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This paper examines the effects of the production of major innovations and patents on various measures of corporate performance. The analysis draws on panel data for 440 UK firms over the period 1972-1982. The observed direct effects of innovations on performance are relatively small. The paper also shows that little evidence can be found on innovation spillovers, associated with the production of either innovations or patents elsewhere in each firm's two-digit industry, raising performance. The benefits from innovation are more likely to be indirect, namely for user industries. However, innovative firms seem to be less susceptible to cyclical pressures than non-innovative firms. Firms in a competitive environment also seem more likely to engage in innovative activities than other firms ...
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How do markets evolve? Why are some innovations picked up straightaway whilst others take years to be commercialized? Are there first-mover advantages? Why do we behave with 'irrational exuberance' in the early evolution of markets as was the case with the dot.com boom? Paul Geroski is a leading economist who has taught economics to business school students, managers, and executives at the London Business School. In this book he explains in a refreshingly clear style how markets develop. In particular he stresses how the early evolution of markets can significantly shape their later developmen
New products --- New products --- Technological innovations --- Marketing. --- Marketing --- Marketing
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This paper examines the effects of the production of major innovations and patents on various measures of corporate performance. The analysis draws on panel data for 440 UK firms over the period 1972-1982. The observed direct effects of innovations on performance are relatively small. The paper also shows that little evidence can be found on innovation spillovers, associated with the production of either innovations or patents elsewhere in each firm's two-digit industry, raising performance. The benefits from innovation are more likely to be indirect, namely for user industries. However, innovative firms seem to be less susceptible to cyclical pressures than non-innovative firms. Firms in a competitive environment also seem more likely to engage in innovative activities than other firms ...
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Barriers to entry (Industrial organization) --- Industrial organization (Economic theory) --- Competition --- Industrial efficiency --- Econometric models. --- 330.115.001.57 --- 658.112 --- -Competition --- -Industrial efficiency --- -Industrial organization (Economic theory) --- -Industrial economics --- Market structure --- Microeconomics --- Efficiency, Industrial --- Industrial management --- Competition (Economics) --- Competitiveness (Economics) --- Economic competition --- Commerce --- Conglomerate corporations --- Covenants not to compete --- Industrial concentration --- Monopolies --- Open price system --- Supply and demand --- Trusts, Industrial --- Entry, Barriers to (Industrial organization) --- Restraint of trade --- Trade regulation --- Diversification in industry --- Econometrische modellen. Simulatiemodellen --- Site, location, place of business --- Econometric models --- -Econometrische modellen. Simulatiemodellen --- 658.112 Site, location, place of business --- 330.115.001.57 Econometrische modellen. Simulatiemodellen --- -658.112 Site, location, place of business --- Industrial economics --- Economic aspects --- Efficiency [Industrial ] --- Barriers to entry (Industrial organization) - Econometric models. --- Industrial organization (Economic theory) - Econometric models. --- Competition - Econometric models. --- Efficiency, Industrial - Econometric models. --- Industrial efficiency - Econometric models.
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How do markets evolve? Why are some innovations picked up straightaway whilst others take years to be commercialized? Are there first-mover advantages? Why do we behave with 'irrational exuberance' in the early evolution of markets as was the case with the dot.com boom? Paul Geroski is a leading economist who has taught economics to business school students, managers, and executives at the London Business School. In this book he explains in a refreshingly clear style how markets develop. In particular he stresses how the early evolution of markets can significantly shape their later development and structure. His purpose is to show how a good grasp of economics can improve managers' business and investment decisions. Whilst using the development of the Internet as a case in point, Geroski also refers to other sectors and products, for example cars, television, mobile phones, and personal computers. This short book is an ideal introduction for managers, MBA students, and the general reader wanting to understand how markets evolve.
New products --- Technological innovations --- Marketing. --- Marketing
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Industrial management --- Industries --- Business cycles --- Recessions --- Gestion d'entreprise --- Industrie --- Cycles économiques --- Récessions
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