The Effects of Knowledge Assets and Path Dependence in Innovations on Firm Value in the Korean Semiconductor Industry

Cho, Yoonkyo

doi:10.3390/su12062319

Cited by 8 publications

(6 citation statements)

References 51 publications

(47 reference statements)

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“…Third, the age of the company can also affect the performance of the company. Long-established companies are better able to respond to external and internal uncertainties and risks because they have more experience and know-how in the market than new companies [53]. We measured it by the current year minus the establishment year.…”

Section: Control Variablesmentioning

confidence: 99%

ESG and Firm Performance: Focusing on the Environmental Strategy

Cho¹

2022

Sustainability

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In this study, we investigate whether firms’ eco-friendly strategies affect their value. For the analysis, we study 210 firms in the Republic of Korea. These firms were listed on the Korea Composite Stock Price Index and the Korea Securities Dealers Automated Quotations during 2017–2021. We measure the dependent variable by return on assets, return on equity, and Tobin’s Q as firm value and use the ordinary least square estimation. The results show that firms’ eco-friendly strategies have a positive effect on firm value. Additionally, we examine the effect of eco-friendly strategies on performance by industry and by duration. In the nonservice industry, there is a positive effect of environmental strategy on firm value for a 5-year window, but not for a 3-year window. In the service industry, in contrast, eco-friendly strategies have no effect on firm value for the 5-year window but have positive effects for the 3-year window. In the robustness check, for the endogeneity issue, we perform a two-stage least squares analysis. This study demonstrates that environmental actions are reflected in firm value and that the performance varies by industry. Thus, these results provide critical insights for managers and policy makers who consider the environmental issues of firms.

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Section: Control Variablesmentioning

confidence: 99%

ESG and Firm Performance: Focusing on the Environmental Strategy

Cho¹

2022

Sustainability

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“…A firm is a learning organisation not only because it is able to create, acquire and transfer new knowledge and modify its process in light of such new knowledge but also because it is able to draw from its experience (Garvin, 1993 ; March, 1991 ; Nevis et al, 1995 ). Recent empirical studies show that firms’ use of existing knowledge asset has a positive effect on their performance, measured by returns on asset (Cho, 2020 ) and product innovation (Hecker & Ganter, 2014 ).…”

Section: Review Of Literaturementioning

confidence: 99%

IT Capability, Organisational Learning and Innovation Performance of Firms in Kenya

Otioma

2022

J Knowl Econ

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This paper explores the role that IT capability (IT-c) plays in firm innovation performance through the channel of organisational learning (OL) in Kenya. It frames OL in two dimensions: explorative and exploitative OL. The former entails seeking new knowledge, which mainly exists outside the firm’s competence. The latter is an activity or process that builds on existing competence and knowledge in the firm. Using mediation analysis of 481 firms drawn from the World Bank Enterprise Survey (2013) and Innovation Follow-up Survey 2014, it demonstrates that IT-c has a significant effect on innovation performance of firms (capability to simultaneously improve products, processes, organising and market development). It finds that the mediative role of OL in the relationship between IT-c and innovation performance is realised mainly through explorative learning, whilst enabling the firm exploit existing (in-house) knowledge base. The paper puts forward some managerial, policy and further research suggestions.

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“…Therefore, they feel valued by the company, leading to satisfaction and enthusiasm to improve their job performance (Kishen et al, 2020). A leader provides opportunities and trusts the employees' involvement in combining knowledge and improves their job performance, hence, leadership affects job performance (Abbas et (Cho, 2020), prompting performance to generate profits, increase stock prices and corporate value, and attract investors (Agustia et al, 2019).…”

Section: Literature Review and Hypothesesmentioning

confidence: 99%

“…They also should create innovations to adapt to the market developments using their insights, affecting corporate value. However, companies that create innovations to adapt to market developments using competitors' knowledge do not affect the corporate value (Cho, 2020).…”

Section: Introductionmentioning

confidence: 99%

Beyond Performance: Distribution of Corporate Value and Customer Loyalty

2023

QAS

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The purpose of this research is to examine the importance of building company corporate value and customer loyalty through improved performance. This research proved that there is a relationship between empathetic leadership and company performance based on innovation, operational, and job performance. The research focused on 224 managers through observations from Indonesian startups in 2021 engaged in e-commerce, transportation, travel and accommodation, education, health, finance, insurance, and agriculture. Using the PLS-SEM test, a performance model was presented based on innovation, operational, and job performance through various indicators and their impact on building corporate value and customer loyalty. The results showed that empathetic leadership determines innovation, operational, and job performance. Furthermore, innovation and operational performance increase corporate value and operational performance, while job performance enhances customer loyalty. This aspect is based on the importance of improved company performance, creating corporate value and customer loyalty. Managers need to focus on corporate value and the company's customer relationship, which has more benefits than performance. This research enriched the literature on performance and corporate value relationships and focused on performance using innovation, operation, and job.

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The Effects of Knowledge Assets and Path Dependence in Innovations on Firm Value in the Korean Semiconductor Industry

Cited by 8 publications

References 51 publications

ESG and Firm Performance: Focusing on the Environmental Strategy

ESG and Firm Performance: Focusing on the Environmental Strategy

IT Capability, Organisational Learning and Innovation Performance of Firms in Kenya

Beyond Performance: Distribution of Corporate Value and Customer Loyalty

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