Innovation source, advancement stage and company stock returns

Szutowski, Dawid

doi:10.1080/02642069.2018.1450869

Cited by 10 publications

(7 citation statements)

References 30 publications

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“…As far as in‐house development is concerned, the study provided important insights into the previous inconclusive findings. Szutowski () showed that collaborative development in relation to in‐house development is negatively perceived by the market in the short term and positively in the long run. However, the above results provide further explanation.…”

Section: Resultsmentioning

confidence: 99%

“…As far as in-house development is concerned, the study provided important insights into the previous inconclusive findings. Szutowski (2018b) showed that collaborative development in relation to in-house devel- Source. Authors.…”

Section: Resultsmentioning

confidence: 99%

“…At the same time, existing evidence shows that companies may profit from adapting innovations from other sources (Roper, Love, & Bonner, ). Szutowski () found that the short‐term impact of innovation announcements on abnormal stock market returns is positive, and events connected with in‐house innovations are more influential than those linked to collaborative development. On the other hand, in the long‐term perspective, the market effectiveness of imitation and collective learning is stronger.…”

Section: Theory and Hypothesesmentioning

confidence: 99%

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The impact of localized innovations on the stock returns of tourism companies

Napierała

Szutowski

2018

Journal of Tourism Research

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The aim of this study was to determine the role of source of innovation, its degree of novelty, and their interaction in shaping tourism companies' stock returns in different geographical contexts. The research employed the buy‐and‐hold method. It included 378 innovation announcements released in the years 2011–2016 for 111 tourism companies operating in European Union countries. Findings suggest that abnormal returns for the companies listed in the innovation leading countries were significantly smaller than those for the moderate innovators group. The study proposes a novel, geographical perspective to the analysis of the effects of innovation on stock returns in tourism.

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Section: Resultsmentioning

confidence: 99%

Section: Resultsmentioning

confidence: 99%

Section: Theory and Hypothesesmentioning

confidence: 99%

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The impact of localized innovations on the stock returns of tourism companies

Napierała

Szutowski

2018

Journal of Tourism Research

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“…Despite the time and effort needed to develop innovation and introduce it to the market, once it is introduced it is likely to improve financial performance and stock market returns (Sood and Tellis, 2009). In spite of the general supposition that the implementation of innovation is beneficial for companies (Lee and O’Connor, 2012), the effects produced by particular ones tend to be very different (Szutowski, 2018a). Therefore, there still seems to be room for further scientific investigation.…”

Section: Introductionmentioning

confidence: 99%

The impact of eco-innovation on the stock returns of technology-based KIBS: role of eco-innovation type and its degree of novelty

Szutowski

2020

SAMPJ

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Purpose The purpose of this paper is to determine the role of eco-innovation type and its degree of novelty in increasing the stock returns of technology-based knowledge-intensive business service companies (T-KIBS), to advance the development of the concept of eco-innovation within the literature on the effects of innovation. Design/methodology/approach The effects of four eco-innovation types were examined across three degrees of novelty involved. The event study methodology was applied to the sample of 238 eco-innovation announcements released during the period of January 2016–June 2019 (inclusive) by European T-KIBS. Findings While the implementation of product and organisational eco-innovation was the most beneficial, the results indicated that a high degree of novelty resulted in larger increase of stock returns in the case of all the four eco-innovation types. Research limitations/implications The eco-innovation announcements were gathered from specialised databases. However, it could be the case that companies may have used different communication channels (e.g. social media) to communicate innovation. Furthermore, a certain amount of bias undoubtedly exists, as the data came only from the European Union. Expanding the spatial scope to include the North American (especially the USA) and Asian economies appears necessary. Practical implications The practical insights into the role that the degree of novelty plays in eco-innovation announcements were formulated, which may be used to increase the market valuation of the firm. Social implications Strategies supporting eco-innovation are crucial for business development as the value created for the stakeholders involved transmits in time into the enterprise value. Originality/value The paper attempts to fill the research gap concerning the impact of eco-innovation on the stock returns of T-KIBS.

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“…The above mentioned issues have so far been mostly set aside by ICT developers in the pursuit of short-term profits attributed to increased technology sales or due to the sustained novelty effect assigned to technology use in tourism (Gronflaten, 2009;Guttentag, 2010;Jung, Kim, & Farrish, 2014;Szutowski, 2018). As part of a solution, mostly technical approaches for particular elements of ICT design have been examined (Ballagas et al, 2007;Chiu & Leung, 2005;Manes, 2001;Paganelli, Bianchi, & Giuli, 2007;Petersen & Kofod-Petersen, 2006) or the ICT shortcomings are partially addressed with the improvement of system's quality and its technical reliability, interacting capabilities, or the service itself (Stankov, Filimonau, & Slivar, 2018).…”

Section: Introductionmentioning

confidence: 99%

Reviving calm technology in the e-tourism context

Stankov

Filimonau

2018

The Service Industries Journal

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Tourism industry practitioners should understand the controversial nature of the information and communication technology (ICT) proliferation to ensure the ICT solutions do not consume too much of their attention, thus jeopardizing consumer enjoyment of tourism services. The concept of calm technology or calm design serves this purpose. Calm design suggests that technology should quietly recede in the background and come into play with users when and if required, thus delivering and/or enhancing a desired experience. Although this concept is of relevance to e-tourism, until recently, it has never been considered within. This is where this paper contributes to knowledge as, for the first time, it introduces calm design into the e-tourism context and critically evaluates the determinants of its broader adoption within the tourism industry. It positions calm design within the etourism realm, discusses its implications for customer service management, supply chain management and destination management, and discloses opportunities for future research.

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Innovation source, advancement stage and company stock returns

Cited by 10 publications

References 30 publications

The impact of localized innovations on the stock returns of tourism companies

The impact of localized innovations on the stock returns of tourism companies

The impact of eco-innovation on the stock returns of technology-based KIBS: role of eco-innovation type and its degree of novelty

Reviving calm technology in the e-tourism context

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