Pub Date : 2023-12-20DOI: 10.1007/s40812-023-00287-9
Gloria Berenguer-Contrí, I. Gil‐Saura, M. Ruiz-Molina, Roberto Gil, Israel‐Javier Juma‐Michilena
{"title":"How to generate economic satisfaction in b2b contexts? The role of value co-creation and relationship quality","authors":"Gloria Berenguer-Contrí, I. Gil‐Saura, M. Ruiz-Molina, Roberto Gil, Israel‐Javier Juma‐Michilena","doi":"10.1007/s40812-023-00287-9","DOIUrl":"https://doi.org/10.1007/s40812-023-00287-9","url":null,"abstract":"","PeriodicalId":38200,"journal":{"name":"Journal of Industrial and Business Economics","volume":"42 8","pages":""},"PeriodicalIF":4.6,"publicationDate":"2023-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138955564","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 : 2023-11-30DOI: 10.1007/s40812-023-00286-w
Fanyu Chen, Z. Wong, S. Law
{"title":"Brain drain: what is the role of institutions?","authors":"Fanyu Chen, Z. Wong, S. Law","doi":"10.1007/s40812-023-00286-w","DOIUrl":"https://doi.org/10.1007/s40812-023-00286-w","url":null,"abstract":"","PeriodicalId":38200,"journal":{"name":"Journal of Industrial and Business Economics","volume":"34 1","pages":""},"PeriodicalIF":4.6,"publicationDate":"2023-11-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139208519","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 : 2023-10-30DOI: 10.1007/s40812-023-00284-y
Vincenzo Butticè, Chiara Franzoni, Mark Lorenzen, Cristina Rossi-Lamastra
Abstract Using a multiple case study of Italian high-end fashion, we analyze how new ventures pursue an open innovation by forming network ties to facilitate symbolic value propositions. We identify three strategies to form these ties: leverage of extant ties, Product exposure, and Entrepreneur exposure. Discussing the specificity of our empirical setting, we find that the identified strategies accommodate an industry context where market value is socially constructed and uncertainty is high. As a result, rather than being set by entrepreneurs, symbolic value propositions result from a mix of multiple diverse network ties. New high-end fashion ventures form these ties by applying strategies facilitating flexibility through open-ended search.
{"title":"Open innovation in Italian high-end fashion: an analysis of network tie formation by new ventures","authors":"Vincenzo Butticè, Chiara Franzoni, Mark Lorenzen, Cristina Rossi-Lamastra","doi":"10.1007/s40812-023-00284-y","DOIUrl":"https://doi.org/10.1007/s40812-023-00284-y","url":null,"abstract":"Abstract Using a multiple case study of Italian high-end fashion, we analyze how new ventures pursue an open innovation by forming network ties to facilitate symbolic value propositions. We identify three strategies to form these ties: leverage of extant ties, Product exposure, and Entrepreneur exposure. Discussing the specificity of our empirical setting, we find that the identified strategies accommodate an industry context where market value is socially constructed and uncertainty is high. As a result, rather than being set by entrepreneurs, symbolic value propositions result from a mix of multiple diverse network ties. New high-end fashion ventures form these ties by applying strategies facilitating flexibility through open-ended search.","PeriodicalId":38200,"journal":{"name":"Journal of Industrial and Business Economics","volume":"50 4","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136023515","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 : 2023-10-19DOI: 10.1007/s40812-023-00282-0
Rafaela Vital Caetano, António Cardoso Marques
Abstract Globalization, although beneficial in spreading knowledge and improving green technologies worldwide, is also considered one of the main drivers of global warming. Recent world events, such as the pandemic, with all its economic and social consequences, have exposed the external dependence of many countries, particularly the reliance of many developing countries on foreign investment. Although it contributes to economic growth, Foreign Direct Investment may also be harmful to the environment. Hence, this study analyses the impact of Foreign Direct Investment on emissions of Greenhouse Gases, Carbon Dioxide, Nitrous Oxide and Particulate Matter 2.5. A Panel Autoregressive Distributed Lag model was conducted for a group of 25 high-income and 10 middle-income countries from 1995 to 2019, allowing the analysis of short- and long-run impacts. Given the likelihood of nonlinear impacts, a Nonlinear Panel Autoregressive Distributed Lag model was also conducted to provide a more detailed understanding of the effects of expansion or contraction on the variables, and also to analyse short- and long-run impacts. The main findings suggest that electrification and energy transition away from fossil fuels to renewable energy may be crucial to limiting the polluting effect of Gross Fixed Capital Formation, Trade Openness and Foreign Direct Investment. However, it would be a mistake to simply reduce these three factors as the results reveal that it also contributes to increase pollution. Foreign Direct Investment and Trade Openness reduce environmental degradation in high-income countries and increase it in middle-income countries, except for Nitrous Oxide emissions.
