Pub Date : 2023-08-05DOI: 10.1080/13662716.2023.2243235
Gary Chapman, Hanna Hottenrott
Start-up subsidies play an important role in supporting start-up innovation and performance. However, what characteristics help and hinder start-ups to seek public subsidies remains unclear. We study whether and how founder personality links to entrepreneurs’ seeking of start-up subsidies. We argue that greater founders’ openness, extraversion, and entrepreneurial orientation enhance seeking of start-up subsidies, while greater founders’ agreeableness, conscientiousness, and neuroticism inhibit it. Additionally, we argue that entrepreneurial orientation plays a mediating role in the relationship between big five personality traits and start-up subsidies. We find evidence for a positive role of founder entrepreneurial orientation. While we find little evidence for a direct association between founders’ big five personality and subsidies, we document an indirect link through entrepreneurial orientation. We also show that personality is not associated with bank financing and borrowing from family and friends while the patterns for venture capital financing are similar to those for subsidies.
{"title":"Founder Personality and Start-up Subsidies","authors":"Gary Chapman, Hanna Hottenrott","doi":"10.1080/13662716.2023.2243235","DOIUrl":"https://doi.org/10.1080/13662716.2023.2243235","url":null,"abstract":"Start-up subsidies play an important role in supporting start-up innovation and performance. However, what characteristics help and hinder start-ups to seek public subsidies remains unclear. We study whether and how founder personality links to entrepreneurs’ seeking of start-up subsidies. We argue that greater founders’ openness, extraversion, and entrepreneurial orientation enhance seeking of start-up subsidies, while greater founders’ agreeableness, conscientiousness, and neuroticism inhibit it. Additionally, we argue that entrepreneurial orientation plays a mediating role in the relationship between big five personality traits and start-up subsidies. We find evidence for a positive role of founder entrepreneurial orientation. While we find little evidence for a direct association between founders’ big five personality and subsidies, we document an indirect link through entrepreneurial orientation. We also show that personality is not associated with bank financing and borrowing from family and friends while the patterns for venture capital financing are similar to those for subsidies.","PeriodicalId":13585,"journal":{"name":"Industry and Innovation","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136082713","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-07-26DOI: 10.1080/13662716.2023.2236565
Mercedes Teruel, Sofia Amaral-Garcia, Peter Bauer, Alex Coad, C. Domnick, P. Harasztosi, Rozália Pál
ABSTRACT The impact of crises on firm performance has been studied widely. This paper explores the relationship between firms’ reaction to COVID-19 (in employment) and the adoption of digital technologies, taking into account their productivity, digitalisation level and high-growth episodes before the crisis. We match the EIB Group Survey of Investment and Investment Finance with ORBIS database for 27 EU Member States and the United Kingdom. We find that firms with higher productivity levels are less prone to decrease the number of employees in the short and long term due to the pandemic. High-growth enterprises are less likely to expect a reduction in the number of employees in the long term. Moreover, firms in highly digitalised sectors have a lower probability to reduce the number of employees. Finally, our results suggest that COVID-19 leads firms to increase their use of digital technologies, especially those that were already more digitalised.
