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We relate innovation to sales growth for incumbent firms in high-tech sectors. A firm, on average, experiences only … returns to innovation are highly skewed and that growth rates distributions are heavy-tailed, it may be misleading to use … that innovation is of crucial importance for a handful of superstar fast-growth firms. We also discuss policy implications …
Persistent link: https://www.econbiz.de/10010328389
This paper is an empirical test of the hypothesis that the appropriateness of different business strategies is conditional on the firm's distance to the industry frontier. We use data on four 2-digit high-tech manufacturing industries in the US over the period 1972-1999, and apply...
Persistent link: https://www.econbiz.de/10010328409
This paper empirically investigates how the inter-sectoral knowledge flows affect the international competitiveness of industries, once controlling for both cost and other technological factors. Using patent data on 14 manufacturing industries in 16 OECD countries over the period 1995-2009, we...
Persistent link: https://www.econbiz.de/10012389298