An Explanation of the Inverted-U Relationship between Profitability and Innovation

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F14%3A00077997" target="_blank" >RIV/00216224:14560/14:00077997 - isvavai.cz</a>

Výsledek na webu

<a href="http://dx.doi.org/10.5817/CZ.MUNI.M210-7423-2014" target="_blank" >http://dx.doi.org/10.5817/CZ.MUNI.M210-7423-2014</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.5817/CZ.MUNI.M210-7423-2014" target="_blank" >10.5817/CZ.MUNI.M210-7423-2014</a>

Jazyk výsledku

angličtina

Název v původním jazyce

An Explanation of the Inverted-U Relationship between Profitability and Innovation

Popis výsledku v původním jazyce

In this book I introduce two models of innovation that explain the inverted-U relationship between profitability and innovation, and 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 of the empirical findings. In the basic model firms choose R&amp;D expenditures that maximize their expected profits under the assumption that R and D expenditures of firms might be constrained by the size of their profits. The prospect-theory model provides a more specific explanation of the empirical findings, which includes a behavioral model of managerial decision-making. Managers in the model choose R andD expenditures according to the preferences represented by the prospect-theory value function. For specific sets of parameter values, both models generate predictions that correspond to the empirical findings of Aghion et al. (2005) and H

Název v anglickém jazyce

An Explanation of the Inverted-U Relationship between Profitability and Innovation

Popis výsledku anglicky

In this book I introduce two models of innovation that explain the inverted-U relationship between profitability and innovation, and 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 of the empirical findings. In the basic model firms choose R&amp;D expenditures that maximize their expected profits under the assumption that R and D expenditures of firms might be constrained by the size of their profits. The prospect-theory model provides a more specific explanation of the empirical findings, which includes a behavioral model of managerial decision-making. Managers in the model choose R andD expenditures according to the preferences represented by the prospect-theory value function. For specific sets of parameter values, both models generate predictions that correspond to the empirical findings of Aghion et al. (2005) and H

Druh

B - Odborná kniha

CEP obor

AH - Ekonomie

OECD FORD obor

—

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2014

Kód důvěrnosti údajů

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

ISBN

9788021074231

Počet stran knihy

160

Název nakladatele

Masaryk University

Místo vydání

Brno

Kód UT WoS knihy

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