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Modern information technologies have greatly facilitated timely dissemination of information to a broad base of investors at low costs. To examine their effects on the real economy, we exploit the staggered implementation of the EDGAR system from 1993 to 1996 as a shock to information...
Persistent link: https://www.econbiz.de/10012481384
This paper addresses a longstanding puzzle involving the unbundling of services that has occurred over more than two decades in the U.S. advertising agency industry: How can the shift from the bundling to the unbundling of services be explained and what accounts for the slow pace of change?...
Persistent link: https://www.econbiz.de/10012464302
States during the 1990's, I examine the incidence and intensity of organizational innovation and the factors associated with … investments in organizational innovation. Past profits tend to be positively associated with organizational innovation. Employers … being part of a multi-establishment firm) are more likely to invest in organizational innovation. Investments in human …
Persistent link: https://www.econbiz.de/10012465497
manufacturing - to study the effects of new IT on product innovation, production process improvements, employee skills and work …
Persistent link: https://www.econbiz.de/10012466898
This paper argues that the late 1990s boom in ICT investment was unsustainable for both macro and micro reasons; we are unlikely again to witness an interval in which computer hardware investment grows at an annual rate greater than 30 percent for five straight years. Analysts who base their...
Persistent link: https://www.econbiz.de/10012469266
We estimate the demand for a videocalling technology in the presence of both network effects and heterogeneity. Using a unique dataset from a large multinational firm, we pose and estimate a fully dynamic model of technology adoption. We propose a novel identification strategy based on...
Persistent link: https://www.econbiz.de/10012461404
the extent and direction of data-based innovation. We also show that the impact of privacy regulation can be extremely … heterogeneous. Therefore, we argue that digitization means that privacy policy is now a part of innovation policy …
Persistent link: https://www.econbiz.de/10012461534
We empirically examine the effects of industry consortia on the coordination of innovation strategies of the members … enables influencing peers' innovation strategies related to compatibility standards …
Persistent link: https://www.econbiz.de/10012460481
as sources of relative innovation underperformance in Europe vis-à-vis the United States. In this paper we investigate R …) that has been modified to include ICT investment and R&D as the two main inputs into innovation and productivity. We find … that R&D and ICT are both strongly associated with innovation and productivity, with R&D being more important for …
Persistent link: https://www.econbiz.de/10012460606
-skill intensive and are associated with innovation, as well as with technology adoption, management, and diffusion within firms. Using …
Persistent link: https://www.econbiz.de/10014322729