| 1. |
- Anokhin, Sergey, et al.
(författare)
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Measuring technological arbitrage opportunities : methodological implications for industry analysis with time series data
- 2017
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Ingår i: Industrial and Corporate Change. - : Oxford University Press. - 0960-6491 .- 1464-3650. ; 26:6, s. 1021-1038
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Tidskriftsartikel (refereegranskat)abstract
- We examined 26 industries to estimate the amount of technological arbitrage opportunity available to a typical firm. By presenting a novel way of treating time series data that combine the properties of intertemporal and sequential production frontiers, we analyze 10,650 firm-year observations for the years from 1999 to 2003. We report calculations and our empirical estimates of arbitrage opportunities for possible use by other scholars who would like to utilize arbitrage opportunities in their research and discuss implications
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| 2. |
- Björkdahl, Joakim, 1975, et al.
(författare)
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Exploiting the control revolution by means of digitalization: Value creation, value capture, and downstream movements
- 2019
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Ingår i: Industrial and Corporate Change. - Oxford : Oxford University Press (OUP). - 1464-3650 .- 0960-6491. ; 28:3, s. 423-436
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Tidskriftsartikel (refereegranskat)abstract
- This article explains why firms move downstream to profit from the value they create for customers through improved control. Under certain circumstances, product innovations and services are dynamically interdependent in the sense of improved control creating value for the customer. Since value capture is distinct from value creation, firms may need to change their means of appropriation to profit. Empirically, the article analyses how firms can renew their product offerings by incorporating control technologies into their traditional mechanical engineering products. In contrast to a strand in the recent strategy literature that argues that manufacturing firms should move downstream to deliver complementary services, this article explains these shifts as related to increased control, economies of throughput, value creation, and value capture. The article contributes to the throughput and control technology literature by showing the importance of differentiating value creation from value capture. The increased control by means of digitalization and the discrepancy between value creation and value capture explains why many manufacturing firms will become service firms.
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| 3. |
- Blomkvist, Katarina, 1980-, et al.
(författare)
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Who is in and who is out? : Integration of technological knowledge in the multinational corporation
- 2019
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Ingår i: Industrial and Corporate Change. - : OXFORD UNIV PRESS. - 0960-6491 .- 1464-3650. ; 28:3, s. 437-457
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Tidskriftsartikel (refereegranskat)abstract
- This article concerns the integration of technological knowledge within multinational corporations (MNCs). We empirically investigate the degree of technological knowledge integration of competence-creating subsidiaries with headquarters and sister subsidiaries and explore the effects of intersubsidiary differentiation. Data on the complete US patenting activity of 22 Swedish multinationals from 1893 to 2008 reveal significant differences in degrees of technological knowledge integration. As expected, the results show that greenfield subsidiaries are more integrated with headquarters and other greenfield subsidiaries than with acquired subsidiaries. In contrast, acquired subsidiaries do not appear to be as easily integrated into the MNC, and for this group the empirical evidence shows very little integration of technological knowledge. The findings provide extended insights into the role of competence-creating subsidiaries as providers of technological knowledge to headquarters and other MNC subsidiaries, and suggest a distinct pattern of subsidiary knowledge integration, ordered by what appears to be in-groups and out-groups, that has been overlooked in the prior MNC literature.
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| 4. |
- Bornhäll, Anders, 1984-, et al.
(författare)
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Employment protection legislation and firm growth : evidence from a natural experiment
- 2017
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Ingår i: Industrial and Corporate Change. - : Oxford University Press. - 0960-6491 .- 1464-3650. ; 26:1, s. 169-185
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Tidskriftsartikel (refereegranskat)abstract
- A Swedish reform in 2001 made it possible for firms with less than 11 employees to exclude two from the last-in-first-out principle in case of layoffs. The reform increased employment growth with over 4000 additional jobs per year among firms with five to nine employees. Firms with 10 employees became 3.4 percentage points less likely to increase their workforce, indicating that the introduced threshold kept them from growing. Thus, employment protection legislation seems to act as a growth barrier for small firms.
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| 5. |
- Boschma, Ron
(författare)
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Do spinoff dynamics or agglomeration externalities drive industry clustering? A reappraisal of Steven Klepper's work
- 2015
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Ingår i: Industrial and Corporate Change. - : Oxford University Press (OUP). - 0960-6491 .- 1464-3650. ; 24:4, s. 859-873
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Tidskriftsartikel (refereegranskat)abstract
- Steven Klepper's theory of industry clustering based on organizational reproduction and inheritance through spinoffs challenged the Marshallian view on industry clustering. This article provides an assessment of Klepper's theoretical and empirical work on industry clustering. We explore how "new" his spinoff theory on industry clustering was, and we investigate the impact of Klepper's theory on the economic geography community. Klepper's work has inspired especially recent literature on regional branching that argues that new industries grow out of and recombine capabilities from local related industries. Finally, the article discusses what questions on industry location are still left open or in need of more evidence in the context of Klepper's theory.
