Journal of Open Innovation: Technology, Market, and Complexity最新文献

Organizational performance and competitive advantage in SMEs: The role of green innovation and knowledge management

Q1 Economics, Econometrics and Finance

Journal of Open Innovation: Technology, Market, and Complexity

Pub Date : 2025-04-09 DOI: 10.1016/j.joitmc.2025.100532

Fandi Achmad , Iwan Inrawan Wiratmadja

Small and Medium-sized Enterprises (SMEs) are vital to economic growth, job creation, and sustainable development. However, sustainability remains a challenge, especially for SMEs in developing countries facing resource limitations, market fluctuations, and technological constraints. Among them, Batik SMEs in Indonesia struggle with barriers to green innovation, such as limited knowledge, shifting market trends, rising production costs, and a lack of innovation, threatening long-term sustainability. This study examines the role of knowledge management (KM) in fostering green innovation (GI) and its impact on organizational performance (OP) and competitive advantage (CA) in Batik SMEs. A quantitative survey was conducted with 191 Batik SMEs in Rembang Regency and analyzed using Partial Least Squares–Structural Equation Modeling (PLS-SEM). The research model tests four hypotheses: The first hypothesis is that KM has a positive effect on GI; the second hypothesis is that GI improves OP; the third hypothesis is that OP strengthens CA, and the fourth hypothesis is that innovation capability moderates the relationship between KM and GI. The findings confirm that KM significantly enhances GI (β=0.401, p < 0.05), which positively influences OP (β=0.508, p < 0.05). Furthermore, OP strengthens CA. However, innovation capability does not significantly moderate the relationship between KM and GI (p > 0.05). These results highlight the crucial roles of knowledge management and green innovation in improving performance and competitiveness. SME owners and managers are encouraged to integrate green innovation into business strategies while strengthening internal capabilities to support sustainable practices. By doing so, Batik SMEs can enhance organizational performance, maintain market competitiveness, and achieve long-term sustainability.

{"title":"Organizational performance and competitive advantage in SMEs: The role of green innovation and knowledge management","authors":"Fandi Achmad , Iwan Inrawan Wiratmadja","doi":"10.1016/j.joitmc.2025.100532","DOIUrl":"10.1016/j.joitmc.2025.100532","url":null,"abstract":"<div><div>Small and Medium-sized Enterprises (SMEs) are vital to economic growth, job creation, and sustainable development. However, sustainability remains a challenge, especially for SMEs in developing countries facing resource limitations, market fluctuations, and technological constraints. Among them, Batik SMEs in Indonesia struggle with barriers to green innovation, such as limited knowledge, shifting market trends, rising production costs, and a lack of innovation, threatening long-term sustainability. This study examines the role of knowledge management (KM) in fostering green innovation (GI) and its impact on organizational performance (OP) and competitive advantage (CA) in Batik SMEs. A quantitative survey was conducted with 191 Batik SMEs in Rembang Regency and analyzed using Partial Least Squares–Structural Equation Modeling (PLS-SEM). The research model tests four hypotheses: The first hypothesis is that KM has a positive effect on GI; the second hypothesis is that GI improves OP; the third hypothesis is that OP strengthens CA, and the fourth hypothesis is that innovation capability moderates the relationship between KM and GI. The findings confirm that KM significantly enhances GI (β=0.401, p < 0.05), which positively influences OP (β=0.508, p < 0.05). Furthermore, OP strengthens CA. However, innovation capability does not significantly moderate the relationship between KM and GI (p > 0.05). These results highlight the crucial roles of knowledge management and green innovation in improving performance and competitiveness. SME owners and managers are encouraged to integrate green innovation into business strategies while strengthening internal capabilities to support sustainable practices. By doing so, Batik SMEs can enhance organizational performance, maintain market competitiveness, and achieve long-term sustainability.</div></div>","PeriodicalId":16678,"journal":{"name":"Journal of Open Innovation: Technology, Market, and Complexity","volume":"11 2","pages":"Article 100532"},"PeriodicalIF":0.0,"publicationDate":"2025-04-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143817503","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}

引用次数: 0

Knowledge management and M&A networks in China's mature firms. An empirical study

