Firm growth is an essential feature of market economies, shaping together macroeconomic performance and the evolution of industry structures. As a potential indicator of organizational "fitness" within a competitive environment, firm growth is also a central concern to both the practice and...

Scholars and practitioners alike now recognize that a firm’s capacity to assimilate and use know-how from external sources — what Cohen and Levinthal (1990) called “absorptive capacity” — plays a central role in innovation performance. In recent years, a common strategy pursued by...