Anastasios Kitsos (p), Matthew Lyons, Andre Carrascal-Incera

Won Sang Lee

We study the impact of creative industries on business innovation and its variation by region. Beyond their intrinsic value, creative industries have a range of economic benefits at the local and national level. These can be direct such as growth in Gross Value Added (GVA) and employment multipliers or indirect via their impact on other businesses.

We focus on the latter and build on previous studies to identify whether there are positive effects from creative industries to business innovation. These influences are expected to arise from business interactions in the form of input-output relationships. We also expect that the degree of creative influence on business innovation will depend on the characteristics of the input-output linkages from one region to another.

To examine the above relationships we use a Multi-Regional Input-Output (MRIO) model for NUTS2 regions in the UK and combine it with innovation data. We expect significant variation in the regional effects of creative industries on business innovation based on the type of backward and forward input-output linkages and the local business base.

The analysis will shed light to the indirect impacts of creative industries as a catalyst of business innovation and their variation by region. This becomes particularly pertinent at crisis periods, assisting the resilience of individual firms and regional economies as a whole.

Adrienn Reisinger (p)

Anastasios Kitsos

Companies are the main actors in the economy, they employ people, they pay tax and they produce and provide services. Their operation is so complex with different kind of approaches, factors which influence them that it is not easy to find such kind of method which can reflect to this complexity. It depends also on whether the focus is on economic or social issues. Companies are often analysed with economic, financial or market approaches, the social focus appears only rarely.
In my presentation I would like to show this social aspect of companies. I used Porter and Kramer’s (2006) idea as an initial point that the economy and the society need each other: a well-functioning economy needs a healthy society and a healthy society needs a well-functioning economy.
The aim of my presentation is to attempt to identify the types of relation between companies and the society from a theoretical and from an empirical view and to connect these approaches to the corporate competitiveness. Between August 2021 and June 2022 I am making interviews with SMEs in Győr, Hungary about their societal role. In my presentation I would like to show the first results of my research. I would like to answer the following questions: What kind of societal factors influence the companies? Which impact have the companies on the society? What is the role of the companies in the society? How these approaches can influence the competitiveness of companies? Interviews are still ongoing at the time of writing the abstract, so I cannot show any results yet.
My aim is to draw attention to the importance of the investigation of the societal approaches of companies. Integration these aspects into the operation of companies can open new dimensions for both researchers and practitioners.

„This presentation is supported by the János Bolyai Research Scholarship of the Hungarian Academy of Sciences”.

'see extended abstract'

Eugenia Shevtsova (p)

Adrienn Reisinger

Please see extended abstract.

Won Sang Lee (p)

Eugenia Shevtsova

Environmental, Social and Governance (ESG) is one of widely interested and rapidly emerging areas. While the concept and practice of ESG are actively being established, it is necessary to have the relevant and appropriate technological innovations for effectively pursuing ESG. Indeed, the technological innovation has been influencing the economy and society. Particularly, it can be effective to pursue the technological innovation in emerging areas. The emerging areas, such as ESG, have experienced the evolution, such as the co-existence, competition, or extinction. One can emphasize the importance of regions and its sustainable growth in such evolutionary process of technological innovations for ESG area.
In this research, the city could be considered as an important unit of innovation. The occurrence of technological innovation in ESG might vary by cities, since ESG focuses on the balanced and sustainable development of diverse regions. The spillovers of technological innovation among regions have become more important and have spread in the open innovation system. Then, how could the diffusion of innovations in ESG occur? In order to answer this question, the deep learning based embedding technique is applied for extracting the technological flows from the entire triadic patents. In addition, ESG innovations and their emerging issues are further identified by the application of LDA in the regional contexts. Finally, the technological and regional proximity of cities in EU are investigated in terms of ESG innovations. The structure of spreads of ESG innovations and regional occurrence are analyzed to provide a better understanding on fostering ESG innovations and their exploitation. The results could imply that the policy effort for facilitating the global spillover of ESG innovation and its contributions to regions. Also, findings implies that such effort needs to be in proper manner for globally profiting from innovation.