nep-sbm New Economics Papers
on Small Business Management
Issue of 2011‒04‒30
ten papers chosen by
Joao Carlos Correia Leitao
University of Beira Interior and Technical University of Lisbon

  1. Gender differences in business success of German start-up firms By Gottschalk, Sandra; Niefert, Michaela
  2. The innovative performance of China's national innovation system By Boeing, Philipp; Sandner, Philipp
  3. Taxation, R&D tax incentives and patent application in Europe By Ernst, Christof; Spengel, Christoph
  4. The territorial shaping of knowledge dynamics in Baden-Württemberg - Inter-organizational relations in the sectoral knowledge domain of the automotive industry By Simone Strambach; Iris Dieterich
  5. The effect of microaggregation on regression results: an application to Spanish innovation data By López, Alberto
  6. Entrepreneurship, SMEs and Local Development in Andalusia, Spain By Marco Marchese; Jonathan Potter
  7. Labor Mobility, Social Network Effects, and Innovative Activity By Kaiser, Ulrich; Kongsted, Hans Christian; Rønde, Thomas
  8. Compensation Structure and the Creation of Exploratory Knowledge in Technology Firms By Cui, Victor; Ding, Waverly W.; Yanadori, Yoshio
  9. Patents and the financial performance of firms - An analysis based on stock market data By Neuhäusler, Peter; Frietsch, Rainer; Schubert, Torben; Blind, Knut
  10. The role of the regulatory framework for innovation activities: The EU ETS and the German paper industry By Rogge, Karoline S.; Schleich, Joachim; Haussmann, Philipp; Roser, Annette; Reitze, Felix

