Product innovation and process innovation in SOEs: evidence from the Chinese transition

This paper offers an analysis of the influence of management behavior on the relationship between factors such as market, governance and resources of a firm, and the choice of the type of technological innovation in Chinese state-owned enterprises (SOEs). The authors develop a structural equation model and 12 hypotheses and test the model and hypotheses using a sample of 274 SOEs in China. This study discovers that the choice of innovation types among Chinese SOEs depends on the turbulence in the environment, and on the organizational resources. The key contributions of the study include: testing existing theories of innovation in the context of Chinese SOEs; studying the factors that affect product innovation and process innovation in that context; and demonstrating that market forces and internal governance simultaneously influence SOE innovation.     

Spatial and industry proximity in collaborative research: evidence from Italian manufacturing firms

This paper attempts to check the existence of geographic and industry distance effects, alongside other microeconomic determinants, on firms’ decisions to engage in R&D collaboration. Physical distance is defined by geographical coordinates while the measure of industry distance is based on the trade intensity between sectors. The model specified here refers to the combined spatial autoregressive model with autoregressive disturbances and it is estimated through the spatial two stage least square procedure. The results show that both geographical and industry proximity, positively affect the decision to cooperate in R&D.     

Public research and the innovation performance of new technology based firms

Assessing the role of publicly funded scientific research in entrepreneurial ecosystems is of great interest for science and entrepreneurship policy. Knowledge from academic research flows into the private sector through publications, patents, and researcher mobility as well as through direct interactions between founders and researchers at public research institutions (PRIs). New technology-based firms (NTBFs) are generally praised for high innovativeness despite their resource constraints and liability of newness. This study therefore investigates the impact of direct interactions with PRIs on NTBFs’ innovation success. In a large sample of NTBFs in Germany, we find that those firms engaging in such knowledge interactions are more likely to introduce new products and services to the market. The strength of this association, however, depends on interaction persistency, internal R&D and the founders’ academic backgrounds. Non-academic start-ups benefit more from continuous informal interactions if they pursue own R&D, which suggests that absorptive capacity matters. In academic start-ups, higher intensities of both formal and informal interactions are associated with greater innovation likelihood. Moreover, continuous informal interactions complement formal ones in the absence of own R&D activity.

     

The impact of technology complexity on the financial performance of R&D projects: evidence from Singapore

The Journal of Technology Transfer - Prior empirical research is inconclusive in determining whether technology complexity influences the financial performance of research commercialization...     

The long way from electronic traces to electronic evidence

Generally, traces of Internet communications established by a citizen's computer are routinely recorded on and dated by Internet servers in so‐called ‘log files’. As far as the correct dating of the electronic offence is crucial for the potential identification of the author, convincing traces need to be date‐ and time‐stamped by a Trusted Third Party (TTP). Such a time stamp does not give any assurance about the correctness of the data and dates collected, but only proves that the traffic data were in a given state at a given date and time. If the Internet Provider (IP) address appears to be one used by the company, it is foreseeable that the system administrator within the company will be able to identify the computer owning a particular IP address. In others cases, only law enforcement agencies, in the circumstances and the conditions required by the law, are entitled to identify, with the help of Internet Access Providers (IAPs), the communication line suspected to have been used beside a given IP address. Putting together the traces left at the IAP side and in the log files of the attacked server site may lead, in the best cases, to an identified communication terminal. Nevertheless, in many cases, this will not be a formal authentication of a wrongdoer.     

Innovative activities and investment decision: evidence from European firms

The Journal of Technology Transfer - This paper investigates the role of innovative activity and other micro determinants, on firms’ investment behaviour. The empirical analysis is based on a...     

The nexus between science and industry: evidence from faculty inventions

Knowledge transfer from science to industry has been shown to be beneficial for the corporate partner. In order to get a better understanding of the reasons behind these positive effects, this study focuses on the junction of science and industry by comparing characteristics of academic inventions that are transferred to industry and those staying in the public sector. Academic inventions are identified via patent applications of German academic scientists. We find that academic patents assigned to corporations are more likely to enable firms reaping short term rather than, possibly more uncertain, long-run returns, in contrast to patents that stay in the public sector. Firms also strive for academic inventions with a high blocking potential in technology markets. Academic patents issued to corporations appear to reflect less complex inventions as compared to inventions that are patented by the public science sector.     

Small business innovation: firm level evidence from Sweden

This paper examines innovation among very small firms and provides new insights into both internal and external determinants of patenting. Applying a non-linear panel data approach to about 160,000 observations on manufacturing firms in Sweden for the period 2000?C2006, the following facts emerge: (i) in contrast to larger firms, innovation in micro firms with 1?C10 employees is not sensitive to variation in internal financial resources, (ii) skilled labour is even more important for innovation among micro firms compared to other firms, (iii) affiliation to a domestically owned multinational enterprise group increases the innovation capacity of small businesses, (iv) small firms?? innovation is closely linked to participation in international trade and exports to the G7-countries, and (v) there is no statistically significant evidence that proximity to metropolitan areas, or presence in a specialized cluster, increases the innovativeness of the smallest firm.     

