepreneurial empathy. The second study investigates the effect of emotions on the resource acquisition effectiveness of survival-driven crowdfunding campaigns, an entirely new campaign type. In this study, we demonstrate that for this new campaign type, negative emotional tone strategies can facilitate resource acquisition, contrasting the thus far prevailing understanding that positive emotional cues are universally beneficial for improving crowdfunding success. Finally, the last study of this dissertation analyzes the rational and emotional motives for sharing electricity during a long-lasting power outage. The empirical results of this third study show that emotional motives play a surprisingly strong role relative to rational factors for facilitating prosocial contribution behavior in such a crisis setting. With these three multifaceted research settings, this dissertation as a whole clearly illustrates the need for close interaction of both cognitive and emotional factors for effective entrepreneurial and ethical decision making. |
| Date: | 2026–09–10 |
| URL: | https://d.repec.org/n?u=RePEc:dar:wpaper:162281 |
| By: | YEMTE TCHEYO, Yves; MBONDO, Georges Dieudonné |
| Abstract: | This article aims to demonstrate that taxation, as a modality of formal institutions, exerts asymmetric effects on the development of opportunity and necessity entrepreneurship in sub-Saharan African economies. To this end, it uses an unbalanced panel covering 37 to 44 African economies over the period 2005–2018, based on ILOSTAT–World Bank data, to operationalize the cyclical perspective of Fairlie and Fossen (2018), necessary for constructing two binary indicators of entrepreneurship (OPP and NEC) on African data. A probit model with random effects on binary panel data is then estimated and validated using Wooldridge's (2002) battery of tests. The results, robust to the various tests conducted, show that a one percentage point increase in the total tax burden decreases the probability of opportunity entrepreneurship by 1.2 percentage points (at the 1% significance level) and that of necessity entrepreneurship by 0.8 percentage points (at the 5% significance level). This results in a negative skew of a factor of 1.5 against opportunity entrepreneurship. This magnitude skew, which, to our knowledge, demonstrates the first empirical validation in an African context, shows that the opportunity entrepreneur, directly exposed to the transaction costs of the formal sector, fully bears the impact of the tax burden, while the necessity entrepreneur, partially protected by their informal sector affiliation, experiences only a fraction of it. |
| Keywords: | Taxation; Opportunity entrepreneurship; Necessity entrepreneurship; Formal institutions; Sub-Saharan Africa; Magnitude asymmetry; Random effects probit; Binary panel |
| JEL: | H25 L26 O17 O55 |
| Date: | 2026–06–23 |
| URL: | https://d.repec.org/n?u=RePEc:pra:mprapa:131116 |
| By: | Giacomo Rodano (Bank of Italy) |
| Abstract: | Using administrative data on Italian firms and courts, this paper studies whether judicial inefficiency influences the likelihood and timing of bankruptcy filings. To address endogeneity, we instrument court efficiency with judge turnover. We find that inefficient courts significantly reduce the likelihood that financially distressed firms file for bankruptcy. Judicial inefficiency also substantially delays bankruptcy filing: firms remain insolvent longer and are more likely to enter bankruptcy after extended periods of economic distress, contributing to the persistence of insolvent and zombie firms, with adverse implications for resource reallocation. |
| Keywords: | judicial efficiency, insolvency proceedings, financial distress, zombie firms |
| JEL: | G33 K41 K22 D24 |
| Date: | 2026–07 |
| URL: | https://d.repec.org/n?u=RePEc:bdi:opques:qef_1035_26 |
| By: | Irene Di Marzio (Bank of Italy); Sara Pinoli (Bank of Italy) |
| Abstract: | Mergers and acquisitions (M&As) play a key role in the restructuring of the business sector, with potential implications for economic growth, allocative efficiency, market power and the public interest. This paper uses data from the Chambers of Commerce and Moody's Orbis, documents M&A deals in Italy and other major European Union countries to describe the firms involved and examine the effects of M&As on firm performance. The main findings show that, over the past decade, approximately 6, 000 operations per year have been recorded in Italy, with the trend increasing over the last five years. M&As have primarily involved firms that are more technologically advanced, both in manufacturing and services, and have contributed to the consolidation of the production system. Within five years of the deal, employment in the consolidated firm is about 4 per cent lower than it would have been without the deal. This evidence is partly due to divestitures of business units, consistent with processes of productive reorganization. The impact of M&A transactions varies depending on the competitive environment: in less internationally exposed sectors, an increase in market power is also observed, whereas no significant effects are found in tradeable sectors. |
