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between innovation and product market competition for an individual industry, based on the possibility for non …
Persistent link: https://www.econbiz.de/10014052151
Persistent link: https://www.econbiz.de/10002146938
This paper proposes a model of endogenous growth where innovating requires both researchers, who produce inventions, and entrepreneurs who implement them. As research and entrepreneurship compete in the allocation of aggregate resources, the relation between growth and research effort is...
Persistent link: https://www.econbiz.de/10014121352
innovation intensity to escape competition. The U-shaped relation is more pronounced in industries where firms compete in …
Persistent link: https://www.econbiz.de/10012890304
rapid increase in R&D expenditures. The purpose of this study is to explore the complicated role of competition on … results show that most Chinese manufacturing firms are inefficient in R&D activities. Competition forces firms to focus on the …&D results. Therefore, there is an inverted U-shaped relationship between these variables. Competition also negatively moderates …
Persistent link: https://www.econbiz.de/10014294979
We study a quality-ladder model of endogenous growth that produces stochastic leadership cycles. Over a cycle, industry leaders can innovate several successive times in the same industry, gradually increasing the magnitude of their technological lead before being replaced by a new entrant....
Persistent link: https://www.econbiz.de/10008702831
This paper examines the effects of promotion-based tournament incentives for non-CEO executives on corporate innovation. We find that firms with greater tournament incentives, which are measured as the pay gap between the CEO and other executives, are associated with a higher level of patent...
Persistent link: https://www.econbiz.de/10012855711
We study a quality-ladder model of endogenous growth that produces stochastic leadership cycles. Over a cycle, industry leaders can innovate several successive times in the same industry, gradually increasing the magnitude of their technological lead before being replaced by a new entrant....
Persistent link: https://www.econbiz.de/10013144462
Information about the success of a new technology is usually held asymmetrically between the research and development (R&D)-performing firm and potential lenders and investors. This raises the cost of capital for financing R&D externally, resulting in financing constraints on R&D especially for...
Persistent link: https://www.econbiz.de/10010341887
Information about the success of a new technology is usually held asymmetrically between the research and development (R&D)-performing firm and potential lenders and investors. This raises the cost of capital for financing R&D externally, resulting in financing constraints on R&D especially for...
Persistent link: https://www.econbiz.de/10010252810