Digitalization and Firm Performance: Examining the Strategic Impact

Acknowledgements
Contents
Contributors
List of Figures
List of Tables
1 Introduction: Digitalization as a Driver of the Contemporary Economy
	References
2 Digital Transformation: An Analysis of the Role of Technology Service Providers in Montreal’s Emerging AI Business Ecosystem
	Introduction
	Theoretical Perspectives
		Open Innovation
		Business Ecosystem
	Methodology
		Interviews
		Working Groups and Focus Groups (FG)
	The AI Ecosystem in Canada
	Industry 4.0 and Artificial Intelligence
	Results from Interviews and Discussion Groups
		The AI Business Ecosystem in Montreal
		Quebec Industry 4.0 Stakeholders and Digital Maturity
		Québec’s Digital Strategy
		Industry 4.0 and AI Integration
		AI Solution Providers
	Discussion
	Conclusions
	References
3 Digitalisation and the Process of Creating and Appropriating Value by Small Companies – the Network Approach
	Introduction
	Value Creation and Appropriation in Network Relationships
	The Impact of Digitalisation on Value Creation and Appropriation – the SME’s Perspective
	Method
	Results and Analysis
		Company Alpha
		Alpha–Beta Relationship Analysis
			Value Creation in the Alpha–Beta Network Relationship
			Impact of Digitalisation on Value Creation and Appropriation in the Alpha–Beta Network Relationship
		An Analysis of the Alpha-Gamma Relationship
			Value Creation in the Alpha-Gamma Network Relationship
			The Impact of Digitalisation on Value Creation and Appropriation in the Alpha-Gamma Relationship
	Results and Managerial Implications
	Conclusions
	References
4 Digital-Driven Business Model Innovation: The Role of Data in Changing Companies’ Value Logic
	Introduction
	Business Model Innovation: A Challenging Path for Firms’ Competitive Advantage
	Digital-Driven Business Model Innovation: The Value of Data
	Methodology
	The Business Model Innovation in GrottiniLab: The Shopper Science Lab Experience
		The Company
		The New Solution: The Shopper Science Lab
		Business Model Innovation: Value Proposition
		Business Model Innovation: Value Creation
	Conclusions
	References
5 Economic Structure, Globalisation, Governance, and Digitalisation: Global Evidence from Digital-Intensive ICT Trade
	Introduction
	Digital Competitiveness and ICT
	Potential Determinants of ICT Exports
	Empirical Framework
		Variables, Data, and Model
		Key Statistics and Correlations
		Cross-Sectional Dependence and Stationarity Controls
		Estimation of the Predictors of ICT Exports
		Panel Causalities
	Concluding Remarks
	References
6 The Digitalization of Contracts in International Trade and Finance: Comparative Law Perspectives on Smart Contracts
	Introduction
	Smart Contracts: Main Characteristics and Applications
		Blockchain as a Basis for Smart Contracts
		Smart Contracts: The Main Characteristics
		Smart Contracts: Some Economic Applications
	Smart Contracts: EU Private International Law
		Legal Uncertainty
		Choice of Jurisdiction
		Applicable Law
	Smart Contracts: Comparative Perspectives
		Civil Law
		Common Law
		Comparative Analysis
	Self-Regulation and Technology
		Smart Contracts Standardisation
		Programmers
		Smart Incoterms®
		Smart Derivative Contracts
	Conclusions
	References
7 Industry 4.0 in the Messages Published by Employers and Trade Unions in France, Germany, Poland, and the UK
	Introduction
	Theory and Hypotheses
	The Analysis of Published Messages
		Methodological Issues
		The Heterogeneity of Messages in Time and Space
		Do the Messages Support the Hypotheses?
	Discussion
	Conclusions
	References
8 The Impact of Digitalization on Human Capital Skills and Talent Flows in the Financial Industry: A Graph Theory Approach
	Introduction
	Literature Review
	Data and Methodology
	Graph Theory
		Node Strength
	Results Analysis
	Labour Force Skills in Financial Sector
	Conclusions
	References
9 East Asia and East Africa: Different Ways to Digitalize Payments
	Introduction
	The Classification of Mobile Payment Operational Models
	The General Background of M-payment in East Asia and East Africa
	M-payment in East Asia
		M-payment in China
			The General Background on M-payment in China
			Alipay
			WeChat Pay
			QR Code Adoption in China
		M-payment in South Korea
			The General Background of M-payment in South Korea
			Kakao Pay and Naver Pay
		M-payment in Japan
			The General Background of M-payment in Japan
			PayPay and Rakuten Pay
		Mobile Payment Operational Models in East Asia
	M-payment in East Africa
		The Safaricom Kenyan Story
			The Operator Centric Phase
			Hybrid Models: Bancarization and Financialization Led by Telephone Operators
		The Diffusion of the Kenyan Model in Other East-African Countries
		Mobile Payment Operational Models in East Africa
	Conclusion
	References
10 Digitalization and the Transition to a Cashless Economy
	Introduction
	The Cashless Economy—Definitions and Features
	Determinants of the Transition to the Cashless Economy
	The Advantages and Disadvantages of the Economy Without Cash
	Conclusions
	References
11 Identifying Financial Drivers of Bitcoin Price in Times of Economic and Policy Uncertainty: A Threshold Analysis
	Introduction
	Literature Review
	Data and Methodology
		The Data
		Methodology
	Empirical Results
		The Baseline Model
	The Robustness of the Results
	Conclusions
	References
Index