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A new model of economic growth introduces the knowledge filter between new knowledge and economically useful knowledge. It identifies both new ventures and incumbent firms as the mechanisms that penetrate the knowledge filter. Recent empirical work has shown that new firms are more proficient at...
Persistent link: https://www.econbiz.de/10005090542
A new model of economic growth introduces the knowledge filter between new generic knowledge and economically-useful knowledge. It identifies both the formation of new ventures and the absorptive capacity of incumbent firms as the mechanisms that penetrate the knowledge filter. Recent empirical...
Persistent link: https://www.econbiz.de/10005090606
innovative inputs on a sample of 3045 manufacturing firms drawn from the third Italian Community Innovation Survey (1998 …-2000). The interactions between four different sources of innovation - internal and external R+D, embodied and disembodied … complementarity and substitutability relationships, depending both on the typology of the targeted innovation output and on the …
Persistent link: https://www.econbiz.de/10004970285
An important literature has made a fundamental link between corporate governance and corporate strategy. According to agency theory, assigning managers stock options aligns their interests with the interests of the owners of the firm. This paper suggests that this may not apply in the context of...
Persistent link: https://www.econbiz.de/10005090583