IDEAS home Printed from https://ideas.repec.org/a/ers/ijfirm/v11y2021i3p69-85.html
   My bibliography  Save this article

Exploring the Intellectual Capital of a High Tech Industry: A Case Study of the Scientific Outputs of Defence Firms

Author

Listed:
  • Konstantinos Sioumalas-Christodoulou

Abstract

Purpose: This paper explores the intellectual capital of the Greek defence industry by performing bibliometric analysis on the (co)authored scientific publications of defence firms. In the context of knowledge economy, scientific outputs are important indicators of the respective intellectual capital, a source of probable future economic benefits that can be retained and managed by firms. Design/methodology/approach: In order to identify the Greek defence firms three data sources were employed: the Registry of Manufacturers of Defence Material, the Greek Defence Material Association (SEKPY) and the Hellenic Association of Space Industry (H-ASI). The total number of firms amounts to 169. Out of this population, 42 firms were identified within bibliometric databases such as Scopus and Web of Science (WoS). Such firms, during the period of 1987 to 2021, have (co)authored 767 scientific publications with 848 different institutional affiliations and fall under 24 different subject areas. Findings: Findings indicate that the number of scientific publications shows fluctuant upward trends over time. In terms of industrial classification, the NACE codes of these over performing firms overlap the respective bibliometric Subject Area Classifications, indicating a coordination between scientific and industrial priorities. At cross-country level, results suggest that affiliated institutional sectors such as the Business Sector and Higher Education Sector contributed equally in terms of scientific output, indicating a strong industry-academia collaboration. Network analysis points out to specific collaboration patterns with the National Technical University of Athens (NTUA), National and Kapodistrian University of Athens (NKUA) and the National Centre of Scientific Research "Demokritos" (NCSR Demokritos) constituting the top collaborators of the Greek defence firms. Originality/value: This study by identifying, imprinting and analyzing metadata emanating from scientific outputs intertwined with a high tech industrial sector enables the debate on knowledge-incentive activities for economic and industrial growth. In view of this, scientific performance, subject areas and network of collaboration are viewed as integral features for monitoring firms’ structural and relational capital.

Suggested Citation

  • Konstantinos Sioumalas-Christodoulou, 2021. "Exploring the Intellectual Capital of a High Tech Industry: A Case Study of the Scientific Outputs of Defence Firms," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 11(3), pages 69-85.
    • Handle: RePEc:ers:ijfirm:v:11:y:2021:i:3:p:69-85
    as

