We develop a theory of blockchain governance. In our model, the proof-of-work system, which is the most common set of rules for validating transactions in blockchains, creates an industrial ecosystem with specialized suppliers of goods and services. We analyze the two-way interactions between...

The study conceptualizes the ecosystem of an industrial cluster based on circular economy as an umbrella for co-evolving concepts, such as circular economy, cluster economy and industrial ecology (also comprising the concepts of industrial symbiosis and its subcategory, industrial mutualism). We...

Facing the necessity to increase their innovation capabilities in a more and more holistic context, companies are creating new collaborative organizations aiming to collectively explore potential radical innovation fields. In this paper, we propose to study the nature of these new collectives...

Why is it that European firms are less present as leading innovators in new ICT sectors? The most common factor raised in the literature to explain the differences in dynamic structure between the US and the EU is a greater willingness on the part of the US financial markets to fund projects in...

Magistro darbo konceptualiojoje dalyje išanalizuoti ir susisteminti įvairių Lietuvos ir užsienio autorių teoriniai inovacijų sampratos, pagrindinių jos bruožų, bei inovacinių projektų finansavimo šaltinių ir inovacinių projektų efektyvumo vertinimo metodologiniai aspektai....