Suchergebnisse

Purpose
The purpose of this paper is to test the existence of true persistence in the generation and adoption of product innovations in the context of a developing country.


Design/methodology/approach
A dynamic probit model with random effects is used to test true persistence relying on a panel data set constructed from three waves of the Colombian innovation survey (Encuesta de Desarrollo e Innvovación Tecnológica) covering the time span from 2003 to 2008.


Findings
This paper empirically shows the existence of true innovation persistence for two of the three types of product innovation studied: the adoption of product innovation that is new to the firm; and the adoption of product innovation that is new to the national market. However, the study could not confirm true persistence in the generation of product innovation.


Originality/value
To the best of our knowledge, this is the first study that systematically tests innovation persistence differentiating between the adoption of innovations that are new to the firm and innovation that is new to the national market. It is also the first study in this research area that uses a dynamic probit model with random effects according to the original specification by Wooldridge (2005).

Purpose: The purpose of this paper is to analyze the differential impact each of the dominant theoretical explanations has on innovation persistence. The authors hereby differentiate the degree of novelty, distinguishing between innovation based on invention (new products for the international market) and those based on imitation or adoption processes (new products for the company or new products in the national market). Design/methodology/approach: Placing this study in the context of a developing country, the authors apply an ordered probit model inflated in zeros (ZIOP). This methodology enables one to not only provide results not biased by the excess of zeros but also take into account the unobserved heterogeneity with respect to the sources of zeros (that is those firms which do not innovate). The empirical analysis is based on three Colombian innovation surveys carried out between 2003 and 2008 by the Colombian National Statistics Department. Findings: The results provide empirical evidence that two elements are essential for both types of innovation persistence: accessing external financial resources and learning through interaction. Furthermore, the sunk R&D cost approach and technological learning explain persistence in innovation of new products for the international market. Research limitations/implications: The limitations of this study are directly related to the methodological choice. The authors were unable to take into consideration two sources of heterogeneity: the one related to initial conditions and the one related to the source of the many non-innovators. They opted to focus on the latter due the research question and setting of this study. Additionally, macroeconomic instability did not allow to consider a long panel; instead the authors had to rely on a short panel. Practical implications: The results provide important insights to managers. Continuous investments in innovation activities are important bot to become an innovative firm as well as to improve the odds of persistently innovating. Particularly, R&D investments are a pre-requisite for new-to-the-world innovations. Finally, it is not one specific set of capabilities which is a prerequisite for the generation of innovation; rather it is a strategic combination of various skills that increase the probability to (persistently) innovate. Social implications: With innovation persistence being especially relevant for long-run dynamics behind economic growth, the results of this study provide insights into potential public policies. Governments are in a position to at least lower barriers, which might enable more firms to persistently innovate. Continuous access – less than the actual amount – to financial resources aimed at innovation activities and learning through interaction with external agents is fundamental for both kinds of innovation persistence. Both are market characteristics where governments can – at least indirectly – intervene. Originality/value: Despite the existence of various theoretical approaches, the bulk of empirical research focuses on the verification of true state innovation persistence. Thus, while innovation persistency has been widely confirmed to exist to a certain degree, knowledge regarding which theoretical approach is likely to drive a firm to persistently innovation is still scarce. Additionally, this study is placed in the context of a developing country, which by most empirical research has been overlooked but is characterized by one element which is decisive for the empirical methodology: many firms do not innovate, let alone persistently innovate.

Purpose
This study aims to identify the groups of value cocreators in the context of social media in the retail banking industry and resources that predict customer membership among different groups of value cocreators.


Design/methodology/approach
This study reviewed the literature and developed measurement instruments for the constructs of interest. Data were collected from 406 customers in an emerging market in 2019 and analyzed using latent profile analysis.


Findings
This study identified three profiles of value cocreators on social media based on the actual practices of resource integration that enliven value cocreation. Second, this study explains the differences in the performance of resource integration practices to cocreate by the types of resources that customers integrate into social media. Third, this study fills the need for knowledge of value cocreation in different contexts and industries (e.g. banks).


Originality/value
This study analytically relates a set of resources to the variety and intensity of the value cocreation practices adopted by bank customers in interactive environments. The emphasis on how value cocreation practices in online environments combined with customer resources (e.g., a person-centered approach) allows to identify unique profiles of value cocreators on social media. The findings inform managers of the profiles of cocreators, which customers are more attractive as value cocreators on social media, and which resources managers should help customers develop to increase cocreation on social media.

