TY - JOUR
T1 - Technological leadership and firm performance in Russian industries during crisis
AU - Anokhin, Sergey Alexander
AU - Spitsin, Vladislav
AU - Akerman, Elena
AU - Morgan, Todd
N1 - Funding Information:
The researchers acknowledge financial support from the Russian Foundation for Basic Research (RFBR) under the project No. 19-010-00946 (a) “Local innovations and global technological leadership: Rethinking the approaches to effective interindustry technology transfer.” The study of the joint impact of conservative and aggressive strategies was carried out with the support of the Tomsk Polytechnic University CE Program.
Publisher Copyright:
© 2021 Elsevier Inc.
Copyright:
Copyright 2021 Elsevier B.V., All rights reserved.
PY - 2021/6
Y1 - 2021/6
N2 - In a sample of 2980 firm-year observations collected from three industries over the five-year period during the Russian economic crisis of 2013–2017, we demonstrate the relative effectiveness of conservative and aggressive strategies for technological leadership in affecting firm performance. Both the conservative strategy aimed at minimizing firm inputs per the set volume of outputs and the aggressive strategy aimed at maximizing the outputs per the set volume of inputs affect performance positively. Of the two alternatives, the aggressive strategy clearly outperforms the conservative one during times of crisis. Additionally, without a clear commitment to either of the strategies, firms stand to lose. We offer a novel way of assessing a firm's strategy based on the secondary data utilized in this manuscript that can be implemented by the future research.
AB - In a sample of 2980 firm-year observations collected from three industries over the five-year period during the Russian economic crisis of 2013–2017, we demonstrate the relative effectiveness of conservative and aggressive strategies for technological leadership in affecting firm performance. Both the conservative strategy aimed at minimizing firm inputs per the set volume of outputs and the aggressive strategy aimed at maximizing the outputs per the set volume of inputs affect performance positively. Of the two alternatives, the aggressive strategy clearly outperforms the conservative one during times of crisis. Additionally, without a clear commitment to either of the strategies, firms stand to lose. We offer a novel way of assessing a firm's strategy based on the secondary data utilized in this manuscript that can be implemented by the future research.
KW - Aggressive strategy
KW - Conservative strategy
KW - Data envelopment analysis
KW - Performance
KW - Technological leadership
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U2 - 10.1016/j.jbvi.2021.e00223
DO - 10.1016/j.jbvi.2021.e00223
M3 - Article
AN - SCOPUS:85099407424
VL - 15
JO - Journal of Business Venturing Insights
JF - Journal of Business Venturing Insights
SN - 2352-6734
M1 - e00223
ER -