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Knowledge and productivity in the world's largest manufacturing corporations
[Zeitschriftenartikel]
Abstract This paper develops a model linking firm knowledge with productivity. The model captures three characteristics of firm knowledge (capital, diversity and relatedness) that are tested on a sample of 156 of the world’s largest corporations. Panel data regression models suggest that unlike knowledge div... mehr
This paper develops a model linking firm knowledge with productivity. The model captures three characteristics of firm knowledge (capital, diversity and relatedness) that are tested on a sample of 156 of the world’s largest corporations. Panel data regression models suggest that unlike knowledge diversity, knowledge capital and knowledge relatedness explain a substantial share of the variance of firm productivity. Relatedness matters because it lowers coordination costs between heterogeneous activities. Consequently, the traditional econometric specification has repeatedly underestimated by 15 percent the overall short-run contribution of intangible assets to firm productivity. This underestimation becomes fiercer in high-technology sectors.... weniger
Klassifikation
Informationsmanagement, informationelle Prozesse, Informationsökonomie
Industrie- und Betriebssoziologie, Arbeitssoziologie, industrielle Beziehungen
Freie Schlagwörter
Knowledge; Productivity; Relatedness
Sprache Dokument
Englisch
Publikationsjahr
2008
Seitenangabe
S. 886-902
Zeitschriftentitel
Journal of Economic Behavior & Organization, 67 (2008) 3-4
DOI
https://doi.org/10.1016/j.jebo.2007.08.006
Status
Postprint; begutachtet (peer reviewed)
Lizenz
PEER Licence Agreement (applicable only to documents from PEER project)