Matches in SemOpenAlex for { <https://semopenalex.org/work/W1594327302> ?p ?o ?g. }
- W1594327302 abstract "One need only look at the list of the world's most valuable firms, including Apple Inc. and Microsoft, to understand that there is a link between innovation and success. However, little has been done to explore why some firms are more innovative. In this thesis we explore one possible reason that some firms are more innovative than others: innate ability. The first essay explores the importance of abilities on the innovative process, defined as a firm's ability to spot and implement new technologies. We observe that if the more able firm possesses both an ability and timing advantage, it always becomes the dominant firm. However, if an ex ante low ability firm has an investment timing advantage it can become the ex post market leader if and only if the a priori ability gap is not too large. The second essay analyses whether a firm's incentive to agglomerate, when research spillovers are location based, survives the existence of asymmetric abilities which may generate heterogeneous unit costs. First, we find that agglomeration is never optimal, not even when the firms are symmetric, due to the threat of rapidly escalating of price competition. Second, where a firm is better able to both reduce its own costs and assimilate a rival's economic knowledge, it becomes more aggressive in terms of both location and investment, leading to increasingly asymmetric outcomes. The third essay examines the impact abilities have on venture capital funding. Specifically, we consider the impact of venture capital from the firms' perspectives. We find evidence of both a direct and indirect impact of venture capital. Furthermore, we find that the commonly held assertion that venture capital spurs success is too vague. Instead, venture capital only spurs innovation amongst the lucky, chosen few, but unambiguously suppresses innovation of non-VC-backed firms." @default.
- W1594327302 created "2016-06-24" @default.
- W1594327302 creator A5079217948 @default.
- W1594327302 date "2013-09-01" @default.
- W1594327302 modified "2023-09-23" @default.
- W1594327302 title "Innovation by asymmetric firms" @default.
- W1594327302 cites W1488229666 @default.
- W1594327302 cites W1515341384 @default.
- W1594327302 cites W1519847270 @default.
- W1594327302 cites W1543253244 @default.
- W1594327302 cites W1554543015 @default.
- W1594327302 cites W1555511888 @default.
- W1594327302 cites W1561945930 @default.
- W1594327302 cites W1564959906 @default.
- W1594327302 cites W1587350794 @default.
- W1594327302 cites W1595017779 @default.
- W1594327302 cites W1768714312 @default.
- W1594327302 cites W1965816344 @default.
- W1594327302 cites W1966598925 @default.
- W1594327302 cites W1972763938 @default.
- W1594327302 cites W1977220653 @default.
- W1594327302 cites W1977974033 @default.
- W1594327302 cites W1978369028 @default.
- W1594327302 cites W1984446366 @default.
- W1594327302 cites W1991934116 @default.
- W1594327302 cites W1995503011 @default.
- W1594327302 cites W1999201455 @default.
- W1594327302 cites W2001537436 @default.
- W1594327302 cites W2003756880 @default.
- W1594327302 cites W2014974770 @default.
- W1594327302 cites W2019127933 @default.
- W1594327302 cites W2020153374 @default.
- W1594327302 cites W2023245676 @default.
- W1594327302 cites W2025501185 @default.
- W1594327302 cites W2026719380 @default.
- W1594327302 cites W2027414895 @default.
- W1594327302 cites W2031877412 @default.
- W1594327302 cites W2036454494 @default.
- W1594327302 cites W2038415997 @default.
- W1594327302 cites W2041752949 @default.
- W1594327302 cites W2041905876 @default.
- W1594327302 cites W2043610329 @default.
- W1594327302 cites W2049152959 @default.
- W1594327302 cites W2052864322 @default.
- W1594327302 cites W2061017563 @default.
- W1594327302 cites W2061467999 @default.
- W1594327302 cites W2061996684 @default.
- W1594327302 cites W2067827947 @default.
- W1594327302 cites W2070961422 @default.
- W1594327302 cites W207308276 @default.
- W1594327302 cites W2075830349 @default.
- W1594327302 cites W2083472280 @default.
- W1594327302 cites W2086637488 @default.
- W1594327302 cites W2094541112 @default.
- W1594327302 cites W2101582848 @default.
- W1594327302 cites W2104904518 @default.
- W1594327302 cites W2110603922 @default.
- W1594327302 cites W2112541754 @default.
- W1594327302 cites W2116507161 @default.
- W1594327302 cites W2134305414 @default.
- W1594327302 cites W2139984237 @default.
- W1594327302 cites W2139988172 @default.
- W1594327302 cites W2140447488 @default.
- W1594327302 cites W2159557375 @default.
- W1594327302 cites W2165429918 @default.
- W1594327302 cites W2165946093 @default.
- W1594327302 cites W2166255197 @default.
- W1594327302 cites W2168879783 @default.
- W1594327302 cites W2522283783 @default.
- W1594327302 cites W3087190043 @default.
- W1594327302 cites W3121148017 @default.
- W1594327302 cites W3121167224 @default.
- W1594327302 cites W3121343869 @default.
- W1594327302 cites W3121349919 @default.
- W1594327302 cites W3121453390 @default.
- W1594327302 cites W3121648395 @default.
- W1594327302 cites W3121982835 @default.
- W1594327302 cites W3123454228 @default.
- W1594327302 cites W3123711331 @default.
- W1594327302 cites W3123831350 @default.
- W1594327302 cites W3124069535 @default.
- W1594327302 cites W3124297341 @default.
- W1594327302 cites W3124616546 @default.
- W1594327302 cites W3124644567 @default.
- W1594327302 cites W3124671214 @default.
- W1594327302 cites W3124822810 @default.
- W1594327302 cites W3124869634 @default.
- W1594327302 cites W3125402375 @default.
- W1594327302 cites W3125769017 @default.
- W1594327302 cites W3125783293 @default.
- W1594327302 cites W3125862802 @default.
- W1594327302 cites W3143413901 @default.
- W1594327302 cites W3124497598 @default.
- W1594327302 hasPublicationYear "2013" @default.
- W1594327302 type Work @default.
- W1594327302 sameAs 1594327302 @default.
- W1594327302 citedByCount "0" @default.
- W1594327302 crossrefType "dissertation" @default.
- W1594327302 hasAuthorship W1594327302A5079217948 @default.
- W1594327302 hasConcept C10138342 @default.