Advanced

Knowledge externalities and firm heterogeneity: Effects on high and low growth firms

Grillitsch, Markus LU and Nilsson, Magnus LU (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:
author
organization
publishing date
type
Working Paper
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
2017-06-12 09:40:51
@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},
  keyword      = {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},
  volume       = {2017/6},
  year         = {2017},
}