IDEAS home Printed from https://ideas.repec.org/a/eee/jbrese/v68y2015i7p1436-1438.html
   My bibliography  Save this article

Innovation and competitiveness: Culture as a long-term strategic instrument during the European Great Recession

Author

Listed:
  • Petrakis, Panagiotis E.
  • Kostis, Pantelis C.
  • Valsamis, Dionysis G.

Abstract

The study promotes the role of culture as a long-term strategic instrument for innovation and competitiveness capacities, using data on European Union countries. The recent Great Recession (2008–2013) serves as a case study of macroconditions' broad differences. A priori, economies where effects from the Great Recession are greater should display deteriorated innovation capacity and competitiveness performance, more than in countries where effects are less severe. The empirical evidence derived by this study, however, does not support this hypothesis. Culture affects innovation and competitiveness capacities, and thus growth prospects, irrespective of prevailing macroconditions. Social learning and organizational structure exemplify culture's influence. A society that has or is developing a pro-innovation culture can perform better in the future, despite adverse macroconditions. In contrast, an anti-innovation culture hinders innovation and competitiveness, even if policymakers improve macroconditions.

Suggested Citation

  • Petrakis, Panagiotis E. & Kostis, Pantelis C. & Valsamis, Dionysis G., 2015. "Innovation and competitiveness: Culture as a long-term strategic instrument during the European Great Recession," Journal of Business Research, Elsevier, vol. 68(7), pages 1436-1438.
    • Handle: RePEc:eee:jbrese:v:68:y:2015:i:7:p:1436-1438
    DOI: 10.1016/j.jbusres.2015.01.029
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0148296315000430
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.jbusres.2015.01.029?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Hausman, Angela & Johnston, Wesley J., 2014. "The role of innovation in driving the economy: Lessons from the global financial crisis," Journal of Business Research, Elsevier, vol. 67(1), pages 2720-2726.
    2. Mercedes Delgado & Christian Ketels & Michael E. Porter & Scott Stern, 2012. "The Determinants of National Competitiveness," NBER Working Papers 18249, National Bureau of Economic Research, Inc.
    3. Huarng, Kun-Huang & Ribeiro-Soriano, Domingo Enrique, 2014. "Developmental management: Theories, methods, and applications in entrepreneurship, innovation, and sensemaking," Journal of Business Research, Elsevier, vol. 67(5), pages 657-662.
    4. Huang, Kuo-Feng, 2011. "Technology competencies in competitive environment," Journal of Business Research, Elsevier, vol. 64(2), pages 172-179, February.
    5. P. Petrakis & P. Kostis, 2015. "The Role of Knowledge and Trust in SMEs," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 6(1), pages 105-124, March.
    6. Kamien,Morton I. & Schwartz,Nancy L., 1982. "Market Structure and Innovation," Cambridge Books, Cambridge University Press, number 9780521293853, December.
    7. Panagiotis E. Petrakis, 2014. "Culture, Growth and Economic Policy," Springer Books, Springer, edition 127, number 978-3-642-41440-4, September.
    8. Leal-Rodríguez, Antonio L. & Ariza-Montes, José A. & Roldán, José L. & Leal-Millán, Antonio G., 2014. "Absorptive capacity, innovation and cultural barriers: A conditional mediation model," Journal of Business Research, Elsevier, vol. 67(5), pages 763-768.
    9. Petrakis, Panagiotis & Kostis, Pantelis, 2013. "Economic growth and cultural change," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 47(C), pages 147-157.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Aksoy, Hasan, 2017. "How do innovation culture, marketing innovation and product innovation affect the market performance of small and medium-sized enterprises (SMEs)?," Technology in Society, Elsevier, vol. 51(C), pages 133-141.
    2. Eric Hansen & Erlend Nybakk, 2018. "Response to the global financial crisis: a follow-up study," Journal of Innovation and Entrepreneurship, Springer, vol. 7(1), pages 1-12, December.
    3. Uyar, Ali & Bani-Mustafa, Ahmed & Nimer, Khalil & Schneider, Friedrich & Hasnaoui, Amir, 2021. "Does innovation capacity reduce tax evasion? Moderating effect of intellectual property rights," Technological Forecasting and Social Change, Elsevier, vol. 173(C).
