Industrial and Corporate Change最新文献_第3页

Measuring the macroeconomic responses to public investment in innovation: evidence from OECD countries 衡量对创新公共投资的宏观经济反应：经合组织国家的证据

IF 2.5 4区管理学

Industrial and Corporate Change Pub Date : 2024-01-29 DOI: 10.1093/icc/dtae005

Giovanna Ciaffi, Matteo Deleidi, Mariana Mazzucato

引用次数: 0

Fiscal transfers and common debt in a Monetary Union: a multi-country agent–based stock flow consistent model 货币联盟中的财政转移和共同债务：基于多国代理人的存量流量一致模型

IF 2.5 4区管理学

Industrial and Corporate Change Pub Date : 2024-01-29 DOI: 10.1093/icc/dtae006

Alessandro Caiani, Ermanno Catullo

{"title":"Fiscal transfers and common debt in a Monetary Union: a multi-country agent–based stock flow consistent model","authors":"Alessandro Caiani, Ermanno Catullo","doi":"10.1093/icc/dtae006","DOIUrl":"https://doi.org/10.1093/icc/dtae006","url":null,"abstract":"Using a refined version of our multi-country AB-SFC model of a Monetary Union the paper aims at providing a tentative assessment of the economic effects of transforming the European Monetary Union into an Intergovernmental Fiscal Transfer Union (IFTU) with its own fiscal capacity. Countries contribute proportionally to their GDP, whereas funds are redistributed according to a mechanism that gives more funds to countries performing worse than the average of the Union in cyclical terms. Our simulations show that an IFTU inspired by such a redistribution principle acts as a stabilizer of international trade, allowing us to stabilize and improve the Union GDP performance without affecting the stability of public finances. When the Union is allowed to borrow on capital markets, i.e. in a Fully Fledged Fiscal Transfer Union (FFFTU), these effects are enhanced and a part of the public debt burden shifts from the national to the Union level, leaving the total burden almost stable. An interesting result to assess the political acceptability of the proposal is that “core” countries eventually benefit the most from the introduction of this mechanism, despite being more frequently net contributors. Finally, we show that an FFFTU with common debt might help to soften the impact of an exogenous demand shock, while, because of the fact that it mainly operates as a stabilizer of aggregate demand, it does not seem to provide beneficial effects when facing a supply shock to production.","PeriodicalId":48243,"journal":{"name":"Industrial and Corporate Change","volume":"28 1","pages":""},"PeriodicalIF":2.5,"publicationDate":"2024-01-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139583343","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Regulating short-term rental platforms: the effects of local regulatory responses on Airbnb’s operations in Europe 监管短租平台：地方监管对策对欧洲 Airbnb 运营的影响

IF 2.5 4区管理学

Industrial and Corporate Change Pub Date : 2024-01-10 DOI: 10.1093/icc/dtad075

Michael Wessel, M. J. Schmidt-Kessen, Philipp Hukal

{"title":"Regulating short-term rental platforms: the effects of local regulatory responses on Airbnb’s operations in Europe","authors":"Michael Wessel, M. J. Schmidt-Kessen, Philipp Hukal","doi":"10.1093/icc/dtad075","DOIUrl":"https://doi.org/10.1093/icc/dtad075","url":null,"abstract":"\u0000 Many digital platforms offer services that affect real-world socio-economic processes. One example is the impact of short-term rental platforms such as Airbnb or Wimdu on cities and neighborhoods. Because these platforms often operate in a regulatory void characterized by absent, unclear, or poorly enforced laws and regulations, local governments in affected cities have begun experimenting with a variety of instruments to regulate the operations of short-term rental platforms. In this paper, we report how such locally implemented regulatory responses have affected Airbnb’s operations across 13 European cities over the period from 2015 to 2019. Using a difference-in-difference specification with synthetic controls, we assess the impact of different regulatory responses by disaggregating them into motivations, actions, targets, and outcomes. We find that the effectiveness of regulatory responses differs by type of regulation (restricting or clarifying), type of host (professional or private), as well as the enforcement (with or without the cooperation of the platform operator). Through this work, we add to the ongoing debate on the regulation of digital platforms by presenting both empirical evidence as well as an analytical framework.","PeriodicalId":48243,"journal":{"name":"Industrial and Corporate Change","volume":"5 10","pages":""},"PeriodicalIF":2.5,"publicationDate":"2024-01-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139439323","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The effect of subsidies on R&D in the financial crisis—the role of financial constraints of firms and banks 金融危机中研发补贴的影响--企业和银行财务约束的作用

