Innovation In Sector Research Articles

The co-evolution of actor engagement and value co-creation on digital platforms

Increasingly, digital platforms connect suppliers, customers, and other ecosystem parties, facilitating the introduction of various Platform-as-a-Service (PaaS) offerings. This study examines the co-evolution of actor engagement (AE), reflecting actors’ dispositions to invest resources in interactions, and value co-creation (VCC), demonstrated through reciprocal resource integration. The focus is on PaaS initiatives in the asset management industry. Using a comparative case study approach, we analyze two fintech-generated PaaS offerings: a freemium model and a subscription-based model. Our findings reveal distinct pathways for platform development and scaling, driven by the interplay between AE and VCC. The freemium model fosters a “viral” community-building path, where early VCC serves as the engine for AE-VCC co-evolution. Conversely, the subscription model follows a “controlled” ecosystem-building path, with AE driving the process. We observe a gradual involvement of additional ecosystem partners, leading to upgraded solutions, expanded PaaS offerings, and platform upscaling. We identify key factors influencing these dynamics, including business model characteristics, actor roles, and feedback loops. Our study contributes to the literature on digital servitization and platform ecosystems by highlighting the importance of integrating AE and VCC practices to enhance platform utilization and scalability. We propose a framework and research propositions to guide future studies on PaaS development in complex, institutionalized industries. These insights also provide implications for managers aiming to implement effective PaaS strategies and foster innovation in the financial services sector.

Innovative policy of WTO on trade in the global financial services market

The World Trade Organization (WTO) has been actively working to address the various challenges facing the global financial services market and is of great importance for the regulation of trade in general, including trade in financial services. This is done through the WTO’s guidance in the conclusion of trade agreements containing provisions on financial services, such as the General Agreement on Trade in Services (GATS). The main goal of the GATS is to create conditions for legalizing and regulating trade in financial services between member countries. It promotes the creation of a legal framework for trade in services, including financial services, and establishes principlesand procedures to be followed by market participants. In addition, the WTO facilitates the exchange of information and best practices between countries to promote innovative development of the financial sector (FSC), Trade Facilitation Agreement (TFA), and stimulates competition, which can foster innovation. However, specific policies on innovation in the financial sector are usually determined by national governments and regulators, and the WTO helps to create a general framework for their development. However, it should be noted that ongoing efforts are needed to address the remaining challenges and to promote a more efficient and accessible global financial services market. The article examines the key features of the regulatory framework for modern financial instruments in individual countries, as well as the mechanisms of WTO regulation of the global financial services market.

Foundation Source acquires Vennfi

Foundation Source, a leading provider of cloud‐based software for private foundations and planned giving, has acquired Vennfi, the financial technology company powering Charityvest, a leading donor‐advised fund sponsor. According to Foundation Source, the acquisition will allow it to leverage Vennfi's donor‐advised fund (DAF) functionality to provide modern giving experiences and create new opportunities for innovation and growth in the philanthropic sector.

Energizing innovation: a bibliometric exploration of renewable energy entrepreneurship

Purpose This study aims to provide a thorough bibliometric analysis to illuminate the complex entrepreneurial environment in renewable energy. Design/methodology/approach The Biblioshiny package of the R programming language was considered for in-depth analysis of the papers. To determine the future course of research, the authors use SciVal data and prominence percentiles related to particular study areas. Findings The findings show a growing interest in renewable energy entrepreneurship, as seen by rising annual production and citation rates. By revealing the interconnection of themes throughout the subject, keyword co-occurrence patterns illustrate its interdisciplinary nature. Sustainable development goal alignment highlights the field’s critical role in tackling global sustainability issues. This analysis gives researchers, decision-makers and practitioners a framework for navigating the terrain of renewable energy entrepreneurship. Practical implications Practical advice for promoting innovation and sustainability in the renewable energy sector is provided through insights into interdisciplinary intersections and sustainability alignment. Originality/value This paper adds to the body of literature by providing a comprehensive analysis of renewable energy entrepreneurship and highlighting how it affects sustainability. Including SciVal data with prominence percentiles suggests future research avenues and highlights the field’s originality and importance.

