Complementarity between product and process innovation in a monopoly setting

Green Process Innovation and Innovation Benefit: The Mediating Effect of Firm Image

“…As we stated in Section 2.1, the short-term benefit we use here is comparable to the term financial performance in other literature. Many previous studies, e.g., [6,[13][14][15][16][17][18][19][20][21], focus on the relation between green innovation, including both green product innovation and green process innovation, and financial performance and provide conflicting results. Weng et al [15] finds that green innovation can generate better financial performance while others think the positive relationship is not a realistic expectation [13,19,21].…”

“…However, the relationship between green innovation and economic performance is inconclusive [15][16][17][18][19][20][21]. Some literature supports the hypotheses that green innovation positively affects financial performance (e.g., [14,18]), while others do not (e.g., [6,20,21]). It seems inevitable that green innovation can create a better environmental performance and the innovators may pay more attention to how to appropriate the innovation returns.…”

“…The researchers divide green innovator's performance into two dimensions, environmental performance and financial performance [2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17][18][19][20][21]. A positive relationship between green innovation and environmental performance has been confirmed (e.g., [2,4,10,14]). However, the relationship between green innovation and economic performance is inconclusive [15][16][17][18][19][20][21].…”

Process and product innovation by a multiproduct monopolist: A dynamic approach

“…A turning point in the approach to the analysis of the optimal design of R&D activities along several dimensions at the same time can be perhaps identified in the attention recently devoted to the role of complementarities (Vives, 1990;Milgrom and Roberts, 1990;Amir, 1996). This toolkit has been used to investigate the presence of complementarities within R&D portfolios in monopoly (Athey and Schmutzler, 1995;Lambertini and Orsini, 2000;Lambertini, 2003Lambertini, , 2004Lin, 2004;Mantovani, 2005) or oligopoly (Bonanno and Haworth, 1998;Lin and Saggi, 2002;Rosenkranz, 2003). The bottom line of this stream of research is that R&D efforts in each direction boosts the firms' incentive to carry out analogous effort in the other direction.…”

Dynamic optimal control of process–product innovation with learning by doing

“…Our study is the intersection between two streams of research: The first of these streams originates in the studies of product and process innovation (e.g., Mantovani, 2006;Lambertini and Mantovani, 2009; A C C E P T E D M A N U S C R I P T 4 innovation is developed to explain the regularities. The model also explained regularities regarding the relationship within industries between firm size and firm innovative effort, innovative productivity, cost, and profitability.…”