    4. Ucar, Erdem, 2018. "Local creative culture and corporate innovation," Journal of Business Research, Elsevier, vol. 91(C), pages 60-70.
    5. Pantelis C. Kostis, 2021. "Culture, innovation, and economic development," Journal of Innovation and Entrepreneurship, Springer, vol. 10(1), pages 1-16, December.
    6. Ramón Campos-Blázquez, Juan & Rubio-Andrada, Luis & Soledad Celemín-Pedroche, María, 2023. "Voices from within. To what extent can internal crowdsourcing drive a change in organizational culture?," Journal of Business Research, Elsevier, vol. 157(C).
    7. Pino, Cesar & Felzensztein, Christian & Zwerg-Villegas, Anne Marie & Arias-Bolzmann, Leopoldo, 2016. "Non-technological innovations: Market performance of exporting firms in South America," Journal of Business Research, Elsevier, vol. 69(10), pages 4385-4393.
    8. Luo, Kun & Lim, Edwin KiaYang & Qu, Wen & Zhang, Xuan, 2021. "Board cultural diversity, government intervention and corporate innovation effectiveness: Evidence from China," Journal of Contemporary Accounting and Economics, Elsevier, vol. 17(2).
    9. Kostis, Pantelis C. & Kafka, Kyriaki I. & Petrakis, Panagiotis E., 2018. "Cultural change and innovation performance," Journal of Business Research, Elsevier, vol. 88(C), pages 306-313.
    10. Badeeb, Ramez Abubakr & Szulczyk, Kenneth R. & Zahra, Samia & Mukherjee, Tanusree Chakravarty, 2023. "Innovation dynamics in the natural resource curse hypothesis: A new perspective from BRICS countries," Resources Policy, Elsevier, vol. 81(C).
    11. Barreto, Tais S. & Lanivich, Stephen E. & Cox, Kevin C., 2022. "Temporal orientation as a robust predictor of innovation," Journal of Business Research, Elsevier, vol. 138(C), pages 287-300.
    12. Francesco Manta & Domenico Morrone & Pierluigi Toma & Francesco Campobasso, 2023. "Determining paths of innovation: The role of culture on the adoption on organic farming management," Business Strategy and the Environment, Wiley Blackwell, vol. 32(1), pages 96-109, January.
    13. Aikaterini Koumoutsea & Paraskevi Boufounou & George Mergos, 2023. "Evaluating the Creative Economy Applying the Contingent Valuation Method: A Case Study on the Greek Cultural Heritage Festival," Sustainability, MDPI, vol. 15(23), pages 1-19, November.
    14. Skylar Powell, K. & Takahashi, Hidenori & Lim, Eunah, 2022. "Experienced ‘misfits’: Multinationality alignment, international experience, and adjustments to multinationality," Journal of Business Research, Elsevier, vol. 151(C), pages 56-69.
    15. Lejla TERZIĆ, 2021. "Revealing the effects of competitiveness and innovation on economic growth: Evidence from European leading and following countries," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(4(629), W), pages 19-30, Winter.
    16. Mario Rosique-Blasco & Antonia Madrid-Guijarro & Domingo García-Pérez-de-Lema, 2018. "The effects of personal abilities and self-efficacy on entrepreneurial intentions," International Entrepreneurship and Management Journal, Springer, vol. 14(4), pages 1025-1052, December.
    17. Pradhan, Rudra P. & Arvin, Mak B. & Bahmani, Sahar & Bennett, Sara E., 2017. "The innovation- growth link in OECD countries: Could other macroeconomic variables matter?," Technology in Society, Elsevier, vol. 51(C), pages 113-123.
    18. Rana P. Maradana & Rudra P. Pradhan & Saurav Dash & Kunal Gaurav & Manju Jayakumar & Debaleena Chatterjee, 2017. "Does innovation promote economic growth? Evidence from European countries," Journal of Innovation and Entrepreneurship, Springer, vol. 6(1), pages 1-23, December.
    19. Haifei Wang & Hongjun Wu & Peter Humphreys, 2022. "Chinese Merchant Group Culture, Corporate Social Responsibility, and Cost of Debt: Evidence from Private Listed Firms in China," Sustainability, MDPI, vol. 14(5), pages 1-18, February.
    20. Petrakis, Panagiotis E. & Kostis, Pantelis C. & Kafka, Kyriaki I., 2016. "Secular stagnation, faltering innovation, and high uncertainty: New-era entrepreneurship appraisal using knowledge-based thinking," Journal of Business Research, Elsevier, vol. 69(5), pages 1909-1913.
