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The growth process for a technological leader is different from that of a follower.While followers can grow through imitation and capital deepening, a leader must undertakeoriginal research. This suggests that as the gap between the leader and the follower narrows, thefollower must undertake...
Persistent link: https://www.econbiz.de/10005870259
In der öffentlichen Diskussion werden die Bezüge von Führungskräften mit der Semantikder Leistungsgerechtigkeit bewertet. Allerdings zeigt eine detaillierte Analysevon Prinzipal-Agent-Problemen in der modernen Wirtschaft, dass eine leistungsgerechteEntlohnung oft nicht das beste Ergebnis...
Persistent link: https://www.econbiz.de/10008756553
This paper addresses the key determinants of merger failure, in particularthe role of innovation (post … introduce a model of process innovation where merged firmsexibit intra-merger spillover of knowledge under different market …) which contradicts the notion of failureand suits well the open innovation paradigm. …
Persistent link: https://www.econbiz.de/10005860566
M&A and Innovation a major means of today’s competitive strategy development, this paper examines the innovation … determinants of M&A activity and the consequences of M&A transactions on the technological potential and the innovation performance … firm-level data on M&A and innovation activity as well as financial characteristics. By implementing a counterfactual …
Persistent link: https://www.econbiz.de/10005860984
Does competitive pressure foster innovation? In addressing this important question, priorstudies ignored a distinction … between discrete innovation aiming at entirely new technologyand continuous improvement consisting of numerous incremental …
Persistent link: https://www.econbiz.de/10005861521
This paper analyzes empirically the effects of innovation onemployment at the firm level using a uniquely long panel …
Persistent link: https://www.econbiz.de/10005866096
This paper analyzes firms’ choices regarding the geographic scope of patentprotection within the European patent system. We develop an econometric modelat the patent level to quantify the impact of office fees and translation costs onfirms’ decision to validate a patent in a particular...
Persistent link: https://www.econbiz.de/10009418810
This paper investigates how patent applications and grants held by new ventures improve their abilityto attract venture capital (VC) financing. We argue that investors are faced with considerable uncertaintyand therefore rely on patents as signals when trying to assess the prospects of potential...
Persistent link: https://www.econbiz.de/10009418811
This paper develops a comprehensive endogenous growth framework to determinethe optimal mix of growth policies. The analysis is novel in that we captureimportant elements of the tax-transfer system and fully take into account transitionaldynamics in our numerical analysis. Currently, for...
Persistent link: https://www.econbiz.de/10005870766
This paper proposes a theory for the gradual evolution of knowl-edge diffusion and growth over the very long run. A …
Persistent link: https://www.econbiz.de/10009302602