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Building on ecological economics and the firm growth literature, I propose a model of real growth through entrepreneurial resourcefulness to determine whether an isolated firm can grow if it can capture only the value it creates. I then use Andy Weir's bestseller The Martian to illustrate my arguments. The model contributes to the entrepreneurial resourcefulness literature by explaining how, and under which conditions, resourceful behavior can lead to real firm growth, positing that entrepreneurs can create ecosystems that enhance the marginal productivity of resources by leveraging the productive capacity and entropy-mitigating properties of human capital and natural capital. The model also contributes to the sustainable and innovative entrepreneurship literatures by recognizing limitations on the substitutability of resources, noting that even highly efficient allocation of resources cannot immunize actors from scarcity if production consumes critical capital or exceeds the rate of resource renewal. Finally, the model contributes to the entrepreneurial action literature by shedding light on our understanding of profit opportunities, noting that entrepreneurs are neither exclusively "world makers" nor "world takers," but akin to chefs using new production recipes to maximize the ingredients available. Such experimentation emphasizes that entrepreneurship is a process of resource transformation, not just customer discovery. [ABSTRACT FROM AUTHOR]

Health care costs for U.S. employers have tripled over the past 20 years. Using firm-specific health expense data, I show that firms negatively adjust capital expenditures and R&D expenses in response to increases in health care costs. The effects are more pronounced for firms that are financially constrained, employ more high-skilled workers, and have less bargaining power relative to insurers. Furthermore, policy uncertainty surrounding health care costs is substantial and discourages capital investment. These findings suggest that an elevated level of health care costs and the associated uncertainty limit a firm's ability to expand physically or through innovation. [ABSTRACT FROM AUTHOR]

Given the high failure rates of brand extensions, insights into the drivers of brand extension success are critical for marketing practitioners and scholars. Prior research has inferred that parent brand equity and extension fit are the two key success drivers; however, empirical findings are mixed. Drawing on signaling theory, categorization theory, and a large database of 2,134 effect sizes from research spanning 1990–2020, the authors address these mixed findings through a meta-analysis to develop empirical generalizations. The results show that parent brand equity and extension fit positively influence extension success. However, the multifaceted dimensions of these two drivers have differential effects. For example, among the fit dimensions, usage fit has the weakest effect. While the results suggest an overall positive interaction effect between the two drivers, a fine-grained perspective that considers the drivers' various dimensions reveals differences. For example, brand familiarity appears to have a lower interaction effect with extension fit than the other dimensions of parent brand equity. Furthermore, the authors provide a comprehensive analysis of five groups of moderators: contextual factors (parent brand, extension, communication, and consumer factors) and research method factors. The authors offer managerial and future research implications for the design of brand extension strategies. [ABSTRACT FROM AUTHOR]

Research Summary: Firm growth and its underlying modes are rarely examined on their own, which impedes our understanding of their relative importance, correlations among them and their associations with competition and future performance. We address these using a comprehensive seven‐mode decomposition of employment growth in all US firms (2004–2013). We find that organic modes such as opening or closing plants contribute more than transactional modes such as acquisitions and selloffs, and that growth modes exhibit age‐size differences and are generally positively correlated within firms. Trade competition in manufacturing increased closures and decreased acquisitions but had no effect on new units. Transactional growth positively correlates with future survival, unlike organic growth. Together, our findings expand our understanding of firm growth as a composite of multiple growth modes. Managerial Summary: Managers have many ways to grow a firm, but studies typically emphasize transactional modes such as acquisitions and selloffs. Using data on all US firms over 2004–2013, we study seven growth modes in an integrated and comprehensive model. We find that organic modes contribute more to growth than transactional modes, that young, large firms grow less relative to old, large firms, that when firms grow (shrink), they tend to grow (shrink) using multiple modes simultaneously and that growth modes vary in their association with competition. Importantly, transactional growth positively correlates with future survival, unlike organic growth. Together, these findings not only suggest that growth modes vary in their contribution to firm growth but also that they may differently influence subsequent performance. [ABSTRACT FROM AUTHOR]

