New product development and supplier involvement: the role of R&D collaboration with supporting organisations

Existing research highlights the importance of sourcing external knowledge in manufacturers’ innovative processes. Specifically, supplier involvement in new product development (NPD) has been widely analysed but without conclusive results. To shed light on this matter, this paper provides a deeper insight by analysing the indirect effects in the relationship between supplier involvement and two NPD dimensions (efficiency and effectiveness). In particular, it examines R&D collaboration with supporting organisations as a mechanism by which knowledge provided by suppliers may lead to better innovation performance. This study focuses on 155 high-tech and medium–high-tech Spanish firms to test indirect effects through the PROCESS macro. The results show that while there is a positive and significant indirect effect of supplier involvement on NPD efficiency through R&D collaboration with supporting organisations, that indirect effect is not significant in increasing NPD effectiveness. This research contributes to the literature on inter-organisational networks and NPD by analysing the effects of supplier involvement on NPD through the role played by supporting organisations, with different empirical evidence for each NPD dimension and practical implications.Depto. de Organización de EmpresasFac. de Ciencias Económicas y EmpresarialesTRUEMinisterio de Economía y CompetitividadMinisterio de Ciencia e InnovaciónCRUE-CSICpu

Intangible resources, export channel and performance: is there any fit?

As the resource-based view suggests, firms choose their export channel on the basis of their internal pool of resources. Following this approach, we firstly hypothesize that firms with intangible resources will establish direct export channels to better exploit, protect and develop their firm-specific resources. Secondly, we propose that firms that establish their export channel on the basis of their internal resources outperform those firms that do not. To obtain empirical evidence we used a Heckman two-step model for the DOC Rioja wine industry. The results confirm that firms improve their export performance when jointly considering internal resources and the export channel. Also, human resources are the most relevant intangible resources in our model. This paper contributes by offering empirical evidence on the exporting channel strategies chosen by Spanish wineries. This paper makes a theoretical contribution by examining the performance consequences of following the RBV approach. Likewise, it has important practical implications for managers, who can improve their firm’s export performance by assessing their internal resources before considering which export channel to choose

Apuesta por la acreditación institucional de la Facultad de Ciencias Económicas y Empresariales tanto nacional (AUDIT) como internacional (AACSB)

El objetivo del presente proyecto es dar continuidad al compromiso de la Facultad con la mejora continua de la calidad mediante la solicitud de la acreditación del diseño del SIGC por AUDIT y de la acreditación internacional AACSB

Aula itinerante de Patrimonio Cultural II

Memoria final del PIMCD UCM 2020/2021 número 31

Explaining Vertical Integration Strategies: Market Power, Transactional Attributes and Capabilities

We analyse vertical boundaries of firms by identifying and comparing industrial, transactional and firm-specific factors in such a way that industrial organization, new institutional economics and the capability-based view are all taken into account. After testing the model in 155 firms in the Spanish meat industry, we observe that only factors associated with both transaction costs and capabilities have a statistical and economic relevance for explaining vertical integration. Firms vertically integrate to create specific investment between stages of the value chain, to internally exploit their pool of knowledge and capacities, and to guarantee quality of inputs and services employed. On the other hand, firms avoid high levels of vertical integration in the presence of high demand changes in order to stay flexible. Finally, providers or clients with market power do not seem to affect vertical boundaries in any consistent way. Copyright Blackwell Publishing Ltd 2007.

La diversificación en las empresas de medios: el caso de Globo en Brasil

The goal of this paper is to explain the success of major media corporations by their use of strategies of related diversification and vertical integration. For this, we will present a literature review identifying the specific reasons for diversification by media companies: synergies, secure access to content and strengthen their competitive position. It is also noted that firms use vertical integration to secure exclusive content that can serve as a source of strategic resources and capabilities, which are by their part key for related diversification. Finally, we analyze the case of Globo in Brazil, which confirms these assessments.O objetivo deste artigo é explicar o sucesso de grandes empresas de mídia através das estratégias de diversificação relacionada e integração vertical. Para tanto, apresentaremos uma revisão da literatura que identifica as razões específicas para diversificação das empresas de mídia: sinergias, garantia de acesso a conteúdo e reforço da posição competitiva. Além disso, se observa que as empresas usam a integração vertical para ter acesso a conteúdos exclusivos que são fonte de recursos e capacidades estratégicas, críticos para a diversificação relacionada. Finalmente, analisamos o caso de Globo em Brasil, que confirma a abordagem desenvolvida.El objetivo de este trabajo es explicar el éxito de las grandes corporaciones de medios por las estrategias de diversificación relacionada y de integración vertical. Para ello se realiza una revisión de la literatura que identifica los motivos específicos por los que las empresas de medios se diversifican: generar sinergias, garantizar el acceso a contenidos y afianzar su posición competitiva. Asimismo, se observa que las empresas utilizan la integración vertical para acceder a contenidos exclusivos que son fuente de recursos y capacidades estratégicos, claves para la diversificación relacionada. Finalmente, analizamos el caso de Globo en Brasil, donde se confirman los planteamientos desarrollados

Knowledge spillovers in science and technology parks: how can firms benefit most?

This research evaluates the role of science and technology parks as locations fostering local knowledge exchange and promoting innovation. We consider that these knowledge externalities depend on firms’ internal efforts and strategies, since their capacity to understand and exploit others’ knowledge depends on their own knowledge base. Empirical evidence has been gathered from 2007 to 2011 in a longitudinal analysis on 11,201 firms in total, using a Spanish database from PITEC (Technological Innovation Panel). Results of a two Tobit models with random effects, confirm our hypotheses. First, firms with previous cooperation agreements with universities and research institutions would benefit most from the park as they can more easily incorporate existing knowledge in the park and improve their product innovation. Secondly, results also seem to indicate that product innovation is higher when firms with internal R&D efforts can share knowledge on a reciprocal basis with other firms that are also investing in R&D

Internationalization pathways and the performance of SMEs

Purpose – The purpose of this paper is to examine the effect of the chosen specific internationalization pathway on the relationship between internationalization and firm performance. Design/methodology/approach – This paper analyses the internationalization pathway among small- and medium-sized enterprises which internationalize through exporting and are more limited in terms of the resources they can leverage across markets. Findings – Empirical evidence obtained from a sample of wineries in La Rioja shows that the internationalization – export performance relationship is characterized by a U-shaped curve for firms with a gradual internationalization pathway, and an S-shaped curve for firms with an accelerated internationalization pathway. Research limitations/implications – This empirical study on the impact of export intensity on performance has acknowledged the importance of costs caused by the liability of foreignness and the transaction and coordination costs involved in each market expansion process. However, it has not examined the effect of differences in absorptive and coordination capabilities at the firm level. Practical implications – The findings about the role of the specific internationalization pathway in driving export intensity and performance appear to be relevant from a public-policy perspective. Local policies aimed at promoting exports have been widely based on the argument that firms can improve their performance through increasing their level of international sales. However, empirical evidence shows that these efforts may not work as well as was thought, unless combined with the right market expansion pathway and the optimal level of exports associated with this international market expansion. Social implications – Most studies on the effect of international market expansion on firm performance have not considered the influence of the specific market expansion pathway chosen. In taking this factor into account, this paper contributes to the existing body of work by developing an integrative theoretical framework that explores how the pathway of internationalization impacts on firms’ performance. Originality/value – Most studies on the effect of international market expansion on firm performance have not considered the influence of the specific market expansion process chosen. In taking this factor into account, this paper contributes to the existing body of work by developing an integrative theoretical framework that explores how the process of international market expansion impacts on firms’ performance