Contents |
Authors:
Alona Zakutniaia, Assistant of the Accounting and Taxation Department, Education and Research Institute for Business Technologies “UAB”, Sumy State University, Ukraine
Arsen Hayriyan, Ph.D. Student, Yerevan State University, Faculty of Economics and Management, Chair of Management and Business, Armenia
Pages: 46-54
DOI: 10.21272/bel.2017.1-06
Download: |
Views: |
Downloads: |
|
|
|
Abstract
Innovation is considered as one of features the companiesʼ success, it is regarded as the basic element to reach customer satisfaction and realize their desires. To compete and win in today’s global economy, innovation driven companies should go outside their own production cycle and become much more open. As a result, transparency became the main competitive advantage. This study aimed to identify the impact of transparency on the competitive advantage of innovation driven companies. Firstly, the article deals with the theoretical and methodological interpretation of the economic essence of the categories of “competition” and “competitiveness”. The basic aspects of the categories under investigation are illustrated. Secondly, approaches to the definition of transparency and its main characteristics are analyzed in the study. Thirdly, the study investigates the features of communication policy and procedure of information disclosure by innovation driven companies.
Keywords: transparency, disclosure, competition, competitiveness, innovation, innovation driven companies.
JEL Classification: G00, F20.
Cite as: Zakutniaia, A., Hayriyan, A. (2017). Transparency as competitive advantage of innovation driven companies. Business Ethics and Leadership, 1(1), 46-54. Doi: 10.21272/bel.2017.1-06
References
- Alder, S. (2010). Competition and innovation: does the distance to the technology frontier matter?University of Zürich, Institute for Empirical Research in Economics, Working Paper No. 493.
- Angrist, M., and R. Cook-Deegan (2006). Who owns the genome? The New Atlantis. A Journal of Technology and Society, pp. 87–96.
- Boone, J. (2008a). A new way to measure competition, Economic Journal, 118(5321); 1245-1261.
- Bushman, R., Smith, A. (2001). Financial Accounting Information and Corporate Governance. Journal of Accounting and Economics, 1-3, 237-333.
- Caraça, J.M.G., Lundvall, B.A., Mendonça, S. (2009). The changing role of science in the innovation process: from Queen to Cinderella? Technological Forecasting and Social Change, 76(6), Retrieved from: http://dx.doi.org/10.1016/j.techfore.2008.08.003. Accessed 25 February 2017.
- Chamberlin, E.H. (1933). The Theory of Monopolistic Competition. A Reorientation of the Theory of Value, Cambridge, MA: Harvard University Press, 8th edn.
- Chesbrough, H. (2003). Open Innovation: The new imperative for creating and profiting from technology. Boston, MA: Harvard Business School Press.
- Chub, O.O. (2008). Pidvyshchennia transparentnosti ukrainskykh bankiv v umovakh hlobalizatsii
[Increasing the transparency of Ukrainian banks in the context of globalization]. Finansy, oblik i audit, 166-174.
- Fatkhutdinov, R.A. (2005). Management of competitiveness of the organization. 2nd ed., New York: Penguin Books.
- Grossman, G.M., Helpman, E. (1991). Quality ladders in the theory of growth. Review of Economic Studies, 58, 43-61.
- Hayek, F.A. (1948). The Meaning of Competition, 92-106.
- Heald, D. (2006). Varieties of Transparency. Proceedings of the British Academy, no. 135, pp. 25-43. Retrieved from: http://www.davidheald.com/publications/Healdvarieties.pdf. Accessed 28 February 2017.
- Kharchenko, T.B. (2003). Ensuring the competitiveness of enterprises as a means of market economic reform. Actual Problems of Economy, 2.
- Khubiiev, R.K. Transparentnost kak faktor konkurentosposobnosty [Transparency as factor of competitiveness]. In Rossiiskoie priedprinimatielstvo. Retrieved from: http://www.creativeconomy.ru/articles/5305.
- Klimenko, S.M., Dubrova, O.S., Barabas, D.O., Omelyanenko, T.V., Vakulenko, A.V. (2006).Management of competitiveness of enterprise. K.: KNEU.
- Litovskikh, A.M. (2006). Transparency and its impact on the banking sector. Izvestiya TRTU.
- Marx, K. (1976) [1867]. Capital (vol. 1), New York: Vintage Books.
- Meer, H. (2007). Open Innovation The Dutch Treat: Challenges in Thinking in Business Models.
Creativity and Innovation Management. Retrieved from: http://dx.doi.org/10.1111/j.1467-8691.2007.00433.x.
- Melnyk, K.K. (2010). Transparency as a necessary condition to ensure the effectiveness of central bank communication. Sumy. Problemy i perspektyvy rozvytku bankivskoi systemy Ukrainy, pp. 208-216.
- Michenera, G., Berschb, K. (2013). Identifying transparency. Retrieved from: http://katherine.bersch.gweb.io/Michener%20and%20Bersch%202013.pdf.
- Migus, І. (2013). Transparentnist banku yak skladova mexanizmu zabezpechennya jogo ekonomichnoyi bezpeky. Biznesinform,10.
- Mokiy, A.I., Vasitsiv, T.G. (2010). Strategy and processes of strengthening the spatial-structural competitiveness of region, Lviv: Liga Press.
- Porter, M. (2005). Competition: Translation from English under ed. and preface of N. Makarov, M. Williams.
- Ricardo, D. (1817). On the Principles of Political Economy and Taxation. 1st ed. London, John Murray. 412 p.
- Robinson, J.V. (1933). The Economics of Imperfect Competition, London: Macmillan.
- Romer P.M. (1990). Endogenous technological change. Journal of Political Economy, 98, 71–102
- Schumpeter, J.A. (1909). On the concept of social value. The Quarterly Journal of Economics. Oxford University Press, 23 (2), 213–232.
- Schumpeter, J.A. (1942). Capitalism, socialism and democracy, New York: Harper and Row.
- Smith, A. (1982) [1759]. D.D. Raphael and A.L. Macfie, ed. The Theory of Moral Sentiments. Liberty Fund.
- Sraffa, P. (1926). The laws of returns under competitive conditions. Economic Journal, 36 (144), 535-550
- Stiglitz, J.E. (2000). The Contribution of the Economics of Information to Twentieth Century Economics. Retrieved from: www.uv.es/~cursegsm/ MaterialCurso/ p1441_s.pdf.
- Trott, P., Hartmann, W. (2009). Why open innovation is old wine in new bottles. International Journal of Innovation Management, 13 (4). Retrieved from: http://dx.doi.org/10.1142/s1363919609002509.
- Vecchio, S.D., Thompson, C., Galindo, G. (2010), Trust but verify: From transparency to competitive advantage. PwC View, issue 13. Retrieved from: https://www.pwc.com/us/en/view/assets/pwc-view-issue13-trust-but-verify.pdf. Accessed 28 February 2017.
|