Benefits Of Innovation Research Articles

The Impact of Financial Innovation on China's Provincial Economic Resilience

Financial innovation's impact on the socio-economic resilience cannot be disregarded in the context of the ongoing pursuit of innovation. This study employs a variety of econometric models, including the moderating effect and the mediating effect, to experimentally assess the relationship between financial innovation and economic resilience. The study's findings show that: financial innovation can significantly boost a province's economic resilience; the proportion of state-owned enterprises mitigates the benefits of financial innovation for economic resilience; and improving industrial structure and market activity are two ways that financial innovation boosts economic resilience. Thus, the research in this paper promotes the understanding of the development effect of financial innovation and provides a reference for the path of economic resilience enhancement.

News big data analysis of international start-up innovation discourses through topic modelling and network analysis: comparing East Asia and North America

ABSTRACT It is important to examine how start-up innovation is emerging in the information society. The media is a window through which innovation is highlighted in which fields. We conducted a comparative study with North America to comparatively analyze how startup innovation in East Asia appeared. This study used a set of computer analysis methods including Dirichlet-multinomial regression Topic Model and Topic network analysis. News articles from 2000 to 2019 were collected from East Asia and North America and were analysed on the topic of start-ups. The results indicated that the discourse of start-ups from East Asia and North America in the 2000s and 2010s showed distinctly different trends. The East Asia media changed its focus from an innovation economy to an emerging industry: mobility & energy, while the North American media showed a change from revenue sources to the benefit of innovation. In the discourse of start-ups in East Asia, the government-centred innovative economy was emphasised in the 2000s, and expectations for emerging industries such as mobility and energy increased after the 2010s. Meanwhile, in the discourse of start-ups in North America, revenue sources were emphasised in the 2000s, and the proportion of beneficiaries of innovation increased after the 2010s.

Driving Path and System Simulation of Green Innovation Capability of Science and Technology Enterprises in Yangtze River Delta

Green innovation integrates innovation-driven and green development strategies, which helps to realize the green transformation of production and life in the Yangtze River Delta region, and promote high-quality economic development. Based on the multidisciplinary cross attribute of system dynamics (SD), the boundary and influencing factors of the green innovation system are defined, and the system dynamics model of green innovation ability of science and technology enterprises is constructed. With the help of statistical data from 2010 to 2020, the model is simulated to explore the change trend and law of elements. The results show that: (1) The green innovation ability of science and technology enterprises is composed of three stages, knowledge innovation, technological innovation, and innovation application, which are interconnected and progressive. The change trend of each variable is conducive to the improvement of green innovation competitiveness, and the green innovation benefits are significant. (2) Green innovation is driven by multidimensional factors such as R&D investment, technological innovation investment, knowledge innovation ability, and the conversion rate of scientific research achievements. The improvement of the conversion rate of scientific research achievements has the greatest impact on the enterprise’s green innovation ability, and the change trend is more obvious. (3) Positive and negative two-direction sub-mode regulation of R&D investment, technological innovation investment, and scientific research achievement conversion coefficient will affect the speed of green innovation accumulation of enterprises, and this increment is marginally increasing with the increase of the coefficient in the short term. Finally, some suggestions are put forward to promote the green innovation ability of science and technology enterprises in the Yangtze River Delta.

Non-technical inhibitors: Exploring the adoption of digital innovation in the UK construction industry

