This paper presents the results of the study on the venture capital (VC) market development drivers in small countries with underdeveloped VC markets. Based on the literature content analysis, the authors developed a comprehensive list of factors influencing VC market status. The relevance of...

In recent years, online shopping is one of the routine parts in people’s life. It is convenient and takes less effort to purchase it. Regarding the increasing revolution of e-commerce businesses, recommendation engine plays a crucial role in them. Recommendation engines are very popular and...

A conceptual model has been developed to present comprehensively the processes and linkages of invention and open innovation for those knowledge workers who want to transform idea of a new product or service into a reality. The progression of idea conceptualization, realization and marketing is...

We evaluated the execution of the operational programs (OPs) committed to encouraging the adoption of information and communication technologies (ICTs) in small and medium-sized enterprises (SMEs). To achieve this goal, we employed a novel three-stage weighted Russel directional distance (WRDD)...

This study investigates the impacts of Industry 4.0 (I4.0) on the South African manufacturing sector in light of the Fourth Industrial Revolution (4IR) and the Industry 4.0 concept. The South African manufacturing sector, consisting of approximately 11,400 VAT-registered organizations, is...

The purpose of this paper is twofold. First, it investigates the way by which Tunisian service firms make their decision to innovate: simultaneously (one-stage model) or sequentially (two-stage model). Afterwards, once the innovation-making-decision way is selected, the paper analyzes its main...

This theoretical work addresses the maturity models related to innovation processes that can be applied in critical industries such as the aerospace-defense sector in Colombia. It responds to the need to articulate the local industry, technical and innovation capabilities, regulatory aspects,...

The benefits of research and development (R&D) investment extend beyond the undertaking firms and may impact the wider economy through spillovers. This study examines the effect of Multinational Companies (MNCs)' R&D intra-industrial spillovers on total factor productivity (TFP) using firm-level...