This study uses multivariate analysis to assess the basic question asked by resource-based view researchers: Do organizational resources and capabilities account for variations in firm performance? An analysis of survey responses of 93 industrial enterprises in Israel indicates that superiority of an industrial enterprise, in terms of four performance measures (return on sales, return on equity...

*This is the first draft of the paper that will be the basis of the Welcome Lecture (What are advances in knowledge doing to the large industrial firm in the new economy?) on 6 June, 2002, at the DRUID Summer Conference on Industrial Dynamics of the New and Old Economy – who embraces whom?. It will subsequently be expanded into a joint paper with Nick von Tunzelmann. Comments welcome.

The theoretical model presented here describes the interactions between a concentrated industrial sector and a perfectly competitive financial system where industrial firms can issue bonds or borrow from money from the banks in order to finance their investments. It is shown that an exogenous modification in the degree of concentration in the industrial sector does not only affects the equilibr...

Agglomeration tendencies of industrial firms significantly affect the nature of tax competition. This paper analyzes tax competition between two countries over an infinite time horizon in an economy with trade costs and internationally mobile industrial firms. Most of the previous studies on tax competition in the ‘new economic geography’ framework employ static models. In this study, two gover...

Industrial pollution has remained as one of the most daunting challenges for many regions around the world. Characterizing the determinants of industrial pollution should provide important management implications. Unfortunately, due to the absence of high-quality data, rather few studies have systematically examined the locational determinants using a geographical approach. This paper aimed to ...

Keywords-business networks; communication networks; social interaction; spatial statistics; stationary point processes; economy; industrial firms; Abstract—In this paper we report evidence from the Italian industrial sectors whereby firms that buy and sell are spatially distributed with a pattern that reflects the microeconomic powers at play. The main finding is that firms are neither clustere...

B USINESS gurus point out that successful firms often carefully strategise about what to sell, where to sell, how to sell, and how and where to manufacture their goods and services. Suppose a country, drawing inspiration from such firms, were to formulate a set of economic policies to become globally competitive in leading economic sectors. How specific or encompassing would such policies be an...