Patenting in 4IR technologies and firm performance

Benassi, Mario; Grinza, Elena; Rentocchini, Francesco; Rondi, Laura

doi:10.1093/icc/dtab041

Cited by 19 publications

(5 citation statements)

References 62 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Kovacs et al (2015) introduced a strand of research called “performance-oriented publications,” which demonstrates the positive effect of opening up the innovation process on innovation productivity. Benassi et al (2022) and Bettiol et al (2023) verified an increase in labour productivity adopting technologies in I4.0, while Greco et al (2015) provide empirical evidence linking OI actions and innovation performance.…”

Section: Industry 40 and The Openness Of The Innovation Processmentioning

confidence: 98%

Firm’s openness and innovation in Industry 4.0

Capone,

Innocenti,

Baldetti

et al. 2023

View full text Add to dashboard Cite

Purpose The purpose of this paper is to investigate the role of firms’ features on innovation performance in Industry 4.0, focusing on the concepts of breadth and depth of openness in the innovation process. Design/methodology/approach Using data gathered from 96 firms active in Industry 4.0 (I4.0) in Italy, a Poisson regression analysis is conducted to investigate the relationship between the openness of firms’ innovation processes at the level of knowledge sources and their innovation performance in I4.0. Findings The results highlight the relationship between the level of openness and innovative performance in I4.0. In particular, the breadth of the openness of the innovation process of enterprises is curvilinearly related to innovation in I4.0, taking an inverted U-shape. Practical implications Managers of firms operating in I4.0 should consider openness as a strategic response to the knowledge requirements and risks associated with the innovation process in complex technologies. Originality/value Through the questionnaires administered mainly to highly qualified individuals, an original and unique database has been created with information on the openness of the innovative process and the innovation performances in I4.0.

show abstract

Section: Industry 40 and The Openness Of The Innovation Processmentioning

confidence: 98%

Firm’s openness and innovation in Industry 4.0

Capone,

Innocenti,

Baldetti

et al. 2023

View full text Add to dashboard Cite

show abstract

Section: Controlsmentioning

confidence: 99%

The impact of stakeholder orientation on innovation: An empirical investigation on firm patenting activity

ROMITO,

VURRO,

BENASSI

2023

Sinergie Italian Journal of Management

View full text Add to dashboard Cite

Framing of the research. The paper provides novel insights on how firms can boost innovation output by developing a corporatewide orientation towards stakeholders. It investigates the patenting activities of a sample of U.S. firms using a panel dataset.Purpose of the paper. The aim of the paper is to analyze the effect of firm stakeholder orientation, defined as the adoption of policies and management processes to identify, understand, and integrate the interest of stakeholders in firms' decision making, on innovation output.Methodology. We validate our hypotheses using a panel dataset of 5.608 unique firm-year observation on firms' patenting activity over the period 2002-2012. Results. We find support for our baseline hypothesis on the positive impact of increasing degrees of stakeholder orientation on the quantity of firms' innovation output. Moreover, the degree of stakeholder orientation has a positive impact on innovation radicalness and originality, will decreasing the level of innovation generality.Research limitations. Our work contributes to an emerging debate on the innovation potential of stakeholder orientation. It is based on a direct measure of stakeholder orientation and, based on its methodology, it is not possible to exclude biases related to unobservable managerial preferences. Moreover, we use patents as a proxy for innovation output being aware of its limitation.Managerial implications. Our results suggest the importance of nurturing stakeholder relations to foster knowledge exchange and reciprocal learning, which are crucial for firms' innovativeness. Moreover, our study highlights the importance of stakeholder orientation in the pursuit of radical and original technological trajectories.Originality of the paper. Studies on the innovation impact of stakeholder orientation are still limited and mostly focused on exogenous determinants in limited timeframe. Our study introduces the degree of stakeholder orientation as a key construct to predict innovation that accounts for heterogeneity across firms and stakeholder categories.

show abstract

“…Previous research has submitted that large corporations are likely to patent their innovation as they more likely rely on slack resources (McGahan and Silverman, 2001). Firm size is measure as the natural logarithm of total employees (Benassi et al, 2022). In addition we controlled for the debt-to-equity, the logtransformation of intangibles book value which measures assets such as acquired patents, trademarks, and brands, and for firm performance using return on equity (ROE) Finally, to account for temporal dynamics within sectors we included a year * sector fixed effect the regression models aimed at testing the first set of hypotheses submitted, while in the models aimed at testing the second hypotheses we included firm and year fixed effects.…”

Section: Controlsmentioning

confidence: 99%

Sinergie-SIMA 2022 Management Conference Boosting knowledge & trust for a sustainable business

NOSI¹

2022

Sinergie Italian Journal of Management

View full text Add to dashboard Cite

The resource-based view (RBV) has been one of the most cited streams of research in the management literature. This theory has been one of the few theories completely developed within the management disciplines. Since the initial pioneering research in the 80s and 90s, the study of knowledge-and trust-based resources has interested many theoretical and empirical works concerning many issues: company strategies, mergers and acquisitions, alliances and partnerships, organization and HR, innovation, marketing, consumer behavior, channel relationships, entrepreneurship, internationalization, and more. Today the post-pandemic world presents new challenges for managers, organizations, and researchers on which a deeper understanding of knowledge-and trust-based resources can help and shed a new light.Sustainability and a fast digital transformation are nowadays considered key goals for many companies, managers, public organizations, and governments under the umbrella of EU Next Generation Recovery Plan. The real challenge now is to enhance and leverage the intangible resources heritage -namely knowledge and trust -to get a more sustainable, inclusive and digital world and, as a consequence, for building a better society. In this perspective, also the long-term goals of the firm and its finalism have to be totally re-shaped.Sinergie Italian Journal of Management dedicated a special issue to this topic more than 20 years ago and many scholars have studied and deepened this multi-faced topic with original approaches in our community.

show abstract

Patenting in 4IR technologies and firm performance

Cited by 19 publications

References 62 publications

Firm’s openness and innovation in Industry 4.0

Firm’s openness and innovation in Industry 4.0

The impact of stakeholder orientation on innovation: An empirical investigation on firm patenting activity

Sinergie-SIMA 2022 Management Conference Boosting knowledge & trust for a sustainable business

Contact Info

Product

Resources

About