A vast literature exists on disruptive technologies; however, some fundamental questions are unknown, such as: how is the speed of disruptive technologies in competitive markets? How is the pathway of technological cycle of disruptive technologies? The study confronts these questions here by...

Digitization of music and the Internet have fundamentally disrupted the music industry by altering the way music is packaged, distributed, and consumed. These disruptive innovations have enabled music to be purchased as an individual song (digital single) or as an album (digital album) or to be...

Christensen (1997) provided evidence for disruptions in the hard disk drive industry by examining the technological changes of disk drives. By building up the disruption model, Christensen argues that the failures of the established firms in the industry to respond to simple technological...

A vast literature exists on disruptive technologies. However, some fundamental questions are unknown, such as: how to measure the growth of disruptive technologies in competitive markets? How is the pathway of technological cycle of disruptive innovations? The study confronts these questions...

The fundamental question in the economics of innovation is how technological change is generated in competitive markets. This study confronts this question here by developing the concept of disruptive firms that deliberate introduce new and improved generations of durable goods that destroy,...

I study whether US public firms signaling blockchain technology in their conference calls can receive better ESG ratings from third party agencies. By using a self-created blockchain keywords dictionary, my empirical studies show blockchain firms including blockchain adoption firms as well as...

Despite tremendous growth in the volume of new scientific and technological knowledge, the popular press has recently raised concerns that disruptive innovative activity is slowing. These dire prognoses were mainly driven by Park et al. (2023), a Nature publication that uses decades of data and...

Technological revolutions mark profound transformations in socio-economic systems. They are associated with the diffusion of general purpose technologies that display very high degrees of pervasiveness, dynamism and complementarity. This paper provides an in-depth examination of the technologies...