An Explanation of the Inverted-U Relationship between Profitability and Innovation /

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The author introduces two models of innovation that are able to explain the inverted-U relationship between profitability and innovation, along with the findings of Aghion et al. (2005) and Hashmi (2005) related to the relationship between profitability and the dispersion of productivity in the indu...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Krčál, Ondřej
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Brno : Masarykova univerzita, 2014.
Temas:
Technological innovations > Econometric models.
Competition.
Profit.
Innovations > Modèles économétriques.
BUSINESS & ECONOMICS > Industries > General.
Competition
Profit
Technological innovations > Econometric models
Acceso en línea:Texto completo
Descripción
Sumario:The author introduces two models of innovation that are able to explain the inverted-U relationship between profitability and innovation, along with the findings of Aghion et al. (2005) and Hashmi (2005) related to the relationship between profitability and the dispersion of productivity in the industry. The basic model provides a simple and general explanation ofthe empirical findings. The prospect-theory model provides a more specific explanation of the empirical findings, which includes a behavioral model of managerial decision-making. He shows that both models generate realistic prediction.
Descripción Física:1 online resource (168 pages)
Bibliografía:Includes bibliographical references.
ISBN:9788021074989
8021074981
802107423X
9788021074231

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