{"title":"Nonlinear relationships between Foreign Direct Investment decisions and environmental degradation in high- and middle-income countries","authors":"Rafaela Vital Caetano, António Cardoso Marques","doi":"10.1007/s40812-023-00282-0","DOIUrl":"https://doi.org/10.1007/s40812-023-00282-0","url":null,"abstract":"Abstract Globalization, although beneficial in spreading knowledge and improving green technologies worldwide, is also considered one of the main drivers of global warming. Recent world events, such as the pandemic, with all its economic and social consequences, have exposed the external dependence of many countries, particularly the reliance of many developing countries on foreign investment. Although it contributes to economic growth, Foreign Direct Investment may also be harmful to the environment. Hence, this study analyses the impact of Foreign Direct Investment on emissions of Greenhouse Gases, Carbon Dioxide, Nitrous Oxide and Particulate Matter 2.5. A Panel Autoregressive Distributed Lag model was conducted for a group of 25 high-income and 10 middle-income countries from 1995 to 2019, allowing the analysis of short- and long-run impacts. Given the likelihood of nonlinear impacts, a Nonlinear Panel Autoregressive Distributed Lag model was also conducted to provide a more detailed understanding of the effects of expansion or contraction on the variables, and also to analyse short- and long-run impacts. The main findings suggest that electrification and energy transition away from fossil fuels to renewable energy may be crucial to limiting the polluting effect of Gross Fixed Capital Formation, Trade Openness and Foreign Direct Investment. However, it would be a mistake to simply reduce these three factors as the results reveal that it also contributes to increase pollution. Foreign Direct Investment and Trade Openness reduce environmental degradation in high-income countries and increase it in middle-income countries, except for Nitrous Oxide emissions.","PeriodicalId":38200,"journal":{"name":"Journal of Industrial and Business Economics","volume":"191 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135729927","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 : 2023-10-11DOI: 10.1007/s40812-023-00283-z
Keld Laursen, Ammon Salter
We synthesize and provide a critical overview of the set of quantitative papers on open innovation which have had an influence on analyses of open innovation in a corporate strategy context. We categorize the literature into (a) firms’ external search and knowledge sourcing activities, (b) absorptive capacity, and (c) appropriability. We discuss the firm and individual level contributions to each of these literature streams, identifying those contributions specific to knowledge about open innovation and unresolved issues which represent future research opportunities. In addition, we try to draw some lessons in terms of future challenges for open innovation research in relation to the growth and influence of this domain. Specifically, we discuss some specific problems related to the robustness, validity, reliability, and causal identification of open innovation research, and how these might be overcome through a new research approach. We conclude by proposing a checklist for future quantitative empirical studies of open innovation.
{"title":"What we know about open innovation, unresolved issues, and a checklist for future research","authors":"Keld Laursen, Ammon Salter","doi":"10.1007/s40812-023-00283-z","DOIUrl":"https://doi.org/10.1007/s40812-023-00283-z","url":null,"abstract":"We synthesize and provide a critical overview of the set of quantitative papers on open innovation which have had an influence on analyses of open innovation in a corporate strategy context. We categorize the literature into (a) firms’ external search and knowledge sourcing activities, (b) absorptive capacity, and (c) appropriability. We discuss the firm and individual level contributions to each of these literature streams, identifying those contributions specific to knowledge about open innovation and unresolved issues which represent future research opportunities. In addition, we try to draw some lessons in terms of future challenges for open innovation research in relation to the growth and influence of this domain. Specifically, we discuss some specific problems related to the robustness, validity, reliability, and causal identification of open innovation research, and how these might be overcome through a new research approach. We conclude by proposing a checklist for future quantitative empirical studies of open innovation.","PeriodicalId":38200,"journal":{"name":"Journal of Industrial and Business Economics","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136098684","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 : 2023-10-10DOI: 10.1007/s40812-023-00285-x
Massimo G. Colombo, Karin Hoisl, Toke Reichstein, Salvatore Torrisi
{"title":"Open innovation, value creation and value capture : an introduction","authors":"Massimo G. Colombo, Karin Hoisl, Toke Reichstein, Salvatore Torrisi","doi":"10.1007/s40812-023-00285-x","DOIUrl":"https://doi.org/10.1007/s40812-023-00285-x","url":null,"abstract":"","PeriodicalId":38200,"journal":{"name":"Journal of Industrial and Business Economics","volume":"37 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136296028","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 : 2023-10-07DOI: 10.1007/s40812-023-00280-2
Marco Corsino, Salvatore Torrisi
University–industry collaborations are an important pathway through which academic scientists engage with industry and society, co-create new knowledge, and raise funds to carry out costly research endeavors. Nonetheless, the management of such collaborations is challenging and requires universities to protect their investments in intellectual property and to capture value from them. This paper examines how scientists’ motivations to undertake inventive activities shape the relationship between research partnerships, the ownership of academic patents resulting from such partnerships, and the licensing of university-owned patents. We examine the interactions between these factors using data on 501 research projects conducted by scientists affiliated with universities located in various countries. Our analysis indicates that the inventors’ motivations bear a direct effect on the ownership and commercialization of academic patents. Moreover, these motivations positively moderate the relationship between research partnerships and the management of academic patents. These findings have interesting implications for university administrators striving to enhance the effectiveness of the technology transfer process.