Slack resources,exploratory and exploitative innovation and the performance of small technology-based firms at incubators

This paper aims to contribute (1) to the understanding about how small technology-based firms in spite of being constrained by limited resources, can still perform exploratory and exploitative innovation and (2) to extend knowledge about the role of slack resources in the context of small technology-based firms in facilitating those innovation activities. Herein, we focus on two types of slack resources: internal slack, resources that are available within the firms and external slack, additional resources that are gathered through the facilitation of external sources such as business incubators. Using a sample of 141 small technology-based firms located at incubators, this study combined two streams of research on incubator studies and innovation to construct some hypotheses examining the role of slack resources and innovation activities in enhancing the performance of small technology-based firms operating in incubator setting. Our findings demonstrate that neither slack resources nor innovation activities alone explain firm performance. Instead, small technology-based firms fit their innovation activities to their slack resources. While the relationship between internal slack and performance is mediated by exploitative innovation, exploratory innovation plays a role as a mediator for the relationship between external slack and performance.     

University knowledge and firm innovation: evidence from European countries

In recent decades, firms have intensified the exploration of external sources of knowledge to enhance their innovation capabilities. This paper presents an empirical analysis of the factors that affect the importance of academic knowledge for firms’ innovation activities. An integrated approach that simultaneously considers country- and firm-level factors is adopted. Regarding the former factors, the analysis shows that the entrepreneurial orientation of university and the quality of academic research increase the importance of knowledge transfers from universities to firms. This suggests that the environmental and institutional context contributes to cross-national disparities in university-industry interactions and the effectiveness of knowledge transfer. In regard to the latter factors, the results indicate that firms oriented toward open search strategies and radical innovations are more likely to draw knowledge from universities. Furthermore, firms belonging to high technology sectors and firms with high absorptive capacity place greater value on the various links with universities. With respect to firm size, the estimates show an inverted U-shaped relation with the importance of universities as a source of knowledge.     

ASP动态网站信息电子取证方法

本文综述了对于asp类型网站的电子取证知识及应用技术。分别从ASP网站结构、IIS信息及日志文件的获取、网站文件内容的取证、后台数据库信息的获取几个方面展开进行介绍。     

The impact of local linkages, international linkages, and absorptive capacity on innovation for foreign firms operating in an emerging economy

This study analyzes the impact of local linkages, international linkages, and absorptive capacity on firm innovation for firms based in one emerging economy while operating in another emerging economy. Testing research hypotheses derived from the institutional and organizational learning perspectives on a sample of 102 Taiwanese manufacturing firms operating in China, we find that the impact of international linkages is greater than that of local linkages, while both local and international linkages have a positive impact on innovation. Further analysis confirms that absorptive capacity has a stronger moderating effect on the relationship between local linkages and innovation than it does on the relationship between international linkages and innovation.     

The forecasting performance of implied volatility index: evidence from India VIX

In this paper, we investigate the forecasting performance of ex-post an ex-ante volatility forecasts against realized return volatility of various time horizon. The competing volatility forecasts are implied volatility, RiskMetrics and GJR-GARCH; the empirical results uncover that implied volatility dominates the other volatility forecast in the prediction of future realized return volatility. The in-sample forecast suggests that ex-ante volatility best explains the future market volatility. The non-overlapping sampling procedure gives the more robust estimate of volatility forecasts, the results reveals that implied volatility forecasts of all horizon appears positive unbiased forecaster of realized volatility. Moreover, the instrumental variable estimation in the presence of error-in-variable clears that implied volatility is free from measurement error; OLS estimates remains more consistent than the 2SLS estimates. The information content of implied volatility encourages the exchanges to construct the implied volatility indices and volatility products on underlying volatility index.     

University-industry interaction and product innovation performance of Guangdong manufacturing firms: the roles of regional proximity and research quality of universities

The Journal of Technology Transfer - This study aims to investigate the direct relationships of university proximity and research quality with the product innovation performance of Chinese firms...     

The uneasy case for rehabilitating small firms under the 1997-reorganization law in Belgium: evidence from reorganization plans

Using a sample of small Belgian firms that reorganized under the 1997 Law on Judicial Composition, I empirically review the law??s effectiveness to rehabilitate distressed debtors. The econometric findings show that firms with less pre-bankruptcy operational losses and a better cash position are more likely to successfully execute their reorganization plan and that certain debt restructuring measures can contribute to firm rescue. Despite these positive findings, many firms still failed to reorganise under the 1997-reorganization law, which resulted in constant criticism on its effectiveness leading up to its recent replacement in 2009. My data also shows that within the former reorganization procedure the Belgian debtor was faced with high debt instalment payments compared to international practice and that successful plan execution relied too much on the uncertain realization of the operational cash flow projections. In discussing the legal framework of the new Law on Corporate Continuity enacted in 2009??replacing the 1997-law??I argue that this new law is a more effective legislation to save distressed businesses.     

Uncertainty and technological innovation: evidence from developed and developing countries

Economic Change and Restructuring - Uncertainty will not only harm the economy but may also provide an opportunity for technological innovation. It is well established from past studies that...