A Schumpeterian approach to entry barrier and firm profitability: cycle time of technology

References

• Aghion, P., M. Braun, and J. Fedderke. 2008. “Competition and Productivity Growth in South Africa.” Economics of Transition 16 (4): 741–768.
   Web of Science ®Google Scholar
• Artz, K., P. Norman, D. Hatfield, and L. Cardinal. 2010. “A Longitudinal Study of the Impact of R&D, Patents, and Product Innovation on Firm Performance.” Journal of Product Innovation Management 27 (5): 725–740.
   Web of Science ®Google Scholar
• Bain, J. 1951. “Relation of Profit Rate to Industry Concentration: American Manufacturing, 1936-1940.” Quarterly Journal of Economics 65 (3): 293–324.
   Web of Science ®Google Scholar
• Bierly, P., and A. Chakrabarti. 1996. “Determinants of Technology Cycle Time in the US Pharmaceutical Industry.” R&D Management 26 (2): 115–126.
   Web of Science ®Google Scholar
• Breschi, S., F. Malerba, and L. Orsenigo. 2000. “Technological Regimes and Schumpeterian Patterns of Innovation.” Economic Journal 110 (463): 388–410.
   Web of Science ®Google Scholar
• Brown, B., and S. Perry. 1994. “Removing the Financial Performance Halo from Fortune’s ‘Most Admired’ Companies.” Academy of Management Journal 37 (5): 1347–1459.
   Web of Science ®Google Scholar
• Cohen, W., R. Nelson, and J. Walsh. 2000. “Protecting Their Intellectual Assets: Appropriability Conditions and Why U.S. Manufacturing Firms Patent (or not)”, NBER Working Paper No. 7552.
   Google Scholar
• Connolly, R., and M. Hirschey. 2005. “Firm Size and the Effect of R&D on Tobin’s q.” R&D Management 35 (2): 217–223.
   Web of Science ®Google Scholar
• Demsetz, H. 1973. “Industry Structure, Market Rivalry, and Public Policy.” Journal of Law and Economics 16 (1): 1–9.
   Web of Science ®Google Scholar
• Domowitz, I., R. Hubbard, and B. Petersen. 1986. “The Intertemporal Stability of the Concentration-Margins Relationship.” Journal of Industrial Economics 35 (1): 13–34.
   Web of Science ®Google Scholar
• Gale, B. 1972. “Market Share and Rate of Return.” Review of Economics and Statistics 54 (4): 412–423.
   Web of Science ®Google Scholar
• Gale, B., and B. Branch. 1982. “Concentration Versus Market Share: Which Determines Performance and why Does it Matter.” Antitrust Bulletin 27: 83–106.
   Google Scholar
• Griffith, R., S. Redding, and J. Van Reenen. 2003. “R&D and Absorptive Capacity: Theory and Empirical Evidence.” Scandinavian Journal of Economics 105 (1): 99–118.
   Web of Science ®Google Scholar
• Griliches, Z. 1998. ““Patent Statistics as Economic Indicators: A Survey”.” In R&D and Productivity: The Econometric Evidence, edited by Z. Griliches, 287–343. Chicago: University of Chicago Press.
   Google Scholar
• Grullon, G., Y. Larkin, and R. Michaely. 2019. “Are US Industries Becoming More Concentrated?” Review of Finance 23 (4): 697–743.
   Web of Science ®Google Scholar
• Hall, B., A. Jaffe, and M. Trajtenberg. 2001. “The NBER Patent Citations Data File: Lessons, Insights and Methodological Tools”, NBER Working Paper No. 8498.
   Google Scholar
• Hansen, G., and B. Wernerfelt. 1989. “Determinants of Firm Performance: The Relative Importance of Economic and Organizational Factors.” Strategic Management Journal 10 (5): 399–411.
   Web of Science ®Google Scholar
• Heger, D., and A. K. Zaby. 2018. “Patent Breadth as Effective Barrier to Market Entry.” Economics of Innovation and New Technology 27 (2): 174–188.
   Web of Science ®Google Scholar
• Hirschey, M., and V. Richardson. 2001. “Valuation Effects of Patent Quality: A Comparison for Japanese and U.S. Firms.” Pacific-Basin Finance Journal 9: 65–82.
