In this paper, we examine the impact of technology licensing-in on firm invention performance. Studying a sample of 266 licensees and matched non-licensees using a two-part model specification, we find that licensees are more likely to introduce inventions than their non-licensee counterparts....

This paper investigates the relationship between dynamic capabilities and firm performance. In particular it addresses the question of whether dynamic capabilities impact directly or indirectly on performance. Using data from manufacturing firms, the paper articulates and measures dynamic...

This paper tries to demonstrate that the well developed analysis of directional selection within evolutionary economics can be complemented by analyses of stabilizing selection and disruptive selection. It also tries to demonstrate that the evolutionary algebra provided by Price’s equation...

In this paper, we concentrate on how evolutionary economics contributes to a better understanding of the spatial evolution of newly emerging industries. Inspired by evolutionary thinking, four types of explanations are discussed and tested in an empirical analysis of the spatial pattern of the...

Twenty years have passed since Nelson and Winter (1982) proposed routines as the unit of analysis of an evolutionary theory of economic change. Since then, the concept of routines has been taken up widely in the economics and business literature. Many ambiguities and open questions still...

Although the branch of economics that deals with economic evolution has become established during the last couple of decades, its aims and potentials can most easily be understood on the background of the work of early pioneers. Joseph A. Schumpeter’s contribution not only analysed capitalist...

The aim of this paper is to explore the relationship between organizational change and information technology (IT) in Danish manufacturing and service companies. The data material is a survey covering 1900 Danish companies. In the paper it is shown that there in a three-year period are major...

Infusing hierarchies with elements of market control has become a much-used way of simultaneously increasing entrepreneurialism and motivation in firms. However, this paper argues that such “internal hybrids,” particularly in their radical forms, are inherently hard to successfully design...

This paper is an empirical test of the hypothesis that the appropriateness of different business strategies is conditional on the firm’s distance to the industry frontier. We use data on four 2-digit high-tech manufacturing industries in the US over the period 1972-1999, and apply...