Digital technologies, in particular, Building Information Modelling (BIM), are claimed to provide an effective and efficient solution for tackling the plethora of problems in the UK construction industry, including time and cost overruns, low quality, and inefficient use of resources. Despite the potential benefits and government promotion, the adoption of digital innovation in the construction sector remains low. An extensive range of existing literature has discussed the constraints hampering the widespread uptake in the construction industry. However, most provide quantitative data, preferring to focus on the technical constraints; only a few examine the theoretical framework underpinning the barriers to increased adoption. This study responds to the call of Davis et al. (2014) to apply socio-technical theory to new areas, and uses a qualitative approach to explore the non-technical barriers to the take up of digital innovation in the construction industry. A number of non-technical barriers that constrain industry uptake (e.g., sociocultural, individual) were identified in a series of interviews, and are grouped under six analytical dimensions, encompassing people, culture, process and procedure, technology, goals and infrastructure. Our findings show that collaborative culture, driven leaders with a human-centric mindset who believe in the changes being implemented, and workforce training and upskilling are all needed for the successful adoption of digital technology in construction firms. Making managers and the wider workforce aware of the benefits of digital innovation results in enhanced perceptions of, and openness to, the adoption of new technologies. Creating a clear digital strategy, early involvement of the supply chain, keeping employees on board during the digitisation journey, and effective communication and coordination, help construction companies to tackle challenges related to process and procedure.

‘Most Likely You Go Your Way (and I’ll Go Mine)’: School-level enactment of an educational innovation policy in Barcelona

Narratives on innovation in education are spreading fast and both national and local educational administrations have been recently promoting innovation policies and programmes in many different European contexts. Academic literature analysing the potential benefits of innovation in education has expanded accordingly, with some international organizations increasingly commissioning research aiming to study the impacts of educational innovation, especially on learning outcomes. Interestingly, less attention has been given to analysing how these policies and programmes are translated into different practices at the school level. Drawing on a policy enactment framework, this paper aims to analyse the ways in which schools interpret top-down policy text and prescription on innovation and enact innovation in education. To do so, we focus on the case of Xarxes per al Canvi (XC), an educational innovation programme launched by the educational administration of the city of Barcelona in 2017 that aims to create school networks in order to stimulate knowledge sharing and innovation. Findings show how schools make sense of the innovation policy diversely. Policy enactment outcomes appear to be context-sensitive, with schools enacting its precepts in different ways, especially to serve their needs in increasingly competitive local education markets.

A decade and a half of OECD action on data governance policy-making

The OECD has long recognized the need to better understand how to reconcile the risks and benefits of data access and sharing to help governments reap the benefits of data-driven innovation. To guide policy-making, the OECD has produced over the last decade and a half a significant body of analytical work and legal instruments setting out principles and best practices to address sector-or domain-specific challenges in the governance of data. These Recommendations include: the Recommendation concerning Access to Research Data from Public Funding2; the Recommendation for Enhanced Access and More Effective Use of Public Sector Information3; and the Recommendation on Health Data Governance4. In what appears to be the latest strong demonstration of its commitment to the issue, the OECD Council adopted in 2021, the Recommendation on Enhancing Access to and Sharing of Data (EASD Recommendation)5. Differently from the preceding ones, the EASD Recommendation provides an overarching set of principles and policy guidance to help governments reconcile potential risks and benefits and unlock the re-use of all types of data across and within sectors, jurisdictions, organisations, and communities. The aim of this paper is to put in context this significant body of work and set out the main policy issues addressed by these OECD Recommendations.

Purwarupa Penghapus Papan Tulis Otomoatis guna Meningkatkan Efektifitas Proses Belajar Mengajar di Sekolah Dasar

In general, primary and secondary schools still erase the blackboard manually. These activities will take up study time in the classroom and can even cause clothes to become dirty. From these problems, an innovation based on microcontroller technology is proposed to clean the blackboard by pressing the push switch. This automatic whiteboard uses a servo that will function as a drive that will move the eraser to clean the board. The micro servo can move because it is connected to the Arduino Uno that has been programmed. The workings of this blackboard eraser prototype are when the switch is pressed, and the micro servo will move the eraser with a large angle of rotation direction that is 90 ° from the bottom up repeatedly until the whiteboard is clean. The research process began with the Double Diamond approach introduced by the British Design Council. It was a design process using a social approach by conducting activities with prospective users of innovation, which are integrated with an approach with design thinking to produce technology-based innovations that are beneficial to candidates that users. After getting the primary solution, it will proceed with making a simple prototype that will be used to test the functions and benefits with potential users. From the results of testing with prospective users, obtained satisfactory results in terms of ease of use of technology, the benefits of innovation, and function in prototypes.

