Schumpeterian incumbents and industry evolution

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• 作者：Guido Buenstorf
• 关键词：Incumbents ; Innovation ; Diversification ; Spin ; offs ; Acquisitions ; Basic research
• 刊名：Journal of Evolutionary Economics
• 出版年：2016
• 出版时间：October 2016
• 年：2016
• 卷：26
• 期：4
• 页码：823-836
• 全文大小：328 KB
• 刊物主题：Economic Theory; Microeconomics; Economic Growth; R & D/Technology Policy; Entrepreneurship;
• 出版者：Springer Berlin Heidelberg
• ISSN：1432-1386
• 卷排序：26

文摘

This essay explores the role of established firms in the evolution of innovative industries. Both direct and indirect contributions are discussed. Besides innovation in their own industries, established firms are often among the pioneering entrants into related markets. They enable spin-off entrepreneurship and provide exit options for startups through acquisition. Furthermore, established firms help shape and directly support public research activities. The multiple roles of established firms, their interaction with new entrants in the innovation process, and the dynamics on industry evolution in an increasingly globalized world are not sufficiently well understood.