Innovation by Heterogeneous Leaders
Innovation by Heterogeneous Leaders
复制标题
异质领导者的创新
DOI:
10.1111/sjoe.12347
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发表时间:
2019
期刊:
影响因子:
--
通讯作者:
Ohki Kazuyoshi
中科院分区:
文献类型:
--
作者:
Iwaisako Tatsuro;Ohki Kazuyoshi
We develop a Schumpeterian growth model in which leaders and followers conduct research and development (R&D) activities and in which leaders have different‐sized quality leads over their followers, and thus have different profit flows. We show that leaders with larger quality leads make smaller R&D investments; this result is consistent with the actual behaviors of some previous leader firms, such as Sony and Eastman–Kodak. Moreover, we show that subsidizing the R&D of followers can promote the aggregate R&D of leaders, because promotion of followers' R&D decreases (increases) the number of leaders with larger (smaller) quality leads and smaller (larger) R&D investments.
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