scholarly journals From Catching Up to Convergence of the Latecomer Firms: Comparing Behavior and Innovation Systems of Firms in Korea and the US

2021 ◽  
Vol 7 (3) ◽  
pp. 191
Author(s):  
Buru Im ◽  
Keun Lee
Keyword(s):  
Innovation System ◽  
Regression Analyses ◽  
Firm Level ◽  
Performance Variables ◽  
Catching Up ◽  
Early Results ◽  
The Us ◽  
And Performance ◽  
Latecomer Firms ◽  
System Variables

This paper addresses the issue of catching and convergence at the level of firms, and investigates whether Korean firms tend to converge toward mature firms represented by the US firms in terms of their behavior and performance as well as firm-level innovations systems. It conducts regression analyses of several behavior and performance variables, using the data of the Korean and US firms during the 1990s, the 2000s, and 2010s. It finds some evidence of convergence, such that Korean firms become more profitability- rather than growth-oriented, borrowing and investing less, and thus being less indebted. However, they have not changed much in terms of their behavior toward firm values and dividend tendencies. Further analyses, using the patent-derived, innovation system variables, also confirm some aspects of convergence, compared with the early results, for which self-citations become significant and positive for firm values; furthermore, the variable of cycle time of technology is no longer significant for profitability, which is consistent with the results from the US firms. Meanwhile, changes in corporate governance associated with the rise of foreign shareholder are also shown to have resulted in higher profitability but insignificant change in firm values. An emerging conclusion is an ongoing but partially completed process of convergence.

Is China Catching Up?

Biotechnology ◽  
2019 ◽  
pp. 1689-1732
Author(s):  
Petr Hanel
Keyword(s):  
Medical Devices ◽  
Basic Research ◽  
The West ◽  
Scientific Publications ◽  
Catching Up ◽  
The Us ◽  
Health Related ◽  
Latecomer Firms ◽  
Innovative Industry ◽  
Insight Into

The chapter examines whether Chinese health-related biotechnology is catching up with leaders in the field. The approach is inspired by Malerba's Sectoral System of Innovation and Production, complemented by Mathew's insight into strategies for latecomer firms. The results show that Chinese scientists are quickly catching up in the output of scientific publications. However, the basic research remains insufficient for the development of a sustainable, innovative industry. The industrial production of biotechnology-based manufacturing of drugs and medical devices is growing slower than their knowledge base. Most firms still manufacture under license or contract low-value “me too” generic pharmaceutical and biosimilar ingredients medicines. The intensity of R&D and patenting in China increased dramatically, especially in the foreign-invested firms but China's share of biotechnology patenting in the US, EPO and Japan are very low. In summary, Chinese biotechnology ‘industry' is catching up with the West, but it has a long way to go.

scholarly journals A magyar és a szlovák kis- és középvállalkozói szektor innovációs teljesítményének összehasonlító elemzése

2009 ◽  
Vol 4 (3-4) ◽  
pp. 153-157
Author(s):  
Csilla Mile ◽  
Katalin Végh ◽  
Magdolna Csath ◽  
Istvánné Éger ◽  
Mihály Ivicz ◽  
...  
Keyword(s):  
Innovation Policy ◽  
Innovation System ◽  
Firm Level ◽  
Technology And Innovation ◽  
Catching Up ◽  
Science Technology ◽  
Research Organizations ◽  
Wide Range ◽  
Science Technology And Innovation ◽  
The Eu

Based on the European Innovation Scoreboard the study intends to provide a compara-tive assessment of the innovation performance of Hungary and Slovakia. The assessment extends to a wide range of indicators covering structural conditions, knowledge creation, innovation at the firm level, R&D expenditures. As catching-up countries Hungary's and Slovakia's innovation performances are well below the EU27 average, but the rate of im-provement is above that of the EU average, especially in case of Slovakia. The low per-formance is attributable to both lagging innovation capabilities in the business sector and an insufficient contribution of public research organizations to the innovation system. There is a need for more stable governance of the innovation system and a more evidence-based approach to policy making in the area of science, technology and innovation policy.

