The influence of innovation governance in the public sector on private sector innovativeness [Elektronski vir]Ropret, Marko, 1982- ; Aristovnik, Aleksander ; Mencinger, JernejThe paper was motivated by the lack of comprehensive studies simultaneously evaluating the influence of (1) the private and (2) the public sector's governance factors on a firm's innovation results. ... Therefore, our study aims is to contribute scientific evidence regarding the extent to which public sector governance factors (compared to private sector ones) foster a firm's innovation results. Our research was guided by the main research question: How strongly do the (1) private and (2) public sector governance factors influence a firm's innovation results? The relevance of the research question was accompanied by the challenging task of how to encompass the data on private and public governance as holistically as possible. We overcame this challenge by applying recent Global Competitiveness Index data in an original way, enabling us to rank the factors by importance (influence on innovation results compared to firms' internal factors). The results of the linear regression analysis performed interestingly showed the public governance factors had a considerably weaker influence on innovativeness than the firms' own private governance factors. In fact, the influence of the private governance factors (sophistication of business processes, on-the-job training, efficient use of talent) on the firms' innovation results (R&D & Innovation capacity) was significant and strong, while the public governance factors (public administration institutions' performance, primary education, quantity and quality of higher education) also showed a statistically significant influence, albeit a weak one. The fact the public governance factors had a lower influence of course does not mean that state institutions do not play any important role in fostering firms' innovations. Moreover, it should be noted that while the institutional role is important, at the same time it has its own limitations. We live in a globalized world, characterized by strong international competitors and market forces which dictate to firms what to innovate and which capabilities are then needed. In such conditions, institutions can primarily have a supportive role (e.g. through state co-funding, transparent law & administrative procedures, intellectual property protection mechanisms, and a proper education system), but not the role of intervening in what and how something should be produced. Contemporary public governance recognizes the need for systemic, inclusive and holistic approaches instead of autocratic, self-sufficient operations. Contrary to the traditional 'old' public administration, this entails a move away from traditional, autocratic forms of organization and centralized power. As underlined by the modern dynamic capabilities theory, it is chiefly the role of the firm to ensure its competitive advantage by way of transforming its internal fundamental capabilities. This study provides guidance on such efficient use of institutional and internal resources, which proves to be particularly important due to the effects of the economic crisis. Moreover, it provides researchers with valuable insights into the importance of further systemic studies that encompass both institutional and firm innovation factors.Vrsta gradiva - prispevek na konferenciLeto - 2017Jezik - angleškiCOBISS.SI-ID - 5061294
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