Understanding the implications of equity crowdfunding on sustainability-oriented innovation and changes in agri-food systems: Insights into an open innovation approach

Troise, Ciro; Tani, Mario; Dinsmore, John B.; Schiuma, Giovanni

doi:10.1016/j.techfore.2021.120959

Cited by 66 publications

(62 citation statements)

References 144 publications

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“…Furthermore, our new configuration of SC might positively affect the sustainable development of the agri-food sector that is crucially important in all modern economies, especially in Italy (Fait et al. , 2019; Troise et al. , 2021).…”

Section: Discussionmentioning

confidence: 99%

“…The interaction of different networks can enlarge small businesses' relations and increase their opportunities and resources to access new markets and customers. Furthermore, our new configuration of SC might positively affect the sustainable development of the agri-food sector that is crucially important in all modern economies, especially in Italy (Fait et al, 2019;Troise et al, 2021).…”

Section: Discussionmentioning

confidence: 99%

“…Finally, since agri-food is an important resource for the planet, we support the idea that modern technologies such as CFD can contribute to local entrepreneurship development (Tang et al, 2020;Theodorakopoulos et al, 2014) and the transition to a smarter agri-food sector. The study enlarges empirical contributions about a sector that, until now, has been largely neglected in CFD studies despite its increasing importance in connection with sustainability issues (Testa et al, 2020;Troise et al, 2021).…”

Section: Introductionmentioning

confidence: 95%

“…The study enlarges empirical contributions about a sector that, until now, has been largely neglected in CFD studies despite its increasing importance in connection with sustainability issues (Testa et al. , 2020; Troise et al. , 2021).…”

Section: Introductionmentioning

confidence: 97%

See 3 more Smart Citations

Too tied to fail: a multidimensional approach to social capital in crowdfunding campaigns. Evidences from Italian agri-food businesses

Kocollari

Pedrazzoli

Cavicchioli

et al. 2021

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PurposeThe authors investigate the contributions of social capital (SC) dimensions (bridging, bonding and linking) in crowdfunding campaigns by comparing the dynamics of agri-food businesses with those of two other sectors – cultural and technological.Design/methodology/approachThe authors develop linear regressions on a proprietary data set of 5,290 projects launched on the Italian platform “Produzionidalbasso.com”, from 2014 to 2020.FindingsThe authors’ findings suggest that combining the three social capital dimensions (bridging, bonding and linking) has a more substantial overall effect on the number of backers involved in agri-food projects than in cultural and technological projects. Agri-food entrepreneurs effectively mobilize all resources embedded in the SC dimensions and therefore create the conditions to develop new ties that financially support the project.Practical implicationsAgri-food entrepreneurs may benefit from those results improving their funding strategies. Therefore, agri-food entrepreneurs can explore and exploit the instruments available on the CFD platform – video and rewards associated with the campaign – gaining more benefit from the backers involved compared with other project categories.Originality/valueThe study proposes a broader perspective regarding SC that encompasses the proponent, the company and the campaign with three different types of ties: bonding, bridging and linking. These SC dimensions can differently shape diverse sectors and this eclectic configuration can differentiate the effects of SC in crowdfunding campaigns. This study pinpoints how crowdfunding determinants change, based on project categories.

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Section: Discussionmentioning

confidence: 99%

Section: Discussionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 95%

Section: Introductionmentioning

confidence: 97%

See 2 more Smart Citations

Too tied to fail: a multidimensional approach to social capital in crowdfunding campaigns. Evidences from Italian agri-food businesses

Kocollari

Pedrazzoli

Cavicchioli

et al. 2021

JSBED

View full text Add to dashboard Cite

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“…The research stream on circular BMI has made advancements in this direction, especially targeting the collaborative innovation process, proposing tools [120], and discussing the applicability of open innovation for collaborative circular BMI [108]. There is also a growing literature on open innovation and sustainabilityoriented innovation, especially targeting technological innovations [121][122][123]. The research line targeting sustainability-oriented technologies has grown, but this needs to be linked to the SBMI level, calling for further research on the subject to better grasp the SBM innovation funnel and its management.…”

Section: Gap 3: the Sbmi Process: The Role Of Open Innovationmentioning

confidence: 99%

Towards Systematic Sustainable Business Model Innovation: What Can We Learn from Business Model Innovation

et al. 2022

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This research aims to understand how sustainable business model innovation (SBMI) can learn from business model innovation. For this, first, we conducted a bibliometric analysis to evaluate the relationships between business model innovation and SBMI literature. After this, we performed a systematic literature review to create a comprehensive framework for managing SBMI. The bibliometric analysis showed that the SBMI stream grew quickly and significantly in recent years, evolving into a separated new research stream, which does not leverage recent business model innovation advancements. Through the performed analyses, we were able to discuss critical gaps in the SBMI literature and shed light on possible pathways to solve these gaps through lessons learned from business model innovation. We depicted five critical gaps for managing SBMI; (1) the need to understand the sustainable business model as a wicked problem, in which SBMI leads to “better than before” solutions calling for systematic SBMI, (2) the poor definition of distinctive dimensions of dynamic capabilities for SBMI, (3) the lack of studies exploring the role of open innovation for improving the SBMI process, (4) the lack of tools supporting SBMI implementation and (5) the need to explore game-changing, competitive advantages of SBMI. The findings of this study contribute to guiding future research on SBMI, which can be a basis for further efforts towards sustainable development.

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How do both firm‐level resources and country‐level competitiveness shape the relationship between alliance portfolio diversity and radical innovation? A comparison between the food and other manufacturing industries

Ancín,

Zouaghi,

Sánchez

2024

Agribusiness

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This study examines how European food companies can operationally leverage the value created by strategic alliances into commercially viable products. More importantly, it emphasizes that the effects of alliance portfolio diversity (APD) on radical innovation performance can be achieved not only directly, but also via moderating roles, that is, the firm's social capital and the level of competitiveness of the country. Using three waves of the European Community Innovation Survey, our results show that the optimal level of APD varied depending on the industry in which the company operates (food manufacturing industry vs. the rest of manufacturing industries). Furthermore, social capital seems to be a crucial factor to mitigate the difficulties of leveraging very diverse knowledge from partners, especially in the food manufacturing industry. Moreover, the external environmental context where the firm is operating, measured as the growth competitive index that reflects the competitive level of the country, was shown to have an influence on the firms' innovative efforts.[EconLit Citations: M10, 013, 036].

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Understanding the implications of equity crowdfunding on sustainability-oriented innovation and changes in agri-food systems: Insights into an open innovation approach

Cited by 66 publications

References 144 publications

Too tied to fail: a multidimensional approach to social capital in crowdfunding campaigns. Evidences from Italian agri-food businesses

Too tied to fail: a multidimensional approach to social capital in crowdfunding campaigns. Evidences from Italian agri-food businesses

Towards Systematic Sustainable Business Model Innovation: What Can We Learn from Business Model Innovation

How do both firm‐level resources and country‐level competitiveness shape the relationship between alliance portfolio diversity and radical innovation? A comparison between the food and other manufacturing industries

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