Is China Catching Up?

2017 ◽  
pp. 465-520 ◽  
Author(s):  
Petr Hanel
Keyword(s):  
Medical Devices ◽  
Basic Research ◽  
The West ◽  
Scientific Publications ◽  
Catching Up ◽  
The Us ◽  
Health Related ◽  
Latecomer Firms ◽  
Innovative Industry ◽  
Insight Into

The chapter examines whether Chinese health-related biotechnology is catching up with leaders in the field. The approach is inspired by Malerba's Sectoral System of Innovation and Production, complemented by Mathew's insight into strategies for latecomer firms. The results show that Chinese scientists are quickly catching up in the output of scientific publications. However, the basic research remains insufficient for the development of a sustainable, innovative industry. The industrial production of biotechnology-based manufacturing of drugs and medical devices is growing slower than their knowledge base. Most firms still manufacture under license or contract low-value “me too” generic pharmaceutical and biosimilar ingredients medicines. The intensity of R&D and patenting in China increased dramatically, especially in the foreign-invested firms but China's share of biotechnology patenting in the US, EPO and Japan are very low. In summary, Chinese biotechnology ‘industry' is catching up with the West, but it has a long way to go.

scholarly journals Investment and performance of firms: Correlation or causality?

2008 ◽  
Vol 6 (2) ◽  
pp. 268-282 ◽  
Author(s):  
Almas Heshmati ◽  
Hans Lööf
Keyword(s):  
Performance Indicators ◽  
Value Added ◽  
Physical Capital ◽  
Significant Heterogeneity ◽  
Firm Level ◽  
Vector Autoregressive ◽  
Performance Variables ◽  
Show Evidence ◽  
And Performance ◽  
Performance Behavior

This paper provides an empirical analysis of the two-way causal relationship between investment and performance indicators at the firm level. The performance variables include sales, value added, profit, cash flow, capital structure and employment. The investment variables are research and development and physical capital. A multivariate vector autoregressive approach is applied to a panel of Swedish firms observed between 1992 and 2000. Results show evidence of some two-way causal relationships, which are mainly transitory in character. Significant heterogeneity is observed in the firms’ investment and performance behavior by their size.

Relation of Statistically Significant, Abnormal, and Typical WAIS-R VIQ-PIQ Discrepancies to Full Scale IQs

2000 ◽  
Vol 16 (2) ◽  
pp. 107-114 ◽  
Author(s):  
Louis M. Hsu ◽  
Judy Hayman ◽  
Judith Koch ◽  
Debbie Mandell
Keyword(s):  
Graphical Method ◽  
The United States ◽  
Full Scale ◽  
True Score ◽  
Absolute Value ◽  
Normative Population ◽  
The Us ◽  
The Mean ◽  
And Performance ◽  
Quadratic Models

Summary: In the United States' normative population for the WAIS-R, differences (Ds) between persons' verbal and performance IQs (VIQs and PIQs) tend to increase with an increase in full scale IQs (FSIQs). This suggests that norm-referenced interpretations of Ds should take FSIQs into account. Two new graphs are presented to facilitate this type of interpretation. One of these graphs estimates the mean of absolute values of D (called typical D) at each FSIQ level of the US normative population. The other graph estimates the absolute value of D that is exceeded only 5% of the time (called abnormal D) at each FSIQ level of this population. A graph for the identification of conventional “statistically significant Ds” (also called “reliable Ds”) is also presented. A reliable D is defined in the context of classical true score theory as an absolute D that is unlikely (p < .05) to be exceeded by a person whose true VIQ and PIQ are equal. As conventionally defined reliable Ds do not depend on the FSIQ. The graphs of typical and abnormal Ds are based on quadratic models of the relation of sizes of Ds to FSIQs. These models are generalizations of models described in Hsu (1996) . The new graphical method of identifying Abnormal Ds is compared to the conventional Payne-Jones method of identifying these Ds. Implications of the three juxtaposed graphs for the interpretation of VIQ-PIQ differences are discussed.

