| 1. |
- Andersson, Martin, et al.
(author)
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Characteristics and performance of new firms and spinoffs in Sweden
- 2013
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In: Industrial and Corporate Change. - : Oxford Univ Press. - 0960-6491 .- 1464-3650. ; 22:1
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Journal article (peer-reviewed)abstract
- We analyse the rate of formation, the characteristics, and the performance of different types of new firms in Sweden over a decade. Comparisons with Denmark, Brazil, and the United States suggest that the environment for new firm formation in Sweden is not markedly different than elsewhere. In line with previous studies, spin-offs of incumbents perform better than other types of new firms, particularly if their parent firm continues to operate. A novel finding is that the larger the size of their parent, the greater is the rate of employment growth of spin-offs. This contrasts sharply with findings for firms with a single owner.
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| 2. |
- Bergek, Anna, 1973-, et al.
(author)
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Is one path enough? Multiple paths and path interaction as an extension of path dependency theory
- 2014
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In: Industrial and Corporate Change. - : Oxford University Press. - 0960-6491 .- 1464-3650. ; 23:5, s. 1261-1297
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Journal article (peer-reviewed)abstract
- To explain the development of multi-technology companies and industries where several alternative technologies co-exist and interact over long periods, this article suggests an extension of path dependency theory by providing a conceptualization of the path notion that incorporates the theoretical possibility of multiple paths and path interaction. The conceptualization is applied to a patent study of three leading companies in the lighting industry: General Electric, Osram/Siemens, and Philips. The study shows technology development patterns that are characterized by strong persistence, both within each path and across the whole technology field. These results demonstrate that multiple technological paths can co-exist in companies and industries, characterized by simultaneous long-term presence of several technologies. In such cases, path interaction takes place both between co-existing paths and when new, radically different paths are created. Although further studies are needed to identify the underlying self-reinforcing mechanisms, there is a clear indication that technological path dependency is not restricted to unitary progression patterns, as implied by previous conceptualizations.
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| 3. |
- Braunerhjelm, Pontus, et al.
(author)
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Entrepreneurship, institutions, and economic dynamism : lessons from a comparison of the United States and Sweden
- 2013
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In: Industrial and Corporate Change. - : Oxford University Press (OUP). - 0960-6491 .- 1464-3650. ; 22:1, s. 107-130
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Journal article (peer-reviewed)abstract
- The purpose of the research endeavor published in this Special Section is to further our understanding of the extent, character, and orientation of entrepreneurial activity in today's wealthy countries. This is done by means of several detailed studies of institutions of particular importance for entrepreneurship and innovation-based firm growth, and its impact on the economy. All coauthors are renowned specialists in the area with deep knowledge of the pertinent institutions in Sweden and the United States, the two countries compared.
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| 4. |
- Coad, Alex, et al.
(author)
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High-growth firms : introduction to the special section
- 2014
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In: Industrial and Corporate Change. - : Oxford University Press (OUP). - 0960-6491 .- 1464-3650. ; 23:1, s. 91-112
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Journal article (peer-reviewed)abstract
- High-growth firms (HGFs) have attracted considerable attention recently, as academics and policymakers have increasingly recognized the highly skewed nature of many metrics of firm performance. A small number of HGFs drives a disproportionately large amount of job creation, while the average firm has a limited impact on the economy. This article explores the reasons for this increased interest, summarizes the existing literature, and highlights the methodological considerations that constrain and bias research. This special section draws attention to the importance of HGFs for future industrial performance, explores their unusual growth trajectories and strategies, and highlights the lack of persistence of high growth. Consequently, while HGFs are important for understanding the economy and developing public policy, they are unlikely to be useful vehicles for public policy given the difficulties involved in predicting which firms will grow, the lack of persistence in high growth levels, and the complex and often indirect relationship between firm capability, high growth, and macro-economic performance.
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| 5. |
- Coad, Alex, et al.
(author)
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Whom do high-growth firms hire?
- 2014
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In: Industrial and Corporate Change. - : Oxford University Press (OUP). - 0960-6491 .- 1464-3650. ; 23:1, s. 293-327
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Journal article (peer-reviewed)abstract
- We study employment and new hires among high-growth firms (HGFs) in the Swedish knowledge-intensive sectors 1999-2002. Using matched employer-employee data, we find that HGFs are more likely to employ young people, poorly educated workers, immigrants, and individuals who experienced longer unemployment periods. However, these patterns seem contingent on the stage of the firm's evolution. HGFs that have already realized some rapid growth are more likely to hire individuals from other firms, even though immigrants are still overrepresented among new hires. In the case of both HGF employees and HGF new hires, employment opportunities in HGFs are provided by young and small firms.
