Product market competition and the value of innovation: Evidence from US patent data

Im, Hyun; Park, Young Joon; Shon, Janghoon

doi:10.1016/j.econlet.2015.10.017

Cited by 31 publications

(17 citation statements)

References 12 publications

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“…In terms of industrial policy, the findings of this study demonstrate the important role of government factors in green innovation. The investment of sports goods manufacturing enterprises in green innovation is used to obtain the benefits of industrial policy and meet the requirements of government, which also supports the findings of Im et al (2015). This study explains the impact of competition environment and macro policy on green innovation, and demonstrates the driving role of external factors in R&D activities.…”

Section: Robustness Testsupporting

confidence: 75%

“…Le et al (2021) described the product market competition from the micro perspective, and found that the promotion effect of competition on corporate innovation is more significant in SMEs, indicating that SMEs need to use innovation outcomes to alleviate the pressure of product market competition (Le et al, 2021). In terms of the inhibition of product market competition, competition may reduce the demand of manufacturing enterprises for green innovation (Weiss and Wittkopp, 2005;Im et al, 2015). Ayyagari et al (2011) pointed that the negative impact of product market competition on green innovation is mainly due to the increase in financial constraints (Ayyagari et al, 2011).…”

Section: Product Market Competition and Green Innovationmentioning

confidence: 99%

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How to Enhance the Green Innovation of Sports Goods? Micro- and Macro-Level Evidence From China’s Manufacturing Enterprises

Cheng-yin

Ying

2022

Front. Environ. Sci.

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This study aims to explore the driving factors of green innovation, and uses the micro- and macro-data from China’s sports goods manufacturing industries. In particularly, sports goods manufacturing enterprises are identified by the textual analysis of information disclosure, and the competitive environment faced by each enterprise is built through their unique closest rivals. Empirically, this study finds that competition and policy can promote green innovation in sports goods manufacturing industries, and industrial policy can moderate the role of product market competition in promoting green innovation. Considering the characteristics of the Chinese market, more industrial policies may intensify the competition among manufacturing enterprises, forcing such enterprises to obtain competitive advantages through innovation outcomes. It is worth noting that the association between product market competition and green innovation changes as financial constraints increase, and this may be caused by the impact of industrial policy on the interactions among enterprises. After implementing the strict environmental policy, product market competition and industrial policy can both promote green innovation. In high-polluting industries, sports goods manufacturing enterprises get more social attention and suffer from higher penalties for environmental violations, so that such enterprises will get more motivations from industrial policies to support green innovation. In addition, we also find that there is a significant inverted-U shape relationship between industrial policy and green innovation in sports goods manufacturing industries. As financial constraints increase, the non-linear relationship between product market competition and green innovation converts from a U shape relationship to an inverted-U shape relationship. Our findings can provide a better understanding of the investment of sports goods manufacturing enterprises in green innovation.

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Section: Robustness Testsupporting

confidence: 75%

Section: Product Market Competition and Green Innovationmentioning

confidence: 99%

How to Enhance the Green Innovation of Sports Goods? Micro- and Macro-Level Evidence From China’s Manufacturing Enterprises

Cheng-yin

Ying

2022

Front. Environ. Sci.

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“…Faced with import competition, firms in rich economies are inclined to specialize in a specific segmented market and produce highly differentiated products, which can reflect a dynamic productivity gain. In addition, Im et al [ 21 ] found that there is an inverted U-shaped relationship between competition, measured by Lerner Index or price-cost margin, and innovation by using UK panel data. More specifically, Im et al [ 21 ] pointed out that there is a higher possibility that the escape-competition effect dominates over the Schumpeter effect under low competition level while the Schumpeter effect becomes more dominant with the increase in competition level.…”

Section: Literature Reviewmentioning

confidence: 99%

Relationship between economic liberalization and intellectual property protection with regional innovation in China. A case study of Chinese provinces

Qayyum

et al. 2022

PLoS ONE

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International openness can affect regional innovation through more export opportunities, enhanced import competition and the spillover effects of foreign direct investment. Many studies have been conducted based on different countries for capturing the determinants of regional innovation, but very little literature is available with contradictory findings for the case of China. Based on 19 years’ panel data of 31 Chinese provinces, this paper analyzes the impact of international openness on regional innovation measured by the number of patent grants. The positive effects of overall trade and a higher proportion of exports and imports to GDP are significant and robust across different model specifications, indicating that an increase in international openness can promote regional innovating activities in China. The causal relationship of all the variables depicted by path analysis matches the results of the system GMM model. Higher intellectual property protection provides each region with the opportunity to obtain economic benefits from innovation and then make a higher investment in R&D activities. Besides, the lag effect of regional innovation capability can also explain a large part of local innovating activities. In our subsample regressions, the positive effect of trade openness on innovation is majorly manifested in developed areas like eastern provinces.