Q1 Economics, Econometrics and Finance

Journal of Open Innovation: Technology, Market, and Complexity

Pub Date : 2025-04-05 DOI: 10.1016/j.joitmc.2025.100533

Suleman Bawa , Xie Yongping , Ibn Wahab Benin

This study investigates the influence of knowledge management (KM) and merger and acquisition (M&A) networks on the effectiveness of innovation networks within mature entrepreneurial firms. By focusing on a sample of 4139 firms listed on the Chinese stock market and analyzing 8563 M&A transactions from the mid-2000s to 2023, the research aims to explore how these strategic networks shape entrepreneurial innovation, with particular attention to the moderating role of absorptive capacity (AC) and the impact of entrepreneurial uncertainty. A mixed-method approach, combining structural equation modelling (SEM) and qualitative interviews, was employed to evaluate the relationships between KM, M&A, and innovation networks. SEM facilitated the assessment of hypothesized connections and mediation effects, while interviews with key stakeholders provided qualitative insights into the practical nuances of network interactions and strategies in mature firms. The study finds that KM practices, such as effective planning and knowledge acquisition, alongside M&A networks, collectively enhance the effectiveness of innovation networks. While KM promotes operational and strategic alignment, M&A networks support stakeholder decision-making, thus reinforcing firm operations. Absorptive capacity (AC) significantly mediates the relationship between KM, M&A networks, and innovation network effectiveness. However, entrepreneurial uncertainty diminishes the effectiveness of KM and M&A networks but simultaneously enhances innovation networks' outcomes, underscoring mature firms' adaptability in uncertain environments. This research deepens the understanding of innovation networks in mature entrepreneurial firms by applying the Knowledge-Based View (KBV) framework, highlighting the strategic role of KM and M&A networks. It offers new insights into how mature firms in emerging economies can leverage knowledge assets for sustained innovation and competitive advantage. The findings provide implications for practice and policy, suggesting that mature firms strategically manage KM and M&A activities to enhance innovation networks, even under varying levels of entrepreneurial uncertainty.

{"title":"Knowledge management and M&A networks in China's mature firms. An empirical study","authors":"Suleman Bawa , Xie Yongping , Ibn Wahab Benin","doi":"10.1016/j.joitmc.2025.100533","DOIUrl":"10.1016/j.joitmc.2025.100533","url":null,"abstract":"<div><div>This study investigates the influence of knowledge management (KM) and merger and acquisition (M&A) networks on the effectiveness of innovation networks within mature entrepreneurial firms. By focusing on a sample of 4139 firms listed on the Chinese stock market and analyzing 8563 M&A transactions from the mid-2000s to 2023, the research aims to explore how these strategic networks shape entrepreneurial innovation, with particular attention to the moderating role of absorptive capacity (AC) and the impact of entrepreneurial uncertainty. A mixed-method approach, combining structural equation modelling (SEM) and qualitative interviews, was employed to evaluate the relationships between KM, M&A, and innovation networks. SEM facilitated the assessment of hypothesized connections and mediation effects, while interviews with key stakeholders provided qualitative insights into the practical nuances of network interactions and strategies in mature firms. The study finds that KM practices, such as effective planning and knowledge acquisition, alongside M&A networks, collectively enhance the effectiveness of innovation networks. While KM promotes operational and strategic alignment, M&A networks support stakeholder decision-making, thus reinforcing firm operations. Absorptive capacity (AC) significantly mediates the relationship between KM, M&A networks, and innovation network effectiveness. However, entrepreneurial uncertainty diminishes the effectiveness of KM and M&A networks but simultaneously enhances innovation networks' outcomes, underscoring mature firms' adaptability in uncertain environments. This research deepens the understanding of innovation networks in mature entrepreneurial firms by applying the Knowledge-Based View (KBV) framework, highlighting the strategic role of KM and M&A networks. It offers new insights into how mature firms in emerging economies can leverage knowledge assets for sustained innovation and competitive advantage. The findings provide implications for practice and policy, suggesting that mature firms strategically manage KM and M&A activities to enhance innovation networks, even under varying levels of entrepreneurial uncertainty.</div></div>","PeriodicalId":16678,"journal":{"name":"Journal of Open Innovation: Technology, Market, and Complexity","volume":"11 2","pages":"Article 100533"},"PeriodicalIF":0.0,"publicationDate":"2025-04-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143817504","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}

引用次数: 0

Enhancing financial product forecasting accuracy using EMD and feature selection with ensemble models

