Moderating effects of legitimacy on the liability- and R&amp;D investment-innovation relationships in manufacturing SMEs

Kim, KonShik

doi:10.1080/19761597.2019.1594321

Cited by 7 publications

(4 citation statements)

References 53 publications

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“…[ 39 ] mentioned that digital technology encourages firms to flexibly innovate. Both innovation awareness and R&D investment can touch the innovation output of firms [ 40 , 41 ]. Based on the above theoretical analysis, the following hypotheses are proposed.…”

Section: Literature Review and Research Hypothesesmentioning

confidence: 99%

The impact of digital transformation on innovation performance - The mediating role of innovation factors

Chen

Kim

2023

Heliyon

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Section: Literature Review and Research Hypothesesmentioning

confidence: 99%

The impact of digital transformation on innovation performance - The mediating role of innovation factors

Chen

Kim

2023

Heliyon

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“…On the one hand, digital innovation theory holds that firms will invest more in innovation activities among themselves in order to make better products in the digital economy (Wen et al, 2022a;Wen et al, 2022b). In order to implement innovation-driven development strategies and enhance their competitive advantages in the industry, construction enterprises will inevitably increase their R&D efforts and investments in digital construction technology and other key core technologies (Wu et al, 2021), thereby enhancing innovation output (Kim, 2019). Pecking order theory states that since the cost of external financing is higher than the cost of internal financing, the company can only rely heavily on internal financing, resulting in underinvestment (Myers and Majluf, 1984).…”

Section: Digital Construction Enterprise Randd Innovation Capability ...mentioning

confidence: 99%

Can the development of digital construction reduce enterprise carbon emission intensity? New evidence from Chinese construction enterprises

Yang,

Lei,

Wang

2023

Front. Ecol. Evol.

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IntroductionWith the rapid development of digital technology and its deep integration with the engineering and construction field, digital construction has become an effective way for low-carbon transformation in the construction industry. However, there is a gap of empirical research between digital construction and carbon emissions. MethodsThis paper empirically investigates the impact of digital construction level on carbon emission intensity and the mechanism of action by using the two-way fixed effects model and mechanism testing based on the panel data of 52 Shanghai and Shenzhen A-share listed companies in China’s construction industry from 2015 to 2021. ResultsThe findings indicate that the improvement of digital construction level can significantly decrease the carbon emission intensity of construction enterprises, and the conclusions still hold after robustness tests and discussions on endogeneity issues such as replacing core explanatory variables, replacing models, using instrumental variables method, system GMM model and difference in differences model. According to a mechanism analysis, digital construction can curb carbon emission intensity by enhancing the R&D innovation capacity and total factor productivity of enterprises. Furthermore, the heterogeneity analysis shows that the improvement of digital construction level in state-owned enterprises as well as civil engineering construction enterprises can better contribute to reducing carbon emission intensity. DiscussionThis paper will provide a reference for the synergistic optimization of digital construction development and carbon emissions reduction in construction enterprises. The research conclusions are going to promote the digital transformation of the construction industry to accelerate the achievement of the carbon peaking and carbon neutrality goals.

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“…Because definitively, MSMEs have a small size, MSMEs have a liability of smallness (Quacoe et al, 2018). This liability creates various obstacles for MSMEs to be able to increase their production (Kim, 2019). Various forms of obstacles faced by MSMEs include industry-specific obstacles as well as obstacles in cooperation, protecting copyrights, entering markets, to financing constraints (Bianchi & Wickramasekera, 2016;Holl & Rama, 2014;Meijer et al, 2019;Mendy & Rahman, 2019).…”

Section: Literature Review and Hypothesesmentioning

confidence: 99%

The Urgency of Foreign Direct Investment in Micro, Small, and Medium Enterprises Financing Framework: The Case of Indonesia

Kaukab

2023

Business: Theory and Practice

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This research aims to check whether the rate of production growth in the MSME sectors open to foreign direct investment (FDI) was lower than in the closed MSME sectors before the policy in 2016 and whether the growth rate of the open MSME sectors’ production lower than the closed MSME sectors after the policy in 2016. The study covers a period of 9 years from 2011 to 2020 based on the data from Indonesian Statistics Bureau. Data used was industrial sectors’ performance, classified into closed and open for FDI sectors. The classification is defined based on Presidential Regulation No. 44 of 2016. In total there are 13 closed and 10 open sectors. We analyse the data using t-test analysis between closed and open FDI industrial sectors. The results of the study found that the performance of open MSMEs was significantly lower than the performance of closed MSMEs, both before and after the liberalization. Therefore, the government must relax the requirements given to investors to invest in open MSMEs.

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Moderating effects of legitimacy on the liability- and R&D investment-innovation relationships in manufacturing SMEs

Cited by 7 publications

References 53 publications

The impact of digital transformation on innovation performance - The mediating role of innovation factors

The impact of digital transformation on innovation performance - The mediating role of innovation factors

Can the development of digital construction reduce enterprise carbon emission intensity? New evidence from Chinese construction enterprises

The Urgency of Foreign Direct Investment in Micro, Small, and Medium Enterprises Financing Framework: The Case of Indonesia

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