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on Economics of Strategic Management |
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Issue of 2023‒09‒25
four papers chosen by João José de Matos Ferreira, Universidade da Beira Interior |
| By: | Carioli, Paolo; Czarnitzki, Dirk |
| Abstract: | Skills shortage has become a key policy issue in highly developed and innovation-oriented economies, with non-negligible consequences on firms' innovation activities. We investigate the effect of skills shortage on firms' innovation openness, which is considered to be one of the key drivers of innovation performance. We hypothesize that scarcity of personnel causes firms to cooperate more broadly with external partners. Using cross-sectional data from the German contribution to the Community Innovation Survey (CIS), and exploiting detailed information on the extent to which firms could fill their job vacancies, we find that, on average, a one standard deviation increase in skills shortage more than doubles a firm's cooperation breadth. We contribute to the literature on human capital in relation to open innovation by characterizing the necessity of openness as a way to mitigate the scarcity of skills. |
| Keywords: | open innovation, R&D collaboration, skills shortage |
| JEL: | O36 J63 |
| Date: | 2023 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:zewdip:23031&r=cse |
| By: | Xing Shi (School of Economics, Hefei University of Technology, Hefei, China); Ya Zhang (School of Economics, Hefei University of Technology, Hefei, China); Yanrui Wu (Business School, The University of Western Australia); Huaqing Wu (School of Economics, Hefei University of Technology, Hefei, China) |
| Abstract: | The empirical work in this paper is based on an analysis of the data of China's listed companies, the innovation and entrepreneurship index, and local official turnover data at the city level. It shows that policy uncertainty caused by local political turnover in local governments significantly reduces firm innovation. However, improvement in local innovation and entrepreneurship environment can lessen this negative impact. This moderating effect is especially relevant among non-high-tech or financially constrained firms. The robustness of these findings is checked through a series of alternative analyses such as dealing with endogeneity, optional measures of the dependent variable and subsamples. |
| Keywords: | Political turnover, Policy uncertainty, Innovation and entrepreneurship environment, Firm innovation, China |
| JEL: | L25 O31 |
| Date: | 2023 |
| URL: | http://d.repec.org/n?u=RePEc:uwa:wpaper:23-08&r=cse |
| By: | Alex Coad (Waseda Business School, Japan); Clemens Domnick (European Commission - JRC); Pietro Santoleri (European Commission - JRC); Stjepan Srhoj (University of Split, Croatia) |
| Abstract: | Policy-makers and scholars often assume that a higher incidence of high-growth firms (HGFs) is synonymous with vibrant regional economic dynamics. We test whether more developed regions, which presumably feature superior entrepreneurial ecosystems (EE), have a higher incidence of HGFs. Empirical evidence suggests that the highest shares of HGFs in Europe are found in peripheral regions, which goes against common assumptions and popular theories. The results call for i) a more nuanced interpretation of regional HGF shares, including a better understanding of their nature and drivers as well as ii) a refinement of the theoretical EE framework. |
| Keywords: | high-growth firms, regional policy, regional economic development |
| JEL: | R11 L26 |
| Date: | 2023–07 |
| URL: | http://d.repec.org/n?u=RePEc:ipt:iptwpa:jrc134577&r=cse |
| By: | Huseyin Emre Sayici (Fisher College of Business, Ohio State University); Mehmet Fatih Ulu (College of Administrative Sciences and Economics, Koç University) |
| Abstract: | This study examines the economic effects of research and development (R&D) supports in the context of a program implemented in Türkiye between 2006-2019. Firms receiving the support differ positively from other firms in key economic indicators. Results indicate a 6% rise in patent registrations, 9% growth in value-added, 26% surge in total wages, 17% increase in per capita wages, 9% expansion in employment, 10% boost in productivity, 11% rise in exported product diversity, and 4% uptick in sales due to the support. Nonetheless, the effects on productivity and sales are statistically weaker than other impacts. The average impact of patents is also modest. Large-scale firms exhibit significant benefits, with a 33% rise in patent numbers and a 13% growth in sales. These firms effectively leverage support to commercialize R&D investments and innovations. Small-sized firms experience stronger productivity effects. Productivity gains grow with scale among SMEs, but large firms do not see positive productivity effects. |
| Keywords: | R&D supports, TEYDEB, innovation, matching. |
| JEL: | O31 O32 O38 |
| Date: | 2023–09 |
| URL: | http://d.repec.org/n?u=RePEc:koc:wpaper:2308&r=cse |