The aim of this paper is to investigate the issue of R&D investment and the market value of the firm. This idea dating back from Arrow paper, later developed by Paul Romer but in the area of economic growth. Zvi Griliches (1979), first introduced the production function, which later would be...

In this paper we point out a gap in the EU 2020 strategy to deliver growth that is smart, through more effective investments in education, research and innovation. The gap in the strategy is that in addition to investing in its own R&D, the EU must take advantage of knowledge created in the rest...

Development of information and telecommunication technologies (ICT) and growing popularity of the Internet as communication medium were the most important incentives having influenced the global knowledge-based economy for at least two decades. Although the ICT infrastructure development degree...

It has been argued that the power of the concept of a 'National Innovation System' (NIS) lies in its comparative nature. Adopting this viewpoint, we provide a comparative snapshot of New Zealand's NIS. Using macro-level indicators to measure innovation, knowledge absorption and diffusion, we...

The aim of this paper is to investigate the issue of R&D investment and the market value of the firm. This idea dating back from Arrow paper, later developed by Paul Romer but in the area of economic growth. Zvi Griliches (1979), first introduced the production function, which later would be...

Modern management theories agree that the effective use of knowledgemanagement (KM) is one of the key determinants in the performance of a businessorganization. KM permits a firm to accurately measure its adaptability andcompetencies and predict its survival in the market place. There are two...

The aim of this paper is to investigate the issue of R&D investment and the market value of the firm. This idea dating back from Arrow paper, later developed by Paul Romer but in the area of economic growth. Zvi Griliches (1979), first introduced the production function, which later would be...