IF 2.5 4区管理学

Industrial and Corporate Change Pub Date : 2023-12-14 DOI: 10.1093/icc/dtad071

Marek Giebel, Kornelius Kraft

引用次数: 0

Innovation opportunities and backward linkages in mining: an analysis of Argentinean knowledge-intensive mining suppliers (KIMS) 采矿业的创新机会和后向联系：对阿根廷知识密集型采矿供应商（KIMS）的分析

IF 2.5 4区管理学

Industrial and Corporate Change Pub Date : 2023-12-13 DOI: 10.1093/icc/dtad076

L. Stubrin, A. Marin, Diego Murguía

{"title":"Innovation opportunities and backward linkages in mining: an analysis of Argentinean knowledge-intensive mining suppliers (KIMS)","authors":"L. Stubrin, A. Marin, Diego Murguía","doi":"10.1093/icc/dtad076","DOIUrl":"https://doi.org/10.1093/icc/dtad076","url":null,"abstract":"\u0000 This paper aims at contributing to better comprehend the opportunities for innovation in the mining sector that are leveraged by local knowledge-intensive mining suppliers (KIMS) in developing mineral-rich countries. Drawing on the innovation and global value chain (GVC) bodies of literature as well as previous empirical studies on KIMS in developing mining countries, we analytically distinguish among three types of innovation approaches that local KIMS can pursue. Each of them is associated with main sources of innovation opportunities, type of inputs supplied, and prevailing market structures and entry barriers. The distinction among innovation strategies together with an analysis that combines firm- and market-level dimensions helped us to better comprehend the types of innovation opportunities that local KIMS in Argentina are adopting and the nature of challenges they encounter. The empirical analysis is based on the novel fieldwork data collected in 2019 and 2022. The findings of the paper hold significance to inform productive and innovation policies regarding the type of interventions that may be more effective for Argentina in the current technological and market circumstances that the mining industry is facing.","PeriodicalId":48243,"journal":{"name":"Industrial and Corporate Change","volume":"21 2","pages":""},"PeriodicalIF":2.5,"publicationDate":"2023-12-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139005313","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The sectoral trade losses from financial crises 金融危机造成的部门贸易损失

IF 2.5 4区管理学

Industrial and Corporate Change Pub Date : 2023-12-12 DOI: 10.1093/icc/dtad078

Jean-Marc B Atsebi, Jean-Louis Combes, Alexandru Minea

{"title":"The sectoral trade losses from financial crises","authors":"Jean-Marc B Atsebi, Jean-Louis Combes, Alexandru Minea","doi":"10.1093/icc/dtad078","DOIUrl":"https://doi.org/10.1093/icc/dtad078","url":null,"abstract":"The “Great Trade Collapse” triggered by the 2008-2009 crisis calls for a careful assessment of the trade losses from financial crises. We adopt a more detailed perspective by looking at the response of different types of trade (i.e. consumption, intermediate, capital goods, and business services) following various types of financial crises (i.e. debt, banking, and currency crises) in 41 emerging markets. Estimations performed in the 1980-2019 period using a combination of impact assessment and local projections to capture a causal dynamic effect running from financial crises to the trade activity show that the collapse of total trade is long-lasting and mainly driven by the fall of intermediate goods and to some extent capital goods, while trade in consumption goods and business services is more resilient to crises. Therefore, financial crises could lead to considerable disruption of global value chains, as observed during the Global Financial Crisis (GFC), and easily spill over from one country to another through trade linkages. The examination of heterogeneity reveals that total and sectoral trade is more severely impacted in countries with a lower share of manufacturing exports, less diversified exported products, and trading partners, with lower demand from trading partners and when associated with a deterioration of the domestic and external financial conditions and sudden stops. By contributing to the understanding of the trade effects of financial crises, our analysis provides insightful support for the design and implementation of policies aimed at coping with these effects.","PeriodicalId":48243,"journal":{"name":"Industrial and Corporate Change","volume":"27 1","pages":""},"PeriodicalIF":2.5,"publicationDate":"2023-12-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138580079","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

An image of industry: exploring the effects of knowledge sources in the medical imaging industry 行业形象：探索医学影像行业知识来源的影响

