This paper develops a theoretical framework in which patents and control of downstream co-specialized assets affect the way firms profit from innovation according to the stage of industry evolution. We argue that in early stages of industry life cycle the effectiveness of patents in protecting...

We examine how political instability (PI) affects firms’ product innovation and the strategies that firms can employ in response to PI. We argue that while higher levels of PI influence firms’ innovation negatively, greater international exposure (through foreign ownership and exporting) can...

Investments in Ramp;D can influence a firm's ability to develop new products and to create and adopt innovative technologies that may enhance productivity. However, due to uncertainty regarding the outcome, investments in Ramp;D may lead to an agency problem between the owners and the managers...

This research investigates how multiple strategic orientations and strategic flexibility collectively influ-ence firm product innovation. A chain multiple mediation model with moderation is constructed thatlinks two types of strategic orientation (entrepreneurial orientation and learning...

Agile transformation is identified as a facilitator to keep pace with frequent changes within product development. Although initial research exists, the empirical literature on the implementation process of the agile approach, specifically using pilot projects as a change strategy, is scarce....