Simulation of Intellectual Property Management on Evolution Driving of Regional Economic Growth

The input, application, and transformation of intellectual property can significantly promote the economic development of a region, but the path and operation mechanism of intellectual property management on regional economic growth are not very clear. System dynamics theory was used to analyze the driving force and resistance of intellectual property management from macro to micro. With the help of system dynamics theory, equations were constructed to simulate the process path and force from intellectual property management to regional economic growth, and sensitivity analysis was used to find sensitive influencing factors in the system. The following conclusions were drawn: (1) intellectual property affects regional economic growth from the macro level, such as intellectual property investment, policies, and the construction of rules and regulations; (2) enterprises, whether in the industry, universities and research institutes, or in this system, are the main body to create innovative benefits and ultimately promote regional economic growth; (3) the continuous investment of intellectual property resources and the driving force of enterprise innovation are all sensitive factors of this system. The government should give full play to its functions and strengthen the management of intellectual property in order to enable the regional economy to obtain high quality development. Through the study of the cooperation between the subjects in the process of intellectual property management activities, the integration and allocation process of factors and resources has been researched, and revealing the action process and dynamic change process of technological innovation activities on economic growth also have been revealed.

Does entrepreneurial intention for innovation at firm-level matter to affect performance?

Purpose: The purpose of this paper is to 1) examine the influence of firm-level entrepreneurial attitude toward innovation, subjective norms for innovation, and perceived control over innovation on firms’ intention for innovation; 2) study the influence of firms’ intention for innovation on new product development performance; 3) test the effect of new product development performance on firms’ financial performance. Design/methodology/approach: The proposed theoretical model has been analyzed through structural equation modelling using SmartPLS software and structured questionnaires has been distributed among 244 entrepreneurs in Oman. Findings: By empirically testing the antecedents of the firm-level entrepreneurs’ intention with a focus on existing firms (not their intention for new venture creation), it was found that attitudes toward innovation and perceived behavioral control do predict firm-level entrepreneurs’ intention for innovation. The firm-level entrepreneurs’ intention for innovation was also found to positively affect new product development performance. And new product performance was found to enhance financial performance of firms. Practical implications: The findings of this study interject a better understanding of the new product development performance and financial performance which can be achieved by the firm-level entrepreneurial intention for innovation. Entrepreneurs can effectively convey the relative benefit of SME's innovation by emphasizing how the innovation in the firm can help to increase revenue, profitability, boost sales growth, and strengthen the financial health of the SMEs by developing new products for the market. Originality/value: This research contributes to the understanding the relationship between the entrepreneurs’ behavioural characteristics and the firm level entrepreneurial’ intention and how it affects new product development performance and financial performance.

The Latest Innovations in Landscape Design

The rapid and constant development of innovative technology continues to shape new opportunities for the design sphere, including landscape design. With the progress of urban modernization and the improvement of people’s living standards, more attention is paid to the city and the environment coordinated development, and the aesthetic and user needs of the landscape are becoming higher. This research aims to identify relevant innovations in landscape design based on a survey of employees of companies in the field of landscape design and carry out a SWOT analysis of the innovative technology implementation process for professional training of future landscape designers to establish the benefits of innovation in landscape design.

Inside the innovation: participants’ perceptions of the Consultative Committee of Inquiry to Enhance the Quality of Democracy in Austria, 2014–15

ABSTRACT This article is a comprehensive analysis of the democratic benefit of a democratic innovation introduced to the Austrian Parliament in the year 2014–15: the Consultative Committee of Inquiry to Enhance the Quality of Democracy in Austria. As a novelty, eight citizens, selected by lot, were included to participate in this committee. This article looks at the perceptions of these citizens (gathered via interviews), committee protocols and media coverage. The committee deepened the lack of trust in politics, and it fell prey to party politics. Pseudo-participation to window-dress problems is likely to be detected by participants and the media, especially when they occur in established forms of deliberation. This article shows that, instead of enhancing democracy, democratic innovations can backfire.

