Technological Innovation and Exports: Effects on Firm Growth

2020 ◽  
pp. 17-39
Author(s):  
María Jesús Rodríguez-Gulías ◽  
Sara Fernández-López ◽  
David Rodeiro-Pazos ◽  
Manuel Ángel Nogueira-Moreiras
Keyword(s):  
Technological Innovation ◽  
Firm Growth

The fit between technological innovation and business model design for firm growth: evidence from China

2014 ◽  
Vol 44 (3) ◽  
pp. 288-305 ◽  
Author(s):  
Zelong Wei ◽  
Dong Yang ◽  
Biao Sun ◽  
Meng Gu
Keyword(s):  
Business Model ◽  
Technological Innovation ◽  
Firm Growth ◽  
Model Design ◽  
Business Model Design

scholarly journals Technological Innovation, Resource Allocation, and Growth*

2017 ◽  
Vol 132 (2) ◽  
pp. 665-712 ◽  
Author(s):  
Leonid Kogan ◽  
Dimitris Papanikolaou ◽  
Amit Seru ◽  
Noah Stoffman
Keyword(s):  
Technological Innovation ◽  
Firm Growth ◽  
Growth Models ◽  
Economic Value ◽  
Creative Destruction ◽  
Schumpeterian Growth ◽  
Additional Information ◽  
Patent Counts ◽  
Scientific Value ◽  
Number Of Citations

Abstract We propose a new measure of the economic importance of each innovation. Our measure uses newly collected data on patents issued to U.S. firms in the 1926 to 2010 period, combined with the stock market response to news about patents. Our patent-level estimates of private economic value are positively related to the scientific value of these patents, as measured by the number of citations the patent receives in the future. Our new measure is associated with substantial growth, reallocation, and creative destruction, consistent with the predictions of Schumpeterian growth models. Aggregating our measure suggests that technological innovation accounts for significant medium-run fluctuations in aggregate economic growth and TFP. Our measure contains additional information relative to citation-weighted patent counts; the relation between our measure and firm growth is considerably stronger. Importantly, the degree of creative destruction that is associated with our measure is higher than previous estimates, confirming that it is a useful proxy for the private valuation of patents.

The impact of technological innovation efficiency on firm growth

2019 ◽  
Vol 23 (1) ◽  
pp. 134-155 ◽  
Author(s):  
Rubén Martínez-Alonso ◽  
María J. Martínez-Romero ◽  
Alfonso A. Rojo-Ramírez
Keyword(s):  
Technological Innovation ◽  
Family Involvement ◽  
Firm Growth ◽  
Ordinary Least Squares ◽  
Least Squares Regression ◽  
Content Type ◽  
Family Involvement In Management ◽  
The Impact ◽  
The Relationship

Purpose The purpose of this paper is to offer new insights regarding an issue that has attracted the interest of multitude academics and practitioners in business management and family firm literature: technological innovation (TI). Specifically, this study brings new knowledge regarding both the impact of TI efficiency on firm growth and the moderating role of family involvement in management on such relationship. Design/methodology/approach The authors use a matched-pairs design and an ordinary least squares regression analysis to examine a sample of 152 Spanish manufacturing firms. Findings First, the authors show that firms obtaining higher TI efficiency are also those that achieve superior growth. Second, the authors reveal that as family involvement in management increases, the positive effect that TI efficiency exerts on firm growth is strengthened. Practical implications This study suggests that family managers should essentially consider various aspects such as tacit knowledge, social capital and long-standing collaborations with stakeholders to reinforce the relationship between TI efficiency and firm growth. Originality/value To the best of the authors’ knowledge, this is the first study that analyses the effect of TI efficiency on firm growth, as well as, when and to what extent family involvement in management influences the TI efficiency–growth relationship. Thus, this paper provides a deeper understanding of the importance that family managers could have on firm growth deriving from TI efficiency.

The Impact of Research and Development Expenditures on the Growth of Turkish Manufacturing Industry

2013 ◽  
pp. 278-291
Author(s):  
Rukiye Yilmaz ◽  
Julide Yildirim
Keyword(s):  
Research And Development ◽  
Technological Innovation ◽  
Manufacturing Industry ◽  
Firm Growth ◽  
Technological Development ◽  
Economic Activities ◽  
Time Period ◽  
Sustainable Economic Growth ◽  
Technology Level ◽  
The Impact

Emerging markets depend on technological development and innovation rather than cheap labor, as they are important instruments for sustainable economic growth. The most common indicators of technological development and innovation are the Research and Development (R&D) expenditures and the number of employees participating in research and development activities. The aim of this chapter is to measure the impact of research and development expenditures as a technological innovation indicator on the growth of firms in the Turkish manufacturing and non-manufacturing industry for the time period 2003 and 2007. In this framework, labor, investment, and R&D expenditures are used as factors, which affect the growth of the firms. Then, economic activities of manufacturing industries are classified with respect to technology intensity as high, medium-high, medium-low, and low technology level. Empirical findings indicate that R&D expenditures enhance firm growth, especially for the firms in low and medium technology level sectors.

