Holmström, Bengt - Institutet för Näringslivsforskning (IFN) - 1989
Stylized facts indicate that small firms are responsible for a disproportionate share of innovative research. There are … (innovation) with easy to measure activities (routine) is particularly costly, since it will either lead to misallocation of … attention across tasks or to misallocation of risk. Larger firms are at a comparative disadvantage in conducting highly …