{"title":"Productivity and HGEs: resilience and recovery from the COVID-19 pandemic","authors":"Mercedes Teruel, Sofia Amaral-Garcia, Peter Bauer, Alex Coad, C. Domnick, P. Harasztosi, Rozália Pál","doi":"10.1080/13662716.2023.2236565","DOIUrl":"https://doi.org/10.1080/13662716.2023.2236565","url":null,"abstract":"ABSTRACT The impact of crises on firm performance has been studied widely. This paper explores the relationship between firms’ reaction to COVID-19 (in employment) and the adoption of digital technologies, taking into account their productivity, digitalisation level and high-growth episodes before the crisis. We match the EIB Group Survey of Investment and Investment Finance with ORBIS database for 27 EU Member States and the United Kingdom. We find that firms with higher productivity levels are less prone to decrease the number of employees in the short and long term due to the pandemic. High-growth enterprises are less likely to expect a reduction in the number of employees in the long term. Moreover, firms in highly digitalised sectors have a lower probability to reduce the number of employees. Finally, our results suggest that COVID-19 leads firms to increase their use of digital technologies, especially those that were already more digitalised.","PeriodicalId":13585,"journal":{"name":"Industry and Innovation","volume":"30 1","pages":"895 - 918"},"PeriodicalIF":3.9,"publicationDate":"2023-07-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45525346","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-07-18DOI: 10.1080/13662716.2023.2236048
A. Santos, J. Barbero, S. Salotti, Olga Diukanova, D. Pontikakis
ABSTRACT We construct a novel indicator of regional competitive sustainability based on the movements over time of employment sectoral shares across all the regions of the European Union. The indicator accounts for shifts in employment towards greener and more productive sectors over the 2008–2018 period. The mapping of the indicators shows considerable regional heterogeneity in terms of both competitiveness and environmental sustainability, as well as interesting dynamics over time. We also present an econometric analysis of the determinants of these sectoral shifts. It appears that the European structural funds are positively associated with the transition to a more competitive and sustainable economy at the regional level. This is particularly true for the competitive dimension of the transition, with the funds being positively associated with a regional employment restructuring towards more productive sectors.
{"title":"On the road to regional ‘Competitive Environmental Sustainability’: the role of the European structural funds","authors":"A. Santos, J. Barbero, S. Salotti, Olga Diukanova, D. Pontikakis","doi":"10.1080/13662716.2023.2236048","DOIUrl":"https://doi.org/10.1080/13662716.2023.2236048","url":null,"abstract":"ABSTRACT We construct a novel indicator of regional competitive sustainability based on the movements over time of employment sectoral shares across all the regions of the European Union. The indicator accounts for shifts in employment towards greener and more productive sectors over the 2008–2018 period. The mapping of the indicators shows considerable regional heterogeneity in terms of both competitiveness and environmental sustainability, as well as interesting dynamics over time. We also present an econometric analysis of the determinants of these sectoral shifts. It appears that the European structural funds are positively associated with the transition to a more competitive and sustainable economy at the regional level. This is particularly true for the competitive dimension of the transition, with the funds being positively associated with a regional employment restructuring towards more productive sectors.","PeriodicalId":13585,"journal":{"name":"Industry and Innovation","volume":"30 1","pages":"801 - 823"},"PeriodicalIF":3.9,"publicationDate":"2023-07-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48747684","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-07-11DOI: 10.1080/13662716.2023.2228739
Lasse B. Lien, Bram Timmermans
{"title":"Crisis-induced innovation and crisis-induced innovators","authors":"Lasse B. Lien, Bram Timmermans","doi":"10.1080/13662716.2023.2228739","DOIUrl":"https://doi.org/10.1080/13662716.2023.2228739","url":null,"abstract":"","PeriodicalId":13585,"journal":{"name":"Industry and Innovation","volume":" ","pages":""},"PeriodicalIF":3.9,"publicationDate":"2023-07-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48366258","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-07-10DOI: 10.1080/13662716.2023.2230162
E. Calza, Alejandro Lavopa, Ligia Zagato
ABSTRACT Advanced digital production technologies – often clustered under the label of ‘Industry 4.0’– are reshaping industrial production. Using novel firm-level data collected by UNIDO this paper investigates the extent to which these technologies shielded developing countries’ manufacturing firms in times of COVID-19. The results of the analysis show that the adoption of the latest vintage of digital technologies strengthened firms’ robustness against the shock and, at the same time, facilitated their readiness to respond and adapt to the new context. These findings pose relevant implications for the design of post-COVID recovery strategies to strengthen future industrial resilience in developing and emerging economies.
