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on Economics of Strategic Management |
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Issue of 2024‒03‒25
four papers chosen by João José de Matos Ferreira, Universidade da Beira Interior |
| By: | Ramirez Chaparro, Maria Nathalia; Chacón Mejía, Catalina |
| Abstract: | This research paper examines the role of industrial policies and innovation strategies in Latin America's quest for economic development. Despite the region's potential, persistent challenges such as coordination deficits and limited technology absorption continue to impede progress. Through a review of productivity data and historical perspectives on industrial policies in four Latin American countries, this paper highlights the complexities of state intervention and the importance of strategic alignment with innovation agendas. Additionally, it explores the interplay between industrial policies and innovation strategies, emphasizing the need to nurture indigenous capabilities and promote inclusive innovation. By challenging conventional views on informality in the labor market, this paper advocates for a holistic approach that integrates targeted industrial policies with innovation strategies to drive sustainable growth and inclusive prosperity in Latin America. |
| Keywords: | innovation strategies, structural change, industrial policies, Latinamerica |
| JEL: | O1 O3 O35 |
| Date: | 2024–01 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:120240&r=cse |
| By: | Mitra, Alessio; Di Girolamo, Valentina; Canton, Erik |
| Abstract: | This paper studies the firm-level drivers of product, process, organisation and marketing innovation in the EU with panel data from 2009 to 2021. Employing conditional logit and linear probability models we investigate how firms’ characteristics, firms’ sources of financing, and firm perception of different challenges influence their likelihood to innovate. In line with the academic literature, we find that firms’ size and profit level improve firms’ innovation performance, while firms’ age decreases it. We also observe that the effectiveness of different financing instruments varies considerably depending on whether the company is pursuing product, process, organisation or marketing innovation. Finally, innovative firms more frequently report access to finance and regulations as important challenges for their future, while the relevance of other challenges (e.g. the availability of skilled staff or finding customers) varies depending on what type of innovation activities companies are engaged in. |
| Keywords: | Access to finance, Financing instruments, Innovation challenges, Firm innovation |
| JEL: | G20 G23 O30 |
| Date: | 2023 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:esprep:283909&r=cse |
| By: | Mirella Schrijvers; Jan Jacob Vogelaar |
| Abstract: | High-growth firms are known to contribute extraordinarily to economic growth and job creation, but concerns have been raised about their exclusionary focus on creating shareholder value. This paper adopts a stakeholder capability perspective to investigate social value creation by high-growth firms. Interviews with founders and CEOs of high-growth firms in the Netherlands provide insight into the mechanisms through which these firms create and destroy value for their stakeholders. We find that the rapid growth these firms experience can be a driver of some unique growth-related value creation mechanisms and serves as an amplifier of more general value creation mechanisms. The value creation of high-growth firms is shaped by certain firm attributes. This results in a typology of high-growth firms from a stakeholder value perspective, indicating three types: profit-driven high-growth firms, conscious high-growth firms, and mission-driven high-growth firms. While rapid growth presents firms with unique challenges and trade-offs between stakeholders, we argue that, if directed well, it also creates opportunities to substantially increase their social value creation. The heterogeneity of high-growth firms with respect to stakeholder value creation raises the question whether targeting high-growth firms in general is good entrepreneurship policy. |
| Keywords: | High-growth firms, Value creation, Stakeholder capabilities |
| Date: | 2023–08 |
| URL: | http://d.repec.org/n?u=RePEc:use:tkiwps:2307&r=cse |
| By: | Kevin Randy Chemo Dzukou (SMART - Structures et Marché Agricoles, Ressources et Territoires - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement - Institut Agro Rennes Angers - Institut Agro - Institut national d'enseignement supérieur pour l'agriculture, l'alimentation et l'environnement); Sabine Duvaleix (SMART - Structures et Marché Agricoles, Ressources et Territoires - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement - Institut Agro Rennes Angers - Institut Agro - Institut national d'enseignement supérieur pour l'agriculture, l'alimentation et l'environnement); Karine Latouche (SMART - Structures et Marché Agricoles, Ressources et Territoires - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement - Institut Agro Rennes Angers - Institut Agro - Institut national d'enseignement supérieur pour l'agriculture, l'alimentation et l'environnement) |
| Abstract: | This paper analyses the relationship between innovation and export performance. More specifically, we highlight the effect of the introduction of new products on the quality and prices charged by firms in international markets. Based on Hallak and Sivadasan (2013)'s theoretical work, we develop a model to explain the mechanism underlying the relationship between innovation and product quality. Using a unique database of new product launches combined with data on production and trade in the French dairy industry, we tested this mechanism in several ways. Our results show that the export prices charged by the firms increase after the introduction of a new product in a given market. We also show that the projected quality of the new product increases after its introduction in a given market. This confirms the quality-upgrading effect of innovation at product level. These results are highly robust econometrically. |
| Keywords: | New product introduction, Export prices, Quality upgrading, Quality differentiation |
| Date: | 2023–05–26 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-04452985&r=cse |