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corporate capacity to strike a favorable balance between the production and the exploitation of new knowledge. This argument is …
Persistent link: https://www.econbiz.de/10005839245
We outline an Austrian approach to economic organization based on the entrepreneur and the Austrian idea of capital as heterogeneous and time-dimensioned, tow themes associated with Israel Kirzner's contributions. We provide a novel interpretation of capital heterogeneity based on the notion of...
Persistent link: https://www.econbiz.de/10005273118
Persistent link: https://www.econbiz.de/10002368233
Persistent link: https://www.econbiz.de/10001768490
The existing empirical evidence is somewhat inconclusive with respect to a number of the key predictions of the agency model. Although the reach of agency theory is considerably wider, the dominant portion of work has been taken up with examining the nature of the trade-off between risk and...
Persistent link: https://www.econbiz.de/10005627314
knowledge provided by skilled employees and unobserved individual heterogeneity in explaining the persistence of innovation. …This paper investigates whether firms innovate persistently or discontinuously over time using an innovation panel data … set on German manufacturing and service firms for the period 1994–2002. It turns out that innovation behaviour is …
Persistent link: https://www.econbiz.de/10005627371