Technovation最新文献

{"title":"Barbarians at the gate? Institutional investors and firm innovation Investment: The moderating role of female executives","authors":"Ximing Yin ,&nbsp;Yaxin Su ,&nbsp;Ryan Coles ,&nbsp;Victor Cui","doi":"10.1016/j.technovation.2025.103319","DOIUrl":"10.1016/j.technovation.2025.103319","url":null,"abstract":"<div><div>Innovation financing plays a vital role in firms' technological advancement, yet how institutional investors affect firm innovation remains a subject of debate. To reconcile the inconsistent findings in existing literature, this paper establishes a unified framework and demonstrates that institutional investors exert a curvilinear effect on firm innovation investment. The initial funding provided by institutional investors serves as a catalyst for innovation spending through an influx of resource-based positive net effect into the firm. However, with institutional shareholding goes up, there is a turning point where the negative myopia effect exceeds the positive resource effect and takes dominance, thereafter more excessive institutional investment leads to a decline in innovation investment due to the net negative effect of institutional invest on the focal firm's strategic decision-making. We also postulate that gender-specific management styles could moderate this effect such that excessive institutional holdings reduce innovation investment at a slower rate. We test our arguments using a multiple-sourced panel dataset covering 2066 Chinese publicly listed firms from 2011 to 2019. Results show that (1) institutional investors have a curvilinear impact, taking an inverted U-shape, on firm innovation investment, and (2) the presence of women executives in top management teams moderates this curvilinear relationship. This study contributes to a holistic scholarly understanding on the double-edged effect and how to leverage the positive role of gender to make the best of external institutional investment.</div></div>","PeriodicalId":49444,"journal":{"name":"Technovation","volume":"147 ","pages":"Article 103319"},"PeriodicalIF":11.1,"publicationDate":"2025-07-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144711878","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The microfoundations of academics’ engagement with society","authors":"Vitus Püttmann ,&nbsp;Stephan L. Thomsen","doi":"10.1016/j.technovation.2025.103314","DOIUrl":"10.1016/j.technovation.2025.103314","url":null,"abstract":"<div><div>Addressing societal challenges such as climate change and social inequality requires the knowledge generated by academics as well as their direct engagement with society, which supports the translation of knowledge into solutions. Understanding what drives academics' engagement is thus crucial for efforts to foster their impact on societal development. To obtain in-depth insights into these drivers, this study develops a differentiated perspective that considers academics' value orientations and engagement motives and accounts for differences between engagement forms. From this perspective, we develop hypotheses in response to three research questions: First, which differences are there between academics as regards their value orientations? Second, how are these value orientations linked to academics' motives? Third, are these differences reflected in academics' actual engagement? We test the hypotheses empirically using the outcomes of a census survey of professors at German higher education institutions governed by the state or religious institutions, which yielded 4249 responses. Our empirical analysis (using Stata 17) identifies four types of value orientations, characterized by differences in the boundaries that academics draw between science and other societal sectors and in the importance they assign to societal engagement as part of their duties. The types are also systematically linked to academics' intrinsic and extrinsic motives to engage. Both value orientations and motives are furthermore reflected in academics' actual engagement. Our findings thus highlight that understanding and fostering academics' societal roles requires consideration of the diverse forms of academics’ engagement and the specific motivations underlying it.</div></div>","PeriodicalId":49444,"journal":{"name":"Technovation","volume":"147 ","pages":"Article 103314"},"PeriodicalIF":11.1,"publicationDate":"2025-07-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144694501","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Industrial transaction platforms: Impact and archetypes for business model innovation","authors":"Viktoria Leutheuser,&nbsp;Julian M. Müller,&nbsp;Kai-Ingo Voigt","doi":"10.1016/j.technovation.2025.103324","DOIUrl":"10.1016/j.technovation.2025.103324","url":null,"abstract":"<div><div>The ongoing digital transformation is reshaping the manufacturing industry through the integration of advanced digital technologies. Among these technologies, digital platforms play a crucial role in enabling data, service, and product exchanges between various stakeholders. Unlike traditional linear business models, digital platforms