| Keywords: | mergers and acquisitions, firm performance, market power, competition |
| JEL: | G34 L25 L40 |
| Date: | 2026–07 |
| URL: | https://d.repec.org/n?u=RePEc:bdi:opques:qef_1045_26 |
| By: | Qazi Haque (The University of Adelaide); Oscar Pavlov (University of Tasmania); Mark Weder (Aarhus University) |
| Abstract: | Recent decades have seen a rise in the market power of large firms. We propose a theory in which their technology involves the ability to produce multiple products. Large firms interact with smaller competitors and market share reallocations via product creation generate heterogeneous markup dynamics across the firm types. Higher market shares of large firms increase the parameter space for macroeconomic indeterminacy. Bayesian estimation of the general equilibrium model suggests the importance of the endogenous amplification of the product creation channel and animal spirits play a non-trivial role in driving U.S. business cycles. |
| Keywords: | Indeterminacy, business cycles, multi-product firms, animal spirits, Bayesian estimation. |
| Date: | 2025–04 |
| URL: | https://d.repec.org/n?u=RePEc:adl:wpaper:2025-04 |
| By: | Abdelkarim Hssoune (Université Ibn Zohr = Ibn Zohr University [Agadir]); Ahmed Amghar (Université Ibn Zohr = Ibn Zohr University [Agadir]); Najib Bahmani (Université Ibn Zohr = Ibn Zohr University [Agadir]); Rachid El Aarji (Université Ibn Zohr = Ibn Zohr University [Agadir]) |
| Abstract: | This study investigates the determinants of crop diversification among small family farms in the province of Chtouka-Aït Baha, located in the Souss-Massa region of Morocco. Based on a field survey conducted between January and August 2022 among 296 farms, a binary crop diversification variable (DIVCULT) was constructed, distinguishing specialized farms (single crop) from diversified farms (two or more crops). The results show that 58.1% of the surveyed farms practice crop diversification. A statistically significant binary Logit model (χ² = 96.808; p < 0.001), with a good fit to the data (Hosmer–Lemeshow test: p = 0.091; Nagelkerke R² = 0.376), was used to identify the main determinants of this practice. The age of the farm head and agricultural income have a significant negative effect on crop diversification, whereas education level, household size, cultivated area, non-agricultural income, and geographical location have positive effects. However, the latter exhibits a statistically significant individual effect only for the commune of Inchaden compared with Sidi Ouassay. These findings highlight the crucial role of human capital, cultivated land area, and family labor availability in shaping crop diversification strategies among small family farms. They also emphasize the need to strengthen public policies aimed at improving agricultural education, enhancing access to productive resources, and supporting income diversification in order to promote more resilient and sustainable farming systems. |
| Abstract: | Cette étude analyse les déterminants de la diversification des cultures au sein des petites exploitations agricoles familiales de la province de Chtouka-Aït Baha, dans la région de Souss-Massa (Maroc). À partir d'une enquête de terrain menée entre janvier et août 2022 auprès de 296 exploitations, une variable binaire de diversification (DIVCULT) a été construite, distinguant les exploitations spécialisées (une seule culture) des exploitations diversifiées (au moins deux cultures). Les résultats montrent que 58, 1 % des exploitations enquêtées pratiquent la diversification des cultures. Un modèle Logit binaire, statistiquement significatif (χ² = 96, 808 ; p < 0, 001) et présentant un bon ajustement aux données (test de Hosmer-Lemeshow : p = 0, 091 ; R² de Nagelkerke = 0, 376), a permis d'identifier les principaux déterminants de cette pratique. L'âge du chef d'exploitation et le revenu agricole exercent un effet négatif significatif sur la diversification, tandis que le niveau d'instruction, la taille du ménage, la superficie cultivée, le revenu non agricole et la localisation géographique l'influencent positivement, cette dernière présentant toutefois un effet individuel significatif uniquement pour la commune d'Inchaden par rapport à Sidi Ouassay. Ces résultats mettent en évidence le rôle déterminant du capital humain, de la superficie cultivée et de la disponibilité de la main-d'oeuvre familiale dans les stratégies de diversification des petites exploitations agricoles. Ils soulignent également l'importance de renforcer les politiques publiques en matière de formation agricole, d'amélioration de l'accès aux ressources productives et de soutien à la diversification des revenus afin de promouvoir des systèmes agricoles plus résilients et durables. |