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| 6. |
- Edquist, Charles
(author)
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Design of innovation policy through diagnostic analysis: identification of systemic problems (or failures)
- 2011
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In: Industrial and Corporate Change. - : Oxford University Press (OUP). - 0960-6491 .- 1464-3650. ; 20:6, s. 1725-1753
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Journal article (peer-reviewed)abstract
- "Activities" in innovation systems are the determinants of the development and diffusion of innovations. Examples are R&D, provision of organizations and institutions, financing of innovations, incubation, etc. These activities are partly performed by private organizations and partly by public organizations, the latter performing tasks that constitute innovation policy. As a basis for innovation policy, the problems (failures) in the systems must be identified. This article focuses upon the design of innovation policy through diagnostic analysis; it provides a framework for identification of systemic problems (or failures) in innovation systems.
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| 7. |
- Ejermo, Olof, et al.
(author)
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Swedish business research productivity
- 2011
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In: Industrial and Corporate Change. - : Oxford University Press (OUP). - 0960-6491 .- 1464-3650. ; 20:4, s. 1081-1118
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Journal article (peer-reviewed)abstract
- Sweden experienced an increase in the ratio of granted patents to research and development spending (R&D) between 1989 and 1998, a period when R&D spending grew rapidly. The ratio of patents granted to R&D spending (research productivity) increased by 40% over the period, and the ratio of quality-adjusted patents to R&D exhibited an even more impressive increase of 60%. Sectors with especially high research productivity and quality-adjusted research productivity include low and medium technology manufacturing, chemicals and transportation. However, the growth in quality-adjusted research productivity was primarily generated by the high-tech pharmaceuticals and electronics industries. The service-based sectors experienced a significant increase in R&D spending over the period, but the research productivity decreased.
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| 8. |
- Gantumur, Tseveen, et al.
(author)
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Mergers & acquisitions and innovation performance in the telecommunications equipment industry
- 2012
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In: Industrial and Corporate Change. - : Oxford University Press (OUP). - 0960-6491 .- 1464-3650. ; 21:2, s. 277-314
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Journal article (peer-reviewed)abstract
- The worldwide telecommunications equipment industry has experienced an enormous number of mergers and acquisitions (M&A). This article examines the innovation determinants of M&A activity and the consequences of M&A on technological potential and innovation performance. We extend the resource-based theory in elucidating external technology sourcing and provide empirical evidence on the keen reliance of the equipment firms on M&A as a technology sourcing strategy for the period 1988–2004. Employing the matching propensity score approach, this study provides evidence that mergers realize a significant growth in the innovation performance of firms. The postmerger innovation performance, in turn, is driven by both the prior success of in-house R&D commitment and the deterioration of internal technological capabilities at acquiring firms.
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| 9. |
- Glimstedt, Henrik, et al.
(author)
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The decision to make or buy a critical technology: semiconductors at Ericsson, 1980–2010
- 2010
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In: Industrial and Corporate Change. - : Oxford University Press (OUP). - 0960-6491 .- 1464-3650. ; 19:2, s. 431-464
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Journal article (peer-reviewed)abstract
- This article considers the decisions to outsource and re-integrate the development of critical and innovative technologies. It documents a historical sequence of choices made by strategists within a high-tech company, Ericsson. The evidence discussed indicates that a broad range of different factors were taken into consideration and that the influential people made a point of running different kinds approaches to outsourcing in parallel. Re-integration occurred when the structures put in place by collaborating firms did not sustain innovation.
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| 10. |
- Moretti, Enrico, et al.
(author)
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Local multipliers and human capital in the United States and Sweden
- 2013
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In: Industrial and Corporate Change. - : Oxford University Press (OUP). - 0960-6491 .- 1464-3650. ; 22:1, s. 339-362
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Journal article (peer-reviewed)abstract
- We show that every time a local economy generates a new job by attracting a new business in the traded sector, a significant number of additional jobs are created in the non-traded sector. This multiplier effect is particularly large for jobs with high levels of human capital and for high-technology industries. These findings are important for local development policies, as they suggest that to increase local employment levels, municipalities should target high-technology employers with high levels of human capital.
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