Technology merger and acquisition (M&A) is an important way for companies to enhance their innovation capabilities, and it is important to clarify the factors that affect the innovation performance ...of technology M&A. Existing studies only focus on the association between individual factors and technology M&A innovation performance, lack comparative analysis of different dimensions. Additionally, most studies discuss within-sample prediction results, whose findings may not be applicable to the full sample. Based on ensemble learning approaches in machine learning, we discuss the differences in the predictive power of multidimensional influence factors on the technology M&A innovation performance, and then identify the main factors and the variables with the strongest predictive power. It is found that: (i) the M&A motivation of the acquirer is the most significant factor affecting the innovation performance of technology M&A; (ii) AdaBoost has the strongest explanatory power and the highest predictive accuracy among traditional machine learning approaches; (iii) among the multidimensional feature variables, the total asset turnover, overhead rate, executive compensation ratio, industry-wide misvaluation, average R&D investment ratio, average R&D staff number ratio, corporate risk-taking level, analyst attention, and media attention have the best predictive effect on technology M&A innovation performance. Ensemble learning approaches have better out-of-sample generalization and can identify key influencing factors by comparing multiple dimensions in the performance of technology M&A innovation prediction.
The studies on product innovation performance (PIP) are not conclusive. In this paper, we use a mixed methods approach to fill this gap. First, we use structural equation modeling to determine the ...antecedents to PIP and whether a manager's training level moderates the relation between the antecedents and PIP. Second, we apply a fuzzy-set qualitative comparative analysis (fsQCA) to identify alternative configurations that lead either to PIP or its absence. The sample comprises data from an online survey of 367 certified innovative Portuguese small and medium enterprises. The results show that the antecedents to information technology support and knowledge sharing positively affect an organization's learning capacity that in turn positively affects PIP. No evidence exists for the moderating effect of the training level. The efficiency of PIP positively affects its efficacy. Alternative configurations exist that lead to the presence or absence of this efficacy.
•IT support and knowledge sharing add to a firm's organizational learning capability.•Organizational learning capability contributes to product innovation performance.•Product innovation performance has two dimensions: efficiency and efficacy.•Alterative paths exist to the efficacy of product innovation performance.•Alterative paths lead to the absence of efficacy in product innovation performance.
•Does digital leadership capability enable companies to innovate?•Digital leadership and platform digitization as two critical IT capabilities.•Mixed-methods approach: A multiple case study of 10 ...European companies.•A quantitative study on a sample of 117 European firms.•Digital leadership improves innovation by digitalizing the firm's platform.
Following a mixed-methods approach, we theorized that digital leadership influences innovation performance by digitalizing the firm's platform. A multiple case study of ten companies was deployed to derive a theoretical model relating digital leadership and innovation performance. The resulting model was empirically tested on a sample of 117 European firms. We find that digital leadership improves a firm's innovation performance by digitalizing the firm's platform. We contribute to IS research by theoretically developing the concepts of digital leadership capability and platform digitization capability and empirically analyzing the relationship of these two critical IT capabilities and their impact on innovation performance.
The purpose of the study was to assess the impact of innovation on business performance of informal small business traders in Zimbabwe. The Open Theory of Innovation informed the study whilst data ...for the study was gathered using structured questionnaires where 175 informal small to medium enterprises (SME) offered validated responses. A causal, quantitative approach was assumed and data was analyzed using SPSS 22 software to identify the association, strength and direction of innovation and innovation determinants on SME performance. The results revealed that innovation is determined by product, process, marketing and organisational factors. The study thus found out that product innovation, process innovation and marketing innovation have strong positive association with SME performance (P < 0.05). However, the study found an insignificant association between organisational innovation and SMEs performance. The study thus concluded that for informal SMEs to enhance their performance and graduate from being small entities to large corporates, they should embrace product innovation, process innovation and marketing innovation.
Many scholars have suggested that both total quality management (TQM) and organizational learning can individually and effectively promote innovation. However, the question remains as to whether a ...relationship exists between TQM and organizational learning. This study has three main goals: (1) to determine the relationships between TQM, organizational learning, and innovation performance; (2) to determine if organizational learning fosters innovation performance and plays a mediating role between TQM and innovation performance, and (3) to test a proposed model explaining the relationships among TQM, organizational learning, and innovation performance through empirical examination.
Using a self-administered survey to sample Taiwanese high-tech industry companies, this study examines four hypotheses and tests the proposed model. The principal findings of this study are as follows; (1) SEM analysis shows that the TQM-organizational learning-innovation performance model has goodness-of-fit, (2) TQM has significant and positive effects on organizational learning, and (3) TQM and organizational learning have both significant and positive effects on innovation performance.
