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their inward looking or exploitationʺ attitude in R&D and innovation. We argue that because of sunk costs and learning …. Among other things, this suggests that explorationʺ, which leads to the opening of new innovation trajectories, requires not …
Persistent link: https://www.econbiz.de/10003211779
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Information about the success of a new technology is usually held asymmetrically between the research and development (R&D)-performing firm and potential lenders and investors. This raises the cost of capital for financing R&D externally, resulting in financing constraints on R&D especially for...
Persistent link: https://www.econbiz.de/10010341887
Information about the success of a new technology is usually held asymmetrically between the research and development (R&D)-performing firm and potential lenders and investors. This raises the cost of capital for financing R&D externally, resulting in financing constraints on R&D especially for...
Persistent link: https://www.econbiz.de/10010252810
their inward looking or exploitation attitude in R&D and innovation. We argue that because of sunk costs and learning …. Among other things, this suggests that exploration, which leads to the opening of new innovation trajectories, requires not …
Persistent link: https://www.econbiz.de/10010328525
way firms profit from innovation according to the stage of industry evolution. We argue that in early stages of industry …
Persistent link: https://www.econbiz.de/10014055448
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