An Explanation of the Inverted-U Relationship between Profitability and Innovation

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Publisher : Masarykova univerzita
ISBN 13 : 8021074981
Total Pages : 168 pages
Book Rating : 4.0/5 (21 download)

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Book Synopsis An Explanation of the Inverted-U Relationship between Profitability and Innovation by : Ondřej Krčál

Download or read book An Explanation of the Inverted-U Relationship between Profitability and Innovation written by Ondřej Krčál and published by Masarykova univerzita. This book was released on 2015-01-01 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: V této knize jsou formulovány dva inovační modely, které vysvětlují vztah mezi ziskovostí a inovacemi ve tvaru obráceného U a vztahy mezi ziskovostí a rozdíly mezi produktivitou jednotlivých firem v daném odvětví, které nachází Aghion et al. (2005) a Hashmi (2005). Základní model (basic model) přináší jednoduché a obecné vysvětlení těchto stylizovaných faktů a prospektově teoretický model (prospect-theory model) předkládá specifické vysvětlení stylizovaných faktů, které obsahuje behaviorální teorii manažerského rozhodování. Pro určité hodnoty parametrů generují oba modely predikce, které odpovídají vztahům, jež nachází Aghion et al. (2005) a Hashmi (2005). Dále je zde ukázáno, že oba modely vytvářejí realistické předpovědi i pro širší rozmezí parametrů kolem těchto specifických hodnot.

Credit Constraints and the Inverted-U Relationship Between Competition and Innovation

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Credit Constraints and the Inverted-U Relationship Between Competition and Innovation by : Luigi Pisano

Download or read book Credit Constraints and the Inverted-U Relationship Between Competition and Innovation written by Luigi Pisano and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Empirical studies have uncovered an inverted-U relationship between product-market competition and innovation. This is inconsistent with the original Schumpeterian model, where greater competition always reduces the profitability of innovation and thus the incentives to innovate. We show that the model can predict the inverted-U if the innovators' talent is heterogeneous and asymmetrically observable. When competition is low and profitability is high, talented innovators are credit-constrained, since untalented innovators are eager to mimic them. As competition increases and profitability decreases, untalented innovators become less eager to mimic, and talented innovators can invest more. This generates the increasing part of the relationship. When competition is high and profitability is low, credit constraints disappear, and the relationship is decreasing. Our theory generates additional specific predictions that are well borne out by the existing evidence.

Competition and innovation : an inverted U relationship

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (67 download)

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Book Synopsis Competition and innovation : an inverted U relationship by :

Download or read book Competition and innovation : an inverted U relationship written by and published by . This book was released on 2002 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

An Inverted U Relationship Between Competition and Innovation

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Publisher :
ISBN 13 :
Total Pages : 30 pages
Book Rating : 4.:/5 (795 download)

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Book Synopsis An Inverted U Relationship Between Competition and Innovation by : Chol-Won Li

Download or read book An Inverted U Relationship Between Competition and Innovation written by Chol-Won Li and published by . This book was released on 2007 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Reconciling the Original Schumpeterian Model with the Observed Inverted-U Relationship Between Competition and Innovation

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Publisher :
ISBN 13 :
Total Pages : 35 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Reconciling the Original Schumpeterian Model with the Observed Inverted-U Relationship Between Competition and Innovation by : Roberto Bonfatti

Download or read book Reconciling the Original Schumpeterian Model with the Observed Inverted-U Relationship Between Competition and Innovation written by Roberto Bonfatti and published by . This book was released on 2018 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: Empirical studies have uncovered an inverted-U relationship between product-market competition and innovation. This is inconsistent with the original Schumpeterian Model, where greater competition reduces the profitability of innovation. We show that the model can predict the inverted-U if the innovators' talent is heterogenous, and privately observable. With competition low and profitability high, talented innovators are credit constrained, since others are eager to mimic them. As competition increases, the mimickers become less eager, and talented innovators can invest more. This generates the increasing part of the relationship. With competition high, talented innovators are unconstrained, and the relationship is decreasing.

Inverted-U Relationship Between Innovation and Survival

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (931 download)

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Book Synopsis Inverted-U Relationship Between Innovation and Survival by : Francesco Guidi

Download or read book Inverted-U Relationship Between Innovation and Survival written by Francesco Guidi and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Competition and Innovation

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Publisher :
ISBN 13 :
Total Pages : 45 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Competition and Innovation by : Aamir Rafique Hashmi

Download or read book Competition and Innovation written by Aamir Rafique Hashmi and published by . This book was released on 2014 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: I re-examine the inverted-U relationship between competition and innovation (originally modeled and tested by Aghion et al. (2005)) by using data from publicly traded manufacturing firms in the US. I control for the possible endogeneity of competition by using various measures of foreign competition as instruments. I find a positive relationship between competition (as measured by the inverse of markups) and innovation (as measured by citation-weighted patents). The positive relationship is robust to many alternative assumptions and specifications. To reconcile the positive relationship in the US data with the inverted-U relationship that Aghion et al. (2005) find in the UK data, I modify their theoretical model and show that the modified model can explain both positive and inverted-U relationships. The key theoretical assumption is that the US manufacturing industries are technologically more neck-and-neck than their counterparts in the UK. There is some, though not strong, support for this assumption in the data.

