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A Schumpeterian approach to entry barrier and firm profitability: cycle time of technology
DC Field | Value | Language |
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dc.contributor.author | Lee, Keun | - |
dc.contributor.author | Lee, Sung Hoon | - |
dc.date.accessioned | 2022-09-30T06:05:39Z | - |
dc.date.available | 2022-09-30T06:05:39Z | - |
dc.date.created | 2022-08-18 | - |
dc.date.issued | 2022-05 | - |
dc.identifier.citation | Economics of Innovation and New Technology | - |
dc.identifier.issn | 1043-8599 | - |
dc.identifier.uri | https://hdl.handle.net/10371/185167 | - |
dc.description.abstract | Entry barrier has long been considered as a major determinant of firm profitability. Although a less competitive market structure has been commonly known as an indicator of an entry barrier, pieces of past empirical evidence are mixed. Moreover, technological factors, such as R&D intensity, have also been considered. However, no satisfactory empirical analysis has been made, mostly due to the lack of a suitable proxy variable that can reflect the technological environment of a sector. This study addresses this problem by trying a new proxy variable, cycle time of technologies (CTT), and shows, using the US firm data, that firms in a sector with a long CTT tend to enjoy higher profitability and values than others. A long CTT of a sector presents a high entry barrier against any entrant because in such sectors, an existing stock of knowledge tends to be important for a longer period of time, making new innovation continuously rely on old knowledge owned by incumbents and protected by patent rights. | - |
dc.language | 영어 | - |
dc.publisher | Routledge | - |
dc.title | A Schumpeterian approach to entry barrier and firm profitability: cycle time of technology | - |
dc.type | Article | - |
dc.identifier.doi | 10.1080/10438599.2022.2067150 | - |
dc.citation.journaltitle | Economics of Innovation and New Technology | - |
dc.identifier.wosid | 000789224500001 | - |
dc.identifier.scopusid | 2-s2.0-85129197433 | - |
dc.description.isOpenAccess | N | - |
dc.contributor.affiliatedAuthor | Lee, Keun | - |
dc.type.docType | Article; Early Access | - |
dc.description.journalClass | 1 | - |
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