| Keywords: | crop diversification, Chtouka-Aït Baha, Logit model, small family farms, Morocco, modèle Logit, petites exploitations agricoles familiales, Maroc, diversification des cultures |
| Date: | 2026–08–11 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-05755346 |
| By: | Gjorgjioska, Emilija; Spaseska, Tatjana; Risteska Jankuloska, Aneta; Odzaklieska, Dragica |
| Abstract: | Factoring as a product of autonomous trade practice has become a very popular method for small and medium enterprises' (SMEs) financing. The financing through factoring is a specific way of fundraising through the account receivables sale by the factor provider who buys the account receivables for some financial interest. The main aim of the research is to analyze the factoring legal regime and practical application of factoring in the Republic of North Macedonia through some economic indicators. More specifically, it will be implemented comparative analysis on the legal regime and application in some Balkan countries. The main findings of the research highlight that the factoring in the Republic of North Macedonia is recognized in many legal acts but it's still missing a unitary regulation for the way on which the financial companies and banks will perform this service as factors. Considering the results of the research, the authors provide recommendations aimed to improve the application of factoring as an alternative source for SME's finding in North Macedonia. |
| Keywords: | factoring contract, SMEs, financing, lex specialis |
| JEL: | K22 K12 C00 G32 |
| Date: | 2025 |
| URL: | https://d.repec.org/n?u=RePEc:zbw:esconf:343400 |
| By: | Claude Chienhung Liu (Audencia Business School) |
| Abstract: | This study examines how Big Data Analytics Capability (BDAC) creates strategic business value by enabling value-creation mechanisms. Design/methodology/approach This study used a quantitative survey approach via a Chinese research firm with the largest panel database. All questionnaires were translated and back-translated by bilingual experts; ambiguous items were refined following a pilot (n = 55). A pilot study (n = 55) and a main survey (n = 408) were conducted among Chinese firms adopting big data. PLS-SEM with 5, 000 bootstraps tested relationships among BDAC, value creation mechanisms (VCMs) and strategic business value. Common method bias was assessed and found to be non-significant. Findings This study finds that BDAC drives strategic value creation through the interconnected effects of its core components – technology, talent and management capabilities. The results reveal that these components work synergistically to enhance VCMs, translating analytics potential into tangible strategic benefits and strengthening firms' competitive advantage in dynamic business environments. Research limitations/implications Prior research applying OIPT to BDAC emphasised resources or direct performance effects. This study adopts a process-oriented view, framing BDAC as an enabler of VCMs like transparency, predictive modelling and adaptation. By testing mediating VCM, it validates BDAC interdependence and distinguishes functional versus symbolic outcomes, extending OIPT-BDAC understanding. The study's sample is limited to Chinese firms, restricting generalisability. Additionally, cross-sectional data limits insights into the long-term impact of strategic business value. Practical implications The study shows that investing in analytics talent and innovating value-creating mechanisms produces the largest returns from BDAC; technology investments alone are insufficient. Managers should operationalise value-creation mechanisms – data transparency, predictive modelling and proactive adaptation – and track both functional and symbolic KPIs. Originality/value This study advances the understanding of BDAC by positioning it as an essential enabler of value-creating processes rather than a direct source of value. Drawing on organisational information processing theory (OIPT), the research highlights how BDAC supports value-creation processes — data transparency, predictive modelling and proactive adaptation – that improve a firm's ability to respond in complex environments. Additionally, the study offers practical guidance for firms adopting big data analytics, stressing that the strategic value of BDAC lies in addressing organisational information processing needs to reduce uncertainty and improve decision-making outcomes. |
| Keywords: | Dynamic capability views, Value Creation Mechanisms, Strategic Business Value |
| Date: | 2025–12–08 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-05740643 |
