We propose a model where both R&D and ICT investment feed into a system of three innovation output equations (product, process and organizational innovation), which ultimately feeds into a productivity equation. We find that ICT investment and usage are important drivers of innovation in both...

External knowledge acquisition represents a precondition for firms’ competitive advantage. However, young firms find it particularly difficult to gain access to external sources of knowledge: young firms suffer from a liability of newness by exhibiting significantly lower propensities to...

Despite the ubiquitous proliferation and importance of Enterprise Systems (ES), little research exists on their post-implementation impact on firm performance, especially in Europe. This paper provides representative, large-sample evidence on the differential effects of different ES types on...

In this paper the use of the term “resilience” is discussed and a definition for use in quantitative studies of industrial evolution is suggested. Resilience is the ability of an industry in a region to exploit the possibilities arising from external events and adapt to thrive under new...

The aim of the paper is to investigate the effect of previous co-worker experience on the survival of new established firms. For the empirical analysis I use the Danish Integrated Database of Labor Market Research (IDA). This longitudinal employer-employee database allows me to identify...

Managers at firms facing uncertain competing technologies evolving concurrently face a complex decision set, including options to invest in one technology or other, both technologies, or to wait to invest. This study investigates the role that experience, learning and timing play in affecting...

This paper takes as its starting point an item of relatively recent academic orthodoxy: the insistence that ‘…interactive learning and collective entrepreneurship are fundamental to the process of innovation’ (Lundvall, 1992, p. 9). From this, academics have frequently taken...

We examine how information technology (IT) influences asset ownership through its impact on firms’ and agents’ capabilities. In particular, we propose that when IT is a substitute for agents’ industry-specific human capital, IT adoption leads to increased vertical integration. We test this...

This paper focuses on the impact of EU-funded collaborative research networks at a national level using a combined method approach, social network analysis and in-depth case study work. First, it examines the participation intensity and role of the Greek organizations in the research network...

Europe is perceived to be lagging behind the US in converting its academic results into economic outcomes. Using new survey data on European and US Technology Transfer Offices (TTOs), we find that differences in academic research, TTO staff and experience explain to a great extent the gap...