The objective of this paper is to analyse the relationship between information processing needs and capabilities. Both outsourcing and diversification influence the amount and the type of investments that firms perform in information technologies. In particular, we expect more vertically desintegrated firms to be more likely to use those technologies that facilitate interorganizational communic...

Though mergers and acquisitions (M&A) are a common strategy to reduce costs and pursue growth, the variance in returns from M&A is very high. This research explores how information technology (IT) affects firms’ ability to sense and seize M&A opportunities and assimilate acquisitions. Using a combination of secondary as well as matched-pair survey data from 100 mid-size Spanish firms, the empir...

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...

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 results on that question. In the empirical analysis it turns out that the manager-led firms are more active inno...

This study explores the impact of knowledge stock and knowledge centrality, which are the two main characteristics of innovative start-ups’ entry technologies in the local knowledge base, on firms’ technological innovation and diversification. It tests the hypotheses with patent and firmlevel data of innovative start-ups in Shanghai Information Communication Technology cluster from 1985 to 2009...

This paper continues the empirical research line started by Crepon et al. (1998) about the impact of research and development on innovation and innovation on productivity of firms. In this paper we estimate a structural model using Asymptotic Least Squares (ALS) which corrects for selectivity and simultaneity biases taking in consideration the particular characteristics of the available data. W...

Unlike conventional wisdom, I find more constrained firms have significantly higher innovative efficiency (IE) measured by patent citations (or counts) per dollar of R&D (research and development). This constraints-IE relation is robust to measures of financial constraints, measures of IE, and different sets of control variables. Furthermore, this effect exists only among firms with strong mana...

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...