    21. Duygu Buyukyazici & Francesco Serti, 2022. "Religiosity and Innovation Attitudes: An Instrumental Variables Analysis," Papers 2206.00509, arXiv.org, revised Jun 2022.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kostis, Pantelis C. & Kafka, Kyriaki I. & Petrakis, Panagiotis E., 2018. "Cultural change and innovation performance," Journal of Business Research, Elsevier, vol. 88(C), pages 306-313.
    2. Pantelis C. Kostis, 2021. "Culture, innovation, and economic development," Journal of Innovation and Entrepreneurship, Springer, vol. 10(1), pages 1-16, December.
    3. Anna-Maria Kanzola & Panagiotis E. Petrakis, 2021. "Τhe Sustainability of Creativity," Sustainability, MDPI, vol. 13(5), pages 1-15, March.
    4. Serban Olah, 2021. "Social values, economic freedom and economic growth. a comparative analysis," Journal of Community Positive Practices, Catalactica NGO, issue 4, pages 116-124.
    5. Pradhan, Rudra P. & Arvin, Mak B. & Bahmani, Sahar & Bennett, Sara E., 2017. "The innovation- growth link in OECD countries: Could other macroeconomic variables matter?," Technology in Society, Elsevier, vol. 51(C), pages 113-123.
    6. Bakas, Dimitrios & Kostis, Pantelis & Petrakis, Panagiotis, 2020. "Culture and labour productivity: An empirical investigation," Economic Modelling, Elsevier, vol. 85(C), pages 233-243.
    7. Kafka, Kyriaki I. & Kostis, Pantelis C., 2021. "Post-materialism and economic growth: Cultural backlash, 1981–2019," Journal of Comparative Economics, Elsevier, vol. 49(4), pages 901-917.
    8. Herrmann, Roland & Schröck, Rebecca, 2011. "Determinanten des Innovationserfolgs: eine Analyse mit Scannerdaten für den deutschen Joghurtmarkt," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 60(03), pages 1-16, August.
    9. Gloria Leonor Ortiz Morales & Juan Carlos Ramos Aguilar & Katherin Yineth Lozada Morales, 2022. "Culture as an obstacle for entrepreneurship," Journal of Innovation and Entrepreneurship, Springer, vol. 11(1), pages 1-14, December.
    10. Gilberto Tadeu Lima, 2000. "Market concentration and technological innovation in a dynamic model of growth and distribution," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 53(215), pages 447-475.
    11. Helen Weeds, 2002. "Strategic Delay in a Real Options Model of R&D Competition," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 69(3), pages 729-747.
    12. Symeonidis, George, 2001. "Price Competition, Innovation and Profitability: Theory and UK Evidence," CEPR Discussion Papers 2816, C.E.P.R. Discussion Papers.
    13. Todd D. Gerarden & Richard G. Newell & Robert N. Stavins, 2017. "Assessing the Energy-Efficiency Gap," Journal of Economic Literature, American Economic Association, vol. 55(4), pages 1486-1525, December.
    14. Park, Walter G., 1997. "A note on innovation and patent protection: Intertemporal imitation-risk smoothing," Economics Letters, Elsevier, vol. 54(2), pages 185-189, February.
    15. Tamer Khraisha & Keren Arthur, 2018. "Can we have a general theory of financial innovation processes? A conceptual review," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 4(1), pages 1-27, December.
    16. Bertrand, Olivier & Zuniga, Pluvia, 2006. "R&D and M&A: Are cross-border M&A different? An investigation on OECD countries," International Journal of Industrial Organization, Elsevier, vol. 24(2), pages 401-423, March.
    17. Matthias Firgo & Peter Mayerhofer, 2015. "Wissens-Spillovers und regionale Entwicklung - welche strukturpolitische Ausrichtung optimiert des Wachstum?," Working Paper Reihe der AK Wien - Materialien zu Wirtschaft und Gesellschaft 144, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik.
    18. Xiding Chen & Qinghua Huang & Weilun Huang & Xue Li, 2018. "The Impact of Sustainable Development Technology on a Small Economy—The Case of Energy-Saving Technology," IJERPH, MDPI, vol. 15(2), pages 1-11, February.
    19. Colombo, Massimo G. & Garrone, Paola, 1998. "Common carriers' entry into multimedia services," Information Economics and Policy, Elsevier, vol. 10(1), pages 77-105, March.
    20. repec:ebl:ecbull:v:12:y:2008:i:5:p:1-7 is not listed on IDEAS
    21. Marin, Dalia, 1992. "Is the Export-Led.Growth Hypothesis Valid for Industrialized Countries?," The Review of Economics and Statistics, MIT Press, vol. 74(4), pages 678-688, November.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jbrese:v:68:y:2015:i:7:p:1436-1438. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/jbusres .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.