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.
•Put forward the concept of knowledge digitization.•It can drive the progress of knowledge management.•Demonstrate the characteristics, role of knowledge digitization.
The expansion of application ...scenarios of digital technologies in enterprises has induced new changes in knowledge management approaches. The purpose of this study is to investigate the mechanism and impact of knowledge digitization (KD) on the innovation performance (IP) of companies. The study proposes the concept of KD, which is considered to be characterized by codability, convergence and generativity. 238 Chinese furniture enterprises with digital foundation are surveyed and hypotheses are tested through structural equation modeling. The results suggest that the characteristics have a positive impact on IP. And knowledge advantage (KA) plays a mediating role between KD and IP. In addition, this finding helps to consolidate the research on digital technology and knowledge management and remedy the lack of information on the role of KD. Meanwhile, it provides the direction of improvements and references for knowledge-intensive industries to promote digital transformation, implement KD strategies, and gain competitive advantages.
This study investigates whether early mover (dis)advantages are valid in the blockchain industry. Specifically, it examines how the entry timing of a startup in the blockchain industry affects its ...funding attraction from venture capitals and innovation performance. Moreover, this study examines whether the startup’s knowledge spillover activities moderate the relationship between its entry timing and subsequent performance. An empirical analysis is conducted on 255 startups in the blockchain industry founded between 2007 and 2016. The results show that while early mover advantages exist in terms of funding attraction from venture capitals, the entry timing and innovation performance have an inverted U-shaped relationship, as expected. Knowledge spillover activities of blockchain startups positively moderate the relationship between the entry timing and the venture capital attraction. Managerial and theoretical implications for the blockchain industry are discussed.
Supported by preferential policies and government funding, the technological innovation of China’s photovoltaic industry has been improved greatly. As a capital-intensive practice, will innovation ...activities in China’s photovoltaic industry be affected by the continuous decline of government subsidies in recent years? Therefore, it is essential to study the relationship between government subsidies and innovation performance of Chinese photovoltaic industry. However, there is less empirical research on this topic. In this context, this study aims to supplement existing studies by proposing a micro-level perspective to measure the innovation performance based on the data of Chinese listed photovoltaic companies from 2012 to 2016. Moreover, we assess the effects of government subsidies and other influencing factors on innovation performance. The findings reveal that, firstly, the average innovation efficiency of Chinese listed photovoltaic companies is over 0.9, which is relatively high. Secondly, government subsidies make a positive influence on innovation performance. Thirdly, financial leverage and ownership concentration have significant positive impacts, while firm size has a significant negative effect on the innovation efficiency of China’s photovoltaic industry. The findings will serve as a reference for policy-making to promote further technological progress and sustainable development of China’s photovoltaic industry.
•This paper estimates the innovation performance of China’s photovoltaic industry based on the micro perspective.•This paper conducts a comprehensive analysis by a two-stage DEA-Tobit model.•The overall innovation efficiency of Chinese photovoltaic enterprises is high relatively but still has progress potential.•Government subsidies make a positive influence on technological innovation efficiency of China’s photovoltaic industry.•The findings will serve as a reference for policy-making of government and enterprises.
•Innovation performance creates competitive advantage for innovation ecosystems.•Knowledge-based dynamic capabilities (KBDC) are drivers of innovation performance.•KBDC consist of knowledge creation, ...-diffusion, -absorption and -impact.•Knowledge creation is the strongest predictor of innovation performance.•An innovation ecosystem framework centered around KBDC is proposed.
This study operationalizes the knowledge-based dynamic capabilities (KBDC) that act as drivers of innovation performance in innovation ecosystems, across different market economies. Innovation ecosystems facilitate the flow of resources to transform ideas into reality. In turn, KBDC provide a means to create and share expertise, which contributes to the diversification of the economy, and allow businesses to reach beyond their own boundaries to create value for customers in new ways. Employing partial least squares path analysis, four constructs, namely knowledge creation, knowledge diffusion, knowledge absorption and knowledge impact, are comparatively analyzed. Across all four constructs, knowledge creation is the biggest driver of innovation performance, and the strongest predictor of innovation performance in developed and developing market economies. Knowledge absorption is the strongest predictor of innovation performance in transition economies. A KBDC-centered innovation ecosystem framework is proposed to highlight the innovation performance and competitive advantage inherent in each knowledge-related capability.
Insurers are well versed in the litany of challenging conditions facing the sector. These challenges are economic, political, regulatory, legal, social, and technological. As a result of those ...pressures, the industry is experiencing increasing competition, muted growth, and an excess of capital. The increased connectivity among household and workplace devices, the development of autonomous vehicle and the rising threat of cyber attacks are transforming the way people live and risk they need to mitigate with insurance products. Insurers need to adopt their business models address the changes which can be threatening to the growth of the industry (Deloitte, 2017). Innovation is widely regarded as pinnacle success factor in highly competitive and global economy. An innovation perspective draws a clear picture of future opportunities that lie ahead. The main purpose of this paper is to explore the relationship among innovations capability, innovation type and on the different aspect of firm performance including innovation, market and financial performance based on an empirical study covering insurance industry in Sri Lanka. The research framework developed in this study was tested 379 senior managers of insurance companies. The empirical verification of assumption of this model has given evidence to confirm the relationship between innovation capabilities; innovation efforts and firm performance are significant and strong. The results of this study could lead effective management of innovation capability which helps to deliver more effective innovations outcomes to generate better performance and it would be benefits for management of the insurance companies.