facilitate multi-sided transactions, transforming existing network structures and enabling new forms of value creation. In particular, industrial transaction platforms present novel opportunities for digitizing business models within manufacturing that differ from other industry sectors, but have not been conceptualized in detail by extant literature. In response, this paper presents a systematic literature review (SLR) to provide a structured analysis of how industrial transaction platforms enable business model innovation (BMI) through transactions with stakeholders. Based on 89 scientific articles, we systematically examine the effects of industrial transaction platforms on the individual dimensions of the Business Model Canvas (BMC). The most frequently used dimension combinations enabled the identification of three clusters of business model archetypes, which illustrate how industrial transaction platforms drive BMI. These archetypes categorize the dominant patterns of transformation and highlight how digital transactions in industrial settings differ from those in other industries. Their understanding provides a foundation for studying the mechanisms of BMI and industrial transaction platforms, while highlighting the role of industrial transaction platforms as lever for BMI based on the interoperability of different business model dimensions. By providing insights for theory and practice, this study provides actionable insights for organizations seeking to leverage industrial transaction platforms effectively. The findings contribute to the ongoing discussion on BMI in manufacturing by providing a systematic framework for understanding how digital technologies enable BMI.</div></div>","PeriodicalId":49444,"journal":{"name":"Technovation","volume":"147 ","pages":"Article 103324"},"PeriodicalIF":11.1,"publicationDate":"2025-07-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144702977","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Navigating the emergence of circular ecosystems for electric vehicle battery second life: Prerequisites and pathways in firm- and ecosystem-level interactions","authors":"Koteshwar Chirumalla ,&nbsp;Ioana Stefan ,&nbsp;Ignat Kulkov ,&nbsp;Glenn Johansson ,&nbsp;Erik Dahlquist","doi":"10.1016/j.technovation.2025.103306","DOIUrl":"10.1016/j.technovation.2025.103306","url":null,"abstract":"<div><div>Firms require multi-stakeholder ecosystems to successfully create and implement circular business models for electric vehicle (EV) battery second life. However, there is a notable absence of guiding instruments to assist EV battery ecosystem actors in formulating and managing strategies for battery second-life operations. This study's aim is to analyze how circular ecosystems are formed and managed, considering the interplay between firm-level and ecosystem-level interactions. The study identifies 17 prerequisites divided into four stages of circular ecosystem management, considering the interplay between firm- and ecosystem-level aspects, as well as short- and long-term perspectives. These four stages of circular ecosystem management are firm-level assessment, ecosystem formation, firm-level adaptation, and ecosystem orchestration. Based on these four stages, the study identifies three distinct pathways through which EV battery ecosystem actors can effectively form and manage second-life operations. Additionally, a decision tree model is proposed to navigate ecosystem actors through these four stages for enabling battery second-life operations. This research makes a valuable contribution to the field of ecosystem management and circular ecosystems, specifically by examining the interplay between firm-level and ecosystem-level dynamics within the context of EV battery second-life operations. The findings hold significance for both academic researchers and practitioners seeking to implement and scale-up circular business models and circular ecosystems in the realm of EV batteries.</div></div>","PeriodicalId":49444,"journal":{"name":"Technovation","volume":"147 ","pages":"Article 103306"},"PeriodicalIF":11.1,"publicationDate":"2025-07-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144686248","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Structuring resources in healthcare digital transformation: a comparison across public, private and research hospitals","authors":"Lucas Miguel Alencar de Morais Correia,&nbsp;Alejandro G. Frank","doi":"10.1016/j.technovation.2025.103320","DOIUrl":"10.1016/j.technovation.2025.103320","url":null,"abstract":"<div><div>Healthcare organizations have witnessed major advances in the use of digital technologies. While prior research on Healthcare Digital Transformation (HCDT) has focused on the impact of digital technologies on healthcare operations, understanding how to manage the digital resources necessary for HCDT implementation remains unclear. We address this gap by examining how hospitals manage digital resources to foster HCDT. Drawing on the Technological, Organizational, and Environmental (TOE) framework and supported by the Resource-Based View, Relational View, and hybrid