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| 6. |
- Boschma, Ron, et al.
(författare)
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Relatedness and technological change in cities: the rise and fall of technological knowledge in US metropolitan areas from 1981 to 2010
- 2015
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Ingår i: Industrial and Corporate Change. - : Oxford University Press (OUP). - 0960-6491 .- 1464-3650. ; 24:1, s. 223-250
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Tidskriftsartikel (refereegranskat)abstract
- This article investigates by means of US Patent and Trademark Office (USPTO) patent data whether technological relatedness at the city level was a crucial driving force behind technological change in 366 US cities from 1981 to 2010. Based on a three-way fixed-effects model, we find that the entry probability of a new technology in a city increases by 30% if the level of relatedness with existing technologies in the city increases by 10%, while the exit probability of an existing technology decreases by 8%.
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| 7. |
- Ciabuschi, Francesco, 1973-, et al.
(författare)
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Knowledge sourcing from advanced markets subsidiaries : political embeddedness and reverse knowledge transfer barriers in emerging-market multinationals
- 2017
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Ingår i: Industrial and Corporate Change. - : Oxford University Press (OUP). - 0960-6491 .- 1464-3650. ; 26:2, s. 311-332
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Tidskriftsartikel (refereegranskat)abstract
- This article focuses on emerging-market multinationals and their intent to source knowledge from advanced countries. A single in-depth case study of a Chinese state-owned multinational is used to shed light on the relationship between political embeddedness and the potential to reverse knowledge transfer from advanced market subsidiaries. Specifically, we argue that a strong home-country political embeddedness enhances specific organizational barriers to reverse knowledge transfer, which undermines the strategic intent of knowledge-seeking internationalization, common to much Foreign Direct Investment (FDI) by emerging-market multinationals in recent years. This article contributes to research on knowledge sourcing within the context of south-north FDI by highlighting specific effects of political embeddedness at organizational level, which are critical for the possibilities to reverse knowledge transfer; our study is also relevant to international business, as new empirical insights related to the international organization and management of state-owned multinationals are discussed.
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| 8. |
- Colombo, Massimo, et al.
(författare)
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Open Business Model and Venture Capital Finance
- 2016
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Ingår i: Industrial and Corporate Change. - : Oxford University Press. - 0960-6491 .- 1464-3650. ; 25:2, s. 353-370
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Tidskriftsartikel (refereegranskat)abstract
- We investigate the differences in venture capital (VC) governance of investee firms with Open Business Models, specifically Open Source Software (OSS), versus closed business models. Due to OSS's pronounced complexity and uncertainty, we conjecture that VC-backed OSS firms are more frequently staged and syndicated. We present robust empirical evidence from the United States that OSS ventures have more financing rounds and are more likely to be syndicated, and mixed evidence that OSS ventures have a larger number of syndicated investors.
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| 9. |
- Czarnitzki, Dirk, et al.
(författare)
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Delay and secrecy: does industry sponsorship jeopardize disclosure of academic research?
- 2015
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Ingår i: Industrial and Corporate Change. - : Oxford University Press (OUP). - 0960-6491 .- 1464-3650. ; 24:1, s. 251-279
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Tidskriftsartikel (refereegranskat)abstract
- The viability of modern open science norms and practices depend on public disclosure of new knowledge, methods, and materials. Aggregate data from the OECD show a broad shift in the institutional financing structure that supports academic research from public to private sponsorship. This article examines the relationship between industry sponsorship and restrictions on disclosure using individual-level data on German academic researchers. Accounting for self-selection into extramural sponsorship, our evidence strongly supports the perspective that industry sponsorship jeopardizes public disclosure of academic research.
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| 10. |
- Daunfeldt, Sven-Olov, 1970-, et al.
(författare)
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Are high-growth firms overrepresented in high-tech industries?
- 2016
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Ingår i: Industrial and Corporate Change. - : Oxford University Press. - 0960-6491 .- 1464-3650. ; 25:1, s. 1-21
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Tidskriftsartikel (refereegranskat)abstract
- It is frequently argued that policymakers should target high-tech firms, i.e., firms with high R&D intensity, because such firms are considered more innovative and therefore potential fast-growers. This argument relies on the assumption that the association among high-tech status, innovativeness, and growth is actually positive. We examine this assumption by studying the industry distribution of high-growth firms (HGFs) across all four-digit NACE industries, using data covering all limited liability firms in Sweden during the period 1997-2008. The results of fractional logit regressions indicate that industries with high R&D intensity, ceteris paribus, can be expected to have a lower share of HGFs than can industries with lower R&D intensity. The findings cast doubt on the wisdom of targeting R&D industries or subsidizing R&D to promote firm growth. In contrast, we find that HGFs are overrepresented in knowledge-intensive service industries, i.e., service industries with a high share of human capital.
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