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Leading the post-industrial revolution? Policy windows, issue linkage and decarbonization dynamics in the UK’s net-zero strategy (2010–2022) Ind. Corp. Change (IF 2.878) Pub Date : 2024-04-18 Benjamin K Sovacool, Marfuga Iskandarova, Frank W Geels
Industrial decarbonization and the net-zero climate strategy has arisen as one of the most important policy challenges of the modern era. But how do industrial decarbonization policy efforts link with other issues? The UK claims to be the first major economy in the world to posit a net-zero target. In this paper, drawn from an original qualitative dataset involving expert interviews (N = 46), site
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Robots and reshoring: a comparative study of automation, trade, and employment in Europe Ind. Corp. Change (IF 2.878) Pub Date : 2024-04-02 Chinchih Chen, Carl Benedikt Frey
This paper constitutes a comparative assessment of the impact of robots on local labor markets across eight European countries. Doing so, we find that robots generally reduce employment in the manufacturing sector, while their impacts on total employment are more ambiguous. Though local markets experienced significant employment losses in Italy, Norway, and the United Kingdom, we find no statistically
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Non-practicing entities in Europe: an empirical analysis of patent acquisitions at the European Patent Office Ind. Corp. Change (IF 2.878) Pub Date : 2024-03-22 Valerio Sterzi, Cecilia Maronero, Gianluca Orsatti, Andrea Vezzulli
This paper delves into the proliferation of non-practicing entities (NPEs), a hot topic in academia and public policy, especially in the United States. The common belief is that Europe is less exposed to NPEs due to a robust patent system, higher enforcement costs, and smaller damage awards. Yet, using a new database of NPE patent applications at the European Patent Office (EPO), the study uncovers
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Digital disruption and market structure: the case of internet banking Ind. Corp. Change (IF 2.878) Pub Date : 2024-03-21 Bruce Lyons, Minyan Zhu
We provide an econometric study of the adoption of internet banking, a case of a potentially disruptive digital technology which could devalue/replace an incumbent legacy. Our aim is to better understand the extent to which it disrupted the market structure where incumbents start with a strong customer base. We study both regional integration and national concentration dimensions of market structure
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Heavy is the crown: CEOs’ social interactions and layoff decisions Ind. Corp. Change (IF 2.878) Pub Date : 2024-03-05 Andrea Bassanini, Eve Caroli, Kevin Geay, Antoine Reberioux
We develop a theory of non-monetary costs incurred by chief executive officers (CEOs) when deciding about layoffs and test its predictions on French data. Our results support the idea that, being embedded in their social environment, CEOs find it more difficult to fire employees closer to their own workplace. This effect is stronger whenever social interactions are less anonymous in the CEOs’ local
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A North-South Agent–Based Model of segmented labor markets: the role of education and trade asymmetries Ind. Corp. Change (IF 2.878) Pub Date : 2024-02-29 Lucrezia Fanti, Marcelo C Pereira, Maria Enrica Virgillito
Drawing upon the labour-augmented K+S Agent-Based Model (ABM), this paper develops a two-country North-South ABM wherein the leader and the laggard country interact through the international trade of machines. The model aims to address sources of asymmetries and possible converge patterns between two economies belonging to a currency union, that are initially differentiated only in terms of the education
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Intangible assets, global value chains, and innovation: evidence from Vietnamese SMEs Ind. Corp. Change (IF 2.878) Pub Date : 2024-02-29 Hung Quang Doan, Francesca Masciarelli, Valentina Meliciani
This paper studies the impact of participation in global value chains (GVCs) on innovation in Vietnamese small and medium enterprises (SMEs). We find that the Vietnamese SMEs that participate in GVCs are more likely to introduce product innovation. We also show that the likelihood of introducing product innovation for firms that participate in GVCs increases when they invest in intangible assets. These
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Hierarchical consumption preferences, redistribution, and structural transformation Ind. Corp. Change (IF 2.878) Pub Date : 2024-02-17 Adam Aboobaker