{"title":"University engagement in open innovation and intellectual property: evidence from university–industry collaborations","authors":"Marco Corsino, Salvatore Torrisi","doi":"10.1007/s40812-023-00280-2","DOIUrl":"https://doi.org/10.1007/s40812-023-00280-2","url":null,"abstract":"University–industry collaborations are an important pathway through which academic scientists engage with industry and society, co-create new knowledge, and raise funds to carry out costly research endeavors. Nonetheless, the management of such collaborations is challenging and requires universities to protect their investments in intellectual property and to capture value from them. This paper examines how scientists’ motivations to undertake inventive activities shape the relationship between research partnerships, the ownership of academic patents resulting from such partnerships, and the licensing of university-owned patents. We examine the interactions between these factors using data on 501 research projects conducted by scientists affiliated with universities located in various countries. Our analysis indicates that the inventors’ motivations bear a direct effect on the ownership and commercialization of academic patents. Moreover, these motivations positively moderate the relationship between research partnerships and the management of academic patents. These findings have interesting implications for university administrators striving to enhance the effectiveness of the technology transfer process.","PeriodicalId":38200,"journal":{"name":"Journal of Industrial and Business Economics","volume":"54 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135254775","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 : 2023-09-29DOI: 10.1007/s40812-023-00281-1
Nida Rahman, Mohd Nayyer Rahman, Muganda Munir Manini, Krishan Sharma
Globally, the share of Global Value Chain (GVC) trade currently accounts for around 70% of total trade. In Regional Comprehensive Economic Partnership (RCEP) region, around 46% of the total trade involves GVC trade. Besides, RCEP is the first agreement between China, Japan and South Korea. Given the important positioning of RCEP member countries like Japan, China, South Korea and Vietnam in factory Asia and prominent GVC assembly hubs, this paper examines the determinants of GVC participation in RCEP bloc by employing fixed effects regression method over a period of 1995–2018. The paper also explores the impact of the level of development of the member countries on GVC participation. Latest GVC measures provided by OECD Tiva, 2021 edition are used. The degree of openness to trade and economic freedom positively impacts backward participation rate whereas FDI inflows exerts negative influence on forward participation rate of RCEP countries. However, the developing countries within RCEP appears to have benefitted from FDI inflows, as it significantly affects their forward participation rate in positive direction in relation to their developed counterparts. Similarly, the positive impact of trade openness on backward participation is more pronounced in RCEP member countries with a developing country status relative to developed countries.
