| 1. |
- Jensen, Febi, et al.
(författare)
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New ventures in Cleantech : Opportunities, capabilities and innovation outcomes
- 2020
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Ingår i: Business Strategy and the Environment. - : John Wiley & Sons. - 0964-4733 .- 1099-0836. ; 9:3, s. 902-917
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Tidskriftsartikel (refereegranskat)abstract
- Facing the challenge of climate change, innovations that imply environmental benefits create business opportunities for entrepreneurs. This paper analyzes innovation capabilities of startups in Cleantech and how the innovation outcomes of those startups develop over time. Based on the Mannheim Foundation Panel and applying propensity score matching, a cohort of 567 Cleantech startups is analyzed and compared with a control cohort of non‐Cleantech startups. We find that startups in Cleantech have, on average, higher technological capabilities compared with all other startups. Our econometric evidence shows that Cleantech startups are more likely to combine existing technology in a novel way. Finally, we find that Cleantech startups develop more market novelties in subsequent years when compared with their control group peers.
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| 2. |
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| 3. |
- Andersson, Martin, et al.
(författare)
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Productivity and International Trade : firm-level evidence from a small open economy
- 2008
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Ingår i: Review of World Economics. - : Springer Science and Business Media LLC. - 1610-2878 .- 1610-2886. ; 144:4, s. 774-800
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Tidskriftsartikel (refereegranskat)abstract
- This paper presents a comprehensive description and analysis of the international trading activities of firms based on novel and detailed Swedish data. We provide robust evidence of selection operating from market to market which is consistent with that low productive firms are confined to markets with low productivity thresholds. We further show that selection also applies to the number of products traded. There is a substantial heterogeneity among exporters and importers in terms of the number of markets they trade with and in terms of the number of products they trade. Productivity premiums increase in the number of markets and the number of products traded, respectively. Firms that both export and import (i.e. two-way traders) are more productive than firms that only export or only import. This finding can be explained by that two-way traders are deeply engaged in the international division of labor and employ inputs based on frontier knowledge and technology in their production process, which increase their productivity and success on export markets.
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| 4. |
- Andersson, Martin, et al.
(författare)
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R&D strategies and Entrepreneurial Spawning
- 2012
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Ingår i: Research Policy. - : Elsevier. - 0048-7333 .- 1873-7625. ; 41:1
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Tidskriftsartikel (refereegranskat)abstract
- This paper analyzes how different R&D strategies of incumbent firms affect the quantity and quality of their entrepreneurial spawning. By examining entrepreneurial ventures of ex-employees of firms with different R&D strategies three things emerge: First, firms with persistent R&D investments with a general superiority in sales, exports, productivity, profitability and wages are less likely to generate entrepreneurs than firm with temporary or no R&D investments. Second, start-ups from knowledge intensive business service (KIBS) firms with persistent R&D investments have a significantly increased probability of survival. No corresponding association between the R&D strategies of incumbents and survival of entrepreneurial spawns is found for incumbents in manufacturing sectors. Third, spin-outs from KIBS-firms are more likely to survive if they start in the same firm, indicating the importance of inherited related knowledge. The findings suggest that R&D intensive firms spur fewer entrepreneurs, but their entrepreneurial spawns tend to be of higher quality.
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| 5. |
- Cook, G. A. S., et al.
(författare)
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Clustering, MNEs, and Innovation : Who Benefits and How?
- 2013
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Ingår i: International Journal of the Economics of Business. - : Informa UK Limited. - 1357-1516 .- 1466-1829. ; 20:2, s. 203-227
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Tidskriftsartikel (refereegranskat)abstract
- This paper explores three under-researched questions in the literature on multinational enterprises (MNEs), clustering, and innovation. First, to what extent does multinationality lead to higher rates of innovation activity and performance? Second, what, if any, is the link between MNE cluster location and innovation inputs and outputs? Third, are there any significant differences between enterprises belonging to domestic and overseas MNEs in these regards? Evidence is based primarily on 11,775 firms derived from the UK Community Innovation Survey 2007. Diversity in the regional economy exerts the most consistent positive influence, followed by the scale of employment in the enterprise's own industry. Enterprises belonging to domestic MNEs appear to exert higher levels of innovation effort. However, evidence regarding their superiority in innovation outputs was weaker. Contrary to Michael Porter's work, it appears that enterprises belonging to overseas firms benefit more than domestic firms.
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| 6. |
- Johansson, Börje, 1945-, et al.
(författare)
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European R&D efficiency
- 2015
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Ingår i: Economics of Innovation and New Technology. - London : Informa UK Limited. - 1043-8599 .- 1476-8364. ; 24, s. 140-158
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Tidskriftsartikel (refereegranskat)abstract
- This paper explores the capacity to produce new knowledge proxied by patents granted in 18 industries in 11 European economies. For each industry in each country, the number of granted U.S. Patent and Trademark Office patents is recorded over the 1991–2005 period. Controlling for research and development, industry composition, and institutional setting, the paper shows that systematic differences in patent intensity exist between the studied countries, such that almost all industries are affected by country-specific conditions, suggesting that the countries’ innovation systems differ in efficiency. The countries with the highest R&D efficiency are Sweden and Finland, followed by the Netherlands and Germany.
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| 7. |
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| 8. |
- Johansson, Börje, et al.
(författare)
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Innovation Activities Explained by Firm Attributes and Location
- 2008
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Ingår i: Economics of Innovation and New Technology. - : Informa UK Limited. - 1043-8599 .- 1476-8364. ; 17:6, s. 533-522
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Tidskriftsartikel (refereegranskat)abstract
- In this paper, innovation activities of a firm are observed as its R&D spending and participation in three categories of innovation systems. The various factors that can influence a firm’s innovation efforts are divided into, (i) firm location reflecting the regional milieu and (ii) firm attributes such as corporate structure, nature of the knowledge production, type of industry and a set of specific firm characteristics. The study is based on information about 2094 individual firms, which may be non-affiliated or belong to a group (multi-firm enterprise). The empirical analysis applies a novel data set to examine the influence of location versus a vector of firm attributes. Among innovative firms, the location of a firm does not influence neither the R&D intensity nor the frequency of interaction in horizontal and vertical innovation systems, when controlling the skill composition, physical capital intensity, industry, firm size and market extension. The paper contributes to the literature by observing that innovative firms have similar characteristics irrespective of where they are located, although the share of innovative firms differs between regions.
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| 9. |
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| 10. |
- Lööf, Hans, 1961-, et al.
(författare)
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Incorporating ESG into Optimal Stock Portfolios for the Global Timber & Forestry Industry
- 2023
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Ingår i: Journal of Forest Economics. - : Now Publishers Inc.. - 1104-6899 .- 1618-1530. ; 38:2, s. 133-157
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Tidskriftsartikel (refereegranskat)abstract
- This paper investigates how optimal portfolios of timber & forestry stocks perform relative to the global S&P timber & forestry index when corporate social responsibility (CSR) is considered. We incorporate CSR in the construction of optimal portfolios by utilizing combined environmental, social, and governance (ESG) scores. Historical as well as copula-augmented predictive models and ESG-constrained optimization are used to analyze out-of-sample performance of various portfolio strategies over the period 2018–2021. The results of copula-based portfolio strategies are better than of the historical models. Another insight gained by this study is that socially responsible investments in forestry stocks are feasible without sacrificing risk-adjusted returns.
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