| By: | Wagner, Joachim (Leuphana University Lüneburg) |
| Abstract: | The use of artificial intelligence (AI) goes hand in hand with higher productivity, higher product quality, and lower trade costs. Therefore, it can be expected to be positively related to export activities. This paper uses firm-level data from 12 member countries of the Euro Area collected in 2025 to shed further light on this issue by investigating the link between the intensity of use of AI and the intensive margins of exports measured as the percentage share of exports in total sales. Applying a new machine-learning estimator, Kernel-Regularized Least Squares (KRLS), which does not impose any restrictive assumptions for the functional form of the relation between margin of exports, the intensity of use of AI and any control variables, we find that firms which use AI more intensively do export a higher share of total sales. AI intensity and export intensity are positively related. |
| Keywords: | artificial intelligence, exports, firm level data, SAFE Data, kernel-regularized least squares (KRLS) |
| JEL: | D22 F14 |
| Date: | 2026–09 |
| URL: | https://d.repec.org/n?u=RePEc:iza:izadps:dp18939 |
| By: | Pierre Dubois (TSE-R - Toulouse School of Economics - UT Capitole - Université Toulouse Capitole - Comue de Toulouse - Communauté d'universités et établissements de Toulouse - EHESS - École des hautes études en sciences sociales - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement); Elissa Gentry (TSE-R - Toulouse School of Economics - UT Capitole - Université Toulouse Capitole - Comue de Toulouse - Communauté d'universités et établissements de Toulouse - EHESS - École des hautes études en sciences sociales - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement); Tuba Tunçel (TSE-R - Toulouse School of Economics - UT Capitole - Université Toulouse Capitole - Comue de Toulouse - Communauté d'universités et établissements de Toulouse - EHESS - École des hautes études en sciences sociales - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, FSU - Florida State University [Tallahassee], CEPR - Center for Economic Policy Research) |
| Abstract: | Off-label use regulation has the potential to change pharmaceutical firms' behavior and—consequently—affect patient welfare. We investigate the impact of changes in off-label regulation on pharmaceutical firms' behavior in seeking formal marketing ap proval for supplemental uses. In 2012, a US court decision protected truthful off-label promotion, providing pharmaceutical companies more leeway to promote off-label uses of their drug. Using a unique data set of pharmaceutical firms' research and development projects, we exploit this regulatory change to understand how firms react to government policies. Results demonstrate that the hazard of approval declined for supplemental uses, relative to original uses, after the policy change. Patent protection, potential market size, and competition are also important determinants of the hazard of approval. These results have implications not only for innovation policy but for the creation of high-quality data for certain indications. |
| Keywords: | Off-label drugs, Drug efficacy, Prescription drugs, Pharmaceutical firm behavior |
| Date: | 2026 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-05752206 |
| By: | Nxumalo, Mpumelelo (World Bank); Raju, Dhushyanth (World Bank) |
| Abstract: | Formal labor market integration remains central to Türkiye’s Syrian refugee response as policy shifts toward longer-term self-reliance and social cohesion. This paper uses a 2026 survey of micro, small, and medium-sized enterprises (MSMEs) across all 81 provinces in the country, with a dedicated Syrian refugee employment module in 24 provinces covering about 95 percent of Syrians under temporary protection. Among MSMEs in these provinces, 4.5 percent have ever hired Syrian refugee workers and 2.6 percent currently employ them, representing roughly 100, 000 and 58, 000 firms. Employer-reported experience is generally favorable, yet formal hiring remains constrained by limited knowledge of formal employment requirements, procedural complexity, low support program awareness and use, and reliance on personal networks and direct applications. Current and former employers are far more likely than never-employers to report that additional support would make hiring easier. The findings point to making work authorization pathways clearer and easier to use, reducing administrative frictions, strengthening matching and support services, and differentiating assistance by firms’ prior hiring experience. |
| Keywords: | Syrian refugees, MSMEs, formal employment, work permits, employer-side constraints, labor market integration, Türkiye |
| JEL: | J15 J61 J68 O15 L26 |
| Date: | 2026–09 |
| URL: | https://d.repec.org/n?u=RePEc:iza:izadps:dp18916 |