In low- and middle-income economies, consumption preferences are hierarchical and the production structure is dualistic. Wage demand correspondingly articulates with the domestic industrial sector in a limited fashion. Where capital accumulation is directed at this modern/industrial sector, downward redistributions are less expansionary than commonly outlined, even if capacity utilization is an adjusting
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Co-evolutionary patterns of GVC-trade and knowledge flows in the mining industry: evidence from Latin America Ind. Corp. Change (IF 2.878) Pub Date : 2024-01-30 Fabrizio Fusillo, Silvia Nenci, Carlo Pietrobelli, Francesco Quatraro
Although evolutionary economics has extensively analyzed the evolution of industries in relation to innovation and technology lifecycles, the interplay between industry lifecycles and evolutionary patterns of knowledge networks has not been fully explored yet. This work aims to bridge this gap by analyzing the co-evolutionary patterns of knowledge and trade flows in the mining industry, using social
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Power in sovereign debt markets: debtors’ coordination for more competitive outcomes Ind. Corp. Change (IF 2.878) Pub Date : 2024-01-30 Martin Guzman, Maia Colodenco, Wiedenbrug Anahí
Evidence suggests that sovereign debt markets are not featured by perfect competition but power dynamics are a key determinant of market outcomes such as ex-post returns on sovereign bonds. In such environment, coordination within each side of the market matters. With the purpose of influencing the international debt architecture, private creditors have historically been fairly coordinated and their
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Measuring the macroeconomic responses to public investment in innovation: evidence from OECD countries Ind. Corp. Change (IF 2.878) Pub Date : 2024-01-29 Giovanna Ciaffi, Matteo Deleidi, Mariana Mazzucato
The paper aims to assess the macroeconomic impacts of government investment in Research and Development (R&D) and more generic fiscal policies by quantifying the Gross domestic product (GDP) and business R&D investment multipliers. Following the recent literature on fiscal policy, we combine the Local Projection approach with fiscal shocks estimated using Structural Vector Autoregressive modeling by
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Fiscal transfers and common debt in a Monetary Union: a multi-country agent–based stock flow consistent model Ind. Corp. Change (IF 2.878) Pub Date : 2024-01-29 Alessandro Caiani, Ermanno Catullo
Using a refined version of our multi-country AB-SFC model of a Monetary Union the paper aims at providing a tentative assessment of the economic effects of transforming the European Monetary Union into an Intergovernmental Fiscal Transfer Union (IFTU) with its own fiscal capacity. Countries contribute proportionally to their GDP, whereas funds are redistributed according to a mechanism that gives more
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Regulating short-term rental platforms: the effects of local regulatory responses on Airbnb’s operations in Europe Ind. Corp. Change (IF 2.878) Pub Date : 2024-01-10 Michael Wessel, Maria José Schmidt-Kessen, Philipp Hukal
Many digital platforms offer services that affect real-world socio-economic processes. One example is the impact of short-term rental platforms such as Airbnb or Wimdu on cities and neighborhoods. Because these platforms often operate in a regulatory void characterized by absent, unclear, or poorly enforced laws and regulations, local governments in affected cities have begun experimenting with a variety
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The effect of subsidies on R&D in the financial crisis—the role of financial constraints of firms and banks Ind. Corp. Change (IF 2.878) Pub Date : 2023-12-14 Marek Giebel, Kornelius Kraft
We analyze the effect of subsidies on firm R&D, conditional on firms’ access to external financing during the financial crisis when access to external financing was particularly difficult. Specifically, we determine whether subsidies can mitigate or completely offset the effect of external financing constraints of firms or banks. Financial constraints are considered through (i) firms’ credit ratings
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The sectoral trade losses from financial crises Ind. Corp. Change (IF 2.878) Pub Date : 2023-12-12 Jean-Marc B Atsebi, Jean-Louis Combes, Alexandru Minea
The “Great Trade Collapse” triggered by the 2008-2009 crisis calls for a careful assessment of the trade losses from financial crises. We adopt a more detailed perspective by looking at the response of different types of trade (i.e. consumption, intermediate, capital goods, and business services) following various types of financial crises (i.e. debt, banking, and currency crises) in 41 emerging markets
