Innovative growth : the role of market power and negative selection

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dc.contributor.authorPiekkola, Hannu
dc.contributor.authorRahko, Jaana
dc.contributor.departmentfi=Ei tutkimusalustaa|en=No platform|-
dc.contributor.facultyfi=Laskentatoimen ja rahoituksen yksikkö|en=School of Accounting and Finance|-
dc.contributor.organizationfi=Vaasan yliopisto|en=University of Vaasa|
dc.date.accessioned2020-02-18T08:08:38Z
dc.date.accessioned2025-06-25T12:30:57Z
dc.date.available2020-02-18T08:08:38Z
dc.date.issued2019-09-08
dc.description.abstractThis paper relies on register-based statistical data from Finland to measure broad research and development (R&D), organizational capital (OC) and information and communication technology (ICT) investments as innovation inputs in addition to formal survey-based R&D and CIS survey data on innovations. The linked panel data are appropriate for a comparison of low-market-share (small) and large-market-share (large) firms. We analyze the productivity growth and profitability of Finnish firms with varying market power. In contrast to high-market-share firms, low-market-share firms are characterized by low profit derived from new innovations. This study suggests that in addition to imitative growth, a ‘negative selection mechanism’ explains the high productivity growth relative to the low profits.-
dc.description.reviewstatusfi=vertaisarvioitu|en=peerReviewed|-
dc.format.bitstreamtrue
dc.format.contentfi=kokoteksti|en=fulltext|-
dc.format.extent23-
dc.format.pagerange1-22-
dc.identifier.olddbid11446
dc.identifier.oldhandle10024/10522
dc.identifier.urihttps://osuva.uwasa.fi/handle/11111/368
dc.identifier.urnURN:NBN:fi-fe202002185691-
dc.language.isoeng-
dc.publisherTaylor & Francis-
dc.relation.doi10.1080/10438599.2019.1655878-
dc.relation.ispartofjournalEconomics of innovation and new technology-
dc.relation.issn1476-8364-
dc.relation.issn1043-8599-
dc.relation.urlhttps://doi.org/10.1080/10438599.2019.1655878-
dc.rightsCC BY-NC-ND 4.0-
dc.source.identifierhttps://osuva.uwasa.fi/handle/10024/10522
dc.subjectR&D-
dc.subjectintangible capital-
dc.subjectproductivity-
dc.subject.disciplinefi=Taloustiede|en=Economics|-
dc.titleInnovative growth : the role of market power and negative selection-
dc.type.okmfi=A1 Alkuperäisartikkeli tieteellisessä aikakauslehdessä|en=A1 Peer-reviewed original journal article|sv=A1 Originalartikel i en vetenskaplig tidskrift|-
dc.type.publicationarticle-
dc.type.versionpublishedVersion-

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