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This study considers the act of entering into new technological domains for R&D purposes as one of the most intense entrepreneurial activities within large established firms, referring to it as R&D entrepreneurship. Attempting to detect factors that could strengthen (or weaken) the impact of R&D entrepreneurship on innovation performance, I examine...
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... Ferreira et al. (2020) suggest firm innovativeness represents a critical part of the innovation process, where the cultural "openness to innovation" is particularly relevant. Beyond creating internal conditions for adoption, others suggest modern firms' ability to innovate in today's increasingly hyper-competitive and global marketplace arguably plays a key role in their competitive success (Deist et al., 2023;Gopalakrishnan et al., 2010;Kraus et al., 2021;Papazoglou, 2023;Staniewski et al., 2016). The so called "innovation premium" is associated with extending firm life expectancy (Cefis & Marsili, 2005) and the wide acknowledgement of the importance innovation capa-bility plays in the achievement of superior firm performance (Calantone et al., 2002;Geroski et al., 1993;Jiménez-Jiménez & Sanz-Valle, 2011;Mahto et al., 2018;Sen et al., 2023). ...
The purpose of this paper is to examine the relationship between the need for closure and creative self-efficacy, two dynamic cognitive mechanisms, in conjunction with the impact of business model novelty on the ability of small firms to innovate. The driving premise is that both need for closure and creative self-efficacy enable entrepreneurs to effectively operate in the myriad complex opportunities and challenges that are encountered through the development of novel business models that may enhance firm innovativeness. Utilizing hierarchical regression on a sample of 212 respondents, we find that the adoption of a novelty-centered business model, creative self-efficacy, and a need for cognitive closure are all associated with firm innovativeness. The results further show that a novelty-centered business model fully mediates the relationship between need for closure and small firm innovativeness and partially the relationship between creative self-efficacy and small firm innovativeness. Implications and future research directions are also discussed.
... Entrepreneurship plays a key role in corporate innovation/success (Tom et al., 2020;Sastre et al., 2022;Papazoglou, 2023). It requires a number of factors to be present to make it possible. ...
Financial technology (fintech) has developed rapidly worldwide in recent years and is deemed an important driver for firms’ innovation performance. Understanding the intricate relationship between fintech development and innovation activities is essential for promoting corporate innovation and value creation, particularly in the dynamic landscape of the digital economy. Therefore, this study delves into this significant issue within the specific context of China by employing panel regression techniques to analyze data from both Shanghai and Shenzhen A-share listed companies spanning the period 2011–2021. By doing so, it aims to uncover the underlying mechanisms through which fintech development influences innovation activities. Findings herein reveal a significantly positive impact of fintech on patent output, indicating a strong correlation between fintech development and corporate innovation. Additionally, the study emphasizes the role of fintech in fostering entrepreneurship by alleviating financial constraints that entrepreneurs often face. This in turn leads to a boost in their innovation activities, further highlighting the crucial role of fintech in promoting innovation within the corporate sector. The study also unveils that fintech has a particularly significant impact on innovation within private firms, manufacturing firms, and companies located in both the central and western regions of China. These findings thus suggest that the government should reduce and relax limits to stimulate the advancement and utilization of fintech, while entrepreneurs should make full use of the opportunities created by fintech to finance their innovative activities.
... Private finance, especially venture capital, prefers to offer resources to start-ups, as they can create innovative products or processes more easily (Block et al., 2017). According to Papazoglou (2023), large established companies should identify new lines of entrepreneurship in the area of R&D as they help to improve business efficiency. ...
... Finally, Z-score analysis has been performed to predict the insolvency of the analyzed companies. Therefore, Altman's Z-score Gelashvili et al. (2020;, 2023) formulation (Altman, 1968;Altman et al., 2017), which has been widely used in the economic and financial analysis of companies (Anjum, 2012;Gelashvili et al., 2020Gelashvili et al., , 2023Muñoz-Izquierdo et al., 2020), has been used. The Z-score has been used to divide the companies into solvent, doubtful and insolvent (Altman, 1968). ...
