exhausted all possibilities of the new technological paradigm that promise positive returns on investment. Thus, history matters … 2002. In addition, the adoption of new e-business technologies by firms creates opportunities to conduct innovation, either …

There appears to be an ambivalent dimension in innovation strategies: timing. When is an innovation ready for the … market or when is the market ready for the innovation? This paper empirically investigates the determinants of a firm …’s decision to become a first mover or a follower in innovation strategies. Much of theoretical and empirical work has focused on …

, logistics, the internet) and ideology (most notably economic and political trends in China and India) are creating exciting … for innovation at home. We suggest a combination of three factors to identify and explain such innovation strategies … customers as a source for innovation that is more beneficial to standardized products and becomes more feasible if the lead …

Investment decision-making is modeled by means of a Kohonen neural net, where neurons represent firms. This is done in …

This paper analyzes a model of investment with fixed investment costs and capital market imperfections. In this model … finance influences the level of capital firms hold, as well as the frequency at which they invest. In consequence investment …, when the short-run investment function is estimated, liquidity has a significant impact, which is also strongest for strong …

Limited liability debt financing of irreversible investments can affect investment timing through an entrepreneur … entrepreneur's unique investment opportunity, and it is shown in a standard model of irreversible investment that includes the … risks, and lowers the investment threshold. Compensating the lender for expected default losses reduces project …

investment problems have been formulated. …

This paper studies whether and how capital investment and economic freedom jointly endogenize economic growth. The … the crucial role of both domestic and foreign capital investment and economic freedom for rapid growth. Countries that … improve economic freedom and that bolster capital investment tend to experience faster growth. The domestic investment rate …

- income countries for the period 1980-2002 and then project investment needs in these sectors until 2010. Our projections …