1,721,210 research outputs found
The curvilinear effect of manufacturing outsourcing and captive-offshoring on firms' innovation: The role of temporal endurance
Full text linkThis paper aims to contribute to the open debate in the literature on the effect of global sourcing strategies on firm performance by studying the consequences of manufacturing outsourcing and captive-offshoring for the innovation capability of the firm. We grounded our hypotheses based on the outsourcing and offshoring literature and by narrowing our focus to the effects of persisting in their adoption over time. We tested our hypotheses using data from a sample of 368 manufacturing companies listed on NASDAQ stock market. The paper provides theoretical explanations and empirical findings for the inverted U-shaped influence of keeping doing captive-offshoring on new product development performance, in contrast to outsourcing, which shows a negative linear relationship. The conclusion is that managers should be aware of the consequences of outsourcing and captive-offshoring manufacturing, either in a spot manner or over a long period. They should eventually search for equilibrium between adopting captive-offshoring for too few years vs. too many years, by monitoring year by year its effects to avoid adaptation processes and corporation hollowing, and evaluate the opportunity to re-shore manufacturing
Solvers' participation in crowdsourcing initiatives for social innovation: Exploring interactions among motivational forces
No full textWe know that solvers self-selecting in social innovation challenges come from diverse backgrounds including, among others, scientists, engineers, entrepreneurs, researchers, and professionals from various industries. However, we are not aware of what motives actually bring such solvers to self-select to address these challenges. This study aims at understanding how different kinds of motivations intervene and interact with the solvers' intention to participate considering the specific context of crowdsourcing for social innovation. Drawing on the self-determination theory, we built a theoretical framework that hypothesizes how intrinsic, extrinsic, and prosocial motivations interact with one another and affect solvers' self-selection process in social innovation initiatives. Empirically, to investigate the theoretical framework, a survey research design involving the use of questionnaires was adopted to obtain primary data from solvers engaged in crowdsourcing initiatives for social innovation to solve Covid-19-related problems in the HeroX platform. We found that prosocial motivations positively affect the solvers' self-selection process. Moreover, our results highlight that intrinsic and extrinsic motivations differently moderate the relationship between prosocial motivations and intention to participate. The results of this study offer relevant contributions to previous crowdsourcing and organizational psychology literature and provide critical implications for managers designing and organizing crowdsourcing for social innovation challenges
Going Beyond Counting First Authors in Author Co-citation Analysis
Full text linkThe present study examines one of the fundamental aspects of author co-citation analysis (ACA) - the way co-citation
counts are defined. Co-citation counting provides the data on which all subsequent statistical analyses and mappings
are based, and we compare ACA results based on two different types of co-citation counting - the traditional type that
only counts the first one among a cited work's authors on the one hand and a non-traditional type that takes into
account the first 5 authors of a cited work on the other hand. Results indicate that the picture produced through this non-traditional author co-citation counting contains more coherent author groups and is therefore considerably clearer. However, this picture represents fewer specialties in the research field being studied than that produced through the traditional first-author co-citation counting when the same number of top-ranked authors is selected and analyzed. Reasons for these effects are discussed
HOW DO DIFFERENT VC INVESTORS FINANCE SUSTAINABLE STARTUPS? THE MODERATING ROLE OF ENVIRONMENTAL POLICIES
No full textSustainable startups are recognized as pivotal in providing green technologies to tackle climate change. However, since they are characterized by unfavorable financial conditions, attracting venture capitalists (VCs) is vital for them. Different VCs such as independent venture capitalists (IVCs) and corporate venture capitalists (CVCs) have different approaches when taking investment decisions. Thus, this paper aims at exploring the relationship between VCs financing and sustainable startups, by discerning the differences in the investment decisions between IVCs and CVCs. Moreover, since governments promote investments in sustainable startups, this paper also aims to understand how different environmental policies intervene in the investment decisions of IVCs and CVCs in sustainable startups. Our preliminary results show that IVCs invest lower amounts of money in sustainable startups, while CVCs are willing to commit high amounts of money to sustainable startups. Moreover, we found that environmental policies play a moderating role in the investment decisions of IVCs and CVCs investing in sustainable startups. Our findings attempt to both extend previous literature and provide implications for startups’ managers and for policymakers tackling climate change
HOW DO ENVIRONMENTAL POLICY MECHANISMS INTERVENE IN THE IVCs AND CVCs DECISIONS TO INVEST IN SUSTAINABLE STARTUPS?
