Focal Firms as Technological Gatakeepers within Industrial Districts Knowledge Creation and Dissemination in the Italian Packaging Machinery Industry

Despite the diffusion of communication tools and boundary spanning technologies, knowledge flows in innovation processes retain a distinct localized nature in many industries and geographical clusters emerge as critical areas to foster technological diffusion. In this paper we focus on the role of focal firms in industrial clusters as “gatekeepers” introducing external technological novelties in the cluster and enacting new useful knowledge production locally, thus enhancing international competitive capabilities of all firms in the cluster. We analyze a longitudinal dataset of 720 patents 1 Corresponding Author www.druid.dk granted by USPTO between 1990 and 2003 to firms in the automatic packaging machinery industrial district of Emilia-Romagna in Northern Italy, and a matched-sample to control for the uneven geographical distribution of R&D and patenting activities. Our results show that firms within the cluster use local knowledge to a greater extent and more rapidly than knowledge from the outside than it would be expected given the geographic distribution of innovative activity in the industry. Moreover, focal firms use external knowledge to a greater extent than other firms operating in the cluster, and other (non focal) firms within the cluster use knowledge from focal firms to a greater extent than would be expected given the geographic distribution of innovative activity in the industry. Implications for research on the geographical distribution of innovation activities are discussed.Innovation processes, Knowledge flows, Geographical clusters

Continuity, change, and new product performance: the role of stream concentration

Product development teams often face the challenge of designing radically new products that cater at the same time to the revealed tastes and expectations of existing customers. In new product development projects, this tension guides critical choices about continuity or change concerning product attributes and team composition. Research suggests these choices interact, but it is not clear whether they are complements or substitutes and if the level of change in one should match or not the level of change in the other. In this article, we examine the interaction between product attribute change, team change, and a new team-level factor, which we term stream concentration, as it captures differences among team members in terms of familiarity with the knowledge domain of the new product being developed. We measure stream concentration as team members’ prior NPD experience within a given set of products and assess its impacts on the management of change in new product development projects using longitudinal data from the music industry. We analyze 2621 new product development projects between 1962 and 2008 involving 34,265 distinct team members. Results show that stream concentration is a critical factor in new product development projects that, together with product attributes and team composition, affects new product performance. We discuss implications for research and practice

Platforms as entrepreneurial incubators? How online labor markets shape work identity

Purpose The purpose of this paper is to explore how the process of work identity construction unfolds for gig workers experiencing unstable working relationships in online labor markets. In particular, it investigates how digital platforms, intended both as providers of technological features and online environments, affect this process. Design/methodology/approach The authors conducted an exploratory field study and collected data from 46 interviews with freelancers working on one of the most popular online labor markets and from online documents such as public profiles, job applications and archival data. Findings The findings reveal that the online environment constrains the action of workers who are pushed to take advantage of the platform’s technological features to succeed. This interplay leads workers to add new characteristics to their work-self and to and to develop an entrepreneurial an entrepreneurial orientation. Practical implications The study offers insights to platform providers interested in improving workers’ experiences in online labor markets, highlighting mechanisms for uncertainty reduction and diversifying a platform’s services according to gig workers’ identities and orientations. Originality/value The study expands the authors’ knowledge on work identity construction processes of gig workers, detailing the relationship between work identity and IT, and documents previously unexplored antecedents of entrepreneurial orientation in non-standard working contexts