•We use DEA in a novel way to help extend a debate in environmental policy.•DEA is used to capture flexibility of environmental regulations•Innovation influences financial performance if ...environmental regulations are flexible.•Firms that face less flexible regulations are not so effective.
Operational research models have been employed to understand development issues associated with environmental sustainability. This article describes a novel application of data envelopment analysis (DEA) to help extend a specific debate in the literature on Porter's hypothesis in environmental policy. The debate deals with the impact of flexibility of regulations on the relationship between innovation capabilities on financial performance in organisations. Using the resource based view of a firm, we hypothesise that relationship between innovation capabilities and financial performance in firms depends on how flexible or inflexible environmental regulations are. We apply DEA to capture the flexibility of environmental regulations. Our results indicate that innovation capabilities significantly influence financial performance of firms if firms feel that the environmental regulations they face are flexible and offer more freedom in meeting the requirements of regulations. On the other hand, corporations that feel that they face more inflexible regulations are not so effective in improving their financial performance with their innovation capabilities.
In attempting to integrate theory on developed and emerging countries, prior research has focused on the antecedents of specific internationalization decisions of Emerging Multinational Enterprises ...(EMNEs) rather than conceptualizing internationalization as a recurring process. This approach limits the understanding of the ways through which different internationalization paths lead to different performance outcomes. Using a geographic relational approach and a portfolio-level analysis, we demonstrate that the ability of Chinese EMNEs to increase innovation performance is driven by how and where they choose to internationalize over time. Our framework resolves these two strategic choices into six dimensions; namely, entry mode, geographic breadth and depth, cultural and institutional distance, and the economic state of the host country. Accordingly, it explains the geographic relational mechanisms through which these six dimensions influence the benefits and challenges of internationalization and, in turn, innovation performance. Results show that Chinese EMNEs improve their innovation performance where they have a portfolio of subsidiaries that (1) is built through M&As (rather than greenfield investments), (2) is distributed across multiple countries (rather than located in fewer locations), (3) is distant from home in terms of culture (but not in terms of institutions), and (4) is located in emerging (rather than developed) countries, although M&As perform better in developed countries.
Most traditional industries in China have reached a mature or declining stage, and their core competitiveness has declined compared to developing industries in the recent past. The paper studied the ...impact-mechanism of “Internet +” and verified its impacts on enterprise innovation performance. The data of 1040 traditional Chinese enterprises from 2011 to 2019 listed on the Shanghai and Shenzhen stock exchange were obtained from their annual reports by text-mining method. The purpose of these enterprises' selection was their present transformation of traditional Chinese enterprises from resource-driven to innovation-driven development strategy. The study employed poison-regression model to investigate the relationship of independent variables with innovation performance of these firms. In addition, we employed bootstrap method for validity of indirect effect. Based on the empirical evidence, we found that the “Internet +” significantly affects the innovation performance of traditional Chinese enterprises by influencing the organization's innovation elements, corporate governance structure, and corporate culture. The results do not change when we apply alternative variables in the model, which shows strong robustness. The findings of this research will help promote the deep integration of the internet in the real economy and promote more effective implementation of the “Internet +” national strategy in traditional enterprises.
•The impact of “Internet +” on innovation performance is empirically measured in China.•“Internet +” policy improved innovation elements, governance structure, and corporate culture.•The direct and indirect effects of “Internet +” on innovation performance have been estimated.•Through bootstrap method, the validity of indirect effect is verified.
Within a constantly evolving technological environment, it is imperative for innovative organizations to be able to successfully respond and adapt to environmental changes. To achieve this, they must ...have the ability to efficiently and timely modify their innovation resources by divesting and reorganizing them, even if these are their core ones. Although divestiture of core innovation resources is an important managerial phenomenon, the literature is rather silent on this issue. To address this significant gap, this study examines how the abandonment of core knowledge areas is related to innovation performance and how this relationship is moderated by absorptive capacity. Two hypotheses are developed about these research questions and tested on a sample of firms from the pharmaceutical, biotechnology, and chemical industries. Findings suggest that the abandonment of core knowledge areas is a negative predictor of innovation performance; however, when the abandonment interacts with absorptive capacity the effect becomes positive.
•A theory of business value of IT.•Empirical study on a sample composed of 100 small firms.•IT infrastructure enables firms to explore and exploit knowledge to innovate.•Social media play a role of ...complementary IT capability on this equation.
This study examines the impact of information technology (IT)-enabled knowledge ambidexterity on innovation performance, and the potential moderator role of social media capability on a sample composed of 100 small U.S. firms. The empirical analysis suggests that IT infrastructure enables the firm to explore new knowledge and exploit existing/new knowledge to innovate more and better. We also find that social media capability has a positive moderator role in this equation: IT infrastructure and social media capabilities work together to enable knowledge ambidexterity.
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