Q1 Economics, Econometrics and Finance

Journal of Open Innovation: Technology, Market, and Complexity

Pub Date : 2025-04-04 DOI: 10.1016/j.joitmc.2025.100531

Eddy Suprihadi , Nevi Danila , Zaiton Ali

This study examines the impact of Empirical Mode Decomposition (EMD) and Recursive Feature Elimination (RFE) on the prediction of financial product performance employing several ensemble machine learning models, including Random Forest, XGBoost, LightGBM, AdaBoost, CatBoost, Bagging, and ExtraTrees. The research sample comprises ten diverse financial products such as stocks, indices, cryptocurrencies, and commodities. The findings reveal that the combination of EMD and RFE significantly enhances prediction accuracy, with XGBoost delivering the best results. Although all ensemble models benefited from these preprocessing techniques, XGBoost, Random Forest, and LightGBM consistently outperformed the others. This research underscores the critical role of EMD and RFE in improving the predictive capabilities of machine learning models in the dynamic and complex landscape of financial markets, offering valuable insights for practitioners aiming to enhance forecasting accuracy.

引用次数: 0

Can VUCA events catalyze digital public sector innovations? Evidence from three digital innovation trends in Asia

Q1 Economics, Econometrics and Finance

Journal of Open Innovation: Technology, Market, and Complexity

Pub Date : 2025-04-04 DOI: 10.1016/j.joitmc.2025.100529

Aarthi Raghavan , Mehmet Akif Demircioglu , Serik Orazgaliyev

VUCA (volatile, uncertain, complex and ambiguous) events like COVID-19 can create unpredictable scenarios for public sector to tackle, forcing them to adopt digital applications to respond to challenges more quickly. COVID-19 saw governments pursuing digital public sector innovation more proactively, especially in Asia. We use the following three case studies to understand how COVID-19 accelerated digital public sector innovation across Asian countries: 1) digital contact tracing applications, 2) digital health certificates, and 3) AI chatbots. Using the OECD Framework on Facets of Innovation, we analyze the evolution of these innovations across Asian countries between 2020 and 2024. Some of the key findings from the analysis are 1) innovations developed and/or adopted during the crisis evolve from uncertainty to certainty in terms of the intended goals of the innovation, 2) innovations that begin as a top-down reform tend to evolve and take bottom-up approaches for greater citizen participation over time, 3) advanced technologies adopted during the crisis tend to continue its evolution even after the crisis has ended, giving rise to potential new applications. The findings suggest a clear shaping effect of crisis events on digital public sector innovations in Asia.

{"title":"Can VUCA events catalyze digital public sector innovations? Evidence from three digital innovation trends in Asia","authors":"Aarthi Raghavan , Mehmet Akif Demircioglu , Serik Orazgaliyev","doi":"10.1016/j.joitmc.2025.100529","DOIUrl":"10.1016/j.joitmc.2025.100529","url":null,"abstract":"<div><div>VUCA (volatile, uncertain, complex and ambiguous) events like COVID-19 can create unpredictable scenarios for public sector to tackle, forcing them to adopt digital applications to respond to challenges more quickly. COVID-19 saw governments pursuing digital public sector innovation more proactively, especially in Asia. We use the following three case studies to understand how COVID-19 accelerated digital public sector innovation across Asian countries: 1) digital contact tracing applications, 2) digital health certificates, and 3) AI chatbots. Using the OECD Framework on Facets of Innovation, we analyze the evolution of these innovations across Asian countries between 2020 and 2024. Some of the key findings from the analysis are 1) innovations developed and/or adopted during the crisis evolve from uncertainty to certainty in terms of the intended goals of the innovation, 2) innovations that begin as a top-down reform tend to evolve and take bottom-up approaches for greater citizen participation over time, 3) advanced technologies adopted during the crisis tend to continue its evolution even after the crisis has ended, giving rise to potential new applications. The findings suggest a clear shaping effect of crisis events on digital public sector innovations in Asia.</div></div>","PeriodicalId":16678,"journal":{"name":"Journal of Open Innovation: Technology, Market, and Complexity","volume":"11 2","pages":"Article 100529"},"PeriodicalIF":0.0,"publicationDate":"2025-04-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143817773","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}