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Suppliers’ entry, upgrading, and innovation in mining GVCs: lessons from Argentina, Brazil, and Peru Ind. Corp. Change (IF 2.878) Pub Date : 2023-12-12 Carlo Pietrobelli, Beatriz Calzada Olvera, Michiko Iizuka, Caio Torres Mazzi
This paper studies whether the mining sector can represent a true engine of growth for selected Latin American countries through the suppliers’ entry and upgrading within mining value chains. We start by using international trade data to study where mining value is added and how rents are distributed across countries. Despite their importance in the production and exports of copper ores and concentrate
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Employee spinouts along the value chain Ind. Corp. Change (IF 2.878) Pub Date : 2023-12-12 Pamela Adams, Aliasghar Bahoo-Torodi, Roberto Fontana, Franco Malerba
While much of the academic literature on spinouts focuses on new ventures launched by the ex-employees of incumbent firms within the same industry, recent research shows that spinouts may also enter a focal industry from “knowledge contexts” outside of the incumbent industry. In particular, recent studies show that spinouts may enter from both upstream and downstream industries related to a focal industry
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An image of industry: exploring the effects of knowledge sources in the medical imaging industry Ind. Corp. Change (IF 2.878) Pub Date : 2023-12-12 U David Park, Youngsir Rha, Sonali K Shah, Shinjinee Chattopadhyay
Scholars have long been interested in understanding how a firm’s “pre-history” shapes its behavior and performance, with recent scholarship highlighting the fact that industry entrants stem from different knowledge sources. Knowledge sources, the context in which entrants develop the knowledge they bring as they enter an industry, are argued to be important, because they may have differential effects
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Transitioning to sustainable energy by incumbent utilities: insights from M&As, alliances, and divestments Ind. Corp. Change (IF 2.878) Pub Date : 2023-12-11 Eva Niesten, Guillermo Pereira, Jonatan Pinkse
Energy utilities play an important role in transitioning to a sustainable energy industry. Data on 8967 transactions by 19 European energy utilities from 1990 to 2019 illustrate when and how utilities invest in sustainable resources and divest traditional resources such as fossil-fuel plants. Utilities transitioning to sustainable energy have greater financial resources and experience with sustainability
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Testing the waters: founding team composition and search heuristics in academic entrepreneurial ventures Ind. Corp. Change (IF 2.878) Pub Date : 2023-12-07 Jeffrey Savage, Arvids A Ziedonis
Entrepreneurial action often stems from individual judgment about the value potential of market opportunities. Where entrepreneurs direct their search for and evaluate profitable opportunities has long received scholarly consideration. Attention has been increasingly directed toward how search is conducted, with a distinction between “cognitive” search, where actors are driven by a prior belief about
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Entrants heterogeneity, pre-entry knowledge, and the target industry context: a taxonomy and a framework Ind. Corp. Change (IF 2.878) Pub Date : 2023-12-07 Gino Cattani, Roberto Fontana, Franco Malerba
This paper advances a general and unified framework to explain the patterns of entry in an industry. The specificity of a type of entrant is examined based on the match between the entrant’s prior experience, in terms of knowledge endowment, and the target industry context. The knowledge endowment is analyzed by focusing on its content—market, technological, organizational, and scientific—and its generic
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Intellectual monopolies as a new pattern of innovation and technological regime Ind. Corp. Change (IF 2.878) Pub Date : 2023-12-06 Cecilia Rikap
Building on Schumpeter Mark I and Mark II, I propose an additional pattern of innovation and technological regime called the intellectual monopoly (IM) to explain the co-habitation of large incumbent firms with high entry and exit rates and provide evidence for pharmaceuticals and information technologies. I associate the IM pattern and technological regime with corporate innovation systems and illustrate
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Digital technologies, learning capacity of the organization and innovation: EU-wide empirical evidence from a combined dataset Ind. Corp. Change (IF 2.878) Pub Date : 2023-11-17 Nathalie Greenan, Silvia Napolitano
