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This paper is an empirical test of the hypothesis that the appropriateness of different business strategies is conditional on the firm's distance to the industry frontier. We use data on four 2-digit high-tech manufacturing industries in the US over the period 1972-1999, and apply...
Persistent link: https://www.econbiz.de/10010328409
This paper is an empirical test of the hypothesis that the appropriateness of different business strategies is conditional on the firm's distance to the industry frontier. We use data on four 2-digit high-tech manufacturing industries in the US over the period 1972-1999, and apply...
Persistent link: https://www.econbiz.de/10010266700
foster innovation activities in small enterprises? Do innovators create more jobs? We use a large set of microenterprises … training is found to have a strong effect on the innovation activity. However, firms owned by female and old entrepreneurs are … less likely to get involved in innovation. In an extended model of firm growth determinants that includes innovation …
Persistent link: https://www.econbiz.de/10010273438
This paper studies how the interplay between technological shocks and financial variables shapes the properties of macroeconomic dynamics. Most of the existing literature has based the analysis of aggregate macroeconomic regularities on the representative agent hypothesis (RAH). However, recent...
Persistent link: https://www.econbiz.de/10010328512
This paper analyses the association between dynamic capabilities and new firm growth, controlling for measures of firm resources, characteristics of the entrepreneur, and aspects of the environment. The central research question is: How strong is the relationship between dynamic capabilities and...
Persistent link: https://www.econbiz.de/10010263862
size composition of firms changes, how innovation patterns (patents) change, as well as locational decisions of firms (NJ … observation, and that the growth advantage of small pharma firms increases after the 1980's as the process of innovation becomes … more guided and scale intensive and as small firm innovation becomes more persistent. Furthermore, at the end of the 1970's …
Persistent link: https://www.econbiz.de/10010288729
differences in industry, location, legal status, size, age, credit rating, export and innovation behaviour, the findings (i …, yet not on innovation output. …
Persistent link: https://www.econbiz.de/10011435304
The paper analyses the impact of venture capital finance on growth and innovation activities of young German firms …
Persistent link: https://www.econbiz.de/10010297278
We relate innovation to sales growth for incumbent firms in high-tech sectors. A firm, on average, experiences only … returns to innovation are highly skewed and that growth rates distributions are heavy-tailed, it may be misleading to use … that innovation is of crucial importance for a handful of superstar fast-growth firms. We also discuss policy implications …
Persistent link: https://www.econbiz.de/10010328389
A puzzling evidence stemming from the applied research on growth and innovation is that successful innovations do not … between innovation and sales growth rates. Exploiting a unique and original database comprising detailed information on …
Persistent link: https://www.econbiz.de/10010328435