Recent research has led to the empirical regularity that rm growth rate distributionsare heavy tailed. This nding implies that a few rms experience spectaculargrowth rates and decline, but that most rms have marginal growth rates. The literatureon high growth rms shows that high growth rms are...

Stock option grants to top managers have largely contributed to the dramatic increase in US executive pay in recent years. In this paper it is argued that stock options, compared to other forms of compensation, have created strong incentives for managers to engage in lobbyingactivities for...

The aim of this paper is to analyse the effects of knowledge management on theinnovation success of firms in Germany. Using a matching procedure on data from theGerman Innovation Survey of 2003 (“Mannheim Innovation Panel”), we pair firmsapplying knowledge management with twin firms with...

Innovationen bilden ein wirksames Instrument zur Steigerung der Wettbewerbsfähigkeit eines Unternehmens. Sie werden durchgeführt, indem nacheinander die Aufgaben der Ideensuche, Ideenentwicklung, Produktion der ersten Serie und der Markteinführung abgearbeitet werden. Die dafür geeignete...

The main objective of this study is to investigate the impact of corporate R&D activities onfirms’ performance, measured by labour productivity. To this end, the stochastic frontiertechnique is applied, basing the analysis on a unique unbalanced longitudinal datasetconsisting of 532 top...

In this paper, we investigate how changes in the skill mix of local labor supply are absorbedby the economy. We distinguish between three adjustment mechanisms: through factorprices, through an expansion in the size of those production units that use the moreabundant skill group more...

This paper presents a framework to analyze the potential changes in transaction costs due to theintroduction of e-commerce on transactions between businesses. It then illustrates and applies thisframework using internal data from an Internet-based firm to measure process improvements,marketplace...

This paper develops a fully-endogenous, variety-expansion growth model with firm-specific quality heterogeneity, limit pricing, and an endogenous distribution of markups.Trade induces only firms with high-quality products to export, whereas firms with low-quality products serve only the domestic...

Research and Development (R&D) and innovation are crucial features of the seed industry. To supportlarge R&D investments by the private sector, strong intellectual property rights, such as patents, arenecessary. The exclusivity granted by patents naturally creates market power positions and...

This study explicitly takes into account that the decision to enter into an external R&D relationship is related to an antecedent decision to carry out R&D. This calls for a methodological approach that, at the same time, permits the joint analysis of the determinants of the two decisions and...