{"title":"Determinants of global value chain participation in regional trade agreements: the case of Regional Comprehensive Economic Partnership (RCEP)","authors":"Nida Rahman, Mohd Nayyer Rahman, Muganda Munir Manini, Krishan Sharma","doi":"10.1007/s40812-023-00281-1","DOIUrl":"https://doi.org/10.1007/s40812-023-00281-1","url":null,"abstract":"Globally, the share of Global Value Chain (GVC) trade currently accounts for around 70% of total trade. In Regional Comprehensive Economic Partnership (RCEP) region, around 46% of the total trade involves GVC trade. Besides, RCEP is the first agreement between China, Japan and South Korea. Given the important positioning of RCEP member countries like Japan, China, South Korea and Vietnam in factory Asia and prominent GVC assembly hubs, this paper examines the determinants of GVC participation in RCEP bloc by employing fixed effects regression method over a period of 1995–2018. The paper also explores the impact of the level of development of the member countries on GVC participation. Latest GVC measures provided by OECD Tiva, 2021 edition are used. The degree of openness to trade and economic freedom positively impacts backward participation rate whereas FDI inflows exerts negative influence on forward participation rate of RCEP countries. However, the developing countries within RCEP appears to have benefitted from FDI inflows, as it significantly affects their forward participation rate in positive direction in relation to their developed counterparts. Similarly, the positive impact of trade openness on backward participation is more pronounced in RCEP member countries with a developing country status relative to developed countries.","PeriodicalId":38200,"journal":{"name":"Journal of Industrial and Business Economics","volume":"47 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135200320","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 article investigates the links between the technological evolution and the importance of informal economic activities. We examine the influences of internet usage on the shadow economy in a global sample between 2002 and 2015. With this purpose, we mobilize the panel fixed-effects estimate and the panel corrected standard errors estimate (as a robustness check) for the analysis of 114 economies (and three sub-samples including high-income economies (HIEs), upper-middle-income economies (UMEs), and lower-middle-income economies (LMEs)). Our results indicate that the use of the internet generally has a negative impact on the shadow economy. This influence of internet is consistent across all institutional environments. Interestingly, technology is not spread through the shadow economy in the same way everywhere since we observe a U-shaped relationship between internet usage and the shadow economy. Our research shows that technology might also have a negative influence on official activities if its implementation is not combined with an appropriate institutional policy allowing policy-makers to avoid the technology-side effects.
{"title":"Digitalization and informal economy: a global evidence of internet usage","authors":"Canh Phuc Nguyen, Christophe Schinckus, Quang Binh Nguyen, Duyen Thuy Le Tran","doi":"10.1007/s40812-023-00278-w","DOIUrl":"https://doi.org/10.1007/s40812-023-00278-w","url":null,"abstract":"This article investigates the links between the technological evolution and the importance of informal economic activities. We examine the influences of internet usage on the shadow economy in a global sample between 2002 and 2015. With this purpose, we mobilize the panel fixed-effects estimate and the panel corrected standard errors estimate (as a robustness check) for the analysis of 114 economies (and three sub-samples including high-income economies (HIEs), upper-middle-income economies (UMEs), and lower-middle-income economies (LMEs)). Our results indicate that the use of the internet generally has a negative impact on the shadow economy. This influence of internet is consistent across all institutional environments. Interestingly, technology is not spread through the shadow economy in the same way everywhere since we observe a U-shaped relationship between internet usage and the shadow economy. Our research shows that technology might also have a negative influence on official activities if its implementation is not combined with an appropriate institutional policy allowing policy-makers to avoid the technology-side effects.","PeriodicalId":38200,"journal":{"name":"Journal of Industrial and Business Economics","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136307953","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 : 2023-09-14DOI: 10.1007/s40812-023-00279-9
Hanh-Hong Le, Binh Thanh Nguyen, Nguyen Nhan Thien
Abstract This study investigates the herding behavior in the cryptocurrency market during the period of the Russia and Ukraine conflict using intraday cryptocurrency price data of the five largest cryptocurrencies in terms of market capitalization. The empirical results indicate an anti-herding behavior during the whole period of the conflict, especially after the conflict officially happens. The research contributes to the growing literature on herding behavior in the cryptocurrency market by using intraday data and examining the Russia–Ukraine conflict period.
{"title":"Herding behavior in the cryptocurrency market: the case of the Russia–Ukraine conflict","authors":"Hanh-Hong Le, Binh Thanh Nguyen, Nguyen Nhan Thien","doi":"10.1007/s40812-023-00279-9","DOIUrl":"https://doi.org/10.1007/s40812-023-00279-9","url":null,"abstract":"Abstract This study investigates the herding behavior in the cryptocurrency market during the period of the Russia and Ukraine conflict using intraday cryptocurrency price data of the five largest cryptocurrencies in terms of market capitalization. The empirical results indicate an anti-herding behavior during the whole period of the conflict, especially after the conflict officially happens. The research contributes to the growing literature on herding behavior in the cryptocurrency market by using intraday data and examining the Russia–Ukraine conflict period.","PeriodicalId":38200,"journal":{"name":"Journal of Industrial and Business Economics","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134913122","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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