The introduction of information, technology, and innovation in goods and services is the cornerstone of success in the modern global economy. These significant digital revolution shifts have established new digitally related practices that enhance and add value to the way businesses, organizations, and countries operate. In light of this, the research aims to examine how digital transformation is applied in business and economy. This study presents 20 reviewed literatures precisely their basis of the sources of data, geographical settings, statistical treatment employed, distribution of geographical settings of selected studies, the variable usage for digital transformation, its parameters, and the concepts or other variables it is being related with. The results revealed that the innovations made by the enhancement of the management system and expansion of management capacity via the use of digital technologies demonstrate the significance of digital transformation. With this, digital transformation has increased economic growth rates, enhanced the caliber of services offered, and created new opportunities for consumers and business owners in many countries. However, to get the most out of digitalization, stricter laws that guarantee business competition and worker skills that meet the needs of the contemporary workforce are required. [ABSTRACT FROM AUTHOR]

High growth enterprises are attracting the attention to both economic theoreticians and practitioners. Namely, among all enterprises, there is a group of enterprises which show high growth and contribute in large extent to the economic development of the countries. In fact high growth enterprises are considered as drivers of the innovation, twin transition and structural transformation of the countries. This is why, researchers and especially policy makers are interested to find out more behind the factors or determinants which triggers the growth of these enterprises. The reasoning behind this paper is to analyse what high growth enterprises represent, what are their characteristics, the different definitions used, than to analyse literature which focuses on the causality between high growth of companies and certain aspects of economic development, EU policies aimed at high growth potential (HGEs) enterprises, in order to be able to make a comparative analysis using available statistical data and draw conclusions and policy recommendations for fostering HGEs in Republic of North Macedonia. Analysis showed that only 2% of all companies in the country are contributing to 20% of employment. Still, most of them are found in traditional service sector followed by manufacturing, unlike the HGEs in EU where they are mostly found in knowledge intensive service sector. The main conclusion is that instead of policy mix to support local champions, government should be more focused on developing policy framework to back enterprises which have the potential to grow fast. To do that, government needs to create framework conditions which will enable companies to grow, but also to create tailored made instruments and policies which will back companies with high growth potential. The firms to be targeted are not those that would grow in any case, but those for which policy intervention would make a difference. Given the fact that HGEs are considered as drivers of innovation and technological advancement, EU is putting them high on their policy agenda. Therefore, aligning policy objectives of North Macedonia with the ones of EU in the area of SMEs with special focus on start-ups and scale-ups with potential to grow should be imperative for policy creators. [ABSTRACT FROM AUTHOR]

Nepal's strategic position and open border with India and China have attracted unusually high attention, particularly during the Cold War era, not only from these two large neighbours but also from European countries, the USA and the former Soviet Union. However, despite decades of aid inflows, Nepal remains one of the poorest countries. While debate over aid–growth nexus remains unsettled, our empirical results do suggest that aid fragmentation is detrimental to growth, perhaps due to increased administrative burden to manage a large number of small projects and meet reporting requirements of the donor community. While we find that aid is good for growth, attracting uncoordinated and fragmented aid without the need for assessment can, in fact, do more harm than good. These findings point to the importance of coordinated aid approach not only at the country level but also among the donor community. [ABSTRACT FROM AUTHOR]

The introduction of digital platforms has reshaped consumer behavior in various industries, and the lottery sector is no exception. While traditional lottery sales have long been a primary revenue source for PCSO, the advent of E-Lotto provides a new, convenient avenue for lottery. This research aims to evaluate the impact of E-Lotto on the sales performance of the Philippine Charity Sweepstakes Office (PCSO) within the National Capital Region (NCR). Further, this study determines whether E-Lotto serves as a complementary or competing channel for traditional lottery ticket sales and explores the implications of this shift on PCSO’s overall sales strategy. Through a mixed-methods approach, quantitative data on NCR lottery sales were analyzed to identify trends and assess shifts between digital and physical lottery channels. Qualitative interviews with PCSO stakeholders provide additional insights into operational and marketing strategies surrounding E-Lotto implementation. Findings reveal that E-Lotto expanded PCSO’s reach, particularly among younger, urban-based customers who prefer the convenience of online platforms. However, there is evidence that E-Lotto may also cannibalize traditional sales, especially in areas with smartphones and internet penetration. This underscores the need for PCSO to balance digital and physical sales channels effectively to maximize revenue. Recommendations include targeted marketing efforts, enhancing the user experience, and integrating cross-promotions between traditional and E-Lotto channels. By addressing these factors, PCSO can leverage the benefits of E-Lotto without undermining its established sales network. This study’s insights contribute to the broader understanding of digital transformation in gaming public institutions and its implications for sustainable revenue growth. [ABSTRACT FROM AUTHOR]

