In present times, the market environment is highly competitive, volatile, and innovative. To survive and gain a competitive advantage in such market conditions, firms find it essential to revive their internal capabilities and competences regularly (Teece et al., 1997). Empirical studies have...

The spread of digital technologies changes production processes and business models, which has important effects for diversification of the economy. The fourth industrial revolution and the Industrial Internet of Things open up new opportunities for the introduction of technologies, having a...

resources to cope with issues that arise in the various stages of the innovation process. These are often lacking in private family small and medium-sized enterprises (SMEs). Such firms usually do not possess the required diversity of in-house resources and expertise, which makes it...

In times of economic downturn, entrepreneurship discourse returns to the forefront. In this context, in Brazil, there is a new economic and social phenomenon going on: street ventures as family firms. Once marginalized and normally related to informal work, now they perform activities in the...

In times of economic downturn, entrepreneurship discourse returns to the forefront. In this context, in Brazil, there is a new economic and social phenomenon going on: street ventures as family firms. Once marginalized and normally related to informal work, now they perform activities in the...

This paper assesses the extent to which cooperation impacts innovation performance of firms in rural regions characterized by a solid economic performance despite a low-technology industrial structure. Particular emphasis is placed on the spatial and functional dimension of cooperation. Generic...

This study investigates the impact of innovation support programmes on SME innovation in traditional manufacturing industries in seven EU regions. Recent literature identifying sources of potential government failure in innovation policy suggests that the effects of public support measures to...

Innovation in low-tech sectors such as food & drinks continues to be under-researched and under-theorised despite growing evidence on low and medium technology sectors' substantial contribution to economic growth in the developed countries. This attempt to build theory from case study research,...

This article examines the link between uncertainty and analysts' reaction to earnings announcements for a sample of European firms during the period 1997-2007. In the same way as Daniel et al. (1998), we posit that overconfidence leads to an overreaction to private information followed by an...

R&D encompasses plenty of activities which are usually summarized under the terms of basic research, applied research and development. Although basic research is often associated with low appropriability it provides the fundamental basis for subsequent applied research and development....

Economic growth is a key issue in economic research and a primary concern in economic policy making. After World War II, Western economies experienced historically high rates of economic growth. However, following the first oil crisis in 1973, a period of stagflation set in and in the 1980s,...

Industries have varying abilities to benefit from externalities associated with geographical concentration, and are also likely to suffer in different degrees from crowding costs. This makes industries differ in their concentration process. We hypothesize that firms with low education levels...

There is increasing evidence that the interaction between shocks and labour market institutions is crucial to understanding the dynamics of employment. In this paper, we show that the inclusion of labour adjustment costs in a trade model affects the impact of exchange rate movements on...

By means of an endogenous growth model of directed technical change with vertical and horizontal R&D, we study a transitional-dynamics mechanism that is consistent with the changes in the share of the high- versus the low-tech sectors found in recent European data. Under the hypothesis of a...

This paper discusses the link between R&D and productivity across the European industrial and service sectors. The empirical analysis is based on both the European sectoral OECD data and on a unique micro longitudinal database consisting of 532 top European R&D investors. The main conclusions...