We argue that the creation of new knowledge is both difficult and rare. More specifically, we posit that the creation of new knowledge is dominated by a few key insights that challenge the way people think about an idea; generating high interest and use. We label this the homerun hypothesis. Using...

This paper contributes to theory building efforts around the concept of knowledge connectivity and its role in suppliers’ new product innovation capability under different inter-firm knowledge pipeline conditions. We use the Taiwanese electronics and IT hardware industries as our study...

The early years are a particularly hazardous period for new ventures. This paper focuses on the survival of international new ventures (INVs), approaching the question from an empirical point of view. It is pointed out that the choice of an INV strategy is endogenous, in the sense the firms...

The location decisions of multinational enterprises (MNEs) are increasingly becoming the targets of lobbying efforts by government inward investment agencies (IIAs). This is related to the increasing mobility of MNE operations as the firms seek to rationalize and leverage their international...

In this paper we study the determinants of people's attitudes toward income inequality and their consequences for redistributive policies. In the light of a recent literature in social choice theory, we argue that an individual's attitudes toward inequality depend upon the extent of autonomy...

Societe Suisse de Microelectronique et d'Horlogerie (SMH) was formed in 1983 by merging the two leading Swiss watch groups, SSIH and ASUAG. SMH and its main brand, Swatch, was the outcome of crisis for the Swiss watch industry. In a few short decades, foreign competitors with superior technology...

The actions that individuals take to minimize the impact of risk generally involve cost. Thus, the actions that provide insurance often provide signals with regard to the individuals' underlying quality characteristics. Since the same action affects risk exposure and signals quality, individual...

The dispute over the conflicting merits of proportional representation (PR) and plurality (PL) electoral systems is mainly a debate over which element, representation or stability, should be emphasized. Advocates of PR do not accept policies as democratically valid if they are made on an...

The unintended consequences of prohibition on domestic markets are well documented (Miron and Zwiebel, 1995). The enforcement of these prohibitions denies the extralegal enterprise (XLE) access to property rights and contract enforcement from the state. Consequently, XLEs must provide their own...