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Is decentralization beneÖcial to Örm performance in ìbad timesî? We present a model where negative demand shocks increase the importance of rapid action, and improve the alignment of in...
This article provides a longitudinal case study of the use of acquisitions by the Anglo-Dutch multinational Unilever to build the world's largest ice cream and tea businesses. The study supports recen...
We examine the link between corporations and community by showing how corporate density interacts with the local social and cultural infrastructure to affect the growth and decline of the number of lo...
This presentation draws on ideas from Professor Porter’s books and articles, in particular, Competitive Strategy (The Free Press, 1980); Competitive Advantage (The Free Press, 1985); "What is Strategy...
We study how external versus internal innovations promote economic growth through a tractable endogenous growth framework with multiple innovation sizes, multi-product firms, and entry/exit. Firms inv...
We introduce a new statistical test of the hypothesis that a balanced panel of firms have the same growth rate distribution or, more generally, that they share the same functional form of growth rate ...
The relationship between the size and the variance of firm growth rates is known to follow an approximate power-law behavior (S) ∼ S− (S) where S is the firm size and (S) ≈ 0.2 is an e...

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