Do Stock Markets Value Innovation? A Meta-analysis

We analyze whether stock markets value innovation by performing a meta-analysis of the empirical literature linking R&D investments and firms' market value. While there is an increasing interest in the attention paid by financial markets to firm level innovation activities, the theoretical debate and the empirical results presented by a growing number of studies performed within different disciplinary domains still oscillate between markets myopia and markets efficiency. We contribute to resolve this indecision applying Hunter and Schmidt (1990) correction procedures on existing studies estimating the impact of different corporate assets on the market value of the firm. After correcting for random sources of variations and possible problems with the reliability of the independent and the dependent variables, we show that the R&D-market value relationship is consistently positive and that the market values one currency unit invested in R&D activities as much or more than one currency unity invested in tangible assets. Moreover, we use a fully factorial regression model to assess the magnitude of the reported coefficients against a set of sample specific and design specific variables. Our results show that, when other intangible assets are considered, the market valuation of firms' R&D investments generally lowers. Moreover, whereas adding industry-level controls seems to better specify the relationship between R&D investment and market value, firm-level variables do not substantially affect the results. Implications for research and practice are presented and discussed.We analyze whether stock markets value innovation by performing a meta-analysis of the empirical literature linking R&D investments and firms' market value. While there is an increasing interest in the attention paid by financial markets to firm level innovation activities, the theoretical debate and the empirical results presented by a growing number of studies performed within different disciplinary domains still oscillate between markets myopia and markets efficiency. We contribute to resolve this indecision applying Hunter and Schmidt (1990) correction procedures on existing studies estimating the impact of different corporate assets on the market value of the firm. After correcting for random sources of variations and possible problems with the reliability of the independent and the dependent variables, we show that the R&D-market value relationship is consistently positive and that the market values one currency unit invested in R&D activities as much or more than one currency unity invested in tangible assets. Moreover, we use a fully factorial regression model to assess the magnitude of the reported coefficients against a set of sample specific and design specific variables. Our results show that, when other intangible assets are considered, the market valuation of firms' R&D investments generally lowers. Moreover, whereas adding industry-level controls seems to better specify the relationship between R&D investment and market value, firm-level variables do not substantially affect the results. Implications for research and practice are presented and discussed.Uninvited Submission

Innovation and export in SMEs: the role of relationship banking

This paper assesses the role of relationship lending in explaining simultaneously the innovation activity of Small and Medium Enterprises (SME), their probability to export (i.e. the extensive margin) and their share of exports on total sales conditional on exporting (i.e. the intensive margin). We adopt a measure of informational tightness based on the ratio of firm’s debt with its main bank to firm’s total assets. Our results show that the strength of the bank-firm relation has a positive impact on both SME’s probability to export and their export margins. This positive effect is only marginally mediated by the SME’s increased propensity to introduce product innovation. We further discuss the financial and non-financial channels through which the intensity of bank-firm relationship supports SMEs’ international activities.info:eu-repo/semantics/publishedVersio

Collaborative Practices and Multidisciplinary Research : The Dialogue Between Entrepreneurship, Management, and Data Science

Author's accepted version (post-print).Available from 06/06/2020.acceptedVersio

Association between anemia and quality of life in a population sample of individuals with chronic obstructive pulmonary disease

BACKGROUND: Several studies investigated the association of anemia with health related quality of life (HRQL) in patients with chronic disease. However, there is little evidence regarding the association of anemia with HRQL in patients with chronic obstructive pulmonary disease (COPD). METHODS: This is a post-hoc analysis of a study which enrolled a population of adults aged 35–79 randomly selected from residents of Erie and Niagara Counties, NY, between 1996 and 2000. In addition to demographic information and physical measurements, we obtained spirometry data and hemoglobin levels. We used modified Global Initiative for Chronic Obstructive Lung Disease (GOLD) criteria to define COPD, and World Health Organization (WHO) criteria to define anemia. To assess HRQL we used the Short Form-36 (SF-36) to assess physical functioning (PF), physical component summary (PCS) measures and mental component summary (MCS) measures. RESULTS: In the entire study population (n = 2704), respondents with anemia had lower scores on the physical functioning domain [45.4 (SD10.9) vs. 49.2 (SD 9.1); p < 0.0001]. Among patients with COPD (n = 495) the PF scores (39.9 vs. 45.4) and the PCS (41.9 vs. 45.9) were significantly lower in individuals with anemia compared to those without. In multiple regression analysis, the association between hemoglobin and PCS was positive (regression coefficient 0.02, p = 0.003). There was no significant association of hemoglobin with PF scores or the mental component summary measure after adjusting for covariates in patients with COPD. CONCLUSION: In patients with moderate to very severe COPD anemia may be associated with worse HRQL. However, co-morbidities may explain part or all of this association in these patients