引用次数: 0

The role of innovation in the transition to a green economy: A path to sustainable growth

Q1 Economics, Econometrics and Finance

Journal of Open Innovation: Technology, Market, and Complexity

Pub Date : 2025-03-31 DOI: 10.1016/j.joitmc.2025.100530

Aleksy Kwilinski , Zdzislawa Dacko-Pikiewicz , Katarzyna Szczepanska-Woszczyna , Oleksii Lyulyov , Tetyana Pimonenko

The EU has set ambitious targets for carbon neutrality, encapsulated in the European Green Deal. This framework aims to transform the EU into a modern, resource-efficient, and competitive economy with no net emissions of greenhouse gases by 2050. Innovation plays a critical role in developing the technologies and processes required to meet these targets. This study investigates the influence of innovation on green economic growth across EU member states over the period 2007–2022. Employing the PVAR model with GMM estimation to analyse panel data from the Visegrad Group (V4), which includes Poland, Hungary, Slovakia, and the Czech Republic, this research explores the dynamic interplay between innovation activities and green economic growth. The MalmquistLuenberger index is constructed to evaluate green economic growth. According to the empirical results, there is a significant divergence trend in green economic growth among V4 countries. However, overall progress has been made in green economic growth, driven primarily by advancements in technology. Furthermore, the results reveal a statistically significant and positive relationship between innovation and green economic growth, highlighting the indispensable role of technological advancement and sustainable practices in the EU's progression towards a greener economy. The study recommends tailored policy interventions to optimize the benefits of innovation across the region.

{"title":"The role of innovation in the transition to a green economy: A path to sustainable growth","authors":"Aleksy Kwilinski , Zdzislawa Dacko-Pikiewicz , Katarzyna Szczepanska-Woszczyna , Oleksii Lyulyov , Tetyana Pimonenko","doi":"10.1016/j.joitmc.2025.100530","DOIUrl":"10.1016/j.joitmc.2025.100530","url":null,"abstract":"<div><div>The EU has set ambitious targets for carbon neutrality, encapsulated in the European Green Deal. This framework aims to transform the EU into a modern, resource-efficient, and competitive economy with no net emissions of greenhouse gases by 2050. Innovation plays a critical role in developing the technologies and processes required to meet these targets. This study investigates the influence of innovation on green economic growth across EU member states over the period 2007–2022. Employing the PVAR model with GMM estimation to analyse panel data from the Visegrad Group (V4), which includes Poland, Hungary, Slovakia, and the Czech Republic, this research explores the dynamic interplay between innovation activities and green economic growth. The Malmquist<img>Luenberger index is constructed to evaluate green economic growth. According to the empirical results, there is a significant divergence trend in green economic growth among V4 countries. However, overall progress has been made in green economic growth, driven primarily by advancements in technology. Furthermore, the results reveal a statistically significant and positive relationship between innovation and green economic growth, highlighting the indispensable role of technological advancement and sustainable practices in the EU's progression towards a greener economy. The study recommends tailored policy interventions to optimize the benefits of innovation across the region.</div></div>","PeriodicalId":16678,"journal":{"name":"Journal of Open Innovation: Technology, Market, and Complexity","volume":"11 2","pages":"Article 100530"},"PeriodicalIF":0.0,"publicationDate":"2025-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143785676","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Exploring creativity and innovation in organizational contexts: A systematic review and bibliometric analysis of key models and emerging opportunities