{"title":"Advanced digitalisation and resilience during the COVID-19 pandemic: firm-level evidence from developing and emerging economies","authors":"E. Calza, Alejandro Lavopa, Ligia Zagato","doi":"10.1080/13662716.2023.2230162","DOIUrl":"https://doi.org/10.1080/13662716.2023.2230162","url":null,"abstract":"ABSTRACT Advanced digital production technologies – often clustered under the label of ‘Industry 4.0’– are reshaping industrial production. Using novel firm-level data collected by UNIDO this paper investigates the extent to which these technologies shielded developing countries’ manufacturing firms in times of COVID-19. The results of the analysis show that the adoption of the latest vintage of digital technologies strengthened firms’ robustness against the shock and, at the same time, facilitated their readiness to respond and adapt to the new context. These findings pose relevant implications for the design of post-COVID recovery strategies to strengthen future industrial resilience in developing and emerging economies.","PeriodicalId":13585,"journal":{"name":"Industry and Innovation","volume":"92 6","pages":"864 - 894"},"PeriodicalIF":3.9,"publicationDate":"2023-07-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41272770","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-07-10DOI: 10.1080/13662716.2023.2230159
Julie M. Mazzei, T. Rughi, M. Virgillito
ABSTRACT The development of low emission vehicles (LEVs) represents a typical case of technological competition between two green trajectories. On the one hand, the incremental trajectory aims at improving the efficiency of the dominant design, greening the internal combustion engine (ICEG). On the other hand, the radical trajectory targets the progress of hybrid, electric and fuel cell vehicles (HEF). This paper studies the innovative behaviours of firms in the automotive sector patenting in both trajectories. It investigates the extent to which technological leadership in green patents is rooted in firms’ knowledge and capabilities accumulated in brown domains. Using a novel dataset of automotive firms with patenting activity at the United States Patent and Trademark Office (USPTO) between 2001 and 2018, we find that related ‘brown knowledge’ denotes leadership in green trajectories.
{"title":"Knowing brown and inventing green? Incremental and radical innovative activities in the automotive sector","authors":"Julie M. Mazzei, T. Rughi, M. Virgillito","doi":"10.1080/13662716.2023.2230159","DOIUrl":"https://doi.org/10.1080/13662716.2023.2230159","url":null,"abstract":"ABSTRACT The development of low emission vehicles (LEVs) represents a typical case of technological competition between two green trajectories. On the one hand, the incremental trajectory aims at improving the efficiency of the dominant design, greening the internal combustion engine (ICEG). On the other hand, the radical trajectory targets the progress of hybrid, electric and fuel cell vehicles (HEF). This paper studies the innovative behaviours of firms in the automotive sector patenting in both trajectories. It investigates the extent to which technological leadership in green patents is rooted in firms’ knowledge and capabilities accumulated in brown domains. Using a novel dataset of automotive firms with patenting activity at the United States Patent and Trademark Office (USPTO) between 2001 and 2018, we find that related ‘brown knowledge’ denotes leadership in green trajectories.","PeriodicalId":13585,"journal":{"name":"Industry and Innovation","volume":"30 1","pages":"824 - 863"},"PeriodicalIF":3.9,"publicationDate":"2023-07-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45358443","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-07-06DOI: 10.1080/13662716.2023.2228717
A. Bellucci, Serena Fatica, Aliki Georgakaki, G. Gucciardi, Simon Letout, Francesco Pasimeni
ABSTRACT This paper explores the role of green innovation in attracting venture capital (VC) financing. We use a unique dataset that matches information on equity transactions, companies’ balance sheet variables and data on patented innovation at the firm level over the period 2008–2017. Taking advance of a novel granular definition of green innovative activities that tracks patents at the firm level, we show that green innovators are more likely to receive VC funding compared to other equity financing than firms without green patents. Likewise, a larger share of green vs. non-green patents in a firm’s patent portfolio increases the probability of receiving VC finance with respect to other equity. Robustness checks and extensions tackling several dimensions of heterogeneity confirm the attractiveness of green patenting for VC investment.