•The open innovation (OI) paradigm has developed a large epistemic community.•We contend that OI has its foundations in the Intellectual Capital (IC) theory.•An OI/IC integrative framework is ...proposed.•An analysis of data from 3744 manufacturing Spanish firms supports the framework.
Intellectual capital (IC) is among the most long-lived topics in managerial literature. More recently, the emergence of the open innovation (OI) paradigm has encouraged the understanding that firms should collaborate with other organizations to leverage their own R&D capabilities. We propose that these two streams of managerial literature should join forces since the OI paradigm could be considered an approach to innovation with foundations in relational capital, facilitated by an appropriate level of human and structural capital. Surprisingly, only a few researchers have put IC and OI into relation. Therefore, this paper has two main goals: providing a theoretical model that synoptically presents how IC and OI overlap and testing the theoretical model by analyzing how firms’ IC affects OI-related performance. We analyze a sample of 3744 Spanish firms. We find that the three IC constructs positively affect OI performance, with relational and human capital subject to diminishing returns.
Innovation is attracting increasing attention from public authorities, enterprises, and academics. Although emerging evidence has indicated that marketing innovation should be regarded as critical as ...technological innovations for enhancing companies' competitiveness, few studies have considered this topic.
This study aims to address this gap by examining the role of marketing innovation in the relationship between technological innovation and innovation success and failure. This study analyses the 2010–2012 Community Innovation Survey sample of German enterprises by using a double hurdle model and a probit model with sample selection. The results show that when enterprises undertake a technological innovation, introducing a marketing innovation is observed not to play a significant role regarding innovation success and failure. Notably, when the four types of marketing innovations are disentangled in the analysis, new findings emerge. Innovation in product packaging and design is positively related to innovation success. Innovation in product promotion is negatively related to innovation success and positively related to probability of innovation failure. Academics are called to study the role of marketing innovation, regarding innovation success and failure, by devoting their attention to the level of each marketing innovation. Enterprises should then carefully consider which marketing innovation should be introduced.
•Innovation in product packaging and design is positively related to innovation success.•Innovation in promotion is negatively related to innovation success and it is positively related to innovation failure•Treating marketing innovations as similar innovations that lead to similar consequences could be misleading
In recent decades, substantial progress and expansion in the literature on Green Innovation Performance (GIP) has been made. This phenomenon broadens its effectiveness in addressing ecological ...challenges and significantly contributes to developing sustainable products and processes. The primary aim of this article is to provide a comprehensive examination of GIP approaches and to do a systematic literature review (SLR) to assess relevant articles. A bibliometric study is conducted. The search was performed using various keywords in the Scopus database. The discovered records were digitized and improved, resulting in a total of 69 documents. A study has been undertaken using the Biblioshiny web app to examine famous authors, significant journals, contributing institutions, and the most often-used terms in titles and keywords. This study examines the phenomenon of Green Product Innovation (GPI), Green Process Innovation (GPcI), and Green Competitive Advantages (GCA) inside manufacturing firms. The analysis includes the period from 2002 to 2022. The articles were classified based on their specific study domains, including many organizations. This research specifically focuses on the relationship between GIP and GCA, using a limited number of research papers as the basis for analysis. An evaluation of innovation's impact within the same field of study might be interesting. Instead of concentrating on the Scopus database scenario of this research, scholars may also need to use various keywords to examine other databases. The study concluded that the journals with the highest frequency of GIP and GCA-related publications were Sustainability (Switzerland), the International Journal of Supply Chain Management, and the Journal of Cleaner Production. The density mapping of the co-authoring network of researchers was conducted using the VOS viewer software. This study provides recommendations and discourse on prospective methods for future research. Universities, organizations, and business entities might get significant advantages by using these essential assessments for research.
Innovatively departing from conventional methodologies such as questionnaires, interviews, or text analysis, this study introduces a single-gender speech personality measurement approach to identify ...extraversion traits in executives from a speech perspective. Central to the research is how executive extraversion influences firm innovation performance. The research samples are derived from the audio recordings of performance conference communication calls held by Chinese listed companies on the Wind 3C conference platform. Through hierarchical regression analysis, empirical results demonstrate an inverted U-shaped relationship between executive extraversion and firm innovation performance (measured by R&D personnel input, R&D expenditure, and patent applications). The study also reveals that situational factors, including the proportion of shareholding by pressure-resistant institutional investors, incentive compensation, and equity concentration, significantly moderate the inverted U-shaped relationship. This research provides compelling evidence of the importance of executive extraversion in firm innovation performance and offers a new perspective on the mechanisms through which executive extraversion influences firm innovation performance. The single-gender speech personality recognition method allows researchers to effectively utilize executives’ speech information in the big data era. The research viewpoint and findings contribute beneficially to the Upper Echelons Theory and offer actionable insights for leveraging executive traits to bolster innovation.
•The impact of executive extraversion on firm innovation performance is analyzed.•Extraversion traits in executives is recognized from conference communication calls.•Innovation performance is measured from innovation input and output perspectives.•The moderation effect test and robustness test are conducted.
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