Q1 Economics, Econometrics and Finance

Journal of Open Innovation: Technology, Market, and Complexity

Pub Date : 2025-03-29 DOI: 10.1016/j.joitmc.2025.100526

Rodrigo de Barros, Luis Mauricio Resende, Joseane Pontes

This paper explores the critical question of how to develop creativity for innovation within organizational contexts, identifying significant gaps in the existing literature. Through a rigorous systematic review and bibliometric analysis, the study examines the intersection of creativity and innovation, addressing three key questions: (1) What are the key models of creativity and innovation discussed in the literature, and how are they applied in organizational contexts? (2) How has recent literature on creativity and innovation evolved to support organizational practice and the development of new frameworks? (3) What gaps and opportunities have been identified in studies on creativity and innovation within organizational contexts, and how can these be addressed in future research? The systematic review resulted in the identification of 462 articles, of which 25 were selected as state-of-the-art based on their relevance and impact. These articles, along with their references, form the core of the bibliometric analysis, which maps the key models, trends, and knowledge gaps in the field. The study concludes that while there are solid theoretical models for understanding creativity and innovation, there is a substantial gap in the practical application of these models, particularly concerning microprocesses—small-scale interactions and behaviours within organizations that are essential for creative development. These microprocesses include specific forms of collaboration, information exchange, and problem-solving within creative teams, which are crucial for fostering creativity in organizational environments. In addition to mapping these gaps, the paper identifies significant opportunities for advancing research, suggesting that future studies focus on how to operationalize and develop these microprocesses to promote innovation more effectively. By highlighting these gaps and opportunities, the study contributes to a deeper understanding of how creativity can be cultivated and applied in organizational contexts, offering clear directions for future research aimed at translating theory into practice.

{"title":"Exploring creativity and innovation in organizational contexts: A systematic review and bibliometric analysis of key models and emerging opportunities","authors":"Rodrigo de Barros, Luis Mauricio Resende, Joseane Pontes","doi":"10.1016/j.joitmc.2025.100526","DOIUrl":"10.1016/j.joitmc.2025.100526","url":null,"abstract":"<div><div>This paper explores the critical question of how to develop creativity for innovation within organizational contexts, identifying significant gaps in the existing literature. Through a rigorous systematic review and bibliometric analysis, the study examines the intersection of creativity and innovation, addressing three key questions: (1) What are the key models of creativity and innovation discussed in the literature, and how are they applied in organizational contexts? (2) How has recent literature on creativity and innovation evolved to support organizational practice and the development of new frameworks? (3) What gaps and opportunities have been identified in studies on creativity and innovation within organizational contexts, and how can these be addressed in future research? The systematic review resulted in the identification of 462 articles, of which 25 were selected as state-of-the-art based on their relevance and impact. These articles, along with their references, form the core of the bibliometric analysis, which maps the key models, trends, and knowledge gaps in the field. The study concludes that while there are solid theoretical models for understanding creativity and innovation, there is a substantial gap in the practical application of these models, particularly concerning microprocesses—small-scale interactions and behaviours within organizations that are essential for creative development. These microprocesses include specific forms of collaboration, information exchange, and problem-solving within creative teams, which are crucial for fostering creativity in organizational environments. In addition to mapping these gaps, the paper identifies significant opportunities for advancing research, suggesting that future studies focus on how to operationalize and develop these microprocesses to promote innovation more effectively. By highlighting these gaps and opportunities, the study contributes to a deeper understanding of how creativity can be cultivated and applied in organizational contexts, offering clear directions for future research aimed at translating theory into practice.</div></div>","PeriodicalId":16678,"journal":{"name":"Journal of Open Innovation: Technology, Market, and Complexity","volume":"11 2","pages":"Article 100526"},"PeriodicalIF":0.0,"publicationDate":"2025-03-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143785638","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Developing soft skills of Gen Z accountants in the open innovation era: The roles of absorptive capability and self-learning capability

Q1 Economics, Econometrics and Finance

Journal of Open Innovation: Technology, Market, and Complexity

Pub Date : 2025-03-29 DOI: 10.1016/j.joitmc.2025.100525

Pattama Buayai , Jintanee Ru-Zhue , Prasit Rungruang , Berto Usman , Somnuk Aujirapongpan

This study examines the impact of absorptive capability and self-learning capability on the development of soft skills among generation Z accountants in Thailand within the open innovation era. Using a quantitative approach, data were collected from 510 accountants with at least one year of work experience across various regions. The findings confirm that absorptive capability significantly enhances both self-learning capability and soft skills, with self-learning capability also playing a key mediating role in this relationship. Notably, capability and skill levels vary across regions, experience levels, and organizational types, with accountants in urban and corporate settings demonstrating stronger competencies. These results emphasize the need for revised accounting curricula and targeted educational activities to strengthen absorptive and self-learning capabilities while addressing regional disparities in skill development. The findings have important implications for accounting education and professional training, specifically: (1) integrating experiential learning methods that enhance knowledge absorption, (2) incorporating self-directed learning components that foster continuous skill development, (3) designing region-specific training programs to address geographical competency gaps, and (4) developing digital literacy frameworks that prepare new-generation accountants to navigate the technological challenges of the open innovation era.The findings have important implications for accounting education and professional training, ensuring that new-generation accountants are well-equipped to navigate the challenges of the open innovation era.