Digital Accountability in Collaborative Public Governance in Times of Crisis: Analysing the Debate in a Polarized Social Forum

Accountability in collaborative public governance initiatives and in digital era governance is under‐researched, especially in the context of crisis and where issues are debated in a social forum. Accountability considerations are considered particularly important in collaborative governance arrangements, which are of growing relevance for delivering public services. This study, anchored in notions of digital accountability, analyzes debate in a social media forum about a collaborative governance initiative implemented during a crisis. The empirical case is the Austrian contact tracing app, a digital innovation considered key in managing the COVID‐19 pandemic. The study makes several contributions. First, it is one of the first to focus on the crucial role of debate in digital accountability in collaborative governance. Second, the study shows that the debate extends beyond the mere content of the innovation, highlighting the need to consider the ‘ecology’ of other (digital) tools, measures, and policies for crisis mitigation in parallel. Third, the study sheds light on the temporal dynamics of accountability in crisis response. The study contributes conceptually to an enhanced understanding of the expertise of actors in delivering and receiving digital public services. It also contributes to a management perspective of digital accountability, which is important given the potential implications for (non)acceptance of public sector innovations in crises and beyond. An enhanced understanding is possibly even more crucial for innovations requiring citizen co‐production in sensitive areas such as health.

Evidence of positive influence: soft skills competence and organizational culture on innovative work behavior

This study investigates the innovative work behavior (IWB) of marine lecturers, considering work motivation (WM), organizational culture (OC), and soft skill competence (SSC). Data from 145 respondents representing ten higher education polytechnics in Indonesia were analyzed using partial least squares-structural equation modeling (PLS-SEM). Respondents answered 54 Likert-scale questions, revealing that SSC significantly shapes IWB (estimated value: 0.504), primarily through problem-solving ability. However, WM showed no significant impact on IWB, possibly due to non-influential dimensions like science, technology, environment, and society. Incorporating technological developments as moderating variables could enhance this relationship. Notably, SSC and OC exhibit crucial relationships with IWB, highlighting their importance over WM. These findings shed light on the complex dynamics influencing IWB among marine lecturers, emphasizing the significance of SSC and OC in fostering innovation in the maritime education sector.

Exploring the acceptance of mixed reality technology innovation among mining industry workers

Mixed Reality (MR) technology is an innovative technology that has the capability to transform and boost productivity in the mining industry. At the same time, the scarcity of guidelines and research in examining the acceptance of MR technology innovation in the mining sector could make the adoption of MR technology innovation unpredictable. Therefore, in order to support the successful adoption of MR technology innovation in the mining sector, this manuscript is designed to better understand the factors influencing its acceptance among workers. Based on the literature review, five factors are hypothesized to influence the acceptance of mining industry workers regarding MR technology innovation. The factors underwent testing on a sample of 253 mining industry workers, which was obtained via an office-intercept survey and processed using SmartPLS software. The model has proven to be highly robust, as indicated by its outstanding scores in validity, reliability, multicollinearity, and goodness of fit. The results from the analysis indicate that attitude, perceived usefulness, and perceived compatibility are significant factors influencing the acceptance of MR technology innovation. While perceived novelty is an important factor affecting attitude, it does not significantly impact the acceptance of MR technology innovation. Moreover, perceived ease of use was not found to be a significant factor in influencing the attitude and intention to adopt MR technology innovation. This research offers both theoretical and managerial implications for its findings.