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“…Selain hasil penelitian yang menunjukkan bahwa inovasi produk mampu meningkatkan kinerja, masih ada hasil penelitian yang menunjukkan hasil yang sebaliknya, yaitu inovasi produk tidak mampu meningkatkan kinerja UKM. Hal ini terungkap pada penelitian yang dilakukan oleh Loof & Heshmati (2002) ; Vermeulen et al (2005); Hashi & Stojčić (2013); Guisado-González et al (2013);Campo et al (2014); dan Im et al (2015).…”

Section: Pendahuluanunclassified

Peran Inovasi Produk Memediasi Orientasi Pasar Terhadap Kinerja UKM Kerajinan Endek Di Kabupaten Klungkung

Putri¹,

Yasa²,

Giantari³

2018

inobis

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AbstrakPersaingan dalam bisnis membuat pengusaha dituntut untuk dapat mengerti dan memahami apa yang terjadi di pasar dan mengetahui apa yang dibutuhkan oleh konsumen. Penelitian ini bertujuan untuk menjelaskan pengaruh orientasi pasar terhadap inovasi produk pada UKM kerajinan endek, untuk menjelaskan pengaruh inovasi produk terhadap kinerja UKM, dan orientasi pasar terhadap kinerja UKM kerajinan endek, serta menjelaskan peran inovasi produk dalam memediasi hubungan orientasi pasar dengan kinerja UKM kerajinan endek di Kabupaten Klungkung. Populasi dalam penelitian ini adalah UKM kerajinan endek di Kabupaten Klungkung yang terdaftar di Dinas Perindustrian dan Perdagangan Provinsi Bali tahun 2016. Penentuan sampel menggunakan metode purposive sampling, yaitu hanya pada UKM kerajinan endek yang masih beroperasi saat sekarang, sebanyak 37 usaha sebagai unit analisis. Data dianalisis menggunakan teknik Analisis Jalur (Path Analysis). Hasil penelitian menunjukkan bahwa Orientasi Pasar berpengaruh positif dan signfikan terhadap Inovasi Produk UKM kerajinan endek di Kabupaten Klungkung. Inovasi Produk berpengaruh positif signifikan terhadap Kinerja UKM kerajinan endek, dan Orientasi Pasar juga berpengaruh positif dan signifikan terhadap Kinerja UKM kerajinan endek di Kabupaten Klungkung. Inovasi Produk secara signifikan memediasi pengaruh Orientasi Pasar terhadap Kinerja UKM kerajinan endek di Kabupaten Klungkung.Kata kunci: Orientasi Pasar, Inovasi Produk, Kinerja UKM. PendahuluanDunia usaha saat ini mengalami perkembangan yang cukup pesat, banyak bermunculan Usaha Kecil dan Menengah (UKM) hingga usaha yang besar, saat ini semakin berkembang dan semakin banyak pesaing yang tidak dapat dihindari. Adanya persaingan membuat perusahaan dihadapkan pada berbagai peluang dan ancaman. Pesaing dalam bisnis membuat pengusaha dituntut untuk dapat mengerti dan memahami apa yang terjadi di pasar dan mengetahui apa yang dibutuhkan oleh konsumen (Salman, 2015;Pripty & Alimehmeti, 2017)). Adanya tekanan bisnis dari pesaing yang kuat, secara tidak langsung mempengaruhi kinerja pemasaran yang dialami oleh UKM. Persaingan bisnis yang begitu ketat mengharuskan perusahaan untuk lebih meningkatkan daya saing produk, karena keberhasilan suatu produk akan berpengaruh pada kinerja pemasarannya. Salah satu langkah strategis dalam rangka mengatasi masalah tersebut adalah dengan mengembangkan inovasi produk, dikarenakan inovasi produk merupakan salah satu cara untuk meningkatkan daya saing yang berdampak pada peningkatan kinerja usahanya, dan pada akhirnya UKM mampu berkembang UKM serta membantu meningkatkan perekonomian dan pendapatan daerah (Usvita, 2015).

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Product market competition and the value of innovation: Evidence from US patent data

Cited by 31 publications

References 12 publications

How to Enhance the Green Innovation of Sports Goods? Micro- and Macro-Level Evidence From China’s Manufacturing Enterprises

How to Enhance the Green Innovation of Sports Goods? Micro- and Macro-Level Evidence From China’s Manufacturing Enterprises

Relationship between economic liberalization and intellectual property protection with regional innovation in China. A case study of Chinese provinces

Peran Inovasi Produk Memediasi Orientasi Pasar Terhadap Kinerja UKM Kerajinan Endek Di Kabupaten Klungkung

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