The research article presents the highly innovative theoretical research results: 1) the new quantum microeconomics theory in the quantum econophysics science is formulated; the idea on the existence of the discrete-time induced quantum transitions of firm’s earnings (the firm’s value) in the quantum microeconomics theory in the quantum econophysics science is proposed; 2) the formulas (1, 2) to compute the firm’s discrete-time EBITDA (the firm’s value) changes at the different time moments in the quantum microeconomics theory in the quantum econophysics science is derived; 3) the formulas (3, 4) to calculate the distribution of a number of the firms’ excited business processes of certain value at the selected firm’s state in the economy of scale and scope in terms of the quantum microeconomics theory in the quantum econophysics science is presented; 4) the notion on the wave function in the quantum microeconomics theories in the quantum econophysics science is introduced; 5) the formulas (5, 6) to predict the firm’s discrete-time EBITDA (the firm’s value) state changes in the national/global economies at the certain time moment, using the wave functions in the quantum econophysical time-dependent/time independent wave equations in the quantum microeconomic theory in the quantum econophysics science, are derived; 6) the evolutionary shifts from the classic economic theories to the quantum economic theories, from the analogue economic signal processing to the digital economic signal processing, from the continuous-time signal filtering economic prediction techniques to the wave functions computing economic prediction techniques in application to the quantum econophysics science are described; 7) the perspectives of application of the quantum microeconomics theory in the quantum econophysics science with the aim to solve the various economic problems in the real- and speculative- sectors of economic markets are discussed.
{"title":"Quantum Microeconomics Theory","authors":"D. Ledenyov, Viktor O. Ledenyov","doi":"10.2139/ssrn.2667016","DOIUrl":"https://doi.org/10.2139/ssrn.2667016","url":null,"abstract":"The research article presents the highly innovative theoretical research results: 1) the new quantum microeconomics theory in the quantum econophysics science is formulated; the idea on the existence of the discrete-time induced quantum transitions of firm’s earnings (the firm’s value) in the quantum microeconomics theory in the quantum econophysics science is proposed; 2) the formulas (1, 2) to compute the firm’s discrete-time EBITDA (the firm’s value) changes at the different time moments in the quantum microeconomics theory in the quantum econophysics science is derived; 3) the formulas (3, 4) to calculate the distribution of a number of the firms’ excited business processes of certain value at the selected firm’s state in the economy of scale and scope in terms of the quantum microeconomics theory in the quantum econophysics science is presented; 4) the notion on the wave function in the quantum microeconomics theories in the quantum econophysics science is introduced; 5) the formulas (5, 6) to predict the firm’s discrete-time EBITDA (the firm’s value) state changes in the national/global economies at the certain time moment, using the wave functions in the quantum econophysical time-dependent/time independent wave equations in the quantum microeconomic theory in the quantum econophysics science, are derived; 6) the evolutionary shifts from the classic economic theories to the quantum economic theories, from the analogue economic signal processing to the digital economic signal processing, from the continuous-time signal filtering economic prediction techniques to the wave functions computing economic prediction techniques in application to the quantum econophysics science are described; 7) the perspectives of application of the quantum microeconomics theory in the quantum econophysics science with the aim to solve the various economic problems in the real- and speculative- sectors of economic markets are discussed.","PeriodicalId":11062,"journal":{"name":"Development of Innovation eJournal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2015-09-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83323198","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Due to frictions like informational externalities, firms invest too little in learning the productivity of newly available technologies through small-scale experimentation. I study the effect of investor sentiment on the relation between technological innovation and future firm-level R&D expenses, which include the resources used for small-scale experimentation. I find that rapidly improving investor sentiment strengthens the effect of technological innovation on one-year-ahead R&D expenses, and that the effect is more pronounced for high-tech firms with tighter financing constraints. The results are not driven by sentiment proxying for technological innovation or by sentiment and R&D expenses being jointly determined. The evidence is consistent with the hypothesis that sentiment counteracts frictions in the process of technology diffusion.
