Knowledge externalities and firm heterogeneity: Effects on high and low growth firms
(2019) In Papers in Regional Science 98(1). p.93-114- Abstract
- Knowledge externalities affect high and low growth firms differently. This paper develops two theoretical arguments. The knowledge equilibrium argument postulates that knowledge externalities weaken high growth firms for the benefit of low growth firms until performance differences vanish. The knowledge competition argument proposes that high growth firms are better positioned to identify, attract, and integrate knowledge, thereby expanding the performance gap between high and low growth firms. Based on 188,936 observations of 32,736 Swedish firms from 2004 to 2011, it is analysed whether knowledge externalities enable high growth firms to surge ahead or low growth firms to catch up.
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/c44f66d2-5cef-4cb2-b98c-8383ecd49a5d
- author
- Grillitsch, Markus LU and Nilsson, Magnus LU
- organization
- publishing date
- 2019
- type
- Contribution to journal
- publication status
- published
- subject
- keywords
- competitiveness, knowledge spillovers, core-periphery, firm growth, externalities
- in
- Papers in Regional Science
- volume
- 98
- issue
- 1
- pages
- 93 - 114
- publisher
- Wiley-Blackwell
- external identifiers
-
- scopus:85060852331
- ISSN
- 1056-8190
- DOI
- 10.1111/pirs.12342
- language
- English
- LU publication?
- yes
- id
- c44f66d2-5cef-4cb2-b98c-8383ecd49a5d
- date added to LUP
- 2017-12-16 08:57:06
- date last changed
- 2024-01-14 10:38:02
@article{c44f66d2-5cef-4cb2-b98c-8383ecd49a5d, abstract = {{Knowledge externalities affect high and low growth firms differently. This paper develops two theoretical arguments. The knowledge equilibrium argument postulates that knowledge externalities weaken high growth firms for the benefit of low growth firms until performance differences vanish. The knowledge competition argument proposes that high growth firms are better positioned to identify, attract, and integrate knowledge, thereby expanding the performance gap between high and low growth firms. Based on 188,936 observations of 32,736 Swedish firms from 2004 to 2011, it is analysed whether knowledge externalities enable high growth firms to surge ahead or low growth firms to catch up.}}, author = {{Grillitsch, Markus and Nilsson, Magnus}}, issn = {{1056-8190}}, keywords = {{competitiveness; knowledge spillovers; core-periphery; firm growth; externalities}}, language = {{eng}}, number = {{1}}, pages = {{93--114}}, publisher = {{Wiley-Blackwell}}, series = {{Papers in Regional Science}}, title = {{Knowledge externalities and firm heterogeneity: Effects on high and low growth firms}}, url = {{http://dx.doi.org/10.1111/pirs.12342}}, doi = {{10.1111/pirs.12342}}, volume = {{98}}, year = {{2019}}, }