Patent citations often proxy for the value of innovation, and the very need for a proxy demonstrates the difficulty of getting direct measures. We value patents using novel data from non-practicing entities (NPEs) licensing revenues, the largest sample with direct measures analyzed to date. We...

1. Strategien im Sog des technologischen Wandels -- 2. Strategieentwicklung heute: Die Fiktion rationaler Unternehmensführung -- 3. Die ökonomische Logik der Strategieentwicklung: Ertrag -- 4. Die CSR-Logik der Strategieentwicklung: Verantwortung -- 5. Die Logik der Werte in sozialen Systemen:...

Responding to continued calls for a “circumstance-contingent theory of incumbent response” (Christensen, et al, 2018), this paper develops a formal model of incumbent response to disruptive entry. After developing a typology of incumbent responses identified in prior work, the paper...