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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. 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.

Department/s

  • Department of Business Administration
  • CIRCLE
  • Department of Human Geography

Publishing year

2019

Language

English

Pages

93-114

Publication/Series

Papers in Regional Science

Volume

98

Issue

1

Document type

Journal article

Publisher

Wiley-Blackwell

Topic

  • Business Administration

Keywords

  • competitiveness
  • knowledge spillovers
  • core-periphery
  • firm growth
  • externalities

Status

Published

ISBN/ISSN/Other

  • ISSN: 1056-8190