{"title":"Innovation, Investor Sentiment, and Firm-Level Experimentation","authors":"Sirio Aramonte","doi":"10.2139/ssrn.2653820","DOIUrl":"https://doi.org/10.2139/ssrn.2653820","url":null,"abstract":"Due to frictions like informational externalities, firms invest too little in learning the productivity of newly available technologies through small-scale experimentation. I study the effect of investor sentiment on the relation between technological innovation and future firm-level R&D expenses, which include the resources used for small-scale experimentation. I find that rapidly improving investor sentiment strengthens the effect of technological innovation on one-year-ahead R&D expenses, and that the effect is more pronounced for high-tech firms with tighter financing constraints. The results are not driven by sentiment proxying for technological innovation or by sentiment and R&D expenses being jointly determined. The evidence is consistent with the hypothesis that sentiment counteracts frictions in the process of technology diffusion.","PeriodicalId":11062,"journal":{"name":"Development of Innovation eJournal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2015-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83393243","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2015-08-08DOI: 10.1504/ijtm.2015.071030
Thierry Rayna, L. Striukova
Web 2.0 has considerably increased the possibilities of user involvement in the production process and, thereby, has given rise to new forms of co-creation (Open Innovation with customers). Because the roles of consumers, now 'prosumers,' have radically changed, specific challenges have emerged. The aim of this article is to provide possible routes to address such challenges. To do so, an input-output typology of co-creation is created. This typology is then used to discuss the main challenges of co-creation: incentives, risks and costs, IPRs.
Web 2.0大大增加了用户参与生产过程的可能性，从而产生了新的共同创造形式(与客户的开放式创新)。由于消费者的角色，现在的“产消者”已经发生了根本性的变化，具体的挑战也出现了。本文的目的是提供解决这些挑战的可能途径。为此，创建了一个共同创造的输入-输出类型。然后使用这种类型来讨论共同创造的主要挑战:激励、风险和成本、知识产权。
{"title":"Open Innovation 2.0: Is Co-Creation the Ultimate Challenge?","authors":"Thierry Rayna, L. Striukova","doi":"10.1504/ijtm.2015.071030","DOIUrl":"https://doi.org/10.1504/ijtm.2015.071030","url":null,"abstract":"Web 2.0 has considerably increased the possibilities of user involvement in the production process and, thereby, has given rise to new forms of co-creation (Open Innovation with customers). Because the roles of consumers, now 'prosumers,' have radically changed, specific challenges have emerged. The aim of this article is to provide possible routes to address such challenges. To do so, an input-output typology of co-creation is created. This typology is then used to discuss the main challenges of co-creation: incentives, risks and costs, IPRs.","PeriodicalId":11062,"journal":{"name":"Development of Innovation eJournal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2015-08-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80096559","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
As the business market environment continues to shift and long-term stability is not easily attainable with the constant market disruptions and emerging regions. In order to compete on this platform, organizations must maintain flexibility within their business models and strategies to effectively capitalize or respond to market disruptions.
{"title":"Disruptive Innovation:A Catalyst for Change in Business and Market Modeling","authors":"Aeron Zentner","doi":"10.2139/ssrn.2522812","DOIUrl":"https://doi.org/10.2139/ssrn.2522812","url":null,"abstract":"As the business market environment continues to shift and long-term stability is not easily attainable with the constant market disruptions and emerging regions. In order to compete on this platform, organizations must maintain flexibility within their business models and strategies to effectively capitalize or respond to market disruptions.","PeriodicalId":11062,"journal":{"name":"Development of Innovation eJournal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2015-07-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90956834","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
A decade after their introduction, approximately three-quarters of a million European Registered Community Designs (RCDs) have been filed, and recent court cases suggest firms regard these as impor...
{"title":"Protecting Aesthetic Innovations? An Exploration of the Use of Registered Community Designs","authors":"Rainer Filitz, J. Henkel, B. Tether","doi":"10.2139/ssrn.2617981","DOIUrl":"https://doi.org/10.2139/ssrn.2617981","url":null,"abstract":"A decade after their introduction, approximately three-quarters of a million European Registered Community Designs (RCDs) have been filed, and recent court cases suggest firms regard these as impor...","PeriodicalId":11062,"journal":{"name":"Development of Innovation eJournal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2015-06-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83083769","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
They comprise objects that have functionality, an intermediate stage between a concept and its operation.The functional object allows the intermediating of the value addition, so that it can be later used to develop the operational added value. Functional objects are often interfaces with other objects, links between objects or “analyzers�? of objects and comply with all the functions that link the implicit concept in the objects and its operation. The maximal strategy of functional objects is defined by the implicit operational system to generate value within an environment of controlled quality. This implies that functional objects, besides providing an integration of other objects and processes, have an operation in themselves. The operation is given by the synergy they produce when integrating processes and objects. The minimum strategy is defined by the possibility of installing a control system that includes the necessary automatisms to avoid risks. The minimum strategy of functional objects needs to have alarm systems, redundancies and alternative plans in order to ensure that the risks are avoided.