Searching for new Sources of growth. Are the Developing Countries Catching up with the Developed ones?

2015 ◽  
pp. 30-53
Author(s):  
V. Popov
Keyword(s):  
Developing Countries ◽  
Western Europe ◽  
Gdp Per Capita ◽  
The West ◽  
Catching Up ◽  
The Us ◽  
The World ◽  
Economic Divergence ◽  
Per Capita ◽  
Relative Standing

This paper examines the trajectory of growth in the Global South. Before the 1500s all countries were roughly at the same level of development, but from the 1500s Western countries started to grow faster than the rest of the world and PPP GDP per capita by 1950 in the US, the richest Western nation, was nearly 5 times higher than the world average and 2 times higher than in Western Europe. Since 1950 this ratio stabilized - not only Western Europe and Japan improved their relative standing in per capita income versus the US, but also East Asia, South Asia and some developing countries in other regions started to bridge the gap with the West. After nearly half of the millennium of growing economic divergence, the world seems to have entered the era of convergence. The factors behind these trends are analyzed; implications for the future and possible scenarios are considered.

Physical and performance variables for talent identification in water polo

2020 ◽  
Vol 60 (10) ◽  
Author(s):  
Valerio Viero ◽  
Tamara Triossi ◽  
Daniele Bianchi ◽  
Alessandro Campagna ◽  
Giovanni Melchiorri
Keyword(s):  
Talent Identification ◽  
Performance Variables ◽  
Water Polo ◽  
And Performance

scholarly journals Firm Level Strategy, Organization Culture and Performance of Food and Beverage Manufacturing Firms in Kenya

2018 ◽  
Vol 13 (8) ◽  
pp. 224 ◽  
Author(s):  
Zachary B. Awino ◽  
Dominic C. Muteshi ◽  
Reginah K. Kitiabi ◽  
Ganesh P. Pokhariyal
Keyword(s):  
Policy Formulation ◽  
Manufacturing Firms ◽  
Organization Culture ◽  
Hierarchical Regression ◽  
Firm Level ◽  
Food And Beverage ◽  
Improved Performance ◽  
And Performance ◽  
The Impact ◽  
The Relationship

The study tested the impact of organization culture on the on the relationship between firm-level strategy and performance of food and beverage manufacturing firms in Kenya. The opinion of the CEO/MDs from 125 firms in this sector was sought by application of a structured questionnaire; the collected data was analysed using hierarchical regression analysis. The paper stated hypothesis that organizational culture has a significant effect on the relationship between firm-level strategy and performance. The results supported the hypothesis. Therefore, firm development of strong organization culture to support firm-level strategy for higher performance is paramount. These findings will contribute to government policy formulation for sector’s expansion and competitiveness and management drives in building a positive organization culture to support firm-level strategy for improved performance.

Global policy convergence through “distributed governance”? The emergence of “national” education standards in the US and Germany

2015 ◽  
Vol 31 (1) ◽  
pp. 10-33 ◽  
Author(s):  
Sigrid Hartong
Keyword(s):  
Core Curriculum ◽  
State Standards ◽  
Education Standards ◽  
Global Policy ◽  
Policy Convergence ◽  
National Education ◽  
Policy Sector ◽  
The Us ◽  
And Performance ◽  
National Education Standards

This article focuses on the discussion of global policy convergence through the implementation of “distributed governance” within the education policy sector. Here, the focus is directed at the emergence of national education standards (NES) as a simultaneous instrument of fair school control and performance increase. Both the US and Germany show a high traditional resistance to nationally centralised educational control, but experienced a massive transformation in this direction by the recent implementation of a national core curriculum initiative (National Education Standardsin Germany andCommon Core State Standardsin the US). This article will rely on global governance and distributed governance research, focusing on the concept of “heterarchies”, to analyse the interplay of global and national contexts in the case of the rise of NES in the US and Germany, ultimately showing the concepts' contributions (and limits) to explain policy convergence.

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