This paper investigates the effects of digitalization and organizational practices on innovation in Europe, between 2010 and 2016. We analyze the cross-country and industry differences in firms’ investments and capabilities to adopt and use new technologies and their effects on innovation outputs. Along with traditional drivers of innovation, such as research and development (R&D) expenditure, two
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Innovation and the labor market: theory, evidence, and challenges Ind. Corp. Change (IF 2.878) Pub Date : 2023-11-17 Nicoletta Corrocher, Daniele Moschella, Jacopo Staccioli, Marco Vivarelli
This paper deals with the complex relationship between innovation and the labor market, analyzing the impact of new technological advancements on overall employment, skills, and wages. After a critical review of the extant literature and the available empirical studies, novel evidence is presented on the distribution of labor-saving automation [namely robotics and artificial intelligence (AI)], based
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Effects of automation on the gender pay gap: the case of Estonia Ind. Corp. Change (IF 2.878) Pub Date : 2023-11-17 Ilona Pavlenkova, Luca Alfieri, Jaan Masso
This paper investigates how investments in automation affect the gender pay gap. The evidence of the effects of automation on the labor market is growing; however, little is known about the implications of automation for the gender pay gap. The data used in this paper are from a matched employer–employee dataset incorporating detailed information on firms, their imports, and employee–level data for
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Routine-biased technological change and employee outcomes after mass layoffs: evidence from Brazil Ind. Corp. Change (IF 2.878) Pub Date : 2023-11-16 Antonio Martins-Neto, Xavier Cirera, Alex Coad
We investigate the impact of “routinization” on the labor outcomes of displaced workers. We use a rich Brazilian panel dataset and an occupation-task mapping to examine the effect of job displacement in different groups, classified according to their tasks. Our main result is that following a layoff, workers previously employed in routine-intensive occupations suffer a more significant decline in wages
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Technological externalities and wages: new evidence from Italian NUTS 3 regions Ind. Corp. Change (IF 2.878) Pub Date : 2023-11-12 Stefano Dughera, Francesco Quatraro, Andrea Ricci, Claudia Vittori
In this paper, we investigate the relationship between local wages and the internal structure of the regional knowledge base. The purpose is to assess if the workers’ compensations are related to the peculiarities of the knowledge base of the regions in which they supply their labor services. The test of this hypothesis is based on the assessment of the impact of related vis-à-vis unrelated knowledge
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Machine learning for zombie hunting: predicting distress from firms’ accounts and missing values Ind. Corp. Change (IF 2.878) Pub Date : 2023-11-03 Falco J Bargagli-Stoffi, Fabio Incerti, Massimo Riccaboni, Armando Rungi
In this contribution, we propose machine learning techniques to predict zombie firms. First, we derive the risk of failure by training and testing our algorithms on disclosed financial information and nonrandom missing values of 304,906 firms active in Italy from 2008 to 2017. We then identify the highest financial distress conditional on predictions that lie above a threshold for which a combination
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Routine regulation as a source for managing conflict within alliances: an integrative framework Ind. Corp. Change (IF 2.878) Pub Date : 2023-10-28 Bryan Spencer, Carlo Salvato, Claus Rerup
Alliance partners must address goal conflicts to improve performance. Structural solutions to conflict emphasize alliance governance mechanisms like contracts, authority, and control structures, overlooking the role of individual actors and thus limiting our understanding of how alliance participants manage conflict. To address this, we introduce the concept of routine regulation and use the Fiat–Tata
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Disruptive evolution: harnessing functional excess, experimentation, and science as tool Ind. Corp. Change (IF 2.878) Pub Date : 2023-10-28 Teppo Felin, Stuart Kauffman
We explore the limitations of the adaptationist view of evolution and propose an alternative. While gradual adaptation can explain some biological and economic diversity, it cannot account for radical innovation (especially during the past 10,000 years). We argue that ubiquitously available but dormant “functional excess” provides the raw material for evolutionary disruptions. Harnessing this excess
