Innovation Management in Times of Economic Crisis

Milić, Tanja

doi:10.7595/management.fon.2013.0001

Cited by 10 publications

(7 citation statements)

References 2 publications

(1 reference statement)

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“…In the context of the current public health emergency and the influence of technology in the productive sector, innovation has become a high demanded value to prevent or avoid a state of bankruptcy. In this respect, our results are well aligned with previous studies by Milić (2013) and Ausloos et al (2018) that investigated bankruptcy companies and adaptability to different markets.…”

Section: Discussionsupporting

confidence: 91%

The impact of corporate bankruptcy on strategic management: using a textual analysis approach to analyze executives’ opinions

Nagel

Avilés

2021

JIBR

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Purpose In the past decade, the development of the global economy, the change in organizational structures and the maturing of new technologies have led to considerable changes in business structures. Emergency situations, such as the recent COVID-19 pandemic, have led many companies to declare bankruptcy. In this context, the present study aims to analyze strategic opinions of company executives in a declaration of bankruptcy. Design/methodology/approach To this end, an innovative approach is applied to strategic management and business. First, the authors conducted 14 interviews with executives, and the interview data were transcribed. Second, using textual analysis and data mining techniques, the transcripts were analyzed to understand the importance of indicators identified as relevant in companies in a declaration of bankruptcy. Findings This resulted in identification of 10 relevant indicators perceived by executives to avoid or anticipate a state of bankruptcy, including innovation, business adaptability, room for improvement in production processes, time to react to situations of alarm, layoffs, support from public institutions, suppliers, international and national regulations, impact on the industry, credits and debts. Originality/value The paper concludes with a discussion of important theoretical and practical implications of these findings for the industry. Also, strategic management decision-making strategies are presented as a result of the innovative textual analysis approach used.

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Section: Discussionsupporting

confidence: 91%

The impact of corporate bankruptcy on strategic management: using a textual analysis approach to analyze executives’ opinions

Nagel

Avilés

2021

JIBR

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“…That is precisely the case for investments in Research and Development (R&D) and innovation projects. A large number of studies have shown that the financial crisis affected firms’ investment efficiencies [58], and forced many firms to reduce innovation investments [59,60,61,62]. Although the impact of an economic crisis on environmental innovation investment has been less studied, some papers have suggested that, in times of crisis, companies’ strategic behaviors become more conservative and defensive, which translates into a decrease in investments in sustainability [63,64,65].…”

Section: The Moderating Effect Of External Situational Factors: a mentioning

confidence: 99%

Factors and Contingencies for the “It Pays to Be Green Hypothesis”. The European Union’s Emissions Trading System (EU ETS) and Financial Crisis as Contexts

Cañón-de-Francia

Garcés-Ayerbe

2019

IJERPH

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This study provides empirical evidence related to the “it pays to be green” hypothesis. Based on information from panel data approximately 42 industrial companies during an 8-year period, we determine some of the factors and contingences that affect the fulfilment of that hypothesis. We find that a certain level of proactivity in environmental strategy design is one of the conditions that favors a positive relationship between environmental investment and financial performance. We also provide empirical evidence on how some external conditions affect this positive relationship, such as regulatory pressure from the European Union Emissions Trading System (EU ETS) and the financial crisis.

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“…As a consequence of the recent financial crisis, many companies have been forced to reduce their investment in innovation. Milić (2013) suggests that investments in innovations and future growth are at risk during an economic crisis, when most organizations cut their R&D budgets. Paunov (2012) shows that in Latin American countries the current crisis has led many firms to put a halt to ongoing innovation projects.…”

Section: H1c the Effect Of International Randd Can Be Expected To Be mentioning

confidence: 99%

Has the global financial crisis had different effects on innovation performance in the agri-food sector by comparison to the rest of the economy?

Zouaghi

Sánchez

2016

Trends in Food Science & Technology

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Innovation Management in Times of Economic Crisis

Cited by 10 publications

References 2 publications

The impact of corporate bankruptcy on strategic management: using a textual analysis approach to analyze executives’ opinions

The impact of corporate bankruptcy on strategic management: using a textual analysis approach to analyze executives’ opinions

Factors and Contingencies for the “It Pays to Be Green Hypothesis”. The European Union’s Emissions Trading System (EU ETS) and Financial Crisis as Contexts

Has the global financial crisis had different effects on innovation performance in the agri-food sector by comparison to the rest of the economy?

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