La responsabilidad social empresarial la constituyen "las acciones desarrolladas por negocios para consolidar sus relaciones con las sociedades en las que actúan" (OCDE, 2002, p. 5). Debido a los grandes cambios económicos, sociales y políticos de las tres últimas décadas, se ha generado mayor discusión e interés investigativo respecto al tema de acciones empresariales (Garavito, 2012). Especial atención ha suscitado el estudio de la acción responsable de las empresas multinacionales (en adelante EMN) en países de economía emergente. A este respecto, en este artículo se hace una revisión de investigacionesempíricas publicadas en el período 2001-2016, con los siguientes objetivos:a) ordenar la evidencia empírica en relación con las estrategias de RSE de las EMN en países de economía emergente, b) identificar las diferentes estrategias de RSE implementadas por las EMN en países en emergentes y c) analizar los efectos de las estrategias de RSE y las motivaciones que tienen las EMN al implementarlas. Para lo anterior, se siguió rigurosamente la metodología de revisión sistemática propuesta por Tranfield, Denyer y Smart (2003) y Becheikh, Landry y Amara (2006). Se identificaron cuatro estrategias genéricas: 1) beneficio social, 2) dirigidas a grupos afectados directamente por las operaciones de la empresa, 3) educación y 4) salud. Esta revisión proporcionaresultados importantes para el diseño de políticas enfocadas en la necesidad de que las EMN se hagan cargo de los impactos reales de sus actuaciones y no exclusivamente de su imagen corporativa. ; Corporate social responsibility is defined as "the actions carried out by businesses to consolidate their relations with the societies in which they operate" (OECD, 2002, p.5). Due to the great economic, social and political changes of the last three decades, there has been more discussion and investigative interest regarding the issue of corporate actions (Garavito, 2012). Special attention has been given to the study of the responsible action of multinational companies (hereinafter EMNs) in countries with an emerging economy. In this regard, this article reviews empirical research published in the period 2001 - 2016, with the aim of: a) ordering empirical evidence regarding the CSR strategies of MNEs in emerging economies ; b) identify the different CSR strategies implemented by MNEs in emerging countries, and; c) to analyze the effects of the strategies of CSR and the motivations that the MNCs have when implementing them. For this, the systematic review methodology proposed by Tranfield, Denyer and Smart (2003) and Becheikh, Landry and Amara (2006) were rigorously followed. Four generic strategies were identified: social benefit, targeted at groups directly affected by company operations, education and health. This review provides important results for the design of policies focused on the need for MNEs to take charge of the actual impacts of their actions and not exclusively on their corporate image.

Purpose
The purpose of this paper is to systematize the strategic capabilities of seven surviving industrial Catalan companies which were going through explosive growth in 1999.


Design/methodology
We use the comparative case studies method to draw on the common features among the seven in‐debt cases we built. We are well aware that the method of comparative case studies does not provide a sufficient base for bold generalizations. However, the qualitative approach adopted here allows for the first in‐depth look at the strategies that bring surviving entrepreneurs from explosive growth to a more balanced growth path.


Findings
We identify four organizational capabilities as key to the survival of these businesses ten years later: first, ability to prioritize product and market development, including internationalization, over operations; second, ability to reorganize internally and delegate in a timely manner; third, ability to manage innovation and support creativity linked to productivity; and finally, ability to manage economic and financial resources.


Social implications
Implications for the culturally proximate and less‐studied Latin‐American gazelles are presented.

Purpose
This study aims to examine how corruption influences the voluntary disclosure of corporate governance (CG)-related information by developed country multinationals (DC-MNEs) and emerging market multinationals (EM-MNEs) investing in six Latin American countries.


Design/methodology/approach
The study uses information from 300 MNEs included in the 2018 ranking of the 500 Largest Latin American companies (America Economía, 2018). Each MNE's final annual report for the financial year ending 2018 was examined and coded to obtain the corporate governance disclosure index. Fractional probit regression was applied to test the hypotheses of the research.


Findings
DC-MNEs disclose more CG-related information in corrupt environments than EM-MNEs. This differentiated behavior occurs because DC-MNEs face higher legitimacy pressures in corrupt environments than EM-MNEs and because EM-MNEs are more experienced than DC-MNEs in dealing with such corrupt environments.


Practical implications
While both EM-MNEs and DC-MNEs need to continue investing in corrupt countries to grow, they need to disclose CG-related information as a strategic tool to manage the legitimacy issues triggered by corruption in the markets they operate.


Originality/value
Despite corruption being pervasive in emerging markets, its implications for firms' strategic behaviors are still under-researched. This paper extends the scope of corporate governance and international business fields by studying how MNEs respond to relevant dimensions of the macro environment. This research shows that voluntary disclosure of CG-related information is a strategic response of the MNEs to gain legitimacy in corrupt environments.