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The innovation activities of foreign subsidiaries have been identified as an important source of competitive advantage for multinational corporations. The success of these engagements depends heavily on tapping host country pools of localized expertise. To achieve this foreign subsidiaries have...
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Our contribution to the expanding literature on the globalization of research and innovation is to investigate the extent to which sector-specific developments in an emerging technology (such as increasing interdisciplinarity and complexity) affect inventive activities developed abroad. We look...
Persistent link: https://www.econbiz.de/10010330108
This paper examines the relationship between the internationalisation of firms in services and their innovation performance. We use firm-level data over the period 2004-2006 and estimate an augmented structural model to account for the role of foreign direct investment and exporting on the...
Persistent link: https://www.econbiz.de/10010392439
Start-ups zeichnen sich durch limitierte personelle sowie finanzielle Ressourcen aus. Gleichzeitig sind sowohl Wachstumsambitionen als auch das Risiko zu scheitern groß. Daraus resultiert die Herausforderung, Tagesgeschäft, inkrementelle Innovationen und disruptive Neuerungen des Start-ups zu...
Persistent link: https://www.econbiz.de/10014377039
We propose a novel one-sector stochastic growth model, where producitivity growth follows a Markov-switching process with two regimes, and where households have generalized recursive smooth ambiguity preferences. The adopted class of preferences permits a three-way separation of risk aversion,...
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