This study examines the impact of pricing strategies on customer satisfaction, aiming to improve customer experiences and foster long term loyalty within the coffee shops business in Camarines Norte, Philippines for the year 2022. Utilizing a descriptive correlational research design, data was collected through face-to-face interviews with 150 respondents selected via purposive sampling. The findings reveal that the majority of respondents were females aged 15-30, visited coffee shops weekly. Sixty-two (62) percent of the respondents describe that coffee shops establishments used competitive-based pricing. Among various pricing strategies, value-based pricing was perceived as the most effective, with an average rating of 4.60. Respondents strongly agreed that service quality aligned with pricing strategies significantly influences customer satisfaction, scoring an average of 4.26. A test of significant relationship using Biserial correlation coefficient between competitive pricing, value-based pricing, and product bundle pricing regarding the impact on customer satisfaction cues indicate a statistically significant relationship at p<0.05, denoting a positive relationship between the pricing strategies and customer satisfaction. The study concludes that pricing strategies is a crucial element of the marketing mix that directly affects customer satisfaction and business profitability. Although, no universal pricing strategy may exist, understanding customer satisfaction is essential for identifying effective pricing policies. Therefore, it is recommended that coffee shops need to develop comprehensive business models to enhance pricing strategies aimed at increasing market share and sustaining growth in the coffee shop sector. [ABSTRACT FROM AUTHOR]

This study aims to examine the correlation between the perspectives of the Balanced Scorecard and the competitiveness of Savings and Credit Cooperatives located in Kajiado County, Kenya. The specific aims of the study included assessing how the perspectives of the Balanced Scorecard, namely, financial perspective, customer perspective, internal business processes, and learning and growth perspective, affect the competitiveness. of Savings and Credit Cooperative Societies within Kajiado County. This study was anchored on the theoretical frameworks of Balanced Score Card, Resource-Based View and Dynamic Capabilities theory. The study utilized a cross-sectional survey research design, guided by objectivism as an ontological approach, a positivist epistemology, and a deductive approach for data collection and analysis. The study’s target population included the deposit taking Savings and Credit Cooperative Societies in Kajiado County (N= 22). Purposive sampling was employed to identify 22 Savings and Credit Cooperative Societies and 32 personnel members from the 5 main sub counties. Data collection involved the utilization of a structured questionnaire self-administered by the respondents themselves. The relationship between distinct independent variables and company competitiveness was analyzed using multiple regression. The critical value for regression was 0.05, and the 95% confidence interval was used. The study found a strong, statistically significant positive correlation between SACCO competitiveness and customer perspective (r = .899, p = .000). Also, a strong, positive, and statistically significant correlation was found to exist between financial perspective and SACCO competitiveness (r = .841, p = .000). A similar strong positive correlation was observed between internal business processes and SACCO competitiveness (r = .805, p = .001). Similarly, learning and growth exhibited a strong, positive correlation with SACCO competitiveness (r = .817, p = .001). Some of the balanced score card perspectives, such as financial and customer perspectives, positively predict SACCO competitiveness. The relationships are also statistically significant. However, internal business process and learning and growth, negatively predict SACCO competitiveness. The relationships are not statistically significant. It was recommended that the management of SACCOs should enhance the customer perspective and the financial perspective to boost competitiveness, while strengthening the other perspectives. [ABSTRACT FROM AUTHOR]

The consistent distribution of economic value from state-owned companies in Indonesia to both external and internal stakeholders over the long term is crucial as an indicator of company growth. This research aims to demonstrate the influence of stakeholder value on the performance of state-owned enterprises in Indonesia. Using panel data to measure predictor consistency over the long term, the study finds that the data is stationary and cointegration occurs in the long term. The findings are: (a) Government Value positively influences return on equity (ROE) and sustainable growth rate (SGR) but has no effect on return on assets (ROA); (b) Customer Value positively influences ROA but has no effect on ROE and SGR; (c) Social Value has no significant impact on ROA, ROE and SGR; (d) Debt-holder Value negatively influences ROA, ROE and SGR; (e) Supplier Value positively influences ROA, ROE and SGR; (f) Employee Value positively influences ROE but has no effect on ROA and SGR; and (g) Shareholder Value positively influences ROE but has no effect on ROA and SGR. These findings indicate inconsistencies in the impact of stakeholder value on company performance. [ABSTRACT FROM AUTHOR]