   Google Scholar
• Keil, J. 2019. “Is There a Causal Effect of Concentration on Persistent Profitability Differentials?” Industrial and Corporate Change 28 (2): 241–257.
   Web of Science ®Google Scholar
• Kleinknecht, A., K. Van Montfort, and E. Brouwer. 2002. “The non-Trivial Choice Between Innovation Indicators.” Economics of Innovation and New Technology 11 (2): 109–121.
   Google Scholar
• Kortum, S., and J. Putnam. 1997. “Assigning Patents to Industries: Tests of the Yale Technology Concordance.” Economics Systems Research 9 (2): 161–176.
   Google Scholar
• Lee, K. 2013. Schumpeterian Analysis of Economic Catch-up: Knowledge, Path-Creation and the Middle-Income Trap. Cambridge: Cambridge University Press.
   Google Scholar
• Lopez, J., A. Rose, and M. Spiegel. 2018. “Why Have Negative Nominal Interest Rates had Such a Small Effect on Bank Performance? Cross Country Evidence”, NBER Working Paper No. 25004.
   Google Scholar
• Malerba, F., and L. Orsenigo. 1995. “Schumpeterian Patterns of Innovation.” Cambridge Journal of Economics 19: 47–65.
   Web of Science ®Google Scholar
• Malerba, F., L. Orsenigo, and P. Peretto. 1997. “Persistence of Innovative Activities, Sectoral Patterns of Innovation and International Technological Specialization.” International Journal of Industrial Organization 15 (6): 801–826.
   Web of Science ®Google Scholar
• Mann, H. 1966. “Seller Concentration, Barriers to Entry, and Rates of Return in Thirty Industries, 1950-1960.” Review of Economics and Statistics 48 (3): 296–307.
   Web of Science ®Google Scholar
• Mansfield, E., M. Schwartz, and S. Wagner. 1981. “Imitation Costs and Patents: An Empirical Study.” The Economic Journal 91 (364): 907–918.
   Web of Science ®Google Scholar
• Nelson, R., and S. Winter. 1982. An Evolutionary Theory of Economic Change. Cambridge, MA: Harvard University Press.
   Google Scholar
• Orr, D. 1974a. “The Determinants of Entry: A Study of the Canadian Manufacturing Industries.” Review of Economics and Statistics 56 (1): 58–66.
   Web of Science ®Google Scholar
• Orr, D. 1974b. “An Index of Entry Barriers and its Application to the Market Structure Performance Relationship.” Journal of Industrial Economies 23 (1): 39–49.
   Web of Science ®Google Scholar
• Park, K., and K. Lee. 2006. “Linking the Technological Regime to the Technological Catch-up: Analyzing Korea and Taiwan Using the US Patent Data.” Industrial and Corporate Change 15 (4): 715–753.
   Web of Science ®Google Scholar
• Petralia, S., P. A. Balland, and A. Morrison. 2017. “Climbing the Ladder of Technological Development.” Research Policy 46 (5): 956–969.
   Web of Science ®Google Scholar
• Porter, M. 1980. “Industry Structure and Competitive Strategy: Keys to Profitability.” Financial Analysts Journal 36 (4): 30–41.
   Google Scholar
• Rosiello, A., and A. Maleki. 2021. “A Dynamic Multi-Sector Analysis of Technological Catch-up: The Impact of Technology Cycle Times, Knowledge Base Complexity and Variety.” Research Policy 50 (3): 1–19.
   Web of Science ®Google Scholar
• Salinger, M. 1984. “Tobin's q, Unionization, and the Concentration-Profits Relationship.” The RAND Journal of Economics 15 (2): 159–170.
   Web of Science ®Google Scholar
• Scherer, F. 1983. “The Propensity to Patent.” International Journal of Industrial Organization 1 (1): 107–128.
   Google Scholar
• Scherer, F., and D. Ross. 1990. “Industrial Market Structure and Economic Performance”, University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship. Available at SSRN: https://ssrn.com/abstract=1496716.
   Google Scholar
• Wernerfelt, B. 1984. “A Resource-Based View of the Firm.” Strategic Management Journal 5 (2): 171–180.
   Web of Science ®Google Scholar
• Winter, S. 1984. “Schumpeterian Competition in Alternative Technological Regimes.” Journal of Economic Behavior & Organization 5 (3-4): 287–320.
   Web of Science ®Google Scholar