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Internal versus external knowledge sourcing of organizational rules: an exploratory study of CPGs in a healthcare organization Ind. Corp. Change (IF 2.878) Pub Date : 2023-10-28 Kejia Zhu, Martin Schulz
In this study, we examine how organizational rules source knowledge. By knowledge sourcing of a rule, we mean the formation of reference ties from the rule to knowledge sources located outside of the focal rule. Rules can source knowledge from sources within the organization (e.g., other rules) and outside (e.g., research publications, policies, standards, etc.). Our theoretical model proposes that
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Organizational routines: between change and stability—Introduction to the special section Ind. Corp. Change (IF 2.878) Pub Date : 2023-10-28 Rouslan Koumakhov, Luigi Marengo
The notion of organizational routine has been at the core of behavioral and evolutionary theories in economics, management and organization studies, but has also been a source of debate and controversy. The discussion has concerned the very definition of what organizational routines are (and are not), their nature, consequences, and units of observation and analysis. In this short introductory article
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Crowdsourcing routines: the behavioral and motivational underpinnings of expert participation Ind. Corp. Change (IF 2.878) Pub Date : 2023-10-28 Mehdi Bagherzadeh, Andrei Gurca, Rezvan Velayati
As different crowdsourcing routines (metaphorically labeled as “fishing” and “hunting” in this study) are available to address highly technical problems, solution-seeking organizations need to mindfully design, select, and deploy crowdsourcing routines that account for the behavior and motivation of experts. Drawing on a survey involving 260 experts in science, technology, engineering, and math fields
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Urban manufacturing and the role of industrial relatedness in sustaining it: the case of the Brussels Capital Region Ind. Corp. Change (IF 2.878) Pub Date : 2023-10-18 Giovanni Bonaccolto, Giulio Pedrini, Giuseppina Talamo
This paper revisits the ongoing discussion on the concept of industrial relatedness by applying it to manufacturing industries in urban areas. The analysis uses a sample of firms operating in the Brussels Capital Region area and observed over the period 2009–2015. Based on a two-step quantile regression, results show that industrial relatedness is the agglomeration force that mostly sustains the performance
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The technological regime and barriers to entry Ind. Corp. Change (IF 2.878) Pub Date : 2023-10-17 Sung Hoon Lee
The impact of the technological regime, defined in terms of appropriability, cumulativeness, and opportunity conditions on firms, has been examined in multiple studies. Within the analysis of technological regimes, firm entry has been of consistent interest due to its implications on competition and how firms may decide to enter an industry. However, studies show that two sources of nonlinearities
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Local government and small business revenue forecasting: evidence from a transition economy Ind. Corp. Change (IF 2.878) Pub Date : 2023-10-09 Bach Nguyen
This study examines the importance of governance quality of local government in small businesses’ future revenue growth forecasting accuracy. Forecasting errors are due to either overestimation or under-estimation. When local governance quality improves, transaction costs are eliminated, boosting firms’ actual performance up to the level forecast, thereby reducing overestimation. Also, when local governance
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Revisiting international knowledge spillovers: the role of GVCs Ind. Corp. Change (IF 2.878) Pub Date : 2023-09-01 Michele Delera, Neil Foster-McGregor
The diffusion of knowledge is an important determinant of economic development. International trade has been established as a key mechanism in facilitating diffusion. The rise of global value chains (GVCs) has transformed trade in recent years. Yet the role of GVCs in giving rise to knowledge spillovers remains under-explored. In this paper, we study the elasticity of industry-level total factor productivity
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What drives network evolution? Comparing R&D project and patent networks in the EU Ind. Corp. Change (IF 2.878) Pub Date : 2023-08-31 İbrahim Semih Akçomak, Umut Yılmaz Çetinkaya, Erkan Erdil, Müge Özman
