Competition, Innovation and Technology Gap

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F10%3A00044870" target="_blank" >RIV/00216224:14560/10:00044870 - isvavai.cz</a>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Competition, Innovation and Technology Gap

Popis výsledku v původním jazyce

In this paper, we present a prospect theoretical model of managerial decision that explains the inverted-U relationship between competition and innovation, and the negative relationship between competition and technology gap (composition effect). If competition is high, managers prefer small innovations because they are afraid of loss (loss aversion). If competition is low, managers choose small innovations because of low value attributed to additional increase in their incomes due to successful innovation (diminishing sensitivity). Firms facing intermediate levels of competition choose larger innovations. Composition effect is a consequence of the inverted-U relationship. If competition is intense (industry firms have low profit ex-pectations), technology leaders innovate more than laggards because they are less afraid of loss, and the resulting technology gap is high.

Název v anglickém jazyce

Competition, Innovation and Technology Gap

Popis výsledku anglicky

In this paper, we present a prospect theoretical model of managerial decision that explains the inverted-U relationship between competition and innovation, and the negative relationship between competition and technology gap (composition effect). If competition is high, managers prefer small innovations because they are afraid of loss (loss aversion). If competition is low, managers choose small innovations because of low value attributed to additional increase in their incomes due to successful innovation (diminishing sensitivity). Firms facing intermediate levels of competition choose larger innovations. Composition effect is a consequence of the inverted-U relationship. If competition is intense (industry firms have low profit ex-pectations), technology leaders innovate more than laggards because they are less afraid of loss, and the resulting technology gap is high.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2010

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Mathematical Methods in Economics 2010, part II

ISBN

978-80-7394-218-2

ISSN

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e-ISSN

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Počet stran výsledku

6

Strana od-do

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Název nakladatele

University of South Bohemia, Faculty of Economics

Místo vydání

České Budějovice

Místo konání akce

České Budějovice

Datum konání akce

1. 1. 2010

Typ akce podle státní příslušnosti

CST - Celostátní akce

Kód UT WoS článku

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