{"title":"Developing soft skills of Gen Z accountants in the open innovation era: The roles of absorptive capability and self-learning capability","authors":"Pattama Buayai , Jintanee Ru-Zhue , Prasit Rungruang , Berto Usman , Somnuk Aujirapongpan","doi":"10.1016/j.joitmc.2025.100525","DOIUrl":"10.1016/j.joitmc.2025.100525","url":null,"abstract":"<div><div>This study examines the impact of absorptive capability and self-learning capability on the development of soft skills among generation Z accountants in Thailand within the open innovation era. Using a quantitative approach, data were collected from 510 accountants with at least one year of work experience across various regions. The findings confirm that absorptive capability significantly enhances both self-learning capability and soft skills, with self-learning capability also playing a key mediating role in this relationship. Notably, capability and skill levels vary across regions, experience levels, and organizational types, with accountants in urban and corporate settings demonstrating stronger competencies. These results emphasize the need for revised accounting curricula and targeted educational activities to strengthen absorptive and self-learning capabilities while addressing regional disparities in skill development. The findings have important implications for accounting education and professional training, specifically: (1) integrating experiential learning methods that enhance knowledge absorption, (2) incorporating self-directed learning components that foster continuous skill development, (3) designing region-specific training programs to address geographical competency gaps, and (4) developing digital literacy frameworks that prepare new-generation accountants to navigate the technological challenges of the open innovation era.The findings have important implications for accounting education and professional training, ensuring that new-generation accountants are well-equipped to navigate the challenges of the open innovation era.</div></div>","PeriodicalId":16678,"journal":{"name":"Journal of Open Innovation: Technology, Market, and Complexity","volume":"11 2","pages":"Article 100525"},"PeriodicalIF":0.0,"publicationDate":"2025-03-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143738077","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Financial stress and its determinants in Indonesia: Exploring the moderating effects of digital knowledge, age, and gender

Q1 Economics, Econometrics and Finance

Journal of Open Innovation: Technology, Market, and Complexity

Pub Date : 2025-03-27 DOI: 10.1016/j.joitmc.2025.100528

Rudy Badrudin , Mochammad Fahlevi , Sahara Putri Dahlan , Olivia Putri Dahlan , Mochamad Dandi

Financial stress (FS) has become a critical issue influencing financial behavior (FB), particularly in the context of Indonesia’s evolving financial environment. This study examines the effects of current money management stress (CMMS) and expected future financial security (EFFS) on FS and its subsequent impact on FB. Additionally, digital knowledge (DK) was assessed as a moderating factor, while age and gender were explored as moderators of financial decision-making patterns. The study utilizes partial least squares structural equation modeling (PLS-SEM) to analyze responses from 514 participants in Jakarta, Surabaya, and Yogyakarta, ensuring a diverse representation of urban financial consumers. The findings confirm that CMMS significantly increases FS, reinforcing the role of immediate financial pressure in shaping financial well-being. While EFFS positively influences FB, it does not significantly reduce FS, suggesting that long-term financial optimism does not necessarily alleviate short-term financial anxiety. The study also finds that FS negatively affects FB, indicating that individuals under stress are more likely to engage in suboptimal financial decisions. Although DK significantly improves FB, it does not directly reduce FS, highlighting the importance of integrating financial education with digital literacy. The moderating effects of age and gender reveal that younger individuals and women experience stronger negative impacts of FS on FB, emphasizing the need for targeted financial education and policy interventions. This study contributes to a deeper understanding of financial well-being among urban financial consumers.

