This paper develops a theory which investigates how firms’ choice of corporate organization is affecting firm performance and the nature of competition in international markets. We develop a model in which firms’ organisational choices determine heterogeneity across firms in size and productivity in the same industry. We then incorporate these organisational choices in a Krugman cumMelitz and O...

This paper addresses an answer to the research question: does entrepreneurship education lead to establishment of new firms?. The research in the paper was based on a survey with a questionnaire and the questionnaire was sent to two different groups of respondents, a Respond group (who had completed an entrepreneurship education) and a Control group (who had not passed an entrepreneurship educa...

This paper proposes a new empirical approach to assess the impact of knowledge spillovers on firms' productivity and demand. I consider a model where process innovations spillovers to other firms raise firms relative efficiency and technological diffusion of product innovations enhances firms' demand. By modelling knowledge capital as a function of own investment in R\&D and spillovers, I can c...

This paper reveals a new theoretical implication of the credit channel of monetary policy: the stock prices of financially more constrained firms are less responsive to monetary policy shocks. In order to study this implication, we use Enron scandal as an exogenous increase in the monitoring cost of the Arthur Andersen clients relative to other firms. We find that Arthur Andersen clients’stock ...

Economists have become increasingly frustrated with the textbook model of the firm. The "firm" of intermediate microeconomics is a production function, a mysterious "black box" whose insides are off-limits to respectable economic theory (relegated instead to the lesser disciplines of management, organization theory, industrial psychology, and the like). Though useful in certain contexts, the te...

new technologies are considered as important sources for entrepreneurial activities due to their vital role in creating and developing the old markets. these technologies are of paramount importance, particularly in high-tech and digital industries. artificial intelligence (ai) is a u turn in high tech and computer industries. since this issue has not sufficiently been explored in the existing ...

We exploit rich information on the geographic, product and trader characteristics of Chinese exports between 1997-2003 to examine how evolution in the city-industry presence of multinational firms influenced the quality, frequency and survival of new export transactions by private Chinese firms. Our analysis finds that increased contact with own-industry multinational firms was associated with ...

New industries sparked by technological change are characterized by high uncertainty. In this paper, we explore how a firm’s conceptualization of products in this context, as reflected by product feature choices, is influenced by prior industry affiliation. We study digital cameras introduced from 1991–2006 by firms from three prior industries. We hypothesize and find that: (1) prior industry e...

This paper considers the effect of different firm leadership on the innovative performance of firms from seven EU countries. We investigate whether owner-led or manager-led firms achieve a larger share of their turnover with product innovations. Economic theory does not propose clear answers to this question. In the empirical analysis, it turns out that the manager-led firms are more active inn...

Growth is an important consideration in any business and more so for entrepreneurial firms. Many fast growth firms are considered entrepreneurial and pursue growth using innovative strategies (Das & He, 2006; Larson, 1992). However, there is anecdotal evidence that some firms achieve growth because of favourable circumstances such as being in the right industry at the right time. The purpose of...