While both manufacturing and R&D location decisions have received considerable theoretical and empirical attention from economists and organization scientists, theories and evidence regarding the co-location of the two are scarce. The goal of this article is to lay the theoretical foundation for...

This study investigates the relationship between innovations and firm growth, based on the data of Finnish firms operating in the software industry. We find that in terms of turnover and employment, firms with only technological innovations do not grow more rapidly than other firms. However,...

We document the evolution of product innovation and features in the mobile telephone handset market. We distinguish between two types of product innovation: vertical and horizontal innovation. Using data from 1990 - 2003, we find that some characteristics have subsequently become an industry...

This paper focuses on the effects of within and between standards competition and competition between firms on the performance of an emerging new technology, digital mobile telecommunication (2G). Our empirical exploration provides a more complete picture of the market dynamics of digital mobile...

The primary findings of our study suggest that software firms that adopt the OSS-based business model are notably less productive than companies that merely offer proprietary software solutions. Our estimation results further show that the OSS business model adopters have not become notably less...

We study firm-level adoption of packaged software products of almost 4,000 UK sites between 2000 and 2003. We consider all software used in a firm as its software product and categorize it into related, but distinct subsystems: the core subsystem (Operating Systems), and Desktop and Enterprise...

We study empirically the determinants of deposit supply using bank level data from local Finnish cooperative banks. Of special interest is the effect of bank branch density on deposit supply. Our main finding is that holding other things constant, the denser the branch network, the lower the...

In a model of bank lending characterized by asymmetric information, we show that banks may misuse the availability of an interim monitoring technology to soften price competition, even though the borrowers face no moral hazard problem. The interim monitoring technology can also be used to...

This study examines cooperative standard-setting in wireless telecommunications. Focusing on the competition among firms to influence formal standardization, the roles of standardsetting committees, private alliances, and technical consortia are highlighted. The empirical context is Third...

This paper addresses the question of the software companies’ timing of adoption of the open source software (OSS) business models comprising the supply of OSS products and/or services. The game-theoretic technology adoption models do not explain well the observed diffusion patterns of the OSS...