Contenu du sommaire : Twin Transition

The concept of the twin transition promotes leveraging synergies between the digital and sustainability transitions. This introduction to the special issue takes an innovation economic perspective to examine the development of digital green technologies for, and the adoption by, carbon-intensive sectors. It reveals how entrepreneurial activity and the innovation system evolution have led to cost-economic, organizational, and technical lock-ins. Moreover, it shows that to reduce CO2 emissions, firms favor (digital) green ‘tech fixes' to increase efficiency or save energy (e.g., by adding data collection and smart process control) over pursuing a ‘paradigm shift' toward a decarbonized production system (e.g., by electrification, or changing feedstock or chemical agent). Recognizing that deep decarbonization may not be possible within the necessary time window, digital green tech plays an indispensable, transitory role. Consequently, innovation (system) policy thus has to promote both entrepreneurship for digital green tech and governance of a sector-transcending, transformative innovation system for deep decarbonization. The six papers in this special issue address various aspects of the digital green tech development path.JEL Codes: O31, O14, O33, Q55, Q58, Q52

This paper explores the potential of renewable energy technologies and smart grids to drive a transformative shift in the energy landscape. Drawing inspiration from the concept of technological revolutions, the paper examines historical examples of techno-economic paradigms and their reliance on abundant and low-cost energy resources. It highlights the current emergence of low-carbon energy generation technologies, such as wind, solar, and hydropower, and their integration into the digital technoeconomic paradigm. The paper emphasizes the co-evolution of green and digital transition processes and their potential to create diversified energy networks. It investigates the connections between technological revolutions, renewable energy sources, and smart grids, suggesting that these elements will shape the future energy transition.JEL Codes: O13, O33, O44

The automation of decision-making supported by digital processes of artificial intelligence (AI) is considered one of the outcomes of digital innovation rendering management decision-making more optimized, accurate and replicable. In parallel, dynamic capabilities are identified as critical resources for sustaining management decision-making innovativeness. Based on an analogy-based framework and a qualitative observation of AI-driven chess practice, this research examines how and why decision-making automatism (DMA) interacts with decision-making dynamism (DMD) and, consequently, could reshape management decision-making innovativeness. The analysis stipulates that AI-driven decision-making might, on the one hand, optimize tactical decision-making by favoring DMA and, on the other hand, affect DMD by mitigating dynamic capabilities, especially the inductive dynamic capabilities required for unprecedented decision-making. A typology and four theoretical propositions conceptualize these findings. The article ends by suggesting more strategic considerations with regard to the preservation of decision-making innovativeness in the mobilization of AI in management decision-making.JEL Codes: M10, O33

The study examines the antecedents of entrepreneurship and intrapreneurship in 54 countries and finds similarities in six out of eight variables considered. Regression analysis reveals that entrepreneurship is influenced directly and positively by employment and the control of corruption and negatively by tertiary enrolment and innovation. Intrapreneurship is influenced directly and positively by per capita income. The analysis of developed and developing countries reveals that some antecedents of entrepreneurship and intrapreneurship are similar (employment and corruption), others are different (income, education, and innovation), and even the direction may be different (inequality). Some factors we analyzed had no significant direct relationship to entrepreneurship and intrapreneurship (economic freedom and ease of doing business). Mediation analysis reveals that entrepreneurship is influenced negatively by income inequality and economic freedom and positively by the ease of doing business through per capita income and control of corruption, respectively. In contrast, tertiary enrolment influences intrapreneurship positively but indirectly.JEL Codes: O31, O50, C2

Recently, the so-called “world of finance” has gained relevance in the business environment, where the financialization process takes place. Thus, the main research question addressed through case studies carried out in five companies in Brazil was “what are the impacts of financialization on firms and their innovation management process?”, with the following objectives: (1) understanding the impacts of financialization on firms; and (2) exploring its impacts on their innovation management process. The main conclusions regarding financialization are related to cultural aspects, owners' mentality, short-termism, need for flexibility and liquidity, shadow banking use and conservatism in financial leverage decisions. On the other hand, conclusions related to innovation management concern risk tolerance, the subtleness of the interaction between finance and innovation, applied financial tools, the relative long-termism of innovation, and funding through dividends. Also, industry characteristics behave as key conditional factors of decisions in both fields.JEL Codes: G32, O32, O31