An Explanation of the Inverted-U Relationship between Profitability and Innovation
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...
| Autor principal: | |
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| Formato: | Libro electrónico |
| Idioma: | Inglés |
| Publicado: |
Brno :
Masarykova univerzita
2014.
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| Colección: | EBSCO Academic eBook Collection Complete.
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| Acceso en línea: | Conectar con la versión electrónica |
| Ver en Universidad de Navarra: | https://innopac.unav.es/record=b37532339*spi |
| 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. |
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| Descripción Física: | 168 p. |
| Formato: | Forma de acceso: World Wide Web. |
| ISBN: | 9788021074989 |