    Download full text from publisher

    File URL: https://journalfirm.com/journal/263/download
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Mc Namara, Peter & Baden-Fuller, Charles, 2007. "Shareholder returns and the exploration-exploitation dilemma: R&D announcements by biotechnology firms," Research Policy, Elsevier, vol. 36(4), pages 548-565, May.
    2. Chaoqing Yuan & Sifeng Liu & Yingjie Yang & Yu Shen, 2016. "On the contribution of defense innovation to China’s economic growth," Defence and Peace Economics, Taylor & Francis Journals, vol. 27(6), pages 820-837, November.
    3. Wade, Robert H., 2017. "The American paradox: ideology of free markets and the hidden practice of directional thrust," LSE Research Online Documents on Economics 69765, London School of Economics and Political Science, LSE Library.
    4. Robert H. Wade, 2017. "The American paradox: ideology of free markets and the hidden practice of directional thrust," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 41(3), pages 859-880.
    5. Enrico Moretti & Claudia Steinwender & John Van Reenen, 2019. "The intellectual spoils of war? Defense R&D, productivity and international spillovers," CEP Discussion Papers dp1662, Centre for Economic Performance, LSE.
    6. Manuel Trajtenberg, 2006. "Defense R&D In The Anti-Terrorist Era," Defence and Peace Economics, Taylor & Francis Journals, vol. 17(3), pages 177-199.
    7. Dan Andrews & Alain de Serres, 2012. "Intangible Assets, Resource Allocation and Growth: A Framework for Analysis," OECD Economics Department Working Papers 989, OECD Publishing.
    8. Bo Carlsson & Zoltán J. Ács & David B. Audretsch & Pontus Braunerhjelm, 2015. "Knowledge creation, entrepreneurship, and economic growth: a historical review," Chapters, in: Global Entrepreneurship, Institutions and Incentives, chapter 5, pages 71-107, Edward Elgar Publishing.
    9. E. Sachini & K. Sioumalas-Christodoulou & C. Chrysomallidis & G. Siganos & N. Bouras & N. Karampekios, 2021. "COVID-19 enabled co-authoring networks: a country-case analysis," Scientometrics, Springer;Akadémiai Kiadó, vol. 126(6), pages 5225-5244, June.
    10. Anne-Wil Harzing & Satu Alakangas, 2016. "Google Scholar, Scopus and the Web of Science: a longitudinal and cross-disciplinary comparison," Scientometrics, Springer;Akadémiai Kiadó, vol. 106(2), pages 787-804, February.
    11. Mowery, David C., 2010. "Military R&D and Innovation," Handbook of the Economics of Innovation, in: Bronwyn H. Hall & Nathan Rosenberg (ed.), Handbook of the Economics of Innovation, edition 1, volume 2, chapter 0, pages 1219-1256, Elsevier.
    12. Nikolaos Karampekios, 2018. "The Security Dimension in the Non-security FP7 Cooperation Thematic Areas," Innovation, Technology, and Knowledge Management, in: Nikolaos Karampekios & Iraklis Oikonomou & Elias G. Carayannis (ed.), The Emergence of EU Defense Research Policy, chapter 0, pages 357-376, Springer.
    13. Anna Thum-Thysen & Peter Voigt & Christoph Maier & Benat Bilbao-Osorio & Diana Ognyanova, 2017. "Unlocking investment in intangible assets in Europe," Quarterly Report on the Euro Area (QREA), Directorate General Economic and Financial Affairs (DG ECFIN), European Commission, vol. 16(1), pages 23-35, March.
    14. Lee, Yong S., 1996. "'Technology transfer' and the research university: a search for the boundaries of university-industry collaboration," Research Policy, Elsevier, vol. 25(6), pages 843-863, September.
    Full references (including those not matched with items on IDEAS)

