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Purpose: Based on technological progress, companies innovate and design a variety of new processes to be implemented in order to gain a competitive advantage. Nevertheless, many companies face issues during the initial integration of these emerging technologies with their existing business...
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We evaluate Schumpeter's (1942) hypothesis that firms with disruptive technological innovations in concentrated industries challenge and ultimately displace established market leaders. We find that disruptive innovations significantly reduce firm size, but only in concentrated industries....
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