This paper presents a theoretical model and an empirical study to show that the organizational structure of a firm affects firm value through the level of Ramp;D intensity. Multi-divisional firms invest less in Ramp;D than stand-alone firms, and the relative value of multi- versus...

Innovation is an important driver for national growth and value in many small countries. Growth in such countries is necessarily associated with exports and other international business activities. Capital imports have always played an important role in the development of export in small and...

We studied the optimal funding of the public sector for the Hi-Tech industry in the presence of short-term, cyclical, venture capital (VC) funding by constructing a decision-making model that results in the optimal governmental support and a model that accounts for the dynamics of the VC...

This study investigates the impact of Internet usage on the financial performance of residential real estate brokerage firms using a database of over 1,700 observations. Factor loadings and a factor score for Internet usage are developed. The results show that Internet use is positively related...

Under the legal doctrine of patent exhaustion, a patent holder's ability to license multiple parties along a production chain is restricted. How and when such restrictions should be applied is a controversial issue, as evidenced by the Supreme Court's granting certiorari in the Quanta case. The...

A tanulmányban a schumpeteri "teremtő rombolás" gyakorlati mechanizmusát vizsgáljuk az infokommunikációs szektorban. Az innováció fogalmát tágan értelmezzük - úgy, ahogy ezt maga Schumpeter is tette. Bemutatjuk, hogy a Clayton Christensen és kutatótársai által kidolgozott...

This paper looks at the special characteristics of radical inventions. It tries to identify those variables that differentiate radical inventions from non-radical inventions. Since radical inventions are very important for the economy as a whole and for the individual firm performances,...

Recent accounts suggest the development and commercialization of invention has become more "open." Greater division of labor between inventors and innovators can enhance social welfare through gains from trade and greater economies of specialization. Moreover, this extensive reliance upon...

This paper introduces the evolving understanding and conceptualization of innovation process models. From the discussion of different approaches towards the innovation process understanding and modeling two types of approaches to the evolution of innovation models are developed and discussed....