Managerial Strategies for Business Sustainability During Turbulent Times

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Publisher : IGI Global
ISBN 13 : 1522527176
Total Pages : 418 pages
Book Rating : 4.5/5 (225 download)

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Book Synopsis Managerial Strategies for Business Sustainability During Turbulent Times by : Leon, Ramona-Diana

Download or read book Managerial Strategies for Business Sustainability During Turbulent Times written by Leon, Ramona-Diana and published by IGI Global. This book was released on 2017-07-12 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the economy fluctuates, so does the need for resilient business practices. If organizations can remain strong and steady during difficult times, they will be more fruitful during successful periods as well. Managerial Strategies for Business Sustainability During Turbulent Times is a crucial resource that discusses successful methods and techniques for building sturdy company practices. Featuring pertinent topics such as sustainable supply chains, knowledge management, information sharing, and performance evaluations, this is an ideal scholarly reference source for CEOs, managers, business students, and researchers that would like to discover more unique and engaging ways to build a strong business foundation.

The Oxford Handbook of Corporate Law and Governance

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Publisher : Oxford University Press
ISBN 13 : 0191061409
Total Pages : 900 pages
Book Rating : 4.1/5 (91 download)

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Book Synopsis The Oxford Handbook of Corporate Law and Governance by : Jeffrey N. Gordon

Download or read book The Oxford Handbook of Corporate Law and Governance written by Jeffrey N. Gordon and published by Oxford University Press. This book was released on 2018-04-26 with total page 900 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corporate law and corporate governance have been at the forefront of regulatory activities across the world for several decades now, and are subject to increasing public attention following the Global Financial Crisis of 2008. The Oxford Handbook of Corporate Law and Governance provides the global framework necessary to understand the aims and methods of legal research in this field. Written by leading scholars from around the world, the Handbook contains a rich variety of chapters that provide a comparative and functional overview of corporate governance. It opens with the central theoretical approaches and methodologies in corporate law scholarship in Part I, before examining core substantive topics in corporate law, including shareholder rights, takeovers and restructuring, and minority rights in Part II. Part III focuses on new challenges in the field, including conflicts between Western and Asian corporate governance environments, the rise of foreign ownership, and emerging markets. Enforcement issues are covered in Part IV, and Part V takes a broader approach, examining those areas of law and finance that are interwoven with corporate governance, including insolvency, taxation, and securities law as well as financial regulation. The Handbook is a comprehensive, interdisciplinary resource placing corporate law and governance in its wider context, and is essential reading for scholars, practitioners, and policymakers in the field.

China's Rise And Internationalization: Regional And Global Challenges And Impacts

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Publisher : World Scientific
ISBN 13 : 9811212244
Total Pages : 372 pages
Book Rating : 4.8/5 (112 download)

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Book Synopsis China's Rise And Internationalization: Regional And Global Challenges And Impacts by : Filip Abraham

Download or read book China's Rise And Internationalization: Regional And Global Challenges And Impacts written by Filip Abraham and published by World Scientific. This book was released on 2020-04-15 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: 2018 marks the 40th anniversary of the start of China's reform and opening up policy, which created China's growth miracle with an annual average growth rate of around 9.5 percent. China's rapid rise and internationalization has also generated profound impacts both regionally and globally. This edited book aims to bring together academics and researchers at policy institutions to discuss ongoing research on a wide range of theoretical and empirical issues related to China's rapid rise and internationalization from both regional and global perspectives.

Regulating Data Monopolies

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Publisher : Springer Nature
ISBN 13 : 9811687668
Total Pages : 252 pages
Book Rating : 4.8/5 (116 download)

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Book Synopsis Regulating Data Monopolies by : Jingyuan Ma

Download or read book Regulating Data Monopolies written by Jingyuan Ma and published by Springer Nature. This book was released on 2022-01-24 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyzes the business model of enterprises in the digital economy by taking an economic and comparative perspective. The aim of this book is to conduct an in-depth analysis of the anti-competitive behavior of companies who monopolize data, and put forward the necessity of regulating data monopoly by exploring the causes and characteristics of their anti-competitive behavior. It studies four aspects of the differences between data monopoly and traditional monopolistic behavior, namely defining the relevant market for data monopolies, the entry barrier, the problem of determining the dominant position of data monopoly, and the influence on consumer welfare. It points out the limitations of traditional regulatory tools and discusses how new regulatory methods could be developed within the competition legal framework to restrict data monopolies. It proposes how economic analytical tools used in traditional anti-monopoly law are facing challenges and how competition enforcement agencies could adjust regulatory methods to deal with new anti-competitive behavior by data monopolies.

