The Organizational Impact of Technological Change: A Comparative Theory of National Institutional Factors

@article{Chesbrough1999TheOI,
  title={The Organizational Impact of Technological Change: A Comparative Theory of National Institutional Factors},
  author={H. Chesbrough},
  journal={IO: Firm Structure},
  year={1999}
}
  • H. Chesbrough
  • Published 1999
  • Economics
  • IO: Firm Structure
  • This paper offers a parsimonious theory of national institutional factors that promote or inhibit the formation of start-up firms in the USA and Japan. Three factors are proposed: the technical labor market, the venture capital market and the structure of buyer-supplier ties. Complementarities between these factors cause them to work as a system, while their differences elevate or reduce the level of incentive constraints and appropriability constraints acting on incumbent and start-up firms… CONTINUE READING
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