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Value creation and appropriation through the Hungarian SME’s food chain

Tóth, József (2016) Value creation and appropriation through the Hungarian SME’s food chain. In: 26th Annual IFAMA World Conference & 12th Wageningen International Conference on Chain and Network Management (WICANEM), June 19 - 23, 2016, Aarhus, Denmark.

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Abstract

Value creation is the result of the continuous innovation activity of the entrepreneur, which is carried out mainly in form of open innovation among the agri-food SMEs. However value creation is not the ultimate goal of the enterprises. They are more interested in increased appropriation of the created value. Although the value creation (innovation) is very well explored and cultivated area of research, there are some voids in the field of agriculture and food industry: the behavioural aspect of open innovation is very rare. The value capturing is even much less studied, therefor our research approach is largely explorative one. Data are drawn from a survey carried out in Hungary among the agri-food SMEs in 2014. We use Structural Equation Modelling as well as ordered probit and semi-non parametric ordered probit models for analysing the data. Our results show that there is positive relationship between the knowledge sharing with chain partners and the innovativeness. We could explore that size of the firm, absorptive capacity and openness to foreign trade ambiguously affects value capturing. However trust in chain partners, reciprocity in knowledge sharing with chain partners and willingness to cooperate with buyers positively influence the appropriation of the created value.

Item Type:Conference or Workshop Item (Paper)
Uncontrolled Keywords:value creation, value capturing, agri-food SMEs, structural modelling, behavioural economics
Subjects:Knowledge economy, innovation
Agriculture
ID Code:2391
Deposited By: Ádám Hoffmann
Deposited On:12 Jul 2016 13:58
Last Modified:12 Jul 2016 13:58

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