Fostering innovation in Algerian artisanal crafts: The impact of cluster development in Constantine and Batna

This article explores the cluster approach as a lever to stimulate innovation and entrepreneurship in the artisanal crafts sector in Algeria, focusing specifically on the clusters of brass artisans in Constantine and jewelry artisans in Batna, two departments in Algeria. Drawing on Richard Florida's „3Ts“ model (Technology, Talent and Tolerance), the study analyzes how belonging to a cluster can enable artisans to acquire innovation capabilities and undertake collective projects. The methodology used in this research is a field survey conducted during the 21st International Traditional Crafts Fair in Algeria. The sample consists of 228 artisans, representing 30% of the fair's participants, with a distribution of 46% women and 54% men. Data were collected using a structured questionnaire based on the three key innovation factors defined by the „3Ts“ model. The data were then analyzed using descriptive analysis and cross-tabulation techniques. The results indicate that while artisans remain attached to traditional methods, they recognize the importance of innovation in preserving and promoting their craftsmanship. However, the adoption of information and communication technologies is limited, highlighting a need for increased training. The study also demonstrates the potential of clusters to enhance collaboration among artisans, facilitate knowledge exchange and improve their competitiveness in the global market. Finally, the article underscores the importance of protecting artisanal creativity through collective marks and geographical indications.

Interdisciplinary Perspectives on Agent-Based Modeling in the Architecture, Engineering, and Construction Industry: A Comprehensive Review

This paper explores the transformative impact of agent-based modeling (ABM) on the architecture, engineering, and construction (AEC) industry, highlighting its indispensable role in revolutionizing project management, construction processes, safety protocols, and sustainability initiatives including energy optimization and occupants’ comfort. Through an in-depth review of 178 documents published between 1970 and 2024 on current practices and the integration of ABM with emerging digital technologies, this study underscores the critical importance of ABM in facilitating enhanced decision-making, resource optimization, and complex system simulations. For instance, ABM is shown to reduce project delays by up to 15% through enhanced resource allocation and improve safety outcomes by simulating worker behavior and identifying potential hazards in dynamic construction environments. The results reveal ABM’s potential to significantly improve construction methodologies, integrate technological advancements seamlessly, and contribute to the development of sustainable and resilient building practices. Furthermore, this paper identifies key areas for future research, including the exploration of ABM’s capabilities in conjunction with other digital innovations to unlock new avenues for efficiency and sustainability in construction. This study sets out a forward-looking agenda for providing this modeling approach to address contemporary challenges and harness opportunities for innovation and growth in the AEC sector.

Statistical analysis of the impact of profitability in the manufacturing and service sectors on the UK Economy’s Growth

The UK economy's performance is closely tied to the profitability of its Manufacturing Sector (MS) and Service Sector (SS). Understanding these sectors' dynamics is crucial for effective policymaking. Integrating sustainable practices in both sectors enhances profitability and operational efficiency while contributing to economic growth and reducing environmental impact. This study investigates the relationship between UK economic growth and profitability in the MS and SS from 1998 to 2022. The primary objective is to examine how profitability influences the UK's growth trajectory. Employing various statistical methods, including correlation, regression, cointegration, and variance decomposition analyses, the study aims to provide insights into the interplay between GDP and sector profitability. A quantitative approach using secondary data on GDP and profitability from reliable sources is adopted. Correlation analysis explores relationships between these variables, while regression analysis assesses the impact of MS and SS profitability on GDP. Cointegration tests identify long-term equilibrium relationships, and variance decomposition analysis reveals the variability of GDP and sector profitability over time. The correlation matrix indicates positive associations between GDP and both sectors, with the SS showing a stronger correlation. Regression analysis confirms significant effects of both sectors on GDP, with the SS exerting a positive influence and the MS a negative impact. Cointegration tests highlight long-term stability, and variance decomposition analysis emphasizes the dynamic nature of these relationships. This study elucidates the intricate link between UK economic growth and sector profitability, underscoring the SS's critical role in driving expansion while addressing challenges in the MS. Policy recommendations include enhancing productivity and innovation in both sectors, informed by evidence-based decision-making. Overall, the study contributes valuable insights into the UK economy's growth dynamics, guiding sustainable economic development strategies.