Advances through Research and Development (R&D) companies have marked a meaningful change worldwide. The products developed by these companies are known. However, little is written about how they work, mainly whether they are solvent companies, whether they generate a profit from their activity, how long the life of these companies is, or whether they tend to go bankrupt. In addition, the pandemic caused by Covid-19 has had a significant impact on all types of companies, and it is worth asking whether the effect on R&D companies has been negative or positive. Taking all of this into account, the main objective of this study is to analyze the profitability, liquidity, and solvency situation of Spanish R&D companies considering their size, age and type of field. The impact of the Covid-19 pandemic on these companies will be analyzed too. In total, 135 Spanish companies have been studied, and whether they are R&D companies in natural and technical sciences or social sciences and Humanities has been considered. The Altman Z-score indicator has been used after descriptive analysis of the companies by ratios. This methodology has been used to assess whether the health crisis has compromised the solvency of these companies. The analysis of the study has shown that they are companies of great relevance at the national economic level, which have a favourable liquidity and solvency situation. In case of profitability of these companies the results could not be generalized. Also, results have shown that Covid19 had a significant impact on Spanish R&D companies and their financial and economic situation. This study is an essential contribution to the academic literature, public administration, and management of R&D companies.
... This transformation extends to HR-related practices encompassing aspects such as employee selection, motivation, development, and retention (Kudyba et al., 2020). Key themes like wage disparity, telecommuting, talent management, employee satisfaction, careers, employment, and innovation pertain not only to technological facets but also encompass broader social, economic, and political dimensions (Papazoglou, 2023;Santana & Cobo, 2020). Consequently, the future of work is contingent upon the adaptive responses of individuals and organizations to emerging technological landscapes (see Bednar & Welch, 2020or Sch€ afer et al., 2023. ...
Research into the "future of work" has become a central concern of scientists, experts and political decision-makers. This special issue addresses this topic and brings together 14 contributions from the fields of business and management. These articles offer new perspectives on the broad scientific landscape surrounding the future of work. The accepted manuscripts are organized into four primary research areas (remote and hybrid work, digital technologies and organizational practices, sustainable human resource management, and the future of organizations, sectors, and labor markets) and six thematic areas (organizational capabilities and culture, organizational performance, individual features, knowledge management, the dark sides of digitalization, and policy implications). The resulting framework serves as the basis for identifying illustrative research questions to guide future research on the future of work.
... De forma concreta, se ha argumentado en la literatura que existe una relación entre los incentivos financieros y la planeación estratégica financiera con la competitividad (Momaya, 2019) y la innovación (Papazoglou, 2023); sin embargo, nunca se había profundizado en los constituyentes de este aspecto financiero. Por lo tanto, en esta investigación se integró el control financiero, el control de riesgo y la planeación de inversión como principales componentes de la planeación estratégica financiera. ...
... Además, la forma en que se fomentan las capacidades de los recursos intangibles es mediante la introducción de procesos de innovación, así como con el fomento de la competitividad a través de inversiones en activos y de impulsar a la empresa hacia nuevos mercados (Gao et al., 2023). Es así que, se entiende por los hallazgos y por la literatura, que las empresas tienden a ser competitivas e innovadoras cuando tienen un control financiero y de riesgo, así como una planeación concreta de su inversión (Papazoglou, 2023). ...
La planificación financiera ha incrementado la dependencia sobre la administración estratégica y la planificación financiera para responder a las constantes externas del mercado (Altay et al., 2023; Rådberg y Löften, 2022). Por lo tanto, se determinó el efecto del control financiero, el control de riesgo y la planeación de inversión sobre la competitividad y la innovación de empresas manufactureras en el estado de Aguascalientes, mediante la metodología de Troise et al. (2022) para la medición de variables y la de Pinto et al. (2023) para la correlación lineal. La metodología consistió en el análisis correlacional de variables y rotación varimax de información recolectada mediante un cuestionario tipo Likert, encontrándose que las estrategias financieras tienen una correlación de 0.948 con la competitividad y de 0.927 con la innovación, lo que indica la existencia de planificación financiera mediante un proceso de estructuración en sus modelos de negocio a través de incentivos financieros para operar de forma activa y permanente en el mercado. Estos hallazgos limitan la brecha del conocimiento entre la capacidad financiera y las capacidades aprehendidas, ya que, a mayor desarrollo de las estrategias financieras, habrá más nivel de competitividad e innovación, mejorando las estrategias financieras y los modelos de negocios.