governance theories, we conduct a qualitative multi-case study of three large hospitals: one public, one private, and one research-oriented. Data collection includes semi-structured interviews, document analysis, and on-site visits. Our study reveals that HCDT strategies are shaped by hospital business models and financial structures, leading to distinct digital resource governance approaches: internal development in public hospitals, external sourcing in private hospitals, and hybrid governance in research hospitals. We propose a typology aligned with strategic logics and clarify how each model engages with digital ecosystems—ranging from internal coordination to external orchestration and collaborative innovation. Despite their dominant strategies, all hospitals maintain complementary resource bases to ensure resilience. Additionally, we contribute to theory by conceptualizing hybrid governance in research hospitals as a funding-driven mechanism, offering a new rationale for its adoption. These insights advance the understanding of digital resource management in healthcare and provide practical guidance for designing context-sensitive HCDT strategies.</div></div>","PeriodicalId":49444,"journal":{"name":"Technovation","volume":"147 ","pages":"Article 103320"},"PeriodicalIF":11.1,"publicationDate":"2025-07-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144686249","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Examining the effect of a firm’s supply chain network power on innovation: Being a broker or a gossiper","authors":"Jing Gu ,&nbsp;Junyao Wang ,&nbsp;Xinyu Shi ,&nbsp;Xun Xu","doi":"10.1016/j.technovation.2025.103292","DOIUrl":"10.1016/j.technovation.2025.103292","url":null,"abstract":"<div><div>Innovation is the intrinsic driver of a firm's sustainable development and success. This study investigates an approach to improve firm innovation from a supply chain network perspective. We collected data from 2002 to 2021 for Chinese listed firms and found that the higher a firm's supply chain network power, measured by a higher PageRank value, the more enhanced its innovation capability. This effect is moderated by relationship complexity (e.g., connection properties of firms within the same network) and operational complexity (e.g., size difference across networks). In terms of relationship complexity properties, we find that betweenness centrality and closeness centrality have opposite effects. A firm's betweenness centrality enhances the impact of the firm's supply chain network power on innovation, whereas the closeness centrality of a firm diminishes the relationship between the firm's supply chain network power and innovation. Regarding operational complexity properties, the effect of a firm's supply chain network power on its innovation will be more significant in a larger network. The findings of this study encourage firms to improve their innovation capabilities by enhancing their influence over and position within the supply chain network, especially when the network is large and complex. More importantly, firms should play the role of brokers, rather than gossipers, in supply chain networks to better utilize their power.</div></div>","PeriodicalId":49444,"journal":{"name":"Technovation","volume":"147 ","pages":"Article 103292"},"PeriodicalIF":11.1,"publicationDate":"2025-07-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144680462","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Corrigendum to “Artificial intelligence and the reconfiguration of NPD Teams: Adaptability and skill differentiation in sustainable product innovation” Technovation (2025), 145, 103254","authors":"Giacomo Marzi ,&nbsp;Marco Balzano","doi":"10.1016/j.technovation.2025.103317","DOIUrl":"10.1016/j.technovation.2025.103317","url":null,"abstract":"","PeriodicalId":49444,"journal":{"name":"Technovation","volume":"147 ","pages":"Article 103317"},"PeriodicalIF":11.1,"publicationDate":"2025-07-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144680463","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Dynamic Knowledge Management: A dynamic capabilities approach to knowledge management","authors":"Bailu Li ,&nbsp;David J. Teece ,&nbsp;Angathevar Baskaran ,&nbsp;VGR Chandran","doi":"10.1016/j.technovation.2025.103316","DOIUrl":"10.1016/j.technovation.2025.103316","url":null,"abstract":"<div><div>This study introduces the concept of Dynamic Knowledge Management (DKM) by integrating Knowledge Management (KM) with the Dynamic Capabilities (DCs) framework to address strategic challenges in the digital economy. While traditional KM emphasizes efficiency and knowledge codification, it often lacks responsiveness to environmental turbulence. DKM reconfigures KM through the lens of DCs—sensing, seizing, and transforming—to keep knowledge processes aligned with evolving strategic objectives. We distinguish DKM from Ordinary KM (OKM) and develop a conceptual model showing how tighter KM—DCs integration enhances competitive advantage. Using a retrospective, longitudinal case study of Haier, we illustrate how KM can evolve from a support function into a strategic capability. Haier's transformation—from standardized knowledge routines to platform-based ecosystem orchestration—demonstrates how DKM enables continuous innovation and adaptation. This study contributes to both KM and DCs literature by identifying DKM as a new microfoundation that supports organizational agility. It also provides practical insights for managers seeking to align knowledge systems with the needs of strategy.