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This paper examines how a firm's choice of the type of experiment impacts on its potential exploitation of new technological opportunities. It does so in the context of the failure of successful firms (or disruption) where the literature has informally suggested that firms undertake errors in...
Persistent link: https://www.econbiz.de/10012886279
Hirschman's Exit, Voice, and Loyalty highlights the role of “voice” when individuals confront an unexpected deterioration in quality. Yet, voice has received little attention. To motivate our empirical analysis, we develop a simple model of voice as the equilibrium of a relational contract...
Persistent link: https://www.econbiz.de/10011646339
There is growing evidence that firms increasingly adopt open innovation practices. In this paper we investigate the … impact of two such external knowledge acquisition strategies, "buy" and "cooperate", on firm's product innovation performance … while both "buy" and "cooperate" have a positive effect on innovation, there is little statistical evidence that using them …
Persistent link: https://www.econbiz.de/10009687782
innovation performance, addressing endogeneity by exploiting within firm variation as well as variation in labor supply across … regions. We find that vertical educational diversity increases the extensive margin of R&D and product innovation …, particularly new product innovation. However, the relationship with process innovation, R&D intensity, and product innovation …
Persistent link: https://www.econbiz.de/10011347557
This paper investigates how the macroeconomic business cycle impacts the empirical relation between firms' innovations and their sales growth rates. Based on firm-level panel data over the time period 1995-2014, the paper finds no visible sales growth differentials between firms in booming...
Persistent link: https://www.econbiz.de/10011557700
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This paper considers the impact of the intellectual property (IP) system on the timing of cooperation/licensing by start-up technology entrepreneurs. If the market for technology licenses is efficient, the timing of licensing is independent of whether IP has already been granted. In contrast,...
Persistent link: https://www.econbiz.de/10003495945
entrepreneurs with respect to commercialization as well as the rate of innovation. We find that stronger intellectual property … them. Consequently, we demonstrate that competition policy has a clearer role in promoting a higher rate of innovation in … increasing the rate of entrepreneurial innovation. -- Entrepreneurs ; Innovation ; Commercialization ; Intellectual property law …
Persistent link: https://www.econbiz.de/10009410321