In this paper, we consider conditional measures of lead-lag relations between aggregate growth and industry-level cash flow growth in the United States. Our results show that firms in leading industries pay an average annualized return 3.6 |$\%$| higher than that of firms in lagging industries. Using both time-series and cross-sectional tests, we estimate an annual pure timing premium ranging from 1.2 |$\%$| to 1.7 |$\%$|⁠. This finding can be rationalized in a model in which (a) agents price growth news shocks, and (b) leading industries provide valuable resolution of uncertainty about the growth prospects of lagging industries. Authors have furnished an Internet Appendix , which is available on the Oxford University Press Web site next to the link to the final published paper online. [ABSTRACT FROM AUTHOR]

We document a novel strategic motive for family business groups to utilize their internal capital markets (ICMs) during financial crises. We find that crisis-period group ICM activity is targeted toward exerting product market dominance over standalone rivals. Groups make significant post-crisis gains in market share that are concentrated among affiliates (and industry segments within affiliates) operating in highly competitive product markets, where capturing such gains is difficult in normal times. These patterns are observed only in emerging markets, suggesting that ICMs enable groups to exploit crises to realize long-term competitive advantages only when rivals face chronic financing frictions. [ABSTRACT FROM AUTHOR]

We investigate whether international operations enhance information links between firms and foreign investors. Exploiting novel subsidiary-level data and within-location variations, we show that, after expanding into another country, a firm attracts greater investment allocation from funds from that country than from other foreign funds. This increase is economically significant, equivalent to one-fifth of the average firm weight in a country-specific portfolio. The observed effect cannot be attributed to funds' influence, persists even when funds are already familiar with the firm, and helps them generate superior risk-adjusted returns. Our results suggest that firms' cross-border economic activities contribute to global financial interconnectedness. [ABSTRACT FROM AUTHOR]

Grand challenges are system-wide problems. While top-down approaches to mitigating grand challenges may have potentially far-reaching impact, such initiatives from the higher scales can fail because of limited knowledge of ground realities. At the same time, resilient local efforts to address societal challenges can have limited reach. How can a grassroots organization work across locations and scales to address a grand challenge? We report the findings of a longitudinal case study of the Child In Need Institute, a nonprofit organization that successfully scaled its impact to reach over seven million beneficiaries. Based on 40 years of archival data and four years of intensive fieldwork, our findings reveal "double weaving" as a recursive process of diagnosing and addressing problems by connecting actors and resources across locations and scales. The double weaving process gives researchers a framework to explore the complex interplay between locations and scales that is necessary to address grand challenges. Our study contributes to research on grand challenges and scaling, advancing the spatial turn in organizational studies by developing the scalar dimension, and expanding research that has primarily focused on locations. [ABSTRACT FROM AUTHOR]

We document a strong positive initial market reaction to merger announcements from bidders with either large earnings growth or significant earnings decline, relative to those with neutral earnings change, reflecting a U-shaped pattern between bidders' earnings growth and announcement returns. However, the higher initial returns for bidders with earnings decline subsequently reverse, whereas the higher returns for bidders with high growth do not. We further show that the return patterns are driven by a tendency for retail investors to gamble that merger and acquisition deals initiated by poorly performing bidders will generate high synergies. [ABSTRACT FROM AUTHOR]

This paper examines how employee earnings respond to a one-time cash flow shock in the form of a government R&D grant. In a regression discontinuity design, we find that the grant immediately increases average annual employee-level earnings by 2.9 |$\%$|⁠. This benefit accrues only to incumbent employees and rises with job tenure. The grant also affects firm growth, but the initial wage patterns do not appear to reflect growth or productivity. Instead, the evidence supports implicit equity financing within the firm, where employees initially accept lower wages from financially constrained firms and earn more when the firm has ability to pay. Authors have furnished an Internet Appendix , which is available on the Oxford University Press Web site next to the link to the final published paper online. [ABSTRACT FROM AUTHOR]

The article explores the rise of legalized sports betting in the U.S., highlighting its rapid growth, societal impacts, and evolving regulatory landscape. Topics include state-level legalization efforts, concerns over gambling addiction, and advertising regulations aimed at mitigating associated risks.

