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Markus Grillitsch

Senior Lecturer

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

Author

  • Markus Grillitsch
  • Magnus Nilsson

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

Document type

Working paper

Publisher

Papers in Innovation Studies

Topic

  • Social Sciences

Keywords

  • firm growth
  • externalities
  • knowledge externalities
  • High Growth Firms

Status

Published