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Innovation research and organizational practice often focuses on R&D investments and activitiescarried out in … approach to innovation is often insufficient. Asignificant number of radical but profitable innovations have their origin … produce innovations. Only a few successful companies seem to be able to identify andbuild upon these “peripheral” innovation …
Persistent link: https://www.econbiz.de/10005865644
Basic innovations are often fundamental to the development of applications that maybe developed by other innovators. In this setting, we investigate whether patent pools canrectify the lack of incentives for developers to invest in applications. Following Green andScotchmer (1995), we also...
Persistent link: https://www.econbiz.de/10009360853
We analyze the implications of entrepreneurial spawning for a variety of firm characteristicssuch as size, focus, profitability, and innovativeness. We examine the dynamics of spawning overtime. Our model accounts for much of the empirical evidence relating to the relation betweenspawning and...
Persistent link: https://www.econbiz.de/10009486974
This paper examines to what extent recent empirical evidence can collectively andsystematically substantiate the claim that entrepreneurship has important economic value.Hence, a systematic review is provided that answers the question: What is the contribution ofentrepreneurs to the economy in...
Persistent link: https://www.econbiz.de/10005862087
An important literature has made a fundamental link between corporate governanceand corporate strategy. According to agency theory, assigning managersstock options aligns their interests with the interests of the owners of the firm.This paper suggests that this may not apply in the context of...
Persistent link: https://www.econbiz.de/10005864514
This paper analyses the impact that some managerial competitive strategies followed by a firm may have on its survival. We have not only considered the classic strategies related to the passive learning process defined by Jovanovic (e.g., R&D or advertisement expenses), but we have also taken...
Persistent link: https://www.econbiz.de/10005864726
Discretionary disclosure theory suggests that firms incentives to provide proprietary versus non-proprietary information differ markedly. To test this conjecture, the paper investigates the incentives of German firms to voluntarily disclose business segment reports and cash flow statements in...
Persistent link: https://www.econbiz.de/10005840386
Several of the risks currently faced by corporations are shaped by legal rules. Liability rules, for instance, determine the cases in which firms will incur economic losses, either because thay are obliged to compensate for the harm suffered by others, or because they are inflicted monetary...
Persistent link: https://www.econbiz.de/10005871245
We apply the property rights theory of Grossman-Hart-Moore in the musicindustry and study the optimal allocation of copyright between the artistswho create music and the labels who promote and distribute it. Digital tech-nology opens up a role for new intermediaries. We …nd that entry of...
Persistent link: https://www.econbiz.de/10009022168
Kunst und Kommerz gelten immer noch weithin als unvereinbar. Tatsächlich aber sind sie eng miteinander verknüpft. Denn wer von seiner künstlerischen oder publizistischen Arbeit leben möchte, wird unweigerlich zum Existenzgründer bzw. beruflich Selbständigen...
Persistent link: https://www.econbiz.de/10005866316