Convergence towards a digitalized bioeconomy—Exploring cross‐industry merger and acquisition activities between the bioeconomy and the digital economy

Rennings, Michael; Burgsmüller, Anna Pina Farina; Bröring, Stefanie

doi:10.1002/bsd2.223

Cited by 12 publications

(8 citation statements)

References 65 publications

(127 reference statements)

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“…On the other hand, The Group of Twenty (G20) had a role in urging business organizations to abide by their moral responsibility during the pandemic (Wickert, 2021). The G20 plays an important role in global economic development, as it develops important strategies to improve business performance by developing markets, accelerating industry innovation, and achieving sustainable development (Rennings et al, 2022). With the intensification of the COVID-19 pandemic, the G20 is tasked with responding to economic shocks in the global financial system (Johnstone, 2021), which led to increasing pressure on the G20 to boost the global economy.…”

Section: Introductionmentioning

confidence: 99%

COVID‐19 impact, financial and ESG performance: Evidence from G20 countries

Amosh

Khatib

2023

Bus Strat Dev

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During the pandemic, all countries of the world were affected by a health pandemic was the largest in the twenty‐first century, which affected the performance of companies and put them in a difficult situation with the escalation of uncertainty. Our study evaluates the impact of the COVID‐19 pandemic on firms' financial performance and the moderating role of environmental, social, and governance (ESG) performance in this relationship. Based on a large international panel dataset that includes nine countries from G20 extracted from the Thomson Reuters EIKON database for the period from 2016 to 2021, a set of statistical analyses was applied, including descriptive statistics, correlation matrix, fixed effect regression, and robust regression using GMM model. The findings indicate that the pandemic negatively affected financial performance significantly, while the performance of ESG limits this effect. Thus, companies engaged in ESG activities are the least affected during the pandemic. Fulfilling stakeholders' demands enhances companies' performance during crises and corporate directors' resort to maintaining the performance of ESG as one of the effective strategies during the crisis to reduce the impact of COVID‐19 on financial performance. This study shows that compliance with ESG issues can mitigate negative financial impacts during crises and that while implementing ESG practices is costly, it satisfies stakeholders and generates financial gains for companies. Theoretically, we directed the theoretical lens to research through crisis and stakeholder theories to explain events.

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Section: Introductionmentioning

confidence: 99%

COVID‐19 impact, financial and ESG performance: Evidence from G20 countries

Amosh

Khatib

2023

Bus Strat Dev

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“…To this end, firms' technology portfolios beyond patents in printed electronics might add further insights. Future research could triangulate patent data by capturing in‐licensing (Motohashi, 2008), mergers and acquisition data (Rennings et al, 2022), or technology collaborations, as well as additional publications on firms' technology strategies, such as annual reports.…”

Section: Discussionmentioning

confidence: 99%

Technology strategies in converging technology systems: Evidence from printed electronics

Wambsganss

Bröring

Salomo

et al. 2023

J of Product Innov Manag

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Novel technology systems, such as “fiber optics” and “printed electronics,” increasingly emerge at the interface of hitherto unrelated technology areas. As such, new technology systems often arise through technology convergence, characterized by integrating technology components and knowledge from different technology systems, resulting in a novel system architecture. This phenomenon is of utmost societal relevancy but simultaneously poses tremendous challenges for firms' technology strategies. Firms must not only cope with unrelated knowledge rooted in hitherto different technologies but also have to decide deliberately how systemic (i.e., complete technology system) versus focused (i.e., single component of the technology system) their engagement in technology development in the converging technology system ought to be. In addition, firms need to decide strategically to what extent to develop specialized or design knowledge. Extant concepts of technology strategy fall short of capturing this complexity inherent in converging technology systems. Therefore, to address how technology strategies co‐evolve along with the emergence of new technology systems, this study adds a systems perspective to technology strategy by developing the concept of technology system coverage. This novel dimension of technology strategy is formed by the scope (i.e., focused vs. systemic coverage of the technology system) and type of technological knowledge (i.e., specialized or design knowledge). We empirically apply this novel angle of technology strategy to the convergence field of printed electronics. Based on a longitudinal set of 828 patents over 30 years, 74 relevant corporate actors are identified. The underlying taxonomy enables us to reveal four technology strategies and develop five propositions. The results indicate that all firms build design knowledge over time, whereas not all firms build specialized knowledge, no matter what technology strategy is pursued. In sum, this work advances literature by understanding technology strategy in emerging complex technology systems, introducing a systems perspective.

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“…According to the second vision of I5.0, bioeconomy strategy aims to build a sustainable bioeconomy that will strengthen the relationship between the economy, society, and the environment. (Rennings et al, 2022; Sharma et al, 2020). The European Commission defines bioeconomy as the production of renewable biological resources and their conversion into bioenergy (Birner, 2018).…”

Section: Literature Reviewmentioning

confidence: 99%

Industry 5.0 and the future of sustainable manufacturing: A systematic literature review

et al. 2023

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Industry 5.0 (I5.0) is all set to come into the limelight when Industry 4.0 (I4.0) has not yet fully matured and still gaining ground in growing economies. The general notion of I5.0 is discussed in the existing literature on the subject domain, but there are no adequate studies in the literature that examine its implications. Therefore, systematic literature review method is adopted to: explore the understanding of I5.0; identify the opportunities for I5.0; highlight the challenges in I5.0 implementation; investigate the effects of I5.0 on economic, environmental, and social pillars of sustainability; and propose a framework for effective implementation of I5.0 concept in manufacturing enterprises. This article aims to stand on an unbiased assessment to ascertain the landscape occupied by I5.0 and the results of the comprehensive review offer insightful conclusions. I5.0 represents a paradigm shift that emphasizes the integration of advanced technologies with human‐centric approaches. This paper critically analyzes the key pillars and highlights the potential to enhance sustainability in manufacturing. Furthermore, the implications of I5.0 for sustainable manufacturing practices are explored. The paper also investigates its potential to address environmental concerns and promote eco‐friendly manufacturing practices. The findings provide valuable insights for policymakers, industry leaders, and technology providers in implementing sustainable manufacturing practices on their I5.0 journey. In addition, the proposed I5.0 framework will serve as a basis for further investigations on how to apply the concept of I5.0 in other sectors.

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Convergence towards a digitalized bioeconomy—Exploring cross‐industry merger and acquisition activities between the bioeconomy and the digital economy

Cited by 12 publications

References 65 publications

COVID‐19 impact, financial and ESG performance: Evidence from G20 countries

COVID‐19 impact, financial and ESG performance: Evidence from G20 countries

Technology strategies in converging technology systems: Evidence from printed electronics

Industry 5.0 and the future of sustainable manufacturing: A systematic literature review

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