This volume provides a collection of cross-country analysis of innovation, showing that the effects of innovation upon firms vary from one country to another. Incumbents perish in one country, while they thrive in the same industry in another country. Startups thrive in response to new...

The organizational literature documents the upheaval that incumbent firms, across numerous industries, often experience when they confront technological change. Much of this work is based on evidence drawn from US firms. A separate literature drawn from institutional economics shows that...

The organizational literature documents the upheaval that incumbent firms, across numerous industries, often experience when they confront technological change. Much of this work is based on evidence drawn from US firms. A separate literature drawn from institutional economics shows that...

This paper analyzes how U.S., Japanese, and European HDD firms responded to technological shifts in the hard disk industry from 1973 through 1996. Leading incumbent U.S. HDD firms were frequently forced out of the market. Leading Japanese incumbent firms in the same industry, however, were not...