Does Technological Innovation Compete or Complement Job Employment? Effect of Technological Innovation and Financial Performance

2021 ◽  
Author(s):  
Kofi Mintah Oware ◽  
Thathaiah Mallikarjunappa
Keyword(s):  
Financial Performance ◽  
Technological Innovation ◽  
Employment Effect

scholarly journals An Assessment of Strategic Management on Supply Chain Management and Logistics - A Path Analysis

2018 ◽  
Vol 7 (2) ◽  
pp. 29
Author(s):  
Azzam A. Abou-Moghli
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Strategic Management ◽  
Financial Performance ◽  
Path Analysis ◽  
Technological Innovation ◽  
Management Strategies ◽  
Business World ◽  
Chain Management ◽  
Pharmaceutical Firms

An efficient supply chain management is essential for the survival of organizations in the present competitive business world. Without effectual supply chain management strategies, the performance of organizations deteriorates. To examine different strategies such as customer orientation, innovating strategy and technological innovation in the financial and non-financial performance of pharmaceutical firms. A path analysis study was conducted in which a questionnaire with regard to strategic management on supply chain and logistics was distributed amongst 10 pharmaceutical companies in Jordan. The results have revealed a positive and significant influence of customer-oriented strategies on the financial performance of companies. In contrast, the results show no significant impact of technological innovation on financial and non-financial performance of the pharmaceutical firms. However, there has been a significant correlation found between innovating strategies and the performance of the organizations. The study has asserted companies to focus and attempt more efforts to enhance their supply chain management strategies to upgrade their performance.

scholarly journals Does Technological Innovation Drive Corporate Sustainability? Empirical Evidence for the European Financial Industry in Catching-Up and Central and Eastern Europe Countries

2020 ◽  
Vol 12 (6) ◽  
pp. 2261 ◽  
Author(s):  
Francisca Sempere-Ripoll ◽  
Sofia Estelles-Miguel ◽  
Ronald Rojas-Alvarado ◽  
Jose-Luis Hervas-Oliver
Keyword(s):  
Financial Performance ◽  
Eastern Europe ◽  
Technological Innovation ◽  
Central And Eastern Europe ◽  
Corporate Sustainability ◽  
Financial Industry ◽  
Critical Question ◽  
Community Innovation Survey ◽  
Catching Up ◽  
The Relationship

In the financial industry, two relationships are well-researched: (i) innovation and financial performance and, (ii) sustainability and financial performance, both focused primarily on Western and advanced countries. The relationship between innovation and sustainability, however, is underresearched. This study’s purpose consists of determining whether there is a relationship between innovation and corporate sustainability in the financial industry. In doing so, this study responds to a critical question: are the most innovative firms also the most sustainability-oriented? We empirically explore sustainability-oriented innovation in the financial industry of 11 catching-up countries in Central and Eastern Europe (CEE). Using Community Innovation Survey (CIS) data for 2012–2014, this study empirically analyzes a large sample of 1574 firms in the financial industry. Our results suggest that innovation is positively linked to corporate sustainability, pointing out that innovation capabilities are positively related to sustainability. Our study proposes a framework for analyzing innovation and sustainability from a capability-perspective.

scholarly journals How Does R&D Investment Affect the Financial Performance of Cultural and Creative Enterprises? The Moderating Effect of Actual Controller

2019 ◽  
Vol 11 (2) ◽  
pp. 297 ◽  
Author(s):  
Zhipeng Zang ◽  
Qiwei Zhu ◽  
Helena Mogorrón-Guerrero
Keyword(s):  
Financial Performance ◽  
Technological Innovation ◽  
Local Governments ◽  
Central Government ◽  
Moderating Effect ◽  
Short Term ◽  
D Investment ◽  
Positive Impacts

R&D investment has a sophisticated correlation with the financial performance of cultural and creative enterprises. In this study, using the panel data of listed cultural and creative enterprises in China from 2011 to 2013, we found that R&D investment has positive impacts on financial performance in both the current and the lag periods. However, these positive impacts are moderated by actual controllers. More specifically, there is a positive moderating effect on enterprises’ financial performance when the central government is the actual controller. On the other hand, there is no evident effect when the actual controller is a local government or a state-owned enterprise, and there is a clear negative moderating effect on financial performance when a natural person is the actual controller. Given these findings, we argue that local governments and state-owned enterprises should improve their long-term strategies for the cultural and creative enterprises they control and reduce actions forced by short-term economic goals. Additionally, local governments and state-owned enterprises should fundamentally stress the role of R&D in order to handle the pressure of increasingly keen competition from international companies’ technological innovation programs.

