We document the process of strategic renewal of organizations through niche pioneering and new product development in a population of firms. Our main finding is that market pioneering capabilities routinized through product customization efforts lead to continued survival of firms in industries composed of niches. In addition, such capabilities shield firms operating in older technological traj...

Firms in Eastern Europe and Central Asia that feel their competitors pressure them to innovate are more likely to innovate than firms do not. But price competition also reduces rents—and therefore the resources that firms have to invest. This paper assesses how competition policy affects these two different aspects of competition and how each affect innovation. It finds that enforcing competiti...

Using data on listed and unlisted firms in the U.K., this study documents systematic changes of profitability with age. In their early years, firms realize substantial profitability increases, on average, while mature firms face slow declines in profitability. A model of endogenous profitability changes arising from product development captures this pattern. Investment in product development ge...

The Internet has accelerated the capability of firms to coordinate processes and personnel across organizational and geographic boundaries, which has in turn facilitated a dramatic increase in globalization. This globalization includes the development of new multinationals from emerging economies that are challenging developed-economy firms. This paper investigates how firms use the Internet to...

Prior internationalization process theory has typically focused on how firms learn from foreign experience. We model, in addition, how firms identify and select valuable expansion opportunities. More specifically, we develop theory and hypotheses on how internationalizing firms travel through a value landscape using international joint ventures (IJVs): identifying, evaluating, and selecting min...

In the globalised era, the ability of firms to reconfigure existing competencies and create new knowledge for innovation has become a strategically important capability. In the emerging environment, firms will have to create knowledge for innovation by acquiring the necessary new knowledge and combining it with the existing knowledge base. This research explores the approaches used by Indian ph...

Technology absorption is critical to emerging market growth. To study this process I exploit fuel economy standards, which compel automakers to either acquire fuel efficiency technology or reduce vehicle quality. With novel, unique data on the Chinese auto market between 1999 and 2012, I evaluate the effect of China’s 2009 fuel economy standards on firms’ vehicle characteristic choices. Through...

emergence of new communication technologies made media industry available for small and entrepreneur media firms to enter venue, while before them the arena belonged to big media companies. now media industry includes a lot of small enterprises which market now innovations, even with limited resources, thanks to these new technologies. the same trend occurred in iranian media market too, but de...

The economics of small group insurance makes offering health benefits to employees a risky business. Surveys of employers from 1989 to 2003 reveal that more rapid premium increases are forcing small firms to impose higher cost-sharing. In 2003, premiums for small firms (3-199 workers) increased 15.5 percent, outpacing the 13.2 percent increase for large firms (200+ workers). From 2000 to 2003, ...