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Micro and small companies constitute the backbone of private business in Europe, accounting for nearly 99% of all enterprises, more than half of total employment in the private sector and an even greater proportion of new jobs. Despite their crucial place in the economy, there has been little...
Persistent link: https://www.econbiz.de/10010368043
It has been widely assumed that there was a bubble in the U.S. housing market after1999.This paper analyzes the extent to which that was true. We define a bubble as: (1) a regime shift that is characterized by a change in the properties of deviations from the fundamentals of house price growth,...
Persistent link: https://www.econbiz.de/10009476926
Incluye bibliografía ; Este documento estudia la dinámica de los precios de las acciones en un modelo tipo «árbol de Lucas» en el que los inversores tienen vidas finitas y aprenden de su propia experiencia. Los individuos actualizan sus expectativas mediante aprendizaje bayesiano basado en...
Persistent link: https://www.econbiz.de/10012530357
innovation. While Mimicry has been applied to various areas of sciences such as engineering, biomimetics and behavioural sciences … whether mimicry inhibits innovation, or which type of mimicry would be better evaluated. As such, mimicry in Marketing is …
Persistent link: https://www.econbiz.de/10009435010
between innovation and economic efficiency.Where a patent holder's invention uses an interface with adjacentproducts, the … goods; design changes tomedical devices; and changes in drug formulas. While the patent lawsprovide a spur to innovation by …
Persistent link: https://www.econbiz.de/10009435110
This paper empirically shows that innovation in Information Technology (IT) has become increasingly dependent on and … intertwined with innovation in software. This change in the nature of IT innovation has had differential effects on the …’s contribution in IT innovation and the differential innovation performance of US and Japanese electronics, semiconductors, and …
Persistent link: https://www.econbiz.de/10009441225
entrepreneurship on one of their champions, Joseph Schumpeter. Schumpeter's insights on innovation and entrepreneurship issues are …, though imperfectly, without interference. Originality/value - The paper suggests that innovation and entrepreneurship are the …
Persistent link: https://www.econbiz.de/10009441592
option; it is crucial to the ongoing success of global businesses. Leadership that encourage innovation and entrepreneurial … create shared perceptions that support innovation and entrepreneurship. This paper argues for congruency, as well as …
Persistent link: https://www.econbiz.de/10009441634
) increases on the strategic emphasis placed on innovation, both product and process, positively impact the prominence managers … place on IT; (2) the impact of innovation (both product and process) on performance (both profitability and growth) is …
Persistent link: https://www.econbiz.de/10009441668
This paper extends previous research on the effects of process imitation on economic growth by accounting for stochastic intra-industry spillovers. We employ a non-Schumpeterian growth model to determine the impact of such spillovers on investment in industries where firms are either...
Persistent link: https://www.econbiz.de/10009441726