{"title":"Functional Objects as Complex Adaptive Systems","authors":"Peter Belohlavek","doi":"10.2139/ssrn.2604261","DOIUrl":"https://doi.org/10.2139/ssrn.2604261","url":null,"abstract":"They comprise objects that have functionality, an intermediate stage between a concept and its operation.The functional object allows the intermediating of the value addition, so that it can be later used to develop the operational added value. Functional objects are often interfaces with other objects, links between objects or “analyzers�? of objects and comply with all the functions that link the implicit concept in the objects and its operation. The maximal strategy of functional objects is defined by the implicit operational system to generate value within an environment of controlled quality. This implies that functional objects, besides providing an integration of other objects and processes, have an operation in themselves. The operation is given by the synergy they produce when integrating processes and objects. The minimum strategy is defined by the possibility of installing a control system that includes the necessary automatisms to avoid risks. The minimum strategy of functional objects needs to have alarm systems, redundancies and alternative plans in order to ensure that the risks are avoided.","PeriodicalId":11062,"journal":{"name":"Development of Innovation eJournal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2015-05-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73293940","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
It can be observed that many R&D performing firms produce scientific knowledge and discloseresearch outcomes in scientific journals. At the micro-level, prior work identified several potentialbenefits of such a strategy like superior access to informal information networks or the opportunity ofrecruiting the best PhD graduates. However, scientific research is costly and subject to considerableuncertainty with respect to the outcomes, and the disclosure may lead to spillover effects that decreasethe ability of firms to generate returns of their R&D investments. Overall, it remains unclear if andunder what conditions science-oriented strategies are beneficial for firms. We address this gap andexamine the impact of scientific activities on the firm’s market value using accounting data for USfirms from Compustat and matched patent and scientific publication data. We find evidence for apositive impact of scientific publication stocks on the firm value beyond the effects of R&D, patentstocks and patent quality.
{"title":"Corporate Science, Innovation and Firm Value","authors":"Markus Simeth, Michele Cincera","doi":"10.2139/ssrn.2317166","DOIUrl":"https://doi.org/10.2139/ssrn.2317166","url":null,"abstract":"It can be observed that many R&D performing firms produce scientific knowledge and discloseresearch outcomes in scientific journals. At the micro-level, prior work identified several potentialbenefits of such a strategy like superior access to informal information networks or the opportunity ofrecruiting the best PhD graduates. However, scientific research is costly and subject to considerableuncertainty with respect to the outcomes, and the disclosure may lead to spillover effects that decreasethe ability of firms to generate returns of their R&D investments. Overall, it remains unclear if andunder what conditions science-oriented strategies are beneficial for firms. We address this gap andexamine the impact of scientific activities on the firm’s market value using accounting data for USfirms from Compustat and matched patent and scientific publication data. We find evidence for apositive impact of scientific publication stocks on the firm value beyond the effects of R&D, patentstocks and patent quality.","PeriodicalId":11062,"journal":{"name":"Development of Innovation eJournal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2015-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72810352","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
We analyze cross-country trends in several aspects of technological progress over the period of 1980-2011 by examining citations data from almost 4 million utility patents granted by the US Patent and Trademark Office (USPTO). Our estimation results on patent quality and citation lags relative to the US reveal the following observations. The emerging Asian economies of Korea, Taiwan and China have achieved substantial catch-up. In the case of Korea and Taiwan, progress has been made in terms of patent quality as well as citation lags. Chinese patents are of higher quality now than before but Chinese inventors have yet to reduce the citation lag relative to the frontier. In contrast, advanced economies of Europe and Japan have displayed steady decline in their patent quality. Finally, the US has strengthened its position in the international patent quality ladder.
