This paper investigates, using a unique panel dataset of Korean manufacturing firms, the relationship between technological diversification and firm growth and the conditioning role of firm-specific core-technology competence in the relationship. First, the relationship is inverted U-shaped...

Smartphones have to be made someplace, and that place is China. In just five years, a company named Xiaomi (which means "little rice" in Mandarin) has grown into the most valuable startup ever, becoming the third largest vendor of smartphones, behind only Samsung and Apple. China is now both the...