publication . Article . 1999

The Organizational Impact of Technological Change: A Comparative Theory of National Institutional Factors

H. Chesbrough;
Open Access
  • Published: 01 Sep 1999 Journal: SSRN Electronic Journal (eissn: 1556-5068, Copyright policy)
  • Publisher: Elsevier BV
Abstract
This paper offers a parsimonious theory of national institutional factors that promote or inhibit the formation of start-up firms in the USA and Japan. Three factors are proposed: the technical labor market, the venture capital market and the structure of buyer-supplier ties. Complementarities between these factors cause them to work as a system, while their differences elevate or reduce the level of incentive constraints and appropriability constraints acting on incumbent and start-up firms respectively. As a result, incumbents might be displaced in an industry in one country while incumbent firms in the same industry in another country might persevere, due to ...
Powered by OpenAIRE Research Graph
Any information missing or wrong?Report an Issue