Geroski, Paul; Machin, Steve; Reenen, John Van - In: RAND Journal of Economics 24 (1993) 2, pp. 198-211
This article seeks to evaluate the effects on corporate profitability of producing a major innovation. We examine two types of effect: innovations can have a direct but transitory effect on profitability associated with the production of a new product or the use of a new process, and innovations...