Collaboration networks are the main mechanisms through which regional innovation capacities are enhanced. These networks have been analyzed by using data either on research projects or patents. However, analyzing only one type of network can limit our understanding of regional innovation dynamics. In this paper, we investigate the drivers of network evolution in two inter-regional network types within
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In search of markets and technology: the role of cross-border knowledge for domestic productivity Ind. Corp. Change (IF 2.878) Pub Date : 2023-08-31 Spyros Arvanitis, Florian Seliger, Martin Woerter
Internationalization of research and development (R&D) is a double-edged sword: on the one hand, it is understood as a driving force of global innovation performance; on the other hand, from a national perspective it is often perceived as a threat to domestic efforts. Against this background, we compare the contribution of domestic and international knowledge sourcing to the productivity of Swiss firms
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Global knowledge flows: characteristics, determinants, and impacts Ind. Corp. Change (IF 2.878) Pub Date : 2023-08-23 Uwe Cantner, Martin Kalthaus, Matthias Menter, Pierre Mohnen
The access and utilization of global knowledge flows are becoming increasingly relevant for individuals, organizations, and countries in order to foster knowledge creation, innovativeness, productivity, and economic growth. The importance of global knowledge flows is undisputed and substantial research has been conducted to understand the different transmission channels. However, the underlying characteristics
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The architecture of global knowledge production – do low-income countries get more involved? Ind. Corp. Change (IF 2.878) Pub Date : 2023-08-21 Uwe Cantner, Thomas Grebel, Xijie Zhang
In this paper, we analyze the extent to which low-income countries integrate into the global knowledge production network. We develop an (undirected) research collaboration model based on which we identify the drivers of global research collaboration using publication data of the field Business and Economics from the Web of Science and macroeconomic data from the United Nations Educational, Scientific
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Innovation on technological “islands”: domain contrast, boundary spanning, knowledge depth and breadth Ind. Corp. Change (IF 2.878) Pub Date : 2023-08-02 Sverre Ubisch, Pengfei Wang
Prior literature has long examined innovation as a recombination process within or across the boundaries of technological domains. However, limited attention is paid to boundaries per se. Building upon recent development of categorical contrast, this study distinguishes domains with crisp boundaries from those with fuzzy boundaries and examines their effects on innovation outputs. Analyzing a large
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Empirical issues concerning studies of firm entry Ind. Corp. Change (IF 2.878) Pub Date : 2023-07-12 Alex Coad, Masatoshi Kato, Stjepan Srhoj
We discuss that entry can be considered from various levels of analysis: entrepreneur-level, firm-level, and also at higher levels of aggregation, such as the industry-level and country-level. We also formulate a list of six challenges for econometric studies of firm entry, highlighting the data sources, typical empirical setups, potential sources of bias, and appropriate econometric techniques. While
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New entrants, incumbents, and the search for knowledge: the role of job title ambiguity in the US information and communication technology industry, 2004–2014 Ind. Corp. Change (IF 2.878) Pub Date : 2023-07-05 Diego Zunino, Bruno Cirillo, Filippo Carlo Wezel, Stefano Breschi
New entrants and incumbent firms rely on new knowledge to innovate and compete in the market. One way to acquire new knowledge is through the recruitment of new employees from competitors, a phenomenon popularly known as “poaching.” Digital labor platforms are widely used by firms for this aim. We argue that job titles represent the first and most visible public source of information about knowledge
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Military spending and innovation: learning from 19th-century world fair exhibition data Ind. Corp. Change (IF 2.878) Pub Date : 2023-06-28 Alexander M Danzer, Natalia Danzer, Carsten Feuerbaum
We provide quantitative evidence on the relationship between military spending and innovation in the 19th century. Combining innovation data from world fairs and historical military data across Europe, we show that national military spending is associated with national innovation toward war logistics such as food processing, but less toward war technology such as guns. This innovation pattern reflects