Competitive advantages of transparency: How anti-corruption initiatives can drive innovation and growth in the energy sector

This review examines the role of anti-corruption initiatives in driving innovation and growth within the energy sector, with a particular focus on emerging markets. As global demand for energy continues to rise, the imperative for ethical and transparent business practices grows stronger. This study synthesizes current literature on anti-corruption measures, transparency initiatives, and their impacts on competitive advantage in the energy industry. Through a comprehensive analysis of case studies and empirical research, we identify several key mechanisms through which transparency can foster innovation and drive growth. These include enhanced stakeholder trust, improved access to capital, attraction of top talent, and the creation of an ethical corporate culture that encourages innovation. Our findings suggest that successful anti-corruption initiatives in the energy sector require a nuanced understanding of local contexts, strong leadership commitment, and the strategic use of technology. The review also highlights the potential of open data platforms and blockchain technology in facilitating transparency and compliance. By identifying key factors contributing to successful anti-corruption efforts and their subsequent impacts on innovation and growth, this study provides valuable insights for policymakers, industry leaders, and researchers working towards a more transparent and innovative energy sector. Future research directions are proposed to further explore the long-term impacts and scalability of these initiatives across different market contexts.

Strategic leadership and management within non-profit organizations: An in-depth review of practices contributing to sustainable impact

This study provides an in-depth review of strategic leadership and management practices within non-profit organizations (NPOs) and their contribution to sustainable impact. Employing a systematic literature review and content analysis, the research aims to explore the evolving landscape of strategic leadership, define the scope of leadership and management in achieving sustainable impact, and identify innovative management practices that enhance organizational sustainability. The methodology involved a comprehensive search across peer-reviewed journals, conference proceedings, and grey literature from 2013 to 2023, focusing on empirical evidence, theoretical frameworks, and case studies relevant to NPOs' strategic leadership and management. Key findings reveal that adaptive leadership, innovative management practices, stakeholder engagement, and technology integration are crucial for NPOs to navigate operational complexities, engage stakeholders effectively, and achieve mission-driven objectives. The study proposes strategic recommendations for NPOs to enhance their sustainable impact, including adopting adaptive leadership styles, fostering innovation, integrating technology, and building resilient organizational frameworks. The study underscores the importance of policy development to guide non-profit leaders towards best practices in strategic leadership and management. It also highlights future research directions, emphasizing the need to explore the impact of emerging technologies, globalization, and cross-cultural dynamics on NPOs. Conclusively, the research affirms that effective strategic leadership and management are indispensable for enhancing the sustainable impact of NPOs, advocating for continuous innovation and adaptability in the non-profit sector.

Tab the lab: A typology of public sector innovation labs

Many public sector organizations set up innovation laboratories in response to the pressure to tackle societal problems and the high expectations placed on them to innovate public services. Our understanding of the public sector innovation laboratories’ role in enhancing the innovation capacity of administrations is still limited. It is challenging to assess or compare the impact of innovation laboratories because of how they operate and what they do. This paper closes this research gap by offering a typology that organizes the diverse nature of innovation labs and makes it possible to compare various lab settings. The proposed typology gives possible relevant factors to increase the innovation capacity of public organizations. The findings are based on a literature review of primarily explorative papers and case studies, which made it possible to identify the relevant criteria. The proposed typology covers three dimensions: (1) value (intended innovation impact of the labs); (2) governance (role of government and financing model); and (3) network (stakeholders in the collaborative arrangements). Comparing European countries and regions with regards to the repartition of labs shows that Nordic and British countries tend to have broader scope than continental European countries. Points for practitioners Public sector innovation (PSI) labs can help to approach innovation collaboratively across organizational boundaries. It is, however, necessary in this context to find the setup that best addresses an organization's needs or strategic ambitions. The proposed typology is based on criteria relevant for designing PSI labs. Being able to distinguish the different labs helps practitioners to choose models that fit their purposes and learn from existing labs.

