Author: Zhaoming Cui
Publisher:
ISBN:
Category : High technology industries
Languages : en
Pages : 220

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Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :

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The thesis contains three chapters. The topics that are discussed refer to the technology industries and companies. The first chapter is entitled "On the Choice between Closed and Open Modes of Production" . A final product comprising of two complementary components, A and B, is said to be produced under the closed mode if A and B are produced by the same firm, and under the open mode if A and B are produced by different firms. In this chapter we develop a multi-period duopoly model to address the choice between closed and open modes of production. Within each period, the firms make decisions about their modes of production simultaneously in the first stage, and then choose their respective prices simultaneously in the second stage. We establish the existence of sub-game perfect Nash equilibrium and show that the open mode becomes more likely vis-à-vis the closed mode if the firm with a higher total cost of producing both components experiences a cost reduction in the components, if there is an increase in the other firm's cost of producing the component in which it has a disadvantage, if the quality of products produced under open mode goes up, and if the quality of products produced under closed mode goes down. In addition, we explore the possible divergence between the equilibrium mode and the mode that maximizes social welfare, and how it is affected by changes in the parameters. In the case of far-sighted firms that recognize the inter-temporal linkages between games in successive periods, we establish the existence of a symmetric pure strategy Markov perfect equilibrium that features rational expectations of future profits and show that a firm, whose unit cost of producing each component is lower than that of its rival (called a "clear winner"), may cede one component market to its competitor under some realizations of production costs, whereas a clear winner that ignores the inter-temporal linkages will always take both component markets. That is to say, rec.

Author: Isabella Stojkovski
Publisher:
ISBN: 9783757513771
Category :
Languages : en
Pages : 0

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Author: Hiroki Sano
Publisher:
ISBN:
Category :
Languages : en
Pages : 280

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This dissertation studies management of new technologies in the context of manufacturing and service, respectively, focusing on different issues specific to each type of industry. The first two essays investigate cooperative decisions regarding development and ownership of new technologies between competing manufacturers, and the third essay explores the positive effects of social media marketing (SMM) activities for companies of services with high perceived risk. In the first essay, we consider firms which can individually invest a fixed cost to enter a market that generates fixed industry-wide revenue if at least one firm invests. Instead of individually investing, each firm can also invest with its rival(s) as a coalition to share their cost efficiency and their total cost while incurring an additional coordination cost. The industry-wide revenue is divided to firms in the market according to their relative market power. We characterize the stable coalition structure and examine the industry-wide efficiency of the structure for a duopoly case and a restricted three-firm case, respectively. In the second essay, we consider a Cournot duopoly model in which one firm originally owns a new process technology while the other firm originally owns an existing process technology. Compared to the existing one, the new process technology enables production with a lower unit capacity cost while involving yield uncertainty in production capacity. We show that yield uncertainty of the new process technology can increase the likelihood of the new process technology being shared whether or not transfer payment is allowed between the two firms. In the third essay, we empirically investigate how customers of non-life insurance services in Japan recognize the effects of companies' SMM activities and how those SMM activities influence customer satisfaction (SAT) and relationship strength (RS). The results indicate that the dominant dimensions of the SMM construct are Interaction, Customization, and Security whereas Trendiness fails to demonstrate a dominant role. Further results indicate that both the direct effect of SMM on RS and the indirect effect of SMM on RS with SAT playing a mediating role are positive and significant.

Author: Mark J. Lasky
Publisher: Routledge
ISBN: 1317502515
Category : Business & Economics
Languages : en
Pages : 157

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The behaviour of US productivity since this book was originally publishedin 1994, has added new relevance to the relationship between profits and productivity. In the long run, productivity growth determines the economic standard of living. This book is divided into three parts: the basis of the first is the empirical finding that, controlling for normal business cycle effects, productivity grows faster when profits have been low than otherwise. The second part discusses how to measure marginal cost using time series data and the third tests a basic assumption that productivity growth is exogenous to labour and capital.

Author: Su Sun
Publisher:
ISBN:
Category :
Languages : en
Pages : 208

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Author: Ibolya Schindele
Publisher: Rozenberg Publishers
ISBN: 9051709471
Category : Contracts
Languages : en
Pages : 181

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Author: Iván Blanco
Publisher: Ed. Universidad de Cantabria
ISBN: 8481028770
Category : Business & Economics
Languages : en
Pages : 90

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Do financial derivatives enhance or impede innovation? We aim to answer this question by examining the relationship between equity options markets and standard measures of firm innovation. Our baseline results show that firms with more options trading activity generate more patents and patent citations per dollar of R&D invested. We then investigate how more active options markets affect firms' innovation strategy. Our results suggest that firms with greater trading activity pursue a more creative, diverse and risky innovation strategy. We discuss potential underlying mechanisms and show that options appear to mitigate managerial career concerns that would induce managers to take actions that boost short-term performance measures. Finally, using several econometric specifications that try to account for the potential endogeneity of options trading, we argue that the positive effect of options trading on firm innovation is causal.

Author: Jon R. Shelton
Publisher:
ISBN:
Category : Corporations
Languages : en
Pages : 0

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The first essay develops a typology that identifies the multiple pathways, functions and operations where innovation can occur in a firm's internal business cycle based upon the extant literature that includes both technological and non-technological activities. This is an important step toward developing a comprehensive strategy for a regional economy and provides a common platform for the discussion of innovation among academics and practitioners. The typology adds to the existing knowledge of how innovation works in organizations by describing the pathways, business functions and operations in a firm's internal-business-process; the business strategies used to advance innovation to the market; and the market impact that innovation has in a regional economy. The typology is enhanced by the different threads of literature - innovation, technology, organization and marketing. The integrated approach allows academics and practitioners to understand how and where innovation occurs in firms and lays the foundation for robust metrics of the behavioral relationship between variables under study. The result is a set of assessment tools that permits diagnostics of the firm, industry, market and region. The second essay examines the relationship between innovation, emerging technologies, business firms' investment structure, and specialized types of private equity used to finance emerging technologies. A conceptual framework is developed for financial investment and a set of hypotheses tested for investment between Ohio and U.S. firms. Ohio firms take a different investing approach than U.S. firms when investing in a firm's stage of business development but are not significantly different when using specialized types of financing, investing in industry/technology niches, and investing in geographic markets. The third essay explores the role of innovation in business firms. The essay examines the reasons firms invest in innovation and then test the difference in the innovation behavior of firms. Descriptive analysis is performed in differences in the way firms engage in innovation, their preferred means of pursuing product innovation, and the reasons for engaging in product innovation. Hypotheses tests on the influence of innovation on firms' financial performance follows, as do the tests on differences in firms' contribution to the regional economy. The t-tests of the difference in means in six dimensions of economic impact performance confirm that innovative small to mid-sized firms have greater impacts on their regional economies than do their non-innovative peers.

Author: Hans Jörg Czap
Publisher:
ISBN: 9780542659522
Category : International trade
Languages : en
Pages :

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