Entrepreneurial growth, value creation and new technologies

Audretsch, David B.; Belitski, Maksim; Caiazza, Rosa; Chowdhury, Farzana; Menter, Matthias

doi:10.1007/s10961-023-10034-w

Cited by 12 publications

(4 citation statements)

References 99 publications

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“…Industry knowledge spillovers are an attractive source of external knowledge for innovation from industry. Their unique phenomenon is based on the "non-excludability" of knowledge (Audretsch & Keilbach, 2007: 1246 created by the third organizations, which is used by pro-active firms who access knowledge spillovers to innovate (Audretsch et al, 2023). While the members of competitor firms share common knowledge and other resources (Gong et al, 2013), knowledge spillovers allow innovators to use knowledge independently of industry competitors as a positive externality.…”

Section: Knowledge Spillovers Randd and Innovation Typesmentioning

confidence: 99%

“…Second, by exploring both the firm's R&D investment and external knowledge transfer via coopetition or spillovers, we can identify and gain in-depth knowledge regarding how certain types of resource acquisition activity influence firms resource endowment (Helfat & Peteraf, 2003;Spithoven et al, 2010) and why a firm decides to engage in a specific type of innovation (Audretsch et al, 2023;Hsieh et al, 2018).…”

Section: Introductionmentioning

confidence: 99%

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Knowledge investment and search for innovation: evidence from the UK firms

Audretsch,

Belitski,

Chowdhury

2024

J Technol Transf

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Recent research on innovation management and knowledge transfer has demonstrated that industry knowledge collaboration and knowledge spillovers matter for innovation, but so does a firm's Research and Development (R&D). Conditional to a firm's R&D investment, this study makes a theoretical investigation into the role of two knowledge transfer strategies—industry coopetition and industry knowledge spillovers for a firm's innovation. Based on an analysis of a sample of 17,859 UK firms from 2002 to 2014, we demonstrated why and under what conditions firms will (a) invest in internal R&D, (b) engage in coopetition, and (c) access knowledge spillovers to introduce new to firm (incremental innovation) and new to market products (radical innovation). The results of this study demonstrate that firm managers who choose knowledge spillovers versus coopetition are likely to achieve radical vis-à-vis incremental innovation. Benefits from the coopetition can be achieved with low investment in R&D, while R&D is essential in recognizing the knowledge spillover for radical innovation. By deciding whether to deploy its costly R&D and access external knowledge via industry coopetition or spillovers, the firm is also making a concomitant decision about the type of innovative activity it will generate. Thus, a firm strategy for knowledge transfer and investing in knowledge internally is inextricably linked to a firm strategy involving the type of innovative output.

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Section: Knowledge Spillovers Randd and Innovation Typesmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Knowledge investment and search for innovation: evidence from the UK firms

Audretsch,

Belitski,

Chowdhury

2024

J Technol Transf

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“…Moreover, BCT can help economic agents connect and re-combine internal resources and capabilities with those available externally (Audretsch et al, 2023). This means that BCT can enhance collaborative partnerships by facilitating both auditability and accountability, by improving data and information transparency, and by strengthening trust in B2B relationships (Rejeb et al, 2021).…”

Section: Blockchain and Collaborative Partnerships For Sustainabilitymentioning

confidence: 99%

“…This is a major issue since the effectiveness of BCT for environmental sustainability relies on fully exploiting the collaborative potential of BCT for ensuring the diffusion of such technology on a wider scale. Although the introduction of new technologies enables greater social and digital engagement with SME's stakeholders, as well as reducing their transaction and operational costs (Audretsch et al, 2023), SMEs are usually reluctant to start a process of digitalization for environmental sustainability (European Commission, 2020a;2021c). This is often due to their limited financial and organizational resources (Clohessy & Acton, 2019;European Commission, 2020b;OECD, 2019) as well as to a lack of awareness about how to integrate sustainability into their business models (European Commission, 2020b).…”

Section: Innovation Intermediariesmentioning

confidence: 99%

Blockchain unlocking collaborative opportunities for environmental sustainability through innovation intermediaries

Spigarelli,

Compagnucci,

Lepore

2024

J Technol Transf

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This paper delves into the growing need for collaborative technological solutions to address environmental challenges, with a focus on the underexplored potential of Industry 4.0 technologies, in particular as regards blockchain technology (BCT) in small and medium-sized enterprises (SMEs). Recognizing the obstacles faced by SMEs when embracing green and digital transformation, this research aims to investigate how innovation intermediaries are able to unlock the collaborative potential of BCT for SMEs so as to enhance their environmental sustainability. When assessing and analysing the role of innovation intermediaries, we have also considered their interconnections and interactions with other actors: universities, government institutions and firms (the so-called “stakeholders”). Our research is based on a multiple case study of a still largely unexplored intermediary in the European context, the digital innovation hub (DIH), which extends the applicability of the technological innovation system framework. This approach contributes to research both on innovation intermediaries and on the development of collaborative partnerships for digitalization. The findings reveal the challenges encountered by DIHs, particularly in legitimizing BCT-based solutions. To address these, identified, weaknesses, the paper proposes a conceptual roadmap aimed at improving collaboration among DIHs, SMEs, and their stakeholders. This roadmap outlines three essential functions: enabling, core, and facilitating effective partnerships and innovation processes.

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Entrepreneurial growth in digital business ecosystems: an integrated framework blending the knowledge-based view of the firm and business ecosystems

et al. 2023

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Digitalisation is shaping the contemporary technological context of entrepreneurial activities, where firms grow through interacting with digital ecosystem stakeholders. This study investigates how incumbent firms seek entrepreneurial growth by re-configurating their knowledge bases in digital business ecosystems. We propose and develop a conceptual framework that blends the digital business ecosystem perspective and the knowledge-based view of the firm. Through a longitudinal case study of a Chinese textile manufacturing firm, we identify three pathways for entrepreneurial growth. The results contribute to the entrepreneurship literature by demonstrating how digital technologies foster corporate entrepreneurship in incumbent firms. The proposed framework extends the analytical power of the knowledge-based view by incorporating ecosystem elements into the firm’s internal and external knowledge management. The findings also generate relevant and actionable managerial implications for entrepreneurs, managers, and policymakers that are applicable in the context of digital business ecosystems.

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Entrepreneurial growth, value creation and new technologies

Cited by 12 publications

References 99 publications

Knowledge investment and search for innovation: evidence from the UK firms

Knowledge investment and search for innovation: evidence from the UK firms

Blockchain unlocking collaborative opportunities for environmental sustainability through innovation intermediaries

Entrepreneurial growth in digital business ecosystems: an integrated framework blending the knowledge-based view of the firm and business ecosystems

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