Disability employment and financial performance: the effect of technological innovation of listed firms in India

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Kofi Mintah Oware ◽  
T. Mallikarjunappa
Keyword(s):  
Financial Performance ◽  
Technological Innovation ◽  
Service Sector ◽  
Technology Innovation ◽  
Manufacturing Sector ◽  
Sustainability Reporting ◽  
Positive Association ◽  
Content Type ◽  
Return On Equity ◽  
Disability Employment

Purpose Technological innovation (TI) has become a competitive advantage to firm sustainability and survival; however, stakeholders struggle to embrace this revolution. There is a fear that technology innovation leads to massive job loss. Therefore, the purpose of this paper is to investigate TI, employee disability (EDI) and financial performance. Design/methodology/approach Using the Indian stock market as a testing ground, the authors used panel regression to analyse 80 sustainability-reporting firms (640 firm-year observations) between 2010 and 2017. Findings The findings show that technology innovation has a positive association with EDI. It further indicates EDI with TI improves the financial performance (return on assets and return on equity) of firms. Also, the study shows that EDI in the service and manufacturing sector are the critical contributors when combined with TI towards an increase in financial performance. Practical implications The implication for the study allows firms to increase employment of people with disabilities in the workplace because TI has a positive effect on EDI. The results from the study confirm the service sector as the highest contributor to financial performance in the emergence of TI. Originality/value The novelty of this research provides empirical evidence that the service sector contributes more to financial performance when EDI combines with TI.

scholarly journals Government R&D Subsidy and Additionality of Biotechnology Firms: The Case of the South Korean Biotechnology Industry

2019 ◽  
Vol 11 (6) ◽  
pp. 1583 ◽  
Author(s):  
Kwangsoo Shin ◽  
Minkyung Choy ◽  
Chul Lee ◽  
Gunno Park
Keyword(s):  
Financial Performance ◽  
Technological Innovation ◽  
Strategic Alliances ◽  
Biotechnology Industry ◽  
External Financing ◽  
Biotechnology Firms ◽  
South Korean ◽  
Biotechnology Companies ◽  
Start Ups ◽  
D Investment

Government research and development (R&D) subsidies are more important in countries that are latecomers to the biotechnology industry, where venture capital has not been developed, and the ratio of start-ups is high. Previous studies have mostly focused on the additionality of the input and output through government R&D subsidies, such as private R&D investment, technological innovation, and financial performance. In addition, some studies have focused on the behavioral additionality (the change in a firm’s behavior) of firms through government R&D subsidies. However, each study is fragmented and does not provide integrated results and implications. Therefore, this study comprehensively investigated the effects of government R&D subsidies on the multifaceted aspects of input, output, and behavioral additionality based on data from South Korean biotechnology companies. This study used the propensity score matching (PSM) method to prevent selection bias. The results showed that firms benefiting from government R&D subsidies had a markedly higher R&D investment in terms of input additionality, and they produced more technological innovation within a shorter period in terms of output additionality, though financial performance was not determined. Moreover, government R&D subsidies have accelerated strategic alliances and suppressed external financing (debt financing) in terms of behavioral additionality.

Digitalisation of Mandatory Social Expenditure Targets in India

2020 ◽  
pp. 125-140
Author(s):  
Ajit Dayanandan ◽  
Sudershan Kuntluru
Keyword(s):  
Financial Performance ◽  
Technological Innovation ◽  
Abnormal Returns ◽  
Social Expenditure ◽  
Announcement Effect ◽  
Socially Responsible ◽  
Productive Life ◽  
Study Methodology ◽  
The Impact ◽  
The Empirical Analysis

The chapter examines the impact of mandatory CSR expenditure targets of firms on financial performance in India. Extant studies have shown using event study methodology that announcement effect of compulsory CSR expenditure targets on abnormal returns of these firms is negative. Further, it is examined on how financial performances of these firms which met or exceeded the targets (Socially responsible firms) or were not able to meet the targets (socially irresponsible firms) differ. Based on the data for 1,460 firm years for the period 2015 to 2018 in the Indian context, the empirical analysis shows that their financial performance was negatively impacted because of these mandated CSR targets. Available evidence shows that CSR expenditure that spurs digitalisation and technological innovation helps the poorest and most vulnerable which enables them to lead a healthy, productive life.

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