Quantum computing and its implications for Asian innovation ecosystems

ABSTRACT Where quantum computing is emerging as a catalyst for innovation, this paper investigates its influence on R&D efficiency and innovation outcomes across 4,500 firms in six key sectors – pharmaceuticals, finance, materials science, energy, telecommunications, and logistics – in Asia between 2015 and 2024. The study employs advanced models, including Agent-Based Modeling (ABM), Bayesian Networks, Support Vector Machines (SVM), and Markov Chains, to analyse the relationship between quantum computing investments and innovation performance. The results indicate that high-R&D sectors, such as pharmaceuticals and finance, benefit most from quantum computing due to its role in accelerating drug discovery and optimising risk management. In contrast, low-R&D sectors like telecommunications and logistics face slower adoption due to infrastructure challenges and limited resources. Government support, particularly through subsidies and tax incentives, enhances the impact of quantum computing investments on innovation outcomes, especially in high-R&D industries. This study addresses key gaps by providing empirical evidence of quantum computing’s role in driving sectoral innovation and offering actionable insights for policymakers and industry leaders.

Stakeholder engagement-as-practice in public sector innovation

Despite the existing literature identifying the importance of stakeholder participation in public sector innovation, little is known about the practice of how stakeholders are engaged by public sector workers. The aim of this article, therefore, is to address this gap through an exploratory analysis of UK public sector innovation cases. By analyzing the micro-processes of engagement work, our findings illustrate different strategies that public workers adopt based on whether innovation derives from the top-down or bottom-up and whether stakeholders are managed or co-produce innovation. For each of these strategies we highlight the prevalence of four sets of practices that were identified as facilitating engagement – procedural, material, relational, and cognitive. Our findings have implications for the existing literature that looks at the “doing” of public sector management.

Female CEOs and Green Innovation: Evidence from Asian Firms

This study aims to examine how female CEOs influence green innovation and whether firm size moderates this connection. Our paper focuses on CEOs, who are considered the strategic leaders of corporations, because of their crucial role in making important decisions. This research paper examines how female CEOs influence green innovation (GI) in the Asian industrial sector. The primary goal is to address these research questions: Do Asian industrial firms with female and male CEOs differ in their GI efforts? Is there a positive moderating influence of Asian industrial enterprises’ size on the nexus between women in CEO positions and eco-innovation? Based on our research questions, firm size is likely a determining factor in the GI of female CEOs. This research employs rigorous econometric modeling to analyze a substantial dataset of listed Asian industrial companies from 2013 to 2022. We have found a significant positive correlation between female CEOs and GI in Asian industrial firms. It has been proven that female CEOs in the industrial sector are more inclined to promote environmentally friendly practices. Furthermore, the size of an industrial firm amplifies the beneficial influence of a female CEO on the firm’s chances of engaging in GI initiatives. Regarding the moderating effect of size, the size of companies significantly magnifies the impact of female CEOs on GI. The effectiveness of female CEOs on environmentally friendly practices is more prominent in large corporations than in smaller ones. Our outcomes remain robust with respect to endogeneity issues using two-step GMM estimators. This study proposes that stakeholders, particularly in Asian countries, should promote the increased representation of females in CEO roles, particularly within large corporations. This is because women-led companies demonstrate superior performance in GI endeavors. Hence, regulators must establish policies that facilitate the participation of women in CEO positions within large-scale enterprises. These policies may strengthen the private sector’s capacity to foster sustainable innovation.

Natural language processing in finance: A survey

This survey presents an in-depth review of the transformative role of Natural Language Processing (NLP) in finance, highlighting its impact on ten major financial applications: (1) financial sentiment analysis, (2) financial narrative processing, (3) financial forecasting, (4) portfolio management, (5) question answering, virtual assistant and chatbot, (6) risk management, (7) regulatory compliance monitoring, (8) Environmental, Social, Governance (ESG) and sustainable finance, (9) explainable artificial intelligence (XAI) in finance and (10) NLP for digital assets. With the integration of vast amounts of unstructured financial data and advanced NLP techniques, the study explores how NLP enables data-driven decision-making and innovation in the financial sector, alongside the limitations and challenges. By providing a comprehensive analysis of NLP applications combining both academic and industrial perspectives, this study postulates the future trends and evolution of financial services. It introduces a unique review framework to understand the interaction of financial data and NLP technologies systematically and outlines the key drivers, transformations, and emerging areas in this field. This survey targets researchers, practitioners, and professionals, aiming to close their knowledge gap by highlighting the significance and future direction of NLP in enhancing financial services.

