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Knowledge and productivity in the world's largest manufacturing corporations
[journal article]
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... view more
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.... view less
Classification
Information Management, Information Processes, Information Economics
Sociology of Work, Industrial Sociology, Industrial Relations
Free Keywords
Knowledge; Productivity; Relatedness
Document language
English
Publication Year
2008
Page/Pages
p. 886-902
Journal
Journal of Economic Behavior & Organization, 67 (2008) 3-4
DOI
https://doi.org/10.1016/j.jebo.2007.08.006
Status
Postprint; peer reviewed
Licence
PEER Licence Agreement (applicable only to documents from PEER project)