In July 2023, NTT DATA shifted to a three-company structure consisting of NTT DATA Japan Corporation, which operates a business in Japan, NTT DATA, Inc., which operates a business outside Japan, and NTT DATA Group Corporation, the holding company that oversees the two aforementioned companies. Under the slogan "Realizing a Sustainable Future," NTT DATA is promoting a sustainable management. We interviewed Hidehiko Tanaka, senior vice president, head of Technology and Innovation General Headquarters, NTT DATA Group Corporation, about the technology strategy and vision of NTT DATA under the new structure. [ABSTRACT FROM AUTHOR]

Zimbabwe's Small to medium enterprises (SMEs) face worsening performance and growth-related challenges attributable to the failure of owner managers to embrace Strategic financial management (SFM) practices that promote business growth and performance. SMEs became the main contributor to the gross domestic product following the economy's collapse due to the government's agrarian reform of 2000. The study employed quantitative research method using questionnaires and a structural equation model (SEM) to achieve methodological triangulation. While the study was principally theory testing it was also theory-generating, nonetheless all items and factors developed from the questionnaire were employed using the maximum likelihood estimation (MLE) to extract desirable factors. The target population of the study consisted of 640 SMEs from five districts in the province and the sample size of 240 was determined using Krejcie model (1970). Data was analyzed by extracting factors using the Statistical Package for Social Science (SPSS) version 25 and the same data was imported into SPSS Amos Version 28 for analysis using confirmatory factor analysis and parameter estimation in path modeling and the results were graphically displayed in R software, version 3.5.3 or R Core team (R core team 2016). The task was not strictly confirmatory, after testing several models the study applied the Akaike Information Criterion test to measure the adequacy of the proposed framework. The study revealed that SMEs lacked a conceptual framework that ensures growth despite having a clear focus and vision. Drawing from empirical data and a critical review of relevant theories, the study developed a strategic financial management framework for SMEs in Zimbabwe. The framework has relevance for SMEs in Zimbabwe and other neighboring countries as it promotes SMEs growth and performance. [ABSTRACT FROM AUTHOR]

In the current era of globalization, trade is essential for a country to boost its economy, including both micro and macro trade. The development of MSMEs requires MSME actors to be ready to compete with other businesses. This pushes MSME entrepreneurs to continuously innovate by creating unique, superior products; in addition, MSMEs are expected to have sound financial management. This study employs an associative research method with multiple linear regression to examine the relationship between accounting knowledge, accounting information utilization, and financial inclusion on the business development of Bank BRI KCP Pagesangan Unit clients. Based on multiple linear regression analysis results, it is concluded that accounting knowledge, accounting information utilization, and financial inclusion significantly influence business development. Accounting knowledge has been shown to have a positive and significant effect on business development, while accounting information utilization also plays an important role in supporting business development. Additionally, financial inclusion has a significant impact on client business development. Based on these findings, it is recommended that Bank BRI KCP Pagesangan Unit prioritize training and outreach programs on accounting knowledge, accounting information utilization, and the importance of financial inclusion for their clients. By enhancing clients' understanding and skills in accounting, they can more effectively manage their finances and make better business decisions. [ABSTRACT FROM AUTHOR]

Cloud computing has emerged as a pivotal technology that transforms business development, offering flexibility, scalability, and cost-efficiency. This research paper discusses how cloud computing is revolutionizing business models across industries. The paper examines the benefits of cloud adoption, reviews existing literature, and explores the challenges of integration and possible solutions. Additionally, key cloud technology resources are identified, and the paper provides a comprehensive outlook on the future of cloud computing in business growth. [ABSTRACT FROM AUTHOR]

Business incubators play a crucial role in fostering the sustainability and growth of early-stage startups. They provide access, financial support, training, infrastructure, connections with investors, and more. However, many business incubators do not effectively maximize startup potential. This study aims to systematically review and analyze the key characteristics contributing to the role of business incubators in promoting sustainable startups. The study will follow the PRISMA statement (Preferred Reporting Items for Systematic Reviews and Meta-Analyses) and employ document analysis integrating multiple research designs, based on established standards. It will compile and analyze 68 articles from global sources, utilizing open-access articles and accessing primary databases such as Web of Science (WoS) and Scopus for article retrieval. Through content analysis, this study identified fifteen main categories that significantly impact startup businesses: (1) financial support, (2) business support and services, (3) networking support, (4) mentoring activities, (5) infrastructure, (6) human capital, (7) access to knowledge and information, (8) social values and environment, (9) marketing capