A. Kleinknecht's scientific contributions
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Citations
... It is widely acknowledged that innovation is critical to a company's economic success. Innovative businesses grow more quickly and profitably (see for example the econometric studies by Geroski et al., 1993; or Kleinknecht et al., 1997) [1]. If many businesses still refuse to innovate, it is due to a variety of risks and uncertainties that result in high failure rates. ...
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... According to Mensch, firms resort to the highly risky strategy of investing in radical innovations only during depression periods, when the growth potential of dominant technologies is exhausted. Kleinknecht and Van der Panne (2006) further expanded this perspective considering the lack of radical innovations during upswings as the result of a rational behavior of firms with respect to the opportunity cost of the different industries. So long as an industry is expanding and its productivity gains are high, the opportunity cost of developing uncertain new breakthroughs in other industries is high. ...