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Archetypes of product launch by insiders, outsiders, and visionaries Ind. Corp. Change (IF 2.878) Pub Date : 2023-06-28 Shane Greenstein
What archetypes emerge from prominent episodes of product launches? This essay examines a set of episodes in information technology history that led to significant changes in industry leadership. It highlights that, in all of these instances, there is an example of a “visionary” archetype—an individual or a set of leaders who promulgate a unique view for addressing a business opportunity, which they
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Political discretion and risk: the Fukushima nuclear disaster, the distribution of global operations, and uranium company valuation Ind. Corp. Change (IF 2.878) Pub Date : 2023-06-27 Murod Aliyev, Timothy Devinney, Andrew Ferguson, Peter Lam
This paper investigates the relationship between political constraint and investor perception of policy risk using an analysis of the reaction of Australian and Canadian uranium company stocks to the Fukushima nuclear disaster in 2011. Our dataset traces 933 projects of 322 uranium firms located across 36 countries and posits a U-shaped relationship between political constraint and investor perceptions
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Pre-entry knowledge base complexity and post-entry growth: evidence from Italian firms Ind. Corp. Change (IF 2.878) Pub Date : 2023-06-26 Marco Guerzoni, Massimiliano Nuccio, Federico Tamagni
Knowledge is largely recognized as a key driver of survival and growth of new entrants. Previous literature on the role of pre-entry knowledge in post-entry performance has focused on entrepreneurial and managerial capabilities and education and on knowledge incorporated in material and immaterial resources. In this paper, taking to the firm level the intuition behind the notion of economic and technological
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The organization of R&D work and knowledge search in intrafirm networks Ind. Corp. Change (IF 2.878) Pub Date : 2023-06-26 Manuel Gomez-Solorzano, Giuseppe Soda, Marco Furlotti
This study investigates the effects of the organization of industrial Research & Development on industrial researchers’ knowledge acquisition behavior. Specifically, we test a model about how the fit of individuals with their research tasks affects whether industrial researchers acquire knowledge from outside their assigned projects. Empirical analyses from the R&D laboratory of a global pharmaceutical
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Communication costs in science: evidence from the National Science Foundation Network Ind. Corp. Change (IF 2.878) Pub Date : 2023-06-24 Ezra G Goldstein
How do communication costs affect the creation of scientific output? This study examines changes in scientific output and citation patterns following an institution’s connection to the National Science Foundation Network (NSFNET), an early version of the Internet. Established in 1985 to connect five NSF-sponsored supercomputers, the NSFNET national internet backbone quickly expanded to universities
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Short-term economic dynamism as a policy tool to address supply shortages during crises Ind. Corp. Change (IF 2.878) Pub Date : 2023-06-24 Nikhil Kalathil, Granger M Morgan, Erica R.H Fuchs
This paper investigates the role of short-term economic dynamism in responding to crisis induced supply shortages. We focus on the domestic manufacturing ramp-up of surgical masks, respirators, and their intermediary products in response to the COVID-19 pandemic. We develop a novel method for timely identification and validation of the evolving state of domestic manufacturing. To unpack the activities
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The organizational and technological origins of the U.S. shale gas revolution, 1947 to 2012 Ind. Corp. Change (IF 2.878) Pub Date : 2023-06-19 Rahul Kapoor, Johann Peter Murmann
We explore the origins and the development of hydraulic fracking technology that made possible United States’ unexpected rise as a top producer of oil and gas. As hydraulic fracking was first used extensively to produce shale gas and only later to produce shale oil, we focus on analyzing what is often referred to as the “shale gas revolution.” We trace how the shale gas ecosystem evolved, what role
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Peer Effects in Productivity and Differential Growth: A Global Value-Chain Perspective Ind. Corp. Change (IF 2.878) Pub Date : 2023-06-08 Philipp Mundt, Ivan Savin, Uwe Cantner, Hiroyasu Inoue, Simone Vannuccini
