Firm Growth from a Knowledge Structure Perspective

Even though there are many theories of growth of the firm, the literature has limitations in 2 interrelated aspects. Initially, empirical evidence doesn’t match well theoretical predictions. Second, the organization growth literature doesn’t deal with the structure of knowledge both in firms and sectors and also knowledge flows between them. According to existing theoretical and …

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Finance and Innovation System or Chaos

The current document talks about a significant part of the framework conditions for innovation in several European countries (France, Italy, Spain, the Netherlands, the United Kingdom) also Japan and the United States by way of a comparison of the development of the financial systems in these countries. The main objective is whether a convergence could …

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Learning and Skills in the Knowledge Economy

Knowledge and learning are widely thought to be defining options that come with the current economy. They’re a focus of intense interest amongst policy makers in addition to academics. Essential recent attempts have already been made to try and elucidate the interactions between your different types of knowledge: particularly codified knowledge (mainly know-what and know-why) …

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Production, Planning and Prices

Organizations usually do not exist because of the cost of using the price mechanism, but since they enable actions to be completed concurrently in conformity with a particular design. This concurrent co-ordination, which production demands, is different from the evolutionary coordination, which is the unintentional consequence of market transactions. The 2 processes are alternatives only …

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Knowledge Management And Knowledge Workers

The last decade has witnessed an exponential growth of curiosity about organizational learning and Knowledge Management. This comes as an all natural consequence of the more and more widespread knowledge of the knowledge-based economy as a revolutionary change in the worldwide economy. The rise of the service economy, the increasingly flow of worldwide information, and …

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Shareholder-Value Maximization and Tacit Collusion

This report demonstrates that so long as the stock market has ideal foresight, some dividends are distributed, and incentives are paid more than once or are deferred, stock-related pay packages are powerful incentives for managers to aid tacit collusive deals in repeated oligopolies. The stock marketplace anticipates the losses from punishment periods and discounts them …

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A Process Approach to Corporate Coherence

We tackle the notion of corporate coherence. Applying observations from market-process theories, we put forward a dynamic understanding of corporate coherence as relating to the corporate capacity to strike a favorable equilibrium between the production and the exploitation of latest knowledge. This issue is elaborated drawing on Austrian, evolutionary and post- Marshallian economics.

Organisational Learning in Multinationals R&D networks of Japanese and U.S. MNEs in the U.K

The institutional approach treats organisational forms and behaviour as contingent upon institutions that are durable and socially embedded and so several authors have argued that the nature and modes of operation of multinational enterprises (MNEs) vary according to their national origins… This paper examines the ways in which national patterns of organisation and innovation affect …

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Innovation, Ownership and Profitability

This paper considers the relationship between innovation, ownership and profitability for a panel of manufacturing plants in Ireland and Northern Ireland. Previous literature suggests that innovators are persistently more profitable than non-innovators, but little is known about how this link is moderated by external versus domestic ownership… We consider the link between innovation and profits …

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What qualifies as a cluster theory?

Clusters are  non-random geographical agglomerations of firms with similar capabilities. This paper investigates the theoretical backgrounds of the “cluster” and proposes a framework aiming at drawing the contour of cluster theory. The profundity of the notion of ‘clusters’ is arguably conditional on the coherence of three fundamental issues associated with the concept.. 1) the economic and …

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