Literature in economic development shows how countries diverge and converge in economic growth owing to technological change and capital accumulation. In this paper, I examine micro level divergence and convergence of best practices of firms within a broadly defined industry. Multinational...

The 2008 financial crisis of the US was a watershed for economics discipline, especially macroeconomics. Several world leaders such as the Queen of England questioned distinguished economists of Ivy league schools such as the London School of Economics on why they failed to see what was...

Corruption is a major political and economic issue in India. The stakes, value, frequency, and costs of corruption have become exceptionally high in the history of modern India. This is partly because some of the tenets of free market mechanism are implemented in the absence of underlying...

Cooperatives as organizational arrangements of collective economic activity can break up interlocked capital, labour and output markets in rural areas and alleviate poverty. The recent parallel law on cooperatives provides and opportunity to take a fresh look at this issue. There is no coherent...

Foreign subsidiaries acting as "integrated competence centres" is an organizational design that improves the building of capabilities in multinational corporations. In this knowledge-creating process the headquarter uses a bottom-to-top strategy, where the initial competence-building starts in...

Based on a sample of 169 subsidiaries of MNCs operating in USA, Russia, and China, this paper investigates the relationship between MNC subsidiary HRM practices, absorptive capacity and knowledge transfer. The paper makes two key contributions. First, the paper examines the relationship between...

This paper argues that firms can best realize the value of their investments in R&D by exploiting the associated information asymmetries. Attention is directed away from the physical results of R&D and towards the firm’s ability, more generally, to earn rents from the private information...

The Internet has the potential to improve the efficiency of market transactions. By use of the Internet companies can reduce their search costs significantly and increase their ability to respond flexible to new market opportunities as a result of reduced sunk costs. On the basis of...

In this paper we use longitudinal data from a sample of Danish exporters in order to investigate the dynamics of export organization. Building on previous research, we model such decisions as an interplay between various switch inducing (motivators) as well as switch impeding(costs) factors. We...