J. Freeman’s scientific contributions

... The life cycle of the firms indicates that firms move along different phases of structural developments as time passes by, which can change the yields firms obtained from knowledge assets and their innovative pursuits (Petruzzelli et al., 2018;Kücher et al., 2018). Thus, more challenges can be arisen for older firms to discover innovative opportunities and more valuable signals in the business environment (Hannan and Freeman, 1984). In order to further extend our current understanding on this debate, we evaluate the impact that knowledge assets and innovation have on firm performance in this study. ...

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KNOWLEDGE CAPITAL AND INNOVATION ACROSS FIRMS IN ASIAN ECONOMIES: A BALANCED INVESTMENT APPROACH

... To reduce potential omitted variable biases, we include a vector of control variables (subjected to data availability). First, we include firm age to account for the learningby-doing process and "organisational inertia" that are relevant to IC investment decision (Hannan & Freeman, 1988;Huergo & Jaumandreu, 2004). 17 Second, we consider firms' profitability in different growth cycle, by computing the revenue growth rate in the past 3 years and normalise this index within industry. ...

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Determinants of intangible capital investment in Vietnam: A firm-level analysis

... Because y m 2 is positive, the monopoly market capacity expansion is initially faster than the competitive one if ρ σ − is close to zero. 22 A number of studies state that introductory pricing is possible when network externalities exist (Rohlfs, 1974; Katz & Shapiro, 1985, 1986 Cabral et al., 1999 ). In addition, an introductory price has been theoretically observed in the optimal pricing of experience goods (Schmalensee, 1982; Shapiro, 1983; Bergemann & Välimäki, 2006) to raise prices gradually. ...

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Capacity expansion in markets with inter-temporal consumption externalities