Organizational Innovation

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Publisher : Edward Elgar Publishing
ISBN 13 : 1788117441
Total Pages : 328 pages
Book Rating : 4.7/5 (881 download)

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Book Synopsis Organizational Innovation by : Fariborz Damanpour

Download or read book Organizational Innovation written by Fariborz Damanpour and published by Edward Elgar Publishing. This book was released on 2020-06-26 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive book synthesizes research from the past 50 years of innovation studies, addressing the main elements of innovation and providing a connected perspective on innovation within organizations. It explores the generation and adoption of both technological and nontechnological innovations, offering a coherent and systematic view of the process. Insights from behavioral, economic and structure-based perspectives are used to explain existing findings and help the reader navigate current research, as well as offering ideas and frameworks to guide new studies.

Innovations in Small and Medium-Sized Family Firms

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Publisher : Springer Science & Business Media
ISBN 13 : 3658000635
Total Pages : 185 pages
Book Rating : 4.6/5 (58 download)

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Book Synopsis Innovations in Small and Medium-Sized Family Firms by : Nils Kraiczy

Download or read book Innovations in Small and Medium-Sized Family Firms written by Nils Kraiczy and published by Springer Science & Business Media. This book was released on 2013-01-04 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: ​Small and medium-sized firms are a prevalent organizational form in Germany. Their importance for the German economy is indisputable. Most of them are global market leaders in their niches and are considered to be a force for innovation in the German economy. The ability to be innovative in niche markets has been identified as the antecedent of their strong, or even dominant, competitive positions in their industries. The driver of this innovation success may well be the family, which distinguishes family firms from non-family firms. But how can a family influence innovation in a family firm and does this influence have only positive effects? This dissertation focuses on the impact of top management teams on innovations interacting with family firm-specific characteristics.

A Model of Growth Through Creative Destruction

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Publisher : London : Department of Economics, University of Western Ontario
ISBN 13 : 9780771411168
Total Pages : 0 pages
Book Rating : 4.4/5 (111 download)

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Book Synopsis A Model of Growth Through Creative Destruction by : Philippe Aghion

Download or read book A Model of Growth Through Creative Destruction written by Philippe Aghion and published by London : Department of Economics, University of Western Ontario. This book was released on 1990 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper develops a model based on Schumpeter's process of creative destruction. It departs from existing models of endogenous growth in emphasizing obsolescence of old technologies induced by the accumulation of knowledge and the resulting process or industrial innovations. This has both positive and normative implications for growth. In positive terms, the prospect of a high level of research in the future can deter research today by threatening the fruits of that research with rapid obsolescence. In normative terms, obsolescence creates a negative externality from innovations, and hence a tendency for laissez-faire economies to generate too many innovations, i.e too much growth. This "business-stealing" effect is partly compensated by the fact that innovations tend to be too small under laissez-faire. The model possesses a unique balanced growth equilibrium in which the log of GNP follows a random walk with drift. The size of the drift is the average growth rate of the economy and it is endogenous to the model ; in particular it depends on the size and likelihood of innovations resulting from research and also on the degree of market power available to an innovator.

Competition and Innovation

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Publisher :
ISBN 13 :
Total Pages : 72 pages
Book Rating : 4.:/5 (5 download)

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Book Synopsis Competition and Innovation by : Philippe Aghion

Download or read book Competition and Innovation written by Philippe Aghion and published by . This book was released on 2004 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Competition and Innovation

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (834 download)

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Book Synopsis Competition and Innovation by :

Download or read book Competition and Innovation written by and published by . This book was released on 2004 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Proceedings of the 2022 International Conference on Mathematical Statistics and Economic Analysis (MSEA 2022)

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Publisher : Springer Nature
ISBN 13 : 9464630426
Total Pages : 1514 pages
Book Rating : 4.4/5 (646 download)

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Book Synopsis Proceedings of the 2022 International Conference on Mathematical Statistics and Economic Analysis (MSEA 2022) by : Gaikar Vilas Bhau

Download or read book Proceedings of the 2022 International Conference on Mathematical Statistics and Economic Analysis (MSEA 2022) written by Gaikar Vilas Bhau and published by Springer Nature. This book was released on 2022-12-22 with total page 1514 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an open access book. 2022 International Conference on Mathematical Statistics and Economic Analysis(MSEA 2022) will be held in Dalian, China from May 27 to 29, 2022. Based on probability theory, mathematical statistics studies the statistical regularity of a large number of random phenomena, and infers and forecasts the whole. Economic development is very important to people's life and the country. Through data statistics and analysis, we can quickly understand the law of economic development. This conference combines mathematical statistics and economic analysis for the first time to explore the relationship between them, so as to provide a platform for experts and scholars in the field of mathematical statistics and economic analysis to exchange and discuss.