The impact of digital finance on green innovation: Evidence from provinces in China

This paper tries to uncover the shock of digital finance on green innovation by employing data for 30 provinces, municipalities or autonomous regions in China via estimation of fixed effect model and further divides the whole sample into three regions to see whether this impact is constant among the east, central, and west regions. The empirical study shows that higher level of digital finance is usually associated with better green innovation, which is reliable while we carry out robustness tests. Furthermore, while coverage and depth of digital finance benefits for green innovation, the degree of it cannot affect green innovation. In addition, heterogeneity analysis for different regions shows that while the digital finance tends to be beneficial for green innovation in western and central regions, it exerts no significant impact in easter regions.

Global buyer–supplier networks and innovation: The role of technological distance and technological breadth

AbstractOne of the critical challenges of technology management for a firm is managing technological knowledge. This study focuses on available technological knowledge in a firm's global supplier network and examines factors that accrue innovation benefits from such knowledge for a buyer firm. Using absorptive capacity as a theoretical lens, we specifically examine technological distance, technological breadth, and extent of global sourcing, and how these factors interrelate in influencing a firm's innovation performance. The panel data is drawn from various sources (Bloomberg SPLC, PATSTAT Global, and Compustat). Our sample spans four years from 2011 through 2014 and comprises an unbalanced panel of 878 firm‐year observations derived from buyer–supplier relationship data of 246 unique buyer firms. Embedded in this data are 846 unique supplier firms and 9291 dyads (buyer–supplier pairs). The findings confirm the negative association between technological distance and innovation performance, and the positive association between technological breadth and innovation performance. Contrary to expectations, technological distance plays a negative moderating role in the relationship between technological breadth and innovation performance. The results also show that while the extent of a firm's global sourcing has a positive relationship with its innovation performance, the relationship changes with technological distance.

Experiences of Creating Computable Knowledge Tutorials Using HL7 Clinical Quality Language.

Computable knowledge artefact development is challenging and often culminates in the development of unique single usage solutions. Libraries of computable knowledge artefacts have the possibility to enhance the Learning Health System in order to improve the benefits of innovation and the decision making of clinicians. This paper aims to discuss the process of creating the use cases and the tutorial material that would enable students to both understand how the interaction between the dataset and the outcome occurs as well as how HL7 Clinical Quality Language can be used to create artefacts of re-usable code.

Innovation Strategies and Corporate Performance: Perspective from India

More studies indicate that businesses becomes very competitive in an emerging market when they give importance to innovative activities that build their reputation in the market environment. Essentially, the key reason for innovativeness is the desire of firms to obtain increased business corporate performance and increased competitive edge and the ultimate goal of innovation is to improve business corporate performance. Innovation strategies are critical for firms that are in pursuit of improved corporate performance and their reward is often an increase in their profits and their market share. Process of strategic innovation is strongly associated with organizational learning and refers to ability of organization to generate, accept and implement new ideas, processes, products or services. The primary goal of process innovation is to generate a notable increase in corporate performance or to drive down costs significantly. This approach can help organizations achieve major reductions in process cost, improvements in quality, service levels and other business objectives. Strategic innovation is contributor to creation of new markets and products for the market, however even after the benefits of strategic innovation has been established the impact of strategic innovation on corporate performance of Businesses has remained misunderstood. The study adopted the use of mixed method approach research design which is the application of both qualitative and quantitative approaches. The study used a desk study review methodology where relevant empirical literature was reviewed to identify main themes. Result findings from literature-based review indicated that innovation had positive and significant influence on the corporate performance of businesses. It was recommended that innovation information should be available particularly to regulatory and advisory bodies for guidance to the Businesses on the need to craft and employ sound strategies geared towards continuously embracing innovativeness since innovation leads to improved financial corporate performance. Keywords: Sustaining innovation, Incremental innovation, Radical innovation, Process innovation, corporate performance

Exploring knowledge exchange and social capital within agri-food business support programmes

Developing social capital and intellectual capital is critical to enhancing knowledge management (KM) and innovation. Social capital relates to KM as it provides access to new sources of knowledge, with each dimension of social capital having different effects on knowledge exchange. The amount of knowledge gathered over time and the use of communication technologies is essential to understand the role knowledge plays in social capital innovation, also referred to as intellectual capital.
 
