Does Doing Badly Encourage Management Innovation?
In this paper we have undertaken an empirical analysis of the notion that firms introduce managerial innovations as a consequence of bad times, as in the "pit-stop" view of recessions. We first analyze a dynamic model of the firm and conclude that a competitive firm operating in a perfect...
| Main Authors: | , , |
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| Format: | Journal article |
| Language: | English |
| Published: |
2001
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