Endogenous product differentiation and international R&amp;D policy

Hoefele, Andreas

doi:10.1016/j.iref.2015.07.005

Cited by 4 publications

(2 citation statements)

References 15 publications

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“…Product differentiation can help an enterprise's products become distinct from other homogeneous products (Hoefele, 2016), gain preferences from consumers, and enhance the competitiveness of enterprises (Lin and Wu, 2007). Especially, in the context of increasingly diverse and personalized consumer demands (Munirul et al, 2017), product differentiation has widely become the main source of corporate competitiveness (Chen et al, 2015).…”

Section: Mediating Variablesmentioning

confidence: 99%

An empirical study on technological innovation and corporate competitiveness of listed coal-to-liquids companies in China

Song

Wang²,

Wang³

2022

Front. Environ. Sci.

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Technological innovation in the CTL1 industry is an important direction for China’s future development. Taking the China’s listed CTL companies as samples, this study makes an empirical test on the relationship between technological innovation capabilities and corporate competitiveness of CTL companies, and explores the regulating effect of enterprise scales on the relationship between technological innovation capabilities and corporate competitiveness, as well as the mediating effect of product differentiation on this relationship. It is found that the investment capacity of CTL enterprises for technological innovation has a significant driving effect on their competitiveness (with the correlation coefficient of 0.017), the output capacity of technological innovation has no remarkable effect on the promotion of the enterprises’ competitiveness (with the correlation coefficient of 0.0298), enterprise scales have a positive regulating effect on the relationship between technological innovation input and output capabilities and corporate competitiveness (with the coefficient of the interaction term of 0.3870 and 0.0002 respectively), and product differentiation plays a mediating effect on this relationship (with the coefficient of the interaction term of 0.147 and 0.096 respectively). From the results, it can be said that increasing R&D expenses of enterprises, encourage the cultivation and introduction of high-end R&D talents as well as strengthen technological innovation and enhance product differentiation can help to improve CTL enterprises’ competitiveness. The conclusions of this study can provide theoretical bases for CTL enterprises to hike and improve their competitiveness in terms of technological innovation.

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Section: Mediating Variablesmentioning

confidence: 99%

An empirical study on technological innovation and corporate competitiveness of listed coal-to-liquids companies in China

Song

Wang²,

Wang³

2022

Front. Environ. Sci.

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“…216–217) 2 . Although there exist several articles devoted to showing that (exogenous) product differentiation softens competition (see, e.g., the early works of d'Aspremont et al, 1979; Shaked & Sutton, 1982, 1987), there were a few contributions on the side of the endogenous choice of the extent of product differentiation in two‐stage games (Bernhofen & Bernhofen, 1999; Ferguson, 2015; Hoefele, 2016; Lambertini, 1996; Lambertini & Rossini, 1998; Lorz & Wrede, 2009). The present article relates more closely to the works of Lambertini and Rossini (1998) and Bernhofen and Bernhofen (1999) (LR and BB, henceforth).…”

Section: Introductionmentioning

confidence: 99%

A product innovation game with managerial delegation

Fanti,

Gori

2023

Manage Decis Econ

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This research introduces sales delegation in a product innovation game by considering Cournot and Bertrand duopolies. The article first revisits the existing results with profit‐maximising firms, showing that a prisoner's dilemma with undifferentiated products cannot occur in a Bertrand rivalry setting. Then, by considering the separation between ownership and control, the work shows, when managers are delegated to choose only over quantity or price in the product market, that sales delegation (1) increases (resp. reduces) the likelihood to innovate (not to innovate) under Cournot competition, and (2) increases the likelihood to innovate under Bertrand competition compared to the profit‐maximising setting. Unlike this, if managers are delegated to choose over quantity or price in the product market and product innovation is in the decision‐making stage, sales delegation reduces the likelihood of innovation in both Cournot and Bertrand rivalry settings. Overall, results pinpoint the importance of the managerial delegation in affecting investments in product innovation compared to the profit‐maximising model.

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