 Social capital and intellectual capital are regarded as factors needed to enhance KM amongst agri-food business support programmes. Limited research to date has explored how intellectual capital is linked to each dimension of social capital. Current qualitative research being conducted in this PhD aims to contribute to this body of knowledge. This paper will include preliminary results from pilot study research. Initial interview and observation findings suggest that bonding social capital and intellectual capital lead to enhanced knowledge exchange and therefore increased innovation capabilities. The findings from this research will be beneficial to agri-food businesses, agriculture support programmes, training programmes, farmers, and governing bodies and will aid understanding into social capital and its benefits for knowledge exchange and innovation.

Subsidy for clean innovation considered technological spillover

Under technological spillover, this article considers the effects of subsidy to improve clean innovation. Some interesting conclusions are achieved. First, firms without innovation benefit from technological spillover and subsidy promotes firms' innovation. Second, energy price fluctuation affects innovative firms more than others. Third, carbon taxes impact outputs and profits uncertainly. Finally, more subsidy yields less emission, while the environmental efficiency of subsidy decreases with subsidy intensity.

A European Approach to the Establishment of Data Spaces

Within a context defined by the rapid increase in the availability of data, combined with the complexity of data sources, infrastructures, technologies and actors involved in data sharing flows, the European Union (EU) is devising approaches that can reap the benefits of data-driven innovation [...]

Favor reciprocity, innovation and inefficiency: the double-edged sword of business-to-business wasta relations

PurposeThe purpose of this study is to empirically investigate the dark side of business-to-business (B2B) relationships in traditional business practices worldwide that rely on strong networks.Design/methodology/approachThis study applies a questionnaire survey to collect data from buyers in 224 Kuwaiti firms and uses the partial least squares structural equation model for data analysis.FindingsDrawing on the social exchange theory, we test the relationships between B2B wasta, relationship satisfaction, innovation and efficiency. The findings show that despite the belief that wasta brings long-term benefits when applied in B2B relationships, it negatively impacts the firm’s efficiency.Originality/valueThis study contributes to the existing literature on B2B relationships by identifying important issues related to the multifaceted nature of B2B wasta relationships. The study confirms the importance of relational and innovation benefits over economic consequences based on elements of social exchange theory, which extends our current understanding of the application of SET in B2B wasta relationships.

Optimal Patent Protection Length for Vital Pharmaceuticals in the Age of COVID-19

The highly unequal access to COVID-19 vaccines observed at a critical moment of the pandemic coupled with the considerable profits cashed by the main vaccine producers have brought the debates on patent protection back into sharp focus. The trade-off between the need to encourage innovation through patent protection and the right of populations across the world to access life-saving pharmaceutical products raises important concerns that go beyond innovation stimulation. This paper leans on the inclusion of non-economic considerations based on social identity theory in optimization strategies to analyze the arguments underlying the patent length in the pharmaceutical industry and questions the measurement of social benefits of innovation in the Nordhaus’s model in its applicability to the case of vital pharmaceuticals. It proposes some new considerations akin to extra welfarism in the microeconomic analysis of the social welfare underlying traditional arguments in support of long patent protection periods. Simplified comparative statics are employed to show that, from the social welfare point of view, an incentive system in which a reward equivalent to the discounted profits is remitted to the innovator yields higher social welfare than monopoly protection without diminishing the incentive to innovate. These results suggest that in the case of vital medicines such as vaccines and antiretroviral drugs for HIV/AIDS treatment, social welfare is maximized by imposing compulsory licensing and making treatment accessible to all (potentially) infected citizens.