Full text linkSustainable startups have been recognized as crucial actors in fighting climate change and develop new technologies to reduce environmental harm (Bendig et al., 2022; Hegeman and Sørheim, 2021). Indeed, sustainable startups have critical capabilities and technical know-how to carry out the development of clean and green technologies to achieve sustainable change (Hockerts and Wüstenhagen, 2010). To survive and market such technologies sustainable startups need to overcome their unfavorable financial conditions by attracting external funding from Venture Capitalists (VCs), which have been largely recognized as the main catalyst for sustainable startups’ success (e.g., Wöhler and Haase, 2022). Specifically, sustainable startups as the opportunities to attract funding from different kinds of VCs, such as independent venture capitalists (IVCs) and corporate venture capitalists (CVCs) (e.g., Cumming et al., 2016; Bürer and Wüstenhagen, 2009; Polzin, 2017; Hegeman and Sørheim, 2021). Previous scholars have revealed that while CVCs are increasingly investing in sustainable startups, they represent a less attractive investment alternative than conventional ones for IVCs (Hegeman and Sørheim, 2021; Wöhler and Haase, 2022). Indeed, since IVCs usually aim to gain extraordinary and short-term return, the high technological risk and the very long development times characterizing green technologies may discourage them (Beise and Rennings, 2005). Moreover, IVCs may avoid investments in sustainable startups since the financial opportunities of green technologies cannot be totally captured due to their public nature (Cumming et al., 2016). Conversely, CVCs are strongly motivated to fund sustainable startups by the strategic value of the opportunities associated to clean and green technologies, which allow CVCs to improve their environmental performance and promote corporate greening in customers’ eyes for sustaining their competitive positions (Hegeman and Sørheim, 2021).
All these things considered it is evident that , in accordance with their investment objectives, IVCs and CVCs have diverse investing inclinations toward sustainable startups. We reason that differences in the investment inclinations of IVCs and CVCs toward sustainable startups may also be explained by other exogenous factors such as national and international policies, which often
focus on promoting sustainability. Current literature has already demonstrated that investments in sustainability can be stimulated by several environmental policy mechanisms such as feed-in tariffs, environmental taxes, emission trading schemes, emission limits and R&D subsidies (Bürer and Wüstenhagen, 2009; Polzin et al., 2017; Criscuolo and Menon, 2015; Bianchini and Croce, 2022).
However, there is no evidence on how these policy mechanisms intervene in the inclinations of diverse VCs investors toward funding sustainable startups. Thus, this paper aims to better understand the role of national and international policies in the VCs financing by exploring how diverse environmental policy mechanisms intervene in the VCs investments inclinations toward sustainable startups, by discerning the effect on IVCs and CVCs
Linking Circular Business Models With Value Sources: A Cluster‐Based Literature Review
Full text linkCircular Business Models (CBMs) are critical to advancing the Circular Economy (CE), receiving significant attention from policymakers and corporations alike. Despite this, the conceptual clarity of CBMs remains underdeveloped. This paper presents a systematic literature review of CBM, focusing on definitions, drivers, barriers, and value creation. We identify three primary clusters: CBM concept, CBM transformation, and CBM strategies. Key gaps in the literature are highlighted, with particular regard to market value creation, comprehensive business model framework, and firm maturity. To address these gaps, we propose a framework linking CBM strategies with value sources, offering a more cohesive understanding of circularity within business models. This framework aims to guide future research and practical implementation across various firm maturity stages
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