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

Nilsson, Magnus LU and Grillitsch, Markus LU (2017) In Papers in Regional Science
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.
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author
organization
publishing date
type
Contribution to journal
publication status
epub
subject
keywords
competitiveness, knowledge spillovers, core-periphery, firm growth, externalities
in
Papers in Regional Science
publisher
Wiley-Blackwell
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
2018-01-26 11:16:19
@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       = {Nilsson, Magnus and Grillitsch, Markus},
  issn         = {1056-8190},
  keyword      = {competitiveness,knowledge spillovers,core-periphery,firm growth,externalities},
  language     = {eng},
  month        = {12},
  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},
  year         = {2017},
}