{"title":"Venture Capital Financing and Green Patenting","authors":"A. Bellucci, Serena Fatica, Aliki Georgakaki, G. Gucciardi, Simon Letout, Francesco Pasimeni","doi":"10.1080/13662716.2023.2228717","DOIUrl":"https://doi.org/10.1080/13662716.2023.2228717","url":null,"abstract":"ABSTRACT This paper explores the role of green innovation in attracting venture capital (VC) financing. We use a unique dataset that matches information on equity transactions, companies’ balance sheet variables and data on patented innovation at the firm level over the period 2008–2017. Taking advance of a novel granular definition of green innovative activities that tracks patents at the firm level, we show that green innovators are more likely to receive VC funding compared to other equity financing than firms without green patents. Likewise, a larger share of green vs. non-green patents in a firm’s patent portfolio increases the probability of receiving VC finance with respect to other equity. Robustness checks and extensions tackling several dimensions of heterogeneity confirm the attractiveness of green patenting for VC investment.","PeriodicalId":13585,"journal":{"name":"Industry and Innovation","volume":"30 1","pages":"947 - 983"},"PeriodicalIF":3.9,"publicationDate":"2023-07-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46364399","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-07-06DOI: 10.1080/13662716.2023.2228724
Konstantinos Trantopoulos, Martin Woerter, Georg von Krogh
{"title":"Open innovation during the 2008 financial crisis","authors":"Konstantinos Trantopoulos, Martin Woerter, Georg von Krogh","doi":"10.1080/13662716.2023.2228724","DOIUrl":"https://doi.org/10.1080/13662716.2023.2228724","url":null,"abstract":"","PeriodicalId":13585,"journal":{"name":"Industry and Innovation","volume":" ","pages":""},"PeriodicalIF":3.9,"publicationDate":"2023-07-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47929654","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-07-04DOI: 10.1080/13662716.2023.2230222
D. Consoli, F. Castellacci, A. Santoalha
ABSTRACT This paper investigates the relationship between digital skills of the workforce and income inequalities within regions. By combining three databases – EU-LFS, EU-SILC and ESCO – the analysis studies the relationships between digital skills and income inequalities for an unbalanced panel of 103 European regions for the period 2003–13. The results show that the relationship between digital skills and inequalities varies substantially across income groups and, in particular, that digitalisation exacerbates inequalities among the less affluent whereas it mitigates them among those with higher income levels.
{"title":"E-skills and income inequality within European regions","authors":"D. Consoli, F. Castellacci, A. Santoalha","doi":"10.1080/13662716.2023.2230222","DOIUrl":"https://doi.org/10.1080/13662716.2023.2230222","url":null,"abstract":"ABSTRACT This paper investigates the relationship between digital skills of the workforce and income inequalities within regions. By combining three databases – EU-LFS, EU-SILC and ESCO – the analysis studies the relationships between digital skills and income inequalities for an unbalanced panel of 103 European regions for the period 2003–13. The results show that the relationship between digital skills and inequalities varies substantially across income groups and, in particular, that digitalisation exacerbates inequalities among the less affluent whereas it mitigates them among those with higher income levels.","PeriodicalId":13585,"journal":{"name":"Industry and Innovation","volume":"30 1","pages":"919 - 946"},"PeriodicalIF":3.9,"publicationDate":"2023-07-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48923797","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-06-20DOI: 10.1080/13662716.2023.2226091
Jinxin Liu, Xiangyu Yang, S. Sheng
{"title":"Imitation or innovation? New ventures’ NPD strategies in emerging markets","authors":"Jinxin Liu, Xiangyu Yang, S. Sheng","doi":"10.1080/13662716.2023.2226091","DOIUrl":"https://doi.org/10.1080/13662716.2023.2226091","url":null,"abstract":"","PeriodicalId":13585,"journal":{"name":"Industry and Innovation","volume":" ","pages":""},"PeriodicalIF":3.9,"publicationDate":"2023-06-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47324792","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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