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on Economics of Strategic Management |
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Issue of 2024–12–30
five papers chosen by João José de Matos Ferreira, Universidade da Beira Interior |
| By: | Colin Wessendorf |
| Abstract: | Key enabling technologies (KETs) have gained attention in science and policy due to their multidisciplinary nature and their ability to link distant knowledge fields, endowing them with a central role in recombinant innovation processes. However, it remains under-researched whether KETs generally have a higher influence on innovation processes than non-KETs. This study addresses the question by using propensity score matching and regression analysis. First, a balanced dataset is created through matching KET patents to non-KET patents that stem from a comparable context. Subsequently, it is analyzed whether KET patents are associated with higher forward citation frequencies than non-KETs. The results show that KETs receive more citations on average, but it appears that this effect is driven by a few very impactful patents. The results further show that not all KETs exert a measurable impact on forward citations and highlight the heterogeneities between the individual KETs. These findings call for a more critical assessment of the KET concept and for nuanced approaches in research and policy. |
| Keywords: | Key enabling technologies, general purpose technologies, recombinant novelty, technological impact, patent citations, propensity score matching |
| JEL: | O30 O31 O33 C21 |
| Date: | 2024–12 |
| URL: | https://d.repec.org/n?u=RePEc:atv:wpaper:2403 |
| By: | Jean-Michel Benkert, Igor Letina |
| Abstract: | We provide a model of investment in innovation that is dynamic, features multiple heterogeneous research projects of which only one potentially leads to success, and in each period, the researcher chooses the set of projects to invest in. We show that if a search for innovation starts, it optimally does not end until the innovation is found—which will be never with a strictly positive probability. |
| Keywords: | Innovation, Optimal Search, Infinite Horizon |
| JEL: | D83 O31 |
| Date: | 2024–12 |
| URL: | https://d.repec.org/n?u=RePEc:ube:dpvwib:dp2410 |
| By: | Armin Schmutzler |
| Abstract: | By affecting prices and thereby market shares of green and brown firms, product innovations and process innovations influence industry emissions even when they do not directly affect the emission intensity of the innovating firm. Using a differentiated two-stage duopoly, this paper therefore analyzes the effects of environmental policy on such innovations, and it asks how these effects differ from each other and from those of environmental innovations that directly reduce the emission intensity. The paper investigates the determinants of R&D investments, showing in particular that incentives for certain types of potentially beneficial innovations may be negative. Moreover, it analyzes how suitable policies can foster green innovation. |
| Keywords: | Innovation, environmental policy, imperfect competition |
| JEL: | Q55 L13 |
| Date: | 2024–12 |
| URL: | https://d.repec.org/n?u=RePEc:zur:econwp:462 |
| By: | Ali-Yrkkö, Jyrki; Kauhanen, Antti |
| Abstract: | Abstract This study examines the impact of foreign acquisitions on innovation activities in Finnish target firms using comprehensive linked employer-employee data from 2010–2021. Unlike previous research that found negative effects on R&D expenditures and patenting, we measure innovation through the share of R&D personnel in total employment. Our main finding is that foreign acquisitions have a statistically insignificant and economically small impact on the share of R&D employees in target firms. Three years post-acquisition, the point estimate shows a 0.9 percentage point increase in R&D employee share, and we can rule out increases over 2 percentage points and decreases below 0.09 percentage points. This null effect persists across different firm sizes and industries. Our results suggest that con-cerns about foreign acquisitions substantially reducing domestic R&D activity may be overstated, at least when measured by R&D employment. |
| Keywords: | Acquisition, M&A, Research, Development, R&D, Innovation, Impact |
| JEL: | O3 L6 L64 |
| Date: | 2024–11–27 |
| URL: | https://d.repec.org/n?u=RePEc:rif:wpaper:122 |
| By: | FABIANI Josefina (European Commission - JRC); SOGUERO ESCUER Jorge (European Commission - JRC); CALZA Elisa (European Commission - JRC); DUNKER Cesare; DE PRATO Giuditta (European Commission - JRC) |
| Abstract: | This policy brief examines the role of Advanced Manufacturing (AM) in bolstering Europe's competitiveness. It discusses the application of the Digital Techno-Economic ecoSystem (DGTES) methodology to the study of the AM industry, responding to a call for a more systematic approach and a novel methodology to define, identify and study the AM industry. The brief provides fresh insights into the AM global landscape, comparing the EU's performance with major players like China and the US, and explores the industry's structure through the lens of industrial ecosystems. Concluding that AM is essential for the EU's industrial competitiveness, the brief recommends the implementation of targeted policies, strategic investments, and international collaboration to foster AM technology diffusion and adoption, enhancing the EU's position in the AM global industry. |
| Date: | 2024–09 |
| URL: | https://d.repec.org/n?u=RePEc:ipt:iptwpa:jrc139068 |