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How do geographic frictions affect firm organization? We show theoretically and empirically that geographic frictions increase the use of middle managers in multi-establishment firms. In our model, we assume that a CEO's time is a resource in limited supply, shared across headquarters and...
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product development process. HCs do not invest more into innovation, but achieve higher innovation success. The higher …
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Public financial support for firm-level Research and Innovation (R&I) can generate important socio-economic returns …. This is especially true if firms use this support to develop radical innovation, defined as new-to-market goods and … services. However, radical innovation is risky, and prone to failure. Therefore, subsidising radical innovation can also …
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workers from other firms. Based on data from the Community Innovation Survey, this paper analyses the role of different types … of intended and unintended knowledge spillovers for innovation output at the firm level. Among intended knowledge … spillovers, using knowledge from patents shows the strongest link to innovation output, particularly in case of product …
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