</div></div>","PeriodicalId":49444,"journal":{"name":"Technovation","volume":"147 ","pages":"Article 103316"},"PeriodicalIF":11.1,"publicationDate":"2025-07-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144672024","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Organizational agility unleashed: Tapping intellectual capital for digital transformation effectiveness","authors":"Cheng Gong ,&nbsp;Vincent Ribiere","doi":"10.1016/j.technovation.2025.103310","DOIUrl":"10.1016/j.technovation.2025.103310","url":null,"abstract":"<div><div>Digital transformation has become a critical and inevitable priority for organizations navigating increasingly dynamic and competitive environments. However, the mechanisms through which intellectual capital drives digital transformation effectiveness remain underexplored. This study examines the mediating role of organizational agility in this relationship, highlighting how its three dimensions—workforce, operational, and network agility—enable organizations to adapt and thrive in the digital era. A quantitative, correlational, and cross-sectional survey design was employed, underpinned by a post-positivist approach. Data were collected through a multi-stage sampling method from 265 respondents across 10 organizations in China and Thailand, representing various industries. The hypothesized mediation model was tested using PLS-SEM. The findings reveal that organizational agility fully mediates the effect of intellectual capital—comprising human, structural, and relational capital—on digital transformation effectiveness. Each dimension of organizational agility plays a distinct yet complementary role in enhancing digital transformation outcomes. This study uniquely contributes to the literature by providing a quantitative analysis of organizational agility's mediating role across its three dimensions. It advances the understanding of organizational agility as a multi-dimensional higher-level dynamic capability, bridging critical gaps in dynamic capabilities and digital transformation research. By elucidating these mechanisms, the study provides practical insights for organizations aiming to leverage intellectual capital and agility to drive transformative success, navigate uncertainty, and sustain a competitive advantage.</div></div>","PeriodicalId":49444,"journal":{"name":"Technovation","volume":"147 ","pages":"Article 103310"},"PeriodicalIF":11.1,"publicationDate":"2025-07-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144665484","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Measuring the success of business intelligence and analytics systems: A literature review","authors":"Noor Ul Ain ,&nbsp;William H. DeLone ,&nbsp;Giovanni Vaia","doi":"10.1016/j.technovation.2025.103277","DOIUrl":"10.1016/j.technovation.2025.103277","url":null,"abstract":"<div><div>Technology-based solutions such as business intelligence and analytics (BI&amp;A) systems have become indispensable for organizations due to their ability to support decision-making. Recent developments in big data availability and more powerful analytical tools have increased the potential value of BI&amp;A systems. However, academic and practitioner-oriented research suggests that the potential success of BI&amp;A systems has not yet been fully realized by most organizations. Existing studies have attempted to evaluate the effectiveness and success of BI&amp;A systems by proposing various success measures. However, these studies have generated inconsistent results, limiting the ability to compare and generalize the findings. Therefore, this study takes a step forward by proposing an updated, comprehensive, and consolidated set of success measures for this unique class of information systems. Using a systematic literature review approach, this study examined and synthesized BI&amp;A systems success measures across 173 past studies using the DeLone &amp; McLean IS success framework. Findings revealed success measures such as ease of use, information accuracy, and financial performance that are consistently applied to the measurement of BI&amp;A systems, and importantly, other recommended measures such as system features, presentation format, and decision-making performance that are uniquely important to BI&amp;A systems but infrequently applied. Finally, a comprehensive set of BI&amp;A success measures is proposed for future empirical research studies and practitioner use.</div></div>","PeriodicalId":49444,"journal":{"name":"Technovation","volume":"146 ","pages":"Article 103277"},"PeriodicalIF":11.1,"publicationDate":"2025-07-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144663513","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}