IF 2.5 4区管理学

Industrial and Corporate Change Pub Date : 2023-12-12 DOI: 10.1093/icc/dtad072

U David Park, Youngsir Rha, Sonali K Shah, Shinjinee Chattopadhyay

{"title":"An image of industry: exploring the effects of knowledge sources in the medical imaging industry","authors":"U David Park, Youngsir Rha, Sonali K Shah, Shinjinee Chattopadhyay","doi":"10.1093/icc/dtad072","DOIUrl":"https://doi.org/10.1093/icc/dtad072","url":null,"abstract":"Scholars have long been interested in understanding how a firm’s “pre-history” shapes its behavior and performance, with recent scholarship highlighting the fact that industry entrants stem from different knowledge sources. Knowledge sources, the context in which entrants develop the knowledge they bring as they enter an industry, are argued to be important, because they may have differential effects on firm strategy and performance. We explore the effects of five different knowledge sources on firm behavior and survival using a mixed-methods approach. Survival analysis shows that user-founded new ventures outsurvive academic-founded new ventures, employee-founded new ventures, related diversifying entrants, and unrelated diversifying entrants. Qualitative analysis suggests that user-founded new ventures often enter niche markets defined by the clinical expertise of their founders and remain in these markets over time, honing their product offerings to specific clinical needs. Our analyses are based on novel, hand-collected archival data on the population of entrants in the modern medical imaging industry. We discuss the implications of these findings for the evolutionary theory, strategic management, and entrepreneurship literatures.","PeriodicalId":48243,"journal":{"name":"Industrial and Corporate Change","volume":"25 1","pages":""},"PeriodicalIF":2.5,"publicationDate":"2023-12-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138574534","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Employee spinouts along the value chain 价值链上的员工分拆

IF 2.5 4区管理学

Industrial and Corporate Change Pub Date : 2023-12-12 DOI: 10.1093/icc/dtad073

Pamela Adams, Aliasghar Bahoo-Torodi, Roberto Fontana, Franco Malerba

引用次数: 0

Suppliers’ entry, upgrading, and innovation in mining GVCs: lessons from Argentina, Brazil, and Peru 矿业全球价值链中的供应商进入、升级和创新：阿根廷、巴西和秘鲁的经验教训

IF 2.5 4区管理学

Industrial and Corporate Change Pub Date : 2023-12-12 DOI: 10.1093/icc/dtad079

Carlo Pietrobelli, Beatriz Calzada Olvera, Michiko Iizuka, Caio Torres Mazzi

{"title":"Suppliers’ entry, upgrading, and innovation in mining GVCs: lessons from Argentina, Brazil, and Peru","authors":"Carlo Pietrobelli, Beatriz Calzada Olvera, Michiko Iizuka, Caio Torres Mazzi","doi":"10.1093/icc/dtad079","DOIUrl":"https://doi.org/10.1093/icc/dtad079","url":null,"abstract":"This paper studies whether the mining sector can represent a true engine of growth for selected Latin American countries through the suppliers’ entry and upgrading within mining value chains. We start by using international trade data to study where mining value is added and how rents are distributed across countries. Despite their importance in the production and exports of copper ores and concentrate, the participation of the selected Latin American countries in copper value chains is still confined to the upstream segment. Moreover, their share of innovation relevant for the sector remains very limited, although new data on patenting and publications show that the sector is becoming increasingly innovative worldwide. Then, we use new microeconomic evidence from case-studies in Latin America to explore the specific opportunities and obstacles faced by mining suppliers in entering the value chain and upgrading within it, and how the regulatory and innovation systems have influenced this process. We show that barriers related to the contractual practices, lead firms’ attitudes, and the hierarchical industrial organization of the sector, coupled with the countries’ weaknesses in local innovation and regulatory systems, have been contributing to hamper suppliers’ entry into mining value chains and upgrading.","PeriodicalId":48243,"journal":{"name":"Industrial and Corporate Change","volume":"59 1","pages":""},"PeriodicalIF":2.5,"publicationDate":"2023-12-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138580046","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Transitioning to sustainable energy by incumbent utilities: insights from M&As, alliances, and divestments 现有公用事业公司向可持续能源转型：从并购、联盟和剥离中获得的启示

IF 2.5 4区管理学

Industrial and Corporate Change Pub Date : 2023-12-11 DOI: 10.1093/icc/dtad074

Eva Niesten, Guillermo Pereira, Jonatan Pinkse

引用次数: 0