    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. Robert Wade, 2018. "Escaping the periphery: The East Asian ‘mystery’ solved," WIDER Working Paper Series 101, World Institute for Development Economic Research (UNU-WIDER).
    2. repec:spo:wpmain:info:hdl:2441/401t6job098n79ch91o9giov9d is not listed on IDEAS
    3. Robert Wade, 2018. "Escaping the periphery: The East Asian 'mystery' solved," WIDER Working Paper Series wp-2018-101, World Institute for Development Economic Research (UNU-WIDER).
    4. Czarnitzki, Dirk & Hünermund, Paul & Moshgbar, Nima, 2020. "Public Procurement of Innovation: Evidence from a German Legislative Reform," International Journal of Industrial Organization, Elsevier, vol. 71(C).
    5. Dosi, Giovanni & Lamperti, Francesco & Mazzucato, Mariana & Napoletano, Mauro & Roventini, Andrea, 2023. "Mission-oriented policies and the “Entrepreneurial State” at work: An agent-based exploration," Journal of Economic Dynamics and Control, Elsevier, vol. 151(C).
    6. Marques, Mário & Pinho, Carlos & Montenegro, Tânia Menezes, 2019. "The effect of international income shifting on the link between real investment and corporate taxation," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 36(C), pages 1-1.
    7. Ciaffi, Giovanna & Deleidi, Matteo & Di Bucchianico, Stefano, 2024. "Stagnation despite ongoing innovation: Is R&D expenditure composition a missing link? An empirical analysis for the US (1948–2019)," Technological Forecasting and Social Change, Elsevier, vol. 206(C).
    8. Klingler-Vidra, Robyn & Wade, Robert, 2020. "Science and technology policies and the middle-income trap: lessons from Vietnam," LSE Research Online Documents on Economics 100712, London School of Economics and Political Science, LSE Library.
    9. Segol, Matthieu & Kolev, Atanas & Maurin, Laurent, 2021. "The impact of bank loan terms on intangible investment in Europe," EIB Working Papers 2021/05, European Investment Bank (EIB).
    10. Francesco Crespi & Dario Guarascio, 2019. "The demand-pull effect of public procurement on innovation and industrial renewal," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 28(4), pages 793-815.
    11. Bjorn T. ASHEIM & Sverre J. HERSTAD, 2021. "Regional innovation strategy for resilience and transformative industrial path development: evolutionary theoretical perspectives on innovation policy," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, vol. 12, pages 43-75, August.
    12. Pallante, Gianluca & Russo, Emanuele & Roventini, Andrea, 2023. "Does public R&D funding crowd-in private R&D investment? Evidence from military R&D expenditures for US states," Research Policy, Elsevier, vol. 52(8).
    13. Kalim SIDDIQUI, 2019. "The US Economy, Global Imbalances and Recent Development: A Critical Review," Istanbul Journal of Economics-Istanbul Iktisat Dergisi, Istanbul University, Faculty of Economics, vol. 69(2), pages 175-205, December.
    14. repec:hal:spmain:info:hdl:2441/401t6job098n79ch91o9giov9d is not listed on IDEAS
    15. Grillitsch, Markus & Asheim, Bjørn, 2022. "Bouncing back, forward, and beyond: Towards regenerative regional development in responsible value chains," Papers in Innovation Studies 2022/11, Lund University, CIRCLE - Centre for Innovation Research.
    16. Markus Grillitsch & Bjørn T. Asheim, 2023. "Towards regenerative regional development in responsible value chains: An agentic response to recent crises," Papers in Evolutionary Economic Geography (PEEG) 2310, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Apr 2023.
    17. Deleidi, Matteo & Mazzucato, Mariana, 2021. "Directed innovation policies and the supermultiplier: An empirical assessment of mission-oriented policies in the US economy," Research Policy, Elsevier, vol. 50(2).
    18. Natalya Naqvi & Anne Henow & Ha-Joon Chang, 2018. "Kicking away the financial ladder? German development banking under economic globalisation," Review of International Political Economy, Taylor & Francis Journals, vol. 25(5), pages 672-698, September.
    19. Matteo Deleidi & Mariana Mazzucato, 2019. "Mission-Oriented Innovation Policies: A Theoretical And Empirical Assessment For The Us Economy," Departmental Working Papers of Economics - University 'Roma Tre' 0248, Department of Economics - University Roma Tre.
    20. Wade, Robert H., 2018. "The developmental state: dead or alive?," LSE Research Online Documents on Economics 87356, London School of Economics and Political Science, LSE Library.
    21. Gaviria-Marin, Magaly & Merigó, José M. & Baier-Fuentes, Hugo, 2019. "Knowledge management: A global examination based on bibliometric analysis," Technological Forecasting and Social Change, Elsevier, vol. 140(C), pages 194-220.
    22. Battaglia, Daniele & Landoni, Paolo & Rizzitelli, Francesco, 2017. "Organizational structures for external growth of University Technology Transfer Offices: An explorative analysis," Technological Forecasting and Social Change, Elsevier, vol. 123(C), pages 45-56.

    More about this item

    Keywords

    Intellectual capital; scientometrics; industrial policy; defence; Greece.;
    All these keywords.

    JEL classification:

    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital

    Statistics

    Access and download statistics

    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:ers:ijfirm:v:11:y:2021:i:3:p:69-85. 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: Marios Agiomavritis (email available below). General contact details of provider: https://journalfirm.com/ .

    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.