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on Economics of Strategic Management |
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Issue of 2023‒11‒13
five papers chosen by João José de Matos Ferreira, Universidade da Beira Interior |
| By: | Gianluca Biggi; Andrea Mina; Federico Tamagni |
| Abstract: | Using a firm-level dataset from the Spanish Technological Innovation Panel (2003-2016), this study explores the characteristics of environmentally innovative firms and quantifies the effects of pursuing different types of environmental innovation strategies (resource-saving, pollution-reducing, and regulation-driven innovations) on sales, employment, and productivity dynamics. |
| Date: | 2023–10 |
| URL: | http://d.repec.org/n?u=RePEc:arx:papers:2310.08353&r=cse |
| By: | Makrevska Disoska, Elena; Tonovska, Jasna; Toshevska-Trpcevska, Katerina; Tevdovski, Dragan; Stojkoski, Viktor |
| Abstract: | We investigate the interplay between innovation and productivity, emphasizing the role of environmental regulations on the innovation behaviours of European firms. Anchored in the Porter hypothesis, which proposes that environmental regulations can drive technological innovation and bolster commercial competitiveness, we utilize the CDM model (Crépon, Duguet, and Mairesse, 1998) for in-depth analysis. Our approach begins by pinpointing the factors that shape firms' decisions to innovate and the associated investments, employing the Heckman correction model. Subsequently, we adopt the three-stage least squares (3SLS) methodology to analyse both innovation outputs and firm productivity in tandem. Drawing data from the Community Innovation Survey (CIS) 2018, our structured examination unveils how diverse innovation drivers can elevate labor productivity in varied institutional landscapes. By contrasting the performance of South Europe (comprising Greece, Spain, Portugal) and Central Eastern Europe (countries like Bulgaria, Estonia, Hungary) against a German benchmark, our research offers a nuanced understanding of environmental regulations' influence on innovation and productivity across European contexts. |
| Keywords: | innovation, productivity, CDM model, CIS, Porter`s hypothesis |
| JEL: | C33 C36 O31 O33 |
| Date: | 2023–09–29 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:118724&r=cse |
| By: | Mauro Caselli; Andrea Fracasso; Arianna Marcolin; Sergio Scicchitano |
| Abstract: | In this paper, we empirically assess whether the perceived implications of technological innovations on the probability of job loss vary according to the innovation-related strategies adopted by firms. We take advantage of a unique dataset based on a large and representative cross-sectional survey covering several characteristics of Italian workers and their firms. We find that the relationship between technological innovations and job insecurity is moderated by firms’ technology-specific training programs, their dismissal plans, and the impact of innovations on the tasks and activities performed by workers. Thus, workers’ perceptions of job insecurity vary significantly across innovative firms and the adoption of technological innovations in the workplace has a multifaceted impact on the perceptions of job insecurity of the affected workers. |
| Keywords: | job insecurity, technology, innovation, firms |
| JEL: | J28 O33 |
| Date: | 2023 |
| URL: | http://d.repec.org/n?u=RePEc:ces:ceswps:_10673&r=cse |
| By: | Domenico Delli Gatti; Roberta Terranova; Enrico Maria Turco |
| Abstract: | In this paper we replicate most of the stylized facts characterizing the decline in business dynamism in the USA highlighted by Akcigit and Ates (2021) and provide an explanation of their emergence by means of a macroeconomic agent-based model populated by two types of firms: innovators who generate new and more productive capital goods, and entrepreneurs who employ labor and capital goods to produce consumption goods. A key ingredient of the model is the assumption that the entrepreneurs’ access to new and better capital goods depends on the knowledge gap, i.e., the wedge between the firm’s technical knowledge and the state of technology embodied in new capital goods. Within this framework, we investigate the obstacles to knowledge diffusion subsequently leading to declining business dynamism. Our findings indicate that only when knowledge diffusion decreases in both the technology imitation and adoption processes does it lead to high market concentration and markups, falling labor share and productivity growth. Patents are an important obstacle to knowledge diffusion. We find an inverse U-shaped relationship between patent strength and growth: moderate levels of patent protection can stimulate growth, but strong protection leads to rising market power and slower growth. |
| Keywords: | innovation, imitation, knowledge diffusion, knowledge gap, patents |
| JEL: | O31 O32 O33 O34 |
| Date: | 2023 |
| URL: | http://d.repec.org/n?u=RePEc:ces:ceswps:_10694&r=cse |
| By: | Kshetri, Nir |
| Abstract: | Many industry analysts have argued that the metaverse's true transformative potential is likely to be realized in the industrial context. This paper provides a detailed analysis and description of the industrial metaverse ecosystem in terms of tools, data, and people and the interplay between them. We analyze multiple case studies of eight companies that have incorporated the industrial metaverse in manufacturing, logistics and other activities. The cases include companies in retail as well as non-retail sectors with different levels of implementation of industrial metaverse solutions. The article advances our understanding of how industrial metaverse can contribute to strategic objectives of companies related to cost, quality, delivery responsiveness to the customer, flexibility, innovation and sustainability. |
| Keywords: | artificial intelligence, digital twin, industrial metaverse, Omniverse, sustainability |
| Date: | 2023 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:itse23:277992&r=cse |