Knowledge externalities and firm heterogeneity: Effects on high and low growth firms
(2017) In Papers in Innovation Studies 2017/6.- Abstract
- Knowledge externalities affect high and low growth firms differently. The 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 claims that high growth firms are in a better position to identify, attract, and integrate knowledge, thereby benefiting more from knowledge externalities than low growth firms. Based on 188,936 observations of 32,736 Swedish firms from 2004 to 2011, it is analyzed whether knowledge centers 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/67faae53-1a9f-454d-b9a9-71293728351d
- author
- Grillitsch, Markus LU and Nilsson, Magnus LU
- organization
- publishing date
- 2017-04-01
- type
- Working paper/Preprint
- publication status
- published
- subject
- keywords
- firm growth, externalities, knowledge externalities, High Growth Firms
- in
- Papers in Innovation Studies
- volume
- 2017/6
- publisher
- Papers in Innovation Studies
- language
- English
- LU publication?
- yes
- id
- 67faae53-1a9f-454d-b9a9-71293728351d
- alternative location
- http://wp.circle.lu.se/upload/CIRCLE/workingpapers/201706_grillitsch_et_al.pdf
- date added to LUP
- 2017-05-28 09:14:18
- date last changed
- 2018-11-22 14:28:37
@misc{67faae53-1a9f-454d-b9a9-71293728351d, abstract = {{Knowledge externalities affect high and low growth firms differently. The 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 claims that high growth firms are in a better position to identify, attract, and integrate knowledge, thereby benefiting more from knowledge externalities than low growth firms. Based on 188,936 observations of 32,736 Swedish firms from 2004 to 2011, it is analyzed whether knowledge centers enable high growth firms to surge ahead or low growth firms to catch up.<br/>}}, author = {{Grillitsch, Markus and Nilsson, Magnus}}, keywords = {{firm growth; externalities; knowledge externalities; High Growth Firms}}, language = {{eng}}, month = {{04}}, note = {{Working Paper}}, publisher = {{Papers in Innovation Studies}}, series = {{Papers in Innovation Studies}}, title = {{Knowledge externalities and firm heterogeneity: Effects on high and low growth firms}}, url = {{http://wp.circle.lu.se/upload/CIRCLE/workingpapers/201706_grillitsch_et_al.pdf}}, volume = {{2017/6}}, year = {{2017}}, }