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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 …
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 …
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.
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 …
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 …
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 …
Patent application numbers grow exponentially in many industries, a phenomenon that has been linked to high fragmentation of patent ownership. Contradicting these findings and theoretical arguments, we show that such fragmentation is not a precondition for sudden and strong increases in patenting. We describe and analyze a patent portfolio race in an industry with highly …
A common pattern of control in firms is for management to retain a broad set of rights, while the remaining stakeholders’ contracts provide them with targeted veto rights over specific classes of decisions. We explain this pattern of control sharing as an efficient organizational response that balances the need to encourage management to account for …
In many countries, employers usually complain that wages and labour costs are too high. Using a representative establishment data set for Germany, we show that more than 40 percent of plants covered by collective agreements pay wages above the level stipulated in the agreement, which gives rise to a wage cushion between the levels of actual …
Competition is the seedbed of the entrepreneurial spirit and the driving force of modem economies. The role of the entrepreneur in economic development is very important… In this paper the literature on entrepreneurship is summarised from the perspective of geographical seedbed conditions and network constellations. We argue that urban areas offer favourable incubator conditions for …