Pammolli, Fabio and Riccaboni, Massimo On firm growth in networks. Research Policy, 31 (8-9). 1405 - 1416. ISSN 0048-7333 (2002)Full text not available from this repository.
This paper is explorative in nature. Based on an empirical analysis of two different industrial settings (life sciences, LS; information and communication technologies, ICT), it investigates network growth and firm growth in networks. We find a remarkable correspondence between a few fundamental findings of the `old' stochastic approach to the analysis of firm internal growth, and empirically observed patterns of firm external growth through collaborative agreements. We show that scale-free behavior in real-world industrial networks can be accounted for by a general and parsimonious model, originally developed by Herbert Simon in 1955, based on entry and proportional growth. However, relevant departures from the stochastic benchmark are revealed that cannot be ascribed to the effect of mergers and acquisitions (M&As) and growth autocorrelation. Moreover, different regimes of growth are found to be at work in the life sciences for originators versus developers of new business opportunities, reflecting the fact that growth is driven by specialization and division of labor in the processes of generation and attraction/development of technological opportunities.
|Uncontrolled Keywords:||Firm growth; Network growth; Biotechnology; Information and communication technologies|
|Subjects:||H Social Sciences > HB Economic Theory
H Social Sciences > HD Industries. Land use. Labor
|Research Area:||Economics and Institutional Change|
|Depositing User:||Users 2 not found.|
|Date Deposited:||01 Jul 2011 13:08|
|Last Modified:||31 Aug 2011 14:40|
Actions (login required)