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We show how a Schumpeterian process of creative destruction can induce coordination in the timing of entrepreneurial activities across diverse sectors of the economy.Consequently, a multi-sector economy, in which sector-specific, productivity improvements are made by independent, profit-seeking...
Persistent link: https://www.econbiz.de/10011092449
-creating takeovers and increase innovation and do not induce agency con icts of managerial entrenchment. This implies that for innovative …
Persistent link: https://www.econbiz.de/10011091215
In this paper we test the relation between cognitive distance and innovation performance of firms engaged in technology …-based alliances.The key finding is that the hypothesis of an inverted U-shaped effect of cognitive distance on innovation performance …
Persistent link: https://www.econbiz.de/10011091844
This paper contributes to the analysis of where and how both exploitation and exploration may take place inside and between communities and organizations. It connects with the discussion of differences between communities of practice and epistemic communities. The analysis allows for differences...
Persistent link: https://www.econbiz.de/10011092178
distance between firms for innovation by interaction. …
Persistent link: https://www.econbiz.de/10011092223
This paper gives a survey of insights into inter-firm alliances and networks for innovation, from a constructivist … myopia that, for the sake of innovation, needs to be complemented by means of outside relations with other firms, at larger … cognitive distance. Hence the importance of networks for innovation.On the governance side, the paper gives a review of …
Persistent link: https://www.econbiz.de/10011092744
Many argue that elements of a society s norms, culture or social capital are central to understanding its development.However, these notions have been difficult to capture in economic models.Here we argue that trustworthiness is the economically relevant component of a society s culture and...
Persistent link: https://www.econbiz.de/10011090823
This paper develops a framework which analyzes how a population's culture affects the decisions of rational profit maximizing firms, while simultaneously exploring how the actions of these firms in turn affect the population's culture.By endogenizing culture as well as the more usual economic...
Persistent link: https://www.econbiz.de/10011092624
The inverse probability weighted Generalised Empirical Likelihood (IPW-GEL) estimator is proposed for the estimation of the parameters of a vector of possibly non-linear unconditional moment functions in the presence of conditionally independent sample selection or attrition.The estimator is...
Persistent link: https://www.econbiz.de/10011090314
Persistent link: https://www.econbiz.de/10011091137