scholarly journals R&D investment intensity, green energy technology innovation and construction firm growth performance

2021 ◽  
Vol 248 ◽  
pp. 02006
Author(s):  
Huanxing Liu
Keyword(s):  
Growth Performance ◽  
Technological Innovation ◽  
Firm Growth ◽  
Technology Innovation ◽  
Green Energy ◽  
Energy Technology ◽  
Construction Enterprises ◽  
The Impact ◽  
The Relationship ◽  
D Investment

Based on the data of listed construction companies in the jewelry manufacturing industry in 1994 from 2014 to 2017, this article uses the generalized least squares method to analyze the relationship between green energy technology innovation, construction enterprises’ growth performance and R&D investment intensity, and explores the impact of green energy technology innovation on construction enterprises’ growth performance and analyzes the moderating effect of R&D investment intensity. The empirical results show that green energy technological innovation has a significant positive impact on construction enterprises’ growth performance. The intensity of R&D investment has a significant negative regulatory effect on the relationship between green energy technological innovation and construction enterprises’ growth performance.

scholarly journals Analysis on Apple’s Implement and Assessment of Dividend Policy

2020 ◽  
Vol 218 ◽  
pp. 02006
Author(s):  
Lixing Lin
Keyword(s):  
Growth Rate ◽  
Technological Innovation ◽  
Firm Growth ◽  
Dividend Policy ◽  
Financial Information ◽  
Financial Risks ◽  
Financial Conditions ◽  
A Company

Dividend policy is a means that a company uses to distribute its free cash to its shareholders. It is of importance step to determine how much free cash will be retained for firm growth and how much for shareholders. This article first examines financial conditions in Apple and Samsung in recent years. With the financial information, the article display how Apple make decision on its dividend policy. Also, relevant data are provided in charts and tables to analyze trajectory of Apple’s dividend policy which are proved by later data. By comparing it with Samsung in dividend policy, readers are able to see how financial circumstances effect decisions making . As a result, Apple aims to hold a sustainable dividend payouts growth rate because financial risks will be minimized and more free cash can be used to invest in firm growth, such as technological innovation; however, Samsung aims to attract more investors and specialists, so it provides a lucrative dividend policy by increasing its dividend payouts rate. This will be at expense of Samsung’s future investment on firm growth.

The Effect of Taxation and Corruption on Firm Growth: An Empirical Investigation for Vietnam

2016 ◽  
pp. 5-29
Author(s):  
Bich Le Thi Ngoc
Keyword(s):  
International Development ◽  
Firm Growth ◽  
Empirical Investigation ◽  
Manufacturing Firms ◽  
Economic Management ◽  
Tax Rate ◽  
Percentage Point Increase ◽  
Percentage Points ◽  
Point Increase ◽  
The Impact

The aim of this study is to analyze empirically the impact of taxation and corruption on the growth of manufacturing firms in Vietnam. The study employed pooled OLS estimation and then instrument variables with fixed effect for the panel data of 1377 firms in Vietnam from 2005 to 2011. These data were obtained from the survey of the Central Institute for Economic Management and the Danish International Development Agency. The results show that both taxation and corruption are negatively associated with firm growth measured by firm sales adjusted according to the GDP deflator. A one-percentage point increase in the bribery rate is linked with a reduction of 16,883 percentage points in firm revenue, over four and a half times bigger than the effect of a one-percentage point increase in the tax rate. From the findings of this research, the author recommends the Vietnam government to lessen taxation on firms and that there should be an urgent revolution in anti-corruption policies as well as bureaucratic improvement in Vietnam.

Split Estate and Wyoming’s Orphaned Well Crisis: The Case of Coalbed Methane Reclamation in the Powder River Basin, Wyoming

2017 ◽  
Vol 1 (1) ◽  
pp. 1-8 ◽  
Author(s):  
Kathryn Bills Walsh
Keyword(s):  
Natural Gas ◽  
River Basin ◽  
Technological Innovation ◽  
Coalbed Methane ◽  
Powder River Basin ◽  
Gas Wells ◽  
Mineral Rights ◽  
Split Estate ◽  
Legal Condition

This case presents the stakeholder conflicts that emerge during the development and subsequent reclamation of abandoned natural gas wells in Wyoming where split estate, or the separation of surface land and mineral rights from one another, occurs. From 1998 to 2008, the Powder River Basin of northeastern Wyoming experienced an energy boom as a result of technological innovation that enabled the extraction of coalbed methane (CBM). The boom resulted in over 16,000 wells being drilled in this 20,000 square-mile region in a single decade. As of May 2017, 4,149 natural gas wells now sit orphaned in Wyoming as a result of industry bankruptcy and abandonment. The current orphaned wells crisis was partially enabled by the patchwork of surface and mineral ownership in Wyoming that is a result of a legal condition referred to as split estate. As the CBM boom unfolded in this landscape and then began to wane, challenges emerged most notably surrounding stalled reclamation activities. This case illuminates these challenges highlighting two instances when split estate contributed to issues between landowners and industry operators which escalated to litigation.

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