{"title":"Financial stress and its determinants in Indonesia: Exploring the moderating effects of digital knowledge, age, and gender","authors":"Rudy Badrudin , Mochammad Fahlevi , Sahara Putri Dahlan , Olivia Putri Dahlan , Mochamad Dandi","doi":"10.1016/j.joitmc.2025.100528","DOIUrl":"10.1016/j.joitmc.2025.100528","url":null,"abstract":"<div><div>Financial stress (FS) has become a critical issue influencing financial behavior (FB), particularly in the context of Indonesia’s evolving financial environment. This study examines the effects of current money management stress (CMMS) and expected future financial security (EFFS) on FS and its subsequent impact on FB. Additionally, digital knowledge (DK) was assessed as a moderating factor, while age and gender were explored as moderators of financial decision-making patterns. The study utilizes partial least squares structural equation modeling (PLS-SEM) to analyze responses from 514 participants in Jakarta, Surabaya, and Yogyakarta, ensuring a diverse representation of urban financial consumers. The findings confirm that CMMS significantly increases FS, reinforcing the role of immediate financial pressure in shaping financial well-being. While EFFS positively influences FB, it does not significantly reduce FS, suggesting that long-term financial optimism does not necessarily alleviate short-term financial anxiety. The study also finds that FS negatively affects FB, indicating that individuals under stress are more likely to engage in suboptimal financial decisions. Although DK significantly improves FB, it does not directly reduce FS, highlighting the importance of integrating financial education with digital literacy. The moderating effects of age and gender reveal that younger individuals and women experience stronger negative impacts of FS on FB, emphasizing the need for targeted financial education and policy interventions. This study contributes to a deeper understanding of financial well-being among urban financial consumers.</div></div>","PeriodicalId":16678,"journal":{"name":"Journal of Open Innovation: Technology, Market, and Complexity","volume":"11 2","pages":"Article 100528"},"PeriodicalIF":0.0,"publicationDate":"2025-03-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143759036","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Regional innovation and economic growth: Empirical insights from FGLS, FE-DKSE, and XGBoost-SHAP approach

Q1 Economics, Econometrics and Finance

Journal of Open Innovation: Technology, Market, and Complexity

Pub Date : 2025-03-24 DOI: 10.1016/j.joitmc.2025.100524

Sangjae Pyo , Sang Ok Choi

This study examines the impact of regional innovation factors and their dynamic interactions on regional economic growth. Using a 10-year panel dataset from 17 provinces and cities in South Korea, we analyze the data using panel data regression and explore non-linear relationships with the XGBoost model. We also enhance the model's interpretability by analyzing the impact of the variables on the predictions through Shapley Additive Explanations (SHAP) analysis. In the FGLS analysis, the number of innovative regional firms positively impacted GRDP, suggesting innovative firms boost regional economic output, but had minimal effect on Per Capita Gross Value Added (PCGVA). The proportion of top universities showed no significant impact on GRDP or PCGVA, though XGBoost and SHAP analyses indicated a complex, negative relationship with PCGVA. The interaction between the proportion of top universities and the number of innovative regional firms positively affected GRDP, emphasizing universities' role in supporting innovative firms. The effect of government R&D investment support on PCGVA highlights the importance of appropriate levels of support for maximizing productivity. The results indicate that R&D investment and open innovation significantly influence regional economic growth, with their effects exhibiting non-linear relationships. High-tech and medium-tech industries drive regional economic growth, while low-tech sectors have a negative impact on growth and per capita value-added. This study offers policy implications for fostering regional economic development as well as insights into the intricate links between economic growth and regional innovation factors.

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引用次数: 0

Prioritizing factors influencing global network readiness index with bayesian belief networks

Q1 Economics, Econometrics and Finance

Journal of Open Innovation: Technology, Market, and Complexity

Pub Date : 2025-03-24 DOI: 10.1016/j.joitmc.2025.100522

Abroon Qazi

The rapid evolution of digital transformation necessitates a comprehensive understanding of national digital readiness. The Network Readiness Index (NRI) serves as a key benchmark for assessing a country's preparedness to leverage digital technologies for economic and societal development. This study uses Bayesian Belief Network (BBN) models to systematically analyze and prioritize the factors influencing the NRI, using data from 134 countries in 2023. Unlike existing studies that primarily adopt conventional techniques, assuming the NRI drivers as independent, this research provides a probabilistic assessment of the interdependencies between the four NRI pillars—technology, people, governance, and impact—and their respective sub-pillars. The findings indicate that 'technology', 'impact', and 'people' are the most influential pillars in shaping digital readiness outcomes, with 'businesses' and 'trust' emerging as critical sub-pillars. The study enhances the existing literature by introducing a predictive framework that informs policymakers and industry leaders on the key levers for improving national digital competitiveness. By offering a network approach to prioritizing digital readiness factors, this research contributes to more effective policy design, strategic investments, and sustainable digital transformation efforts.

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引用次数: 0