The importance of large firms for generating economic value from subsidized technological innovation: A regional perspective

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.

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Venture technological innovation, social value and economic value: The influence of customer-beneficiary alignment

10.1109/picmet.2016.7806636 ◽

2016 ◽

Cited By ~ 3

Author(s):

Joanne L. Scillitoe ◽

Latha Poonamallee ◽

Simy Joy

Keyword(s):

Technological Innovation ◽

Economic Value ◽

Social Value

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Water Saving Retrofit Device for Squatting Pan Without Trap

E3S Web of Conferences ◽

10.1051/e3sconf/20185302018 ◽

2018 ◽

Vol 53 ◽

pp. 02018

Author(s):

Fangqing Yi ◽

Danyang Li

Keyword(s):

Water Resources ◽

Technological Innovation ◽

Water Consumption ◽

Environmental Performance ◽

Simple Structure ◽

Technology Innovation ◽

Economic Value ◽

Water Saving ◽

Materials Used

Under the wave of the “toilet revolution” and toilet technology innovation, we started with squatting pan without trap and aimed to achieve the goal of technological innovation and saving water resources by installing water-saving devices on the existing squatting pans. The water-saving reforming device for squatting pans has a simple structure and is easy to install. And the materials used have advanced scientific features. The device can solve the problems of over much water consumption and uncleanness of existing squatting pans. This water-saving device has strong economic value and outstanding environmental performance. Compared with other water-saving solutions, this design takes into account the demands of the entire chain of stakeholders in production, installation and use. Therefore, it can be easily applied and popularized.

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The Relationship between Technological Innovation Activity Based Costing and Business Size

10.28945/2673 ◽

2003 ◽

Author(s):

Davood Askarany ◽

Malcolm Smith

Keyword(s):

Technological Innovation ◽

Diffusion Of Innovation ◽

Small Firms ◽

Influential Factor ◽

Innovation Activity ◽

Large Firms ◽

Activity Based Costing ◽

Business Size ◽

The Impact ◽

The Relationship

Size is one of the most controversial influencing factors in the diffusion literature. Some authors argue that large firms have several advantages over smaller firms in the adoption of an innovation (Brown 1981), while others argue that diffusion of innovation in small firms is quicker than in large firms because of the advantages associated with small size (Acs & Audretsh, 1988; Julien, 1993; Lefebvre & Le-febvre, 1993; Riding, 1993). However, the controversy on the impact of size on diffusion of innovation has been further complicated by the mixed results of the studies investigating the relationship between size as an influential factor and diffusion of innovation (Aiken, et al., 1980; Blau & McKinley, 1979; Booth & Giacobbe, 1998; Damanpour, 1992; Dewar & Dutton, 1986; Hage, 1980; Krumwiede, 1998; Libby & Waterhouse, 1996). Shedding light on this controversy, this paper examines the relationship between business size and the diffusion of both technological innovation and activity based costing (ABC) through a longitudinal study in a single industry.

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Innovation in an authoritarian society: China during the pandemic crisis

Journal of Business Strategy ◽

10.1108/jbs-10-2020-0223 ◽

2021 ◽

Vol ahead-of-print (ahead-of-print) ◽

Author(s):

Jie Xiong ◽

Jie Yan ◽

Kun Fu ◽

Ke Wang ◽

Yuanqiong He

Keyword(s):

Technological Innovation ◽

Economic Value ◽

Innovation Process ◽

Secondary Data ◽

Role Of Government ◽

Social Crisis ◽

Content Type ◽

Government Organizations ◽

Authoritarian State ◽

Innovation Activities

Purpose This paper aims to understand the role of government played in the innovation process during the social crisis, and to investigate the innovation activities of the authoritarian state when dealing with social crisis. Design/methodology/approach Secondary data pertaining to eight impactful technological innovations in China during the COVID-19 crisis reveal how interactions and joint efforts by commercial firms and government organizations emerged as spontaneous responses. Findings The analysis of eight innovations – health code adoption, health omnichannel construction, noncontact service provision, distance education provision, public emotion consolation service, cross-boundary project promotion, cloud office adoption and medical material production – reveals a matrix of best practices that details the roles of government (controller or endorser) and the value creation orientation (pro-social or pro-economic value). Originality/value This study enriches innovation literature by providing a new perspective on the relationship between governmental force and technological innovation during social crises. As these new insights reveal, technological innovation can contribute to social crisis management. China’s example provides helpful implications for other countries suffering from the COVID-19 crisis.

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Application of technology to increase economic value and consumer preferences of tilapia, stingray and cow leather products

IOP Conference Series Earth and Environmental Science ◽

10.1088/1755-1315/919/1/012032 ◽

2021 ◽

Vol 919 (1) ◽

pp. 012032

Author(s):

L Sahubawa ◽

C R Atmoko ◽

S Sasongko

Keyword(s):

Technological Innovation ◽

Consumer Preferences ◽

Economic Value ◽

Value Added ◽

Added Value ◽

Design And Technology ◽

Market Segment ◽

Economic Value Added ◽

Business World ◽

The Impact

Abstract Technological innovation in the business world can immediately increase the novelty, economic value, added value & market segment of commercial products. Preservation, tanning & processing technology can increase the novelty, economic value & market segment of commercial leather products. The objective of the research is to examine the impact of technological innovation on the economic value, added value & consumer preferences for fish leather products. This study uses market segmentation, value-added, consumer preferences and descriptive methods. The economic value of commercial fish skin products are as follows: (1) preservation technology produces economic value of fresh tilapia skin of IDR 3,000 per sheet, stingray skin of IDR 50,000 & cowhide of IDR 5,000; (2) tanning technology produces economic value for tilapia skin of IDR 7,500 per sheet, stingray skin of IDR 125,000 and cowhide of IDR 10,000; (3) the design and technology of processing a 3-in-1 tilapia skin wallet produces an economic value of IDR 300,000; 3-in-1 stingray skin wallet for IDR 400,000 & 3-in-1 cowhide wallet for IDR 240,000. The added value of the 3-in-1 tilapia skin wallets is IDR 441,000; stingray leather wallet which is IDR 650,000 & 3-in-1 cowhide wallet is IDR 235,000. The average value of consumer preferences for commercial tilapia, stingray & cow leather wallets are 85%, 90% & 75%. The highest consumer preferences are based on the attributes of color, shape and price.

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