Using multinational input–output data, we analyze how the productivity of countries adjusted for participation in global value chains affects their output growth in manufacturing sectors. Based on parametric and non-parametric methods, we find that value-chain linkages are critical to the productivity–growth nexus and help to explain cross-country differences in sectoral output growth rates compared
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The mining sector: profit-seeking strategies, innovation patterns, and commodity prices Ind. Corp. Change (IF 2.878) Pub Date : 2023-06-08 Beatriz Calzada Olvera, Michiko Iizuka
Innovation in the mining sector is crucial for industrial, economic, and sustainable development, particularly for developing economies. It is important to understand the factors that stimulate innovation in this sector to upgrade productivity and growth. In the mining sector, innovation is driven by profit structure, which in turn depends strongly on commodity prices. We hypothesize two innovation
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Outside In: challenges for evolutionary studies on entry Ind. Corp. Change (IF 2.878) Pub Date : 2023-05-25 Gianluca Capone
This short note reviews the evolutionary modeling literature focusing on the specific topic of entry of new firms. A large variety of choices have been employed to model entry, often motivated by the need to keep the model simple and comprehensible. Entry is more subject to simplification pressures than other elements of industrial dynamics because a deeper treatment of the phenomenon requires the
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Exploration, exploitation, and mode of market entry: acquisition versus internal development by Amazon and Alphabet Ind. Corp. Change (IF 2.878) Pub Date : 2023-05-19 Gwendolyn K Lee, Marvin B Lieberman
Research on the tension between exploration and exploitation has made fundamental contributions to our understanding of firm growth via entry into new businesses. While there is consensus about the merits of balancing exploration and exploitation, there has been debate about the best means for achieving balance. In our prior analysis of firms’ choices between acquisition and internal development as
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Mind the time: failure response time, variations in the reasons for failures, and learning from failure Ind. Corp. Change (IF 2.878) Pub Date : 2023-05-16 Arusyak Zakaryan, Daniel Tzabbar, Bruno Cirillo
How does a firm’s response time to past failures affect its likelihood of experiencing future failures? Does this likelihood depend on the reasons for past failures? Using drug recalls during 2006–2016, we examine the effect of pharmaceutical firms’ response time to their past failures on their learning from failure. Longer response times reduce the likelihood of subsequent failure. Variations in the
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Organizational team formation: projects, structures, and transactive memory Ind. Corp. Change (IF 2.878) Pub Date : 2023-05-11 Seungho Choi, Kent Miller
Team formation brings together organizational members with complementary capabilities to address projects. This study examines how project-based organizations form teams in response to an ongoing stream of different projects. We consider team formation a phenomenon shaped by organization structure, project attributes, and learning from project experience. We address the effects of two alternative organization
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Is the “sailing-ship effect” misnamed? A statistical inquiry of the case sail vs steam in maritime transportation Ind. Corp. Change (IF 2.878) Pub Date : 2023-04-07 Nicola De Liso, Serena Arima, Giovanni Filatrella
Improvements experienced by incumbent “old” technologies when threatened by new ones, potentially supplanting them, are often addressed as the “sailing-ship effect.” The latter phrase points to the eponymous case that consists of the 60-year or so technological battle between sail and steam in ships’ propulsion during the 19th century, which led to unexpected large advancements in sail technology.
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Off the mark? What we (should) know about the bright and dark sides of corporate trademark practices Ind. Corp. Change (IF 2.878) Pub Date : 2023-04-03 Carolina Castaldi
Corporate trademark practices play a key role in the intangible reputation-based economy and are increasingly being scrutinized by societal stakeholders. Yet, research on the effects of trademarks has mostly focused on private returns, while insights on their societal returns are scattered and resting on limited empirical evidence. This study integrates existing research in a framework connecting suggested