{"title":"International Trends in Technological Progress: Evidence from Patent Citations, 1980-2011","authors":"S. Kwon, Jihong Lee, S. Lee","doi":"10.2139/ssrn.2597694","DOIUrl":"https://doi.org/10.2139/ssrn.2597694","url":null,"abstract":"We analyze cross-country trends in several aspects of technological progress over the period of 1980-2011 by examining citations data from almost 4 million utility patents granted by the US Patent and Trademark Office (USPTO). Our estimation results on patent quality and citation lags relative to the US reveal the following observations. The emerging Asian economies of Korea, Taiwan and China have achieved substantial catch-up. In the case of Korea and Taiwan, progress has been made in terms of patent quality as well as citation lags. Chinese patents are of higher quality now than before but Chinese inventors have yet to reduce the citation lag relative to the frontier. In contrast, advanced economies of Europe and Japan have displayed steady decline in their patent quality. Finally, the US has strengthened its position in the international patent quality ladder.","PeriodicalId":11062,"journal":{"name":"Development of Innovation eJournal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2015-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76220687","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This research paper talks about ONLINE SHOPPING. In this era where companies compete to grab and retain customers more efficiently than their competitors, online shopping came up as the ultimate solution which increase sales as well as profits of the companies by supplementing the bricks-and-mortar shopping model. Before starting, proper literature review was done of past studies on the factors influencing consumers while shopping online, to understand what exactly online shopping is and what are perceptions of consumer regarding online shopping.This paper was reviewed and explained with the help of Secondary data available through various journals, magazines, previous research papers and other useful internet material. Paper presents and attempts to study the concept of online shopping, various factors impacting decisions of consumer while shopping online like online shopping features, demographic factors, personality traits, situational factors, type of product or service under consideration and convenience, by giving the advantages and disadvantages of online shopping.
{"title":"Online Shopping: Interplay of Influencing Factors, Risks & Benefits","authors":"Sarita , Devi, P. Saini","doi":"10.2139/ssrn.2698528","DOIUrl":"https://doi.org/10.2139/ssrn.2698528","url":null,"abstract":"This research paper talks about ONLINE SHOPPING. In this era where companies compete to grab and retain customers more efficiently than their competitors, online shopping came up as the ultimate solution which increase sales as well as profits of the companies by supplementing the bricks-and-mortar shopping model. Before starting, proper literature review was done of past studies on the factors influencing consumers while shopping online, to understand what exactly online shopping is and what are perceptions of consumer regarding online shopping.This paper was reviewed and explained with the help of Secondary data available through various journals, magazines, previous research papers and other useful internet material. Paper presents and attempts to study the concept of online shopping, various factors impacting decisions of consumer while shopping online like online shopping features, demographic factors, personality traits, situational factors, type of product or service under consideration and convenience, by giving the advantages and disadvantages of online shopping.","PeriodicalId":11062,"journal":{"name":"Development of Innovation eJournal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2015-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85204905","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2015-01-31DOI: 10.1504/ijesb.2021.10034366
Jung-hee Han, A. Heshmati
This paper analyzes the patent propensity as an outcome of innovative activities of regional SMEs. To achieve the aims, we apply robust regression analysis to estimate the models to test 5 research hypotheses using 263 firm level data located at Gwangju region in Korea. Our empirical results show that a firm's industry characteristics, such as machinery and automotive parts industry, is negatively related with propensity to patent innovation. Also, unlike expectations, the InnoBiz firms designated as innovative SMEs by the government are not performing differently than general firms. Only the CEO's academic credentials are positively related with propensity to patent. From the findings, we can conclude that patenting propensity is not directly related with a firm's characteristics but mainly to CEO's managerial strategy. Also, we cannot find evidence for policy effectiveness from public support given to InnoBiz firms as part of the state policy to nurture photonic industry to boost regional economic development. Given the lack of strong policy effects, a new industry policy should be considered to actively promote SMEs innovativeness.
{"title":"Innovation and Smes Patent Propensity in Korea","authors":"Jung-hee Han, A. Heshmati","doi":"10.1504/ijesb.2021.10034366","DOIUrl":"https://doi.org/10.1504/ijesb.2021.10034366","url":null,"abstract":"This paper analyzes the patent propensity as an outcome of innovative activities of regional SMEs. To achieve the aims, we apply robust regression analysis to estimate the models to test 5 research hypotheses using 263 firm level data located at Gwangju region in Korea. Our empirical results show that a firm's industry characteristics, such as machinery and automotive parts industry, is negatively related with propensity to patent innovation. Also, unlike expectations, the InnoBiz firms designated as innovative SMEs by the government are not performing differently than general firms. Only the CEO's academic credentials are positively related with propensity to patent. From the findings, we can conclude that patenting propensity is not directly related with a firm's characteristics but mainly to CEO's managerial strategy. Also, we cannot find evidence for policy effectiveness from public support given to InnoBiz firms as part of the state policy to nurture photonic industry to boost regional economic development. Given the lack of strong policy effects, a new industry policy should be considered to actively promote SMEs innovativeness.","PeriodicalId":11062,"journal":{"name":"Development of Innovation eJournal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2015-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85080767","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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