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Full-Text Articles in Business
Slack, Location, Diversification, Or R&D Intensity? How The Most (And Least) Innovative Firms Deploy Resources, Jamil Kreugel, Matthew Farrell, Chris H. Willis
Slack, Location, Diversification, Or R&D Intensity? How The Most (And Least) Innovative Firms Deploy Resources, Jamil Kreugel, Matthew Farrell, Chris H. Willis
College of Business (Strome) Posters
Firms frequently innovate by recombining knowledge components. Through bringing together diverse scientific or technological concepts, firms can reassemble these extant knowledge components into novel and useful innovations. At the same time, many of the mechanisms firms use to recombine knowledge components carry substantial agency costs. When firms conduct research and development, diversify, hold slack resources, or locate near close competitors, they become vulnerable to misappropriation of investor resources due to opportunistic actions by agents. Using patent citation data from semiconductor firms, we study how firms, which consistently produce high-quality innovations, balance the need for knowledge recombination with the need to …
Cluster Typologies And Firm Survival: Complementary And Substitutive Effects, Chris H. Willis, Matthew Farrell, Hami Usta
Cluster Typologies And Firm Survival: Complementary And Substitutive Effects, Chris H. Willis, Matthew Farrell, Hami Usta
College of Business (Strome) Posters
Agglomerations, or "clusters," are typically defined as the idea that firms can benefit from shared locations through mutual knowledge, labor pools, and suppliers, and have long been a subject of scholarly interest. However, research in geographic economics has identified a broad array of agglomeration externalities beyond such supply-side clusters, which problematizes the use of the term "cluster" to refer to any geographic grouping of firms. Clusters can be groups of firms from the same country ("country-of-origin" clusters), demand side (clustering to lower search costs for customers), Jacobsian clusters (tight groups of diverse firms), internal (groupings of firms from the same …