Markus Grillitsch
Senior Lecturer
Knowledge externalities and firm heterogeneity: Effects on high and low growth firms
Author
Summary, in English
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.
Department/s
- Department of Business Administration
- CIRCLE
- Department of Human Geography
Publishing year
2017-04-01
Language
English
Publication/Series
Papers in Innovation Studies
Volume
2017/6
Links
Document type
Working paper
Publisher
Papers in Innovation Studies
Topic
- Social Sciences
Keywords
- firm growth
- externalities
- knowledge externalities
- High Growth Firms
Status
Published