  1. By: Gottschalk, Sandra; Niefert, Michaela
    Abstract: --
    Keywords: start-ups,performance,gender,female entrepreneurship
    JEL: L25 L26 J16
    Date: 2011
    URL: http://d.repec.org/n?u=RePEc:zbw:zewdip:11019&r=sbm
  2. By: Boeing, Philipp; Sandner, Philipp
    Abstract: The objective of this paper is to investigate the innovative performance of China's NIS in international comparison and the capacity of China's NIS in creating indigenous innovation. We provide insights drawing upon patent data and using patent families to determine the value of the underlying invention. For the timeframe we studied, China's comparative advantage exists in the creation of low value innovative performance, albeit increasingly in huge quantities. Constantly rising volumes of patent applications mirror both, the improved protection of intellectual property rights and increasing capacity for inventiveness. Supplemented by the continuous growth of the Chinese economy, improving conditions are reflected and reinforced by more R&D-intense FDI. Foreign firms' innovative performance associated with higher economic value is particularly strong. --
    Keywords: National Innovation System,Innovative Performance,China,Patents,Innovation Policy
    JEL: O53 O47 O34 P27
    Date: 2011
    URL: http://d.repec.org/n?u=RePEc:zbw:fsfmwp:158&r=sbm
  3. By: Ernst, Christof; Spengel, Christoph
    Abstract: The focus of this paper is on effects from tax incentives for research and development inputs (R&D) and corporate income tax on business R&D and patenting behaviour. First, we provide a theoretical discussion of tax planning with R&D and intellectual property (IP) ownership. Further, we employ firm-specific micro-data on patent applications of European corporations at the European Patent Office to test reactions on changes in R&D tax incentives and corporate tax burden. We find a positive impact of R&D tax incentives and a negative impact of the statutory corporate income tax rate on patenting. R&D incentives rather influence the tendency to invest in R&D, whereas the tax burden rather influences the scale of R&D investment and the count of patent applications. --
    Keywords: Patent,R&D,Tax Incentives,Taxation,EU
    JEL: H25 H26 O30
    Date: 2011
    URL: http://d.repec.org/n?u=RePEc:zbw:zewdip:11024&r=sbm
  4. By: Simone Strambach (Department of Geography, Philipps University Marburg); Iris Dieterich (Department of Geography, Philipps University Marburg)
    Abstract: The paper focuses on the territorial shaping of knowledge dynamics as one of the driving forces for innovation. Knowledge dynamics are unfolding from processes of creation, use, transformation and diffusion of knowledge. Due to both the ongoing restructuring of global value chains and the changes in the organization of innovation ‘combinatorial knowledge dynamics’ gain a more prominent role in innovation. Firms are facing an increasing need to combine heterogeneous knowledge sources spread over organizational, technological, sectoral and spatial boundaries in innovation processes. Combinatorial knowledge dynamics imply to cope with many different cognitive, technological, intra- and inter-organizational and institutional interfaces. Deeper empirical investigation in the connected organizational and institutional change linked with knowledge dynamics is still missing, but is indeed necessary to better understand the spatio-temporality of knowledge dynamics behind innovation. Addressing the connection of space as a scope of action and space as being generated as a part of the social process, the paper chose a biographical method to explore knowledge dynamics.
    Keywords: Innovation, territorial knowledge dynamics, automotive industry, Baden-Württemberg
    JEL: D83 L62 O32
    Date: 2011–04
    URL: http://d.repec.org/n?u=RePEc:pum:wpaper:2011-01&r=sbm
  5. By: López, Alberto
    Abstract: Microaggregation is a technique for masking confidential data by aggregation. The aim of this paper is to analyze the extent to which microaggregated data can be used for rigorous empirical research. In doing this, I adopt an empirical perspective. I use data from the Technological Innovation Panel (PITEC) and compare regression results using both original and anonymized data. PITEC is a new firm-level panel data base for innovative activities of Spanish firms based on CIS data. I find that the microaggregation procedure used has a slight effect on the coefficient estimates and their estimated standard errors, especially when estimating linear models.
    Keywords: Microaggregation; Individual ranking; Bias; Innovation data
    JEL: O30 C80
    Date: 2011–01
    URL: http://d.repec.org/n?u=RePEc:pra:mprapa:30403&r=sbm
  6. By: Marco Marchese; Jonathan Potter
    Abstract: Andalusia has experienced remarkable growth over the last decades, only halted by the recent economic crisis. The challenge today is to renew with the "prodigious decade" (mid 1990s-mid 2000s) of Andalusia’s development, which will require endogenous development through entrepreneurship and SME growth. This report analyses Andalusia’s capacity to support entrepreneurship and SME development and how such capacity is affected by local policies. It also identifies the challenges faced by new and small firms in growing; analyses the set of local policies for entrepreneurship and SMEs; detects policy gaps; and provides recommendations to fill such gaps and improve current policies. Best practices from other OECD countries corroborate the recommendations and complement the report.
    Date: 2011–04
    URL: http://d.repec.org/n?u=RePEc:oec:cfeaaa:2011/3-en&r=sbm
  7. By: Kaiser, Ulrich (University of Zurich); Kongsted, Hans Christian (University of Copenhagen); Rønde, Thomas (Copenhagen Business School)
    Abstract: We study the mapping between labor mobility and industrial innovative activity for the population of R&D active Danish firms observed between 1999 and 2004. Our study documents a positive relationship between the number of workers who join a firm and the firm's innovative activity. This relationship is stronger if workers join from innovative firms. We also find evidence for positive feedback from workers who leave for an innovative firm, presumably because the worker who left stays in contact with their former colleagues. This implies that the positive feedback ("social network effects") that has been found by other studies not only exists but even outweighs the disruption and loss of knowledge occurring to the previous employer from the worker leaving. Summing up the effects of joining and leaving workers, we find ample evidence for mobility to be associated with an increase in total innovative activity of the new and the old employer.
    Keywords: labor mobility, innovation, social network
    JEL: O33 O34 C23
    Date: 2011–04
    URL: http://d.repec.org/n?u=RePEc:iza:izadps:dp5654&r=sbm
  8. By: Cui, Victor; Ding, Waverly W.; Yanadori, Yoshio
    Abstract: Given the importance of exploration in a firm’s overall innovation program, scholarshave sought to understand organizational factors that give rise to exploration-oriented innovations. We propose theory and empirical evidence that relates firms’ use of financial incentives to their exploratory innovation performance. We expect that a larger proportion of long-term incentives in R&D employee compensation should be positively associated with the creation of exploratory innovation in a firm. In addition, we propose that a higher level of horizontal pay dispersion is negatively associated with the creation of exploratory innovation. We examine innovations reflected in the patents of a unique six-year, unbalanced panel dataset of 94 high-technology firms in the U.S. Empirical results confirm that firms with high level of horizontal pay dispersion have less exploratory patent innovations. However, surprisingly, firms that pay their R&D employees a higher proportion of long-term financial incentives in total compensation have lower level of exploratory innovation. This implies the possibility that popular longterm incentive plans in high-technology sectors (e.g., stock option plans) have failed to achieve their intended goals in practice. We discuss factors that might moderate the negative impact of long-term incentives on exploratory innovation.
    Keywords: Organizational Behavior and Theory
    Date: 2011–02–01
    URL: http://d.repec.org/n?u=RePEc:cdl:indrel:1911035&r=sbm
  9. By: Neuhäusler, Peter; Frietsch, Rainer; Schubert, Torben; Blind, Knut
    Abstract: The following article systematically analyzes the question of how the results of R&D and its protection - or so to say, the technology base of a firm - can influence its market value and profits. Based on theoretical arguments it is hypothesized that large and highly valuable patent portfolios of firms have significant effects on their competitiveness in the long run. For the empirical testing a panel dataset including 479 firms from 1990 to 2007 based on the DTI-Scoreboard is used, which contains data on R&D expenditures, market capitalization, turnover etc. and structural information like firm-size and industry sector. To this database the relevant information on patenting behavior and financial performance are added, so effects of firm characteristics can be calculated. To assess the value of a firm's patent portfolio, different value measures like the number of received patent citations, opposed patents, number of inventors etc. are being applied. The results suggest that at least at the firm level, especially forward citations and family size positively influence market value. Concerning the Return on Investment, especially oppositions and family size show positive effects. This leads to the conclusion that securing international markets has a positive effect on the value of the firm in the home market. --
    Date: 2011
    URL: http://d.repec.org/n?u=RePEc:zbw:fisidp:28&r=sbm
  10. By: Rogge, Karoline S.; Schleich, Joachim; Haussmann, Philipp; Roser, Annette; Reitze, Felix
    Abstract: Based on a research framework which combines environmental economics and innovation studies, we explore the relevance of the regulatory framework for innovation activities in the German paper industry, with a focus on climate poli-cies. Innovation activities considered include research and development, adop-tion and organizational change. Empirically, we mainly rely on the survey data of paper producers and technology providers. Findings suggest that innovation activities are mainly governed by market factors and (as yet) are hardly affected by the European Emission Trading System and other climate policies. Also, the impact of these policies on innovation activities is lower for technology providers than for paper producers. However, the majority of companies expect the ef-fects of the regulatory climate policy framework on innovation to increase by 2020. --
    Date: 2011
    URL: http://d.repec.org/n?u=RePEc:zbw:fisisi:s12011&r=sbm

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