In this paper we consider why firms sometimes choose an external development path for their own inventions, despite the costs of contracting and the risks of opportunistic behaviour and expropriation. We model the probability that firms adopt an external development strategy using survey data...

High neonatal mortality is one of the most salient 'facts' about firm performance in the industrial organisation literature. We model firm survival and examine the relative influence of firm, industry and macroeconomic factors on survival for new vis-à-vis incumbent firms in Australia. In...

A challenge for applied studies of innovation is to find quality-adjusted and unbiased measures for the extent of innovative activity in firms. This paper considers, in the light of the uses for these measures, how well we expect these common firm-level indicators quantify innovative services...