We examine whether and how CEO foreign experience affects firm’s green innovation. Using a sample of Chinese public companies and hand-collected CEO foreign experience data, we document a positive ...association between CEO foreign experience and corporate green innovation. Furthermore, consistent with the view that CEOs with foreign experience would play a more significant role when provided with more resources, we find that the positive relationship is more pronounced in less financially constrained firms, in state-owned enterprises, and in less competitive industries. Additional analyses indicate that enhanced environmental ethics and general competency are two potential mechanisms through which CEO foreign experience affects corporate green innovation. Finally, we find that CEO foreign experience is positively related to green innovation quality and internationalization. Collectively, these findings suggest that CEO foreign experience is a significant factor for corporate green innovation in emerging markets.
Research on open source software, user innovation and open innovation have increasingly emphasized the role of communities in creating, shaping and disseminating innovations. However, the ...comparability of such studies has been hampered by the lack of a precise definition of the community construct. In this paper we review prior definitions (implicit and explicit) of the community construct, and other suggestions for future research.
Renewable energy technology innovation can benefit the environment by promoting green productivity, as proposed by existing theoretical studies. However, recent uneven developments of both ...environmental performance and renewable energy technology among regions in China remind us to revisit the above theoretical link. In this paper, we relax the hypothesized homogeneity and linearity in traditional empirical models to investigate the effects of renewable energy technology innovation on China's green productivity. The results of the partially linear functional-coefficient models show that the effect of renewable energy technological innovation on green productivity is significant only when the relative income level of a province passes a critical turning point. Beyond the turning point, such an effect increases with the growth of relative income levels. Finally, we provide provincial specific policy implications based on the estimated nonparametric relationship between renewable energy technology innovation and green productivity.
•The PLFC model is employed to explore the heterogeneous effects of RETI.•The income level shapes the relationship between RETI and green productivity.•The positive role of RETI is found in China's well-developed provinces.
This manuscript delineates technological innovation into the separate dimensions of novelty and meaningfulness to examine how a firm’s organizational learning modes of adaptive learning and ...experimental learning, together with unabsorbed slack resources, influence the effects of novelty and meaningfulness on firm financial performance. The multi-method empirical approach leverages secondary data from firm patent information and COMPUSTAT, and primary data from senior executives at 167 firms in various high-tech industries. The results indicate that adaptive learning heightens meaningfulness but diminishes novelty, whereas experimental learning harms meaningfulness. Additionally, firms’ unabsorbed slack resources moderate the relationships of experimental and adaptive learning with novelty. In particular, experimental learning enhances novelty only when a firm has sufficient unabsorbed slack to adjust resource levels in accordance with experimentation. Further, the results suggest that meaningfulness increases firm financial performance as represented by Tobin’s q, both independently and jointly when considered with novelty. These insights underscore the necessity of treating novelty and meaningfulness as separate dimensions of technological innovation that impact firm performance.
The economics of medical procedure innovation Dranove, David; Garthwaite, Craig; Heard, Christopher ...
Journal of health economics,
January 2022, 2022-01-00, 20220101, Letnik:
81
Journal Article
Recenzirano
This paper explores the economic incentives for medical procedure innovation. Using a proprietary dataset on billing code applications for emerging medical procedures, we highlight two mechanisms ...that could hinder innovation. First, the administrative hurdle of securing permanent, reimbursable billing codes substantially delays innovation diffusion. We find that Medicare utilization of innovative procedures increases nearly nine-fold after the billing codes are promoted to permanent (reimbursable) from provisional (non-reimbursable). However, only 29 percent of the provisional codes are promoted within the five-year probation period. Second, medical procedures lack intellectual property rights, especially those without patented devices. When appropriability is limited, specialty medical societies lead the applications for billing codes. We indicate that the ad hoc process for securing billing codes for procedure innovations creates uncertainty about both the development process and the allocation and enforceability of property rights. This stands in stark contrast to the more deliberate regulatory oversight for pharmaceutical innovations.
Digital technology usage has been extensively studied in academic research and industry. A deeper look at firm performance shows that digital transformation strategy and organisational innovation are ...facilitated by digital technology usage. This study further examined the mediating effects of digital transformation strategy and organisational innovation on the relationship between digital technology usage and firm performance. An empirical study was performed based on a survey of supervisors from financial industries in Taiwan. Two hundred twenty-seven companies responded to the questionnaires. The findings indicated that digital technology usage has positive influences on digital transformation strategy and organisational innovation, which in turn influence firm performance. Furthermore, digital transformation strategy and organisational innovation played full mediating roles between digital technology usage and firm performance.
•Investigates the impact of buyer innovation on supplier innovation.•Uses a quantitative empirical design with information on direct linkages between suppliers and buyers.•Documents a positive effect ...of buyer innovation on supplier innovation.•Finds that knowledge spillovers are positively moderated by the duration of the buyer–supplier relationship.•Finds no evidence that knowledge spillovers increase with technological proximity.
In addition to internal R&D, external knowledge is widely considered as an essential lever for innovative performance. This paper analyzes knowledge spillovers in supply chain networks. Specifically, we investigate how supplier innovation is impacted by buyer innovation. Financial accounting data is combined with supply chain relationship data and patent data for U.S. firms in high tech industries. Our econometric analysis shows that buyer innovation has a positive and significant impact on supplier innovation. We find that the duration of the buyer–supplier relationship positively moderates this effect, but that the technological proximity between the two firms does not have a significant effect on spillovers.
Analyses in the fields of environmental and innovation research have hindered our understanding of the real effects of external drivers of firms' green innovation and sustainability behaviors on ...financial performance. This study compares the ways in which two different external factors drive firms to be green innovative: environmental regulation and market turbulence. By dividing green innovation into green process innovation and green product innovation, we propose that environmental regulation increases financial performance mainly through green process innovation rather than through green product innovation, and market turbulence affects financial performance mainly through green product innovation rather than through green process innovation. The results of an empirical analysis based on a mediation model and panel data on 472 Chinese listed firms for 2006–2017 lend support to our hypotheses. Our study contributes to the green innovation management and sustainability literature by offering a holistic framework for examining how firms pursue green innovation and sustainability in response to two different forms of external pressure.
What role do users play during innovation? Ever since it was argued that users can also be the sources of innovation, the literature on the role of users during innovation has grown tremendously. In ...this article, the authors review this growing literature, critique it, and develop some of the research questions that could be explored to contribute to this literature and to the theoretical perspectives that underpin the literature.
Strong interaction of innovative actors within a local network is commonly said to increase the region-specific knowledge-stock, leading to a comparative advantage. However, it might also lead to a ...lock-in situation if local trajectories are directed towards inferior solutions. Accordingly, it is argued that successful clusters are characterised by the existence of gatekeepers, i.e. actors that generate novelty by drawing on local and external knowledge. We apply social network analysis based on patent data to analyse structural differences between the innovation systems of four East German regions and study the characteristics of gatekeepers therein. The regional networks appear to be significantly different with respect to the degree of interaction and with respect to their outward orientation. Concerning the characteristics of gatekeepers, we find that absorptive capacity is more important than size. Public research organisations serve the functions of a gatekeeper to a higher degree than private actors.
PDF