Men’s and women’s visions of employment policies to combat depopulation in rural Spain

The paper draws on the data gathered from a survey on men and women living in Spanish municipalities affected by depopulation. Using factor analysis, it identifies labour profiles among men and women associated with socio-demographic, economic and technological variables. We establish four profiles related to employment status for the men and women in a rural environment. For the women, we identify a group linked to the services sector, another to the public administration sector, and a group with unstable employment and the intention to emigrate, with these women being the youngest. Additionally, there is a group of women that report not working or never having worked, with these individuals being older and associated with family businesses. Regarding the men, the first three groups correspond to the agricultural sector, the industry sector and the services sector, with there also being a further group consisting of young men either without a job or with an unstable one. The article also applies cluster analysis to examine men and women’s preferences as regards the policies currently most widely used to promote rural employment in Spain: concession of tax benefits for job creation, the promotion of entrepreneurial activity, innovation in the primary sector and the advancement of rural tourism. The order of preference for the four policies is the same for both sexes, with entrepreneurship and improved funding being the most preferred, followed by innovation in agricultural activity. The results show, however, that variables such as age, level of education, type of job, economic sector, income and size of municipality of residence, have a different impact on men’s and women’s choices.

Public sector innovation teams: Experience from field‐level bureaucracies

How public sector innovation teams take on innovation assignments has attracted insufficient attention from researchers. This study aims to address this gap by exploring the experiences of innovation teams in field‐level bureaucracies in a non‐Western context. In‐depth interviews with 62 public bureaucrats involved in 31 district and subdistrict innovation teams in Bangladesh reveal that the team members lack innovation orientation and team‐building activities, both constraining their innovation performance. It contributes to the innovation literature by explicating that several hostile organizational practices constrain team members' innovation orientation and team‐building activities, which preclude them from being proper innovation teams, affecting their innovation performance.

Which innovation capabilities are relevant for technological and non-technological innovation? Implications for manufacturing firms' financial performance

PurposeThis paper investigates which innovation capabilities are more important for driving technological and non-technological innovations and which of the two innovation types has the greatest impact on the financial performance of manufacturing companies.Design/methodology/approachBased on a theoretical model of four innovation capabilities – two technological: Technology Development Capability and Operations Capability, and two non-technological: Management Capability and Transaction Capability – a database of 1,331 Brazilian manufacturing companies was analyzed through partial least squares structural equation modelling (PLS-SEM).FindingsThe results indicate that technological capabilities (Technology Development and Operations) have a greater impact on technological innovation. However, both technological capabilities also affect non-technological innovation, with the Technology Development Capability being the most influential in this relationship. Results also indicate that non-technological capabilities (Management and Transaction) have a greater impact on non-technological innovation. Nevertheless, both non-technological capabilities also impact technological innovation, especially the Transaction Capability, which is the most influential in this relationship. Furthermore, it was identified that non-technological innovation has a more significant impact on financial performance than technological innovation, presenting a novel finding to the field of innovation in manufacturing.Originality/valueThis manuscript refutes prior discussions and opens new possibilities for the interconnection of dynamic and ordinary innovation capabilities in two different arrangements, each aimed at improving a specific type of innovation. A theoretical framework is proposed to highlight that, depending on the innovation type focused on, ordinary innovation capabilities can be more relevant than dynamic ones for innovation in the manufacturing sector. From these theoretical advancements, practitioners can understand that investments in non-technological resources, skills and routines can also boost technological innovation, as well as sales, profit and market share growth.