less. Laggard firms, we suggest, should instead achieve productivity growth through efficient exploitation of existing … technologies and imitation of industry leaders. Employment growth in leader firms is encouraged whereas growth of backward firms is … conditional on the firms distance to the industry frontier. We use data on four 2-digit high-tech manufacturing industries in the …

contrast, in bankruptcy product quality increases relative to financial distress. In addition, we find that firms price more … aggressively when in financial distress consistent with firms trying to increase short-term market share and revenues. …

innovations whose distribution requires tying. Further, it ignores the important role of fixed costs in producing innovation … marginalization, which occurs when firms in complementary markets have market power and the two are unable to coordinate their output …

, Evolution, and Behavioral Economic Theory. Alchian’s thesis relied on an evolutionary understanding of firms’ activities in the … for firms to ‘survive’ in the market, they would need to act ‘as if’ they are oriented towards profit maximization …

primary and secondary data from 169 public respondents/firms, to examine the effects of negative internal barriers to …

dissemination of innovations in regions via spillover effect (NESTA Business growth and innovation, 2009). Fast-growing companies … may contribute more than 50% to GDP growth (Europe INNOVA Gazelles Innovation Panel, 2008). There are several works, that … explain growth of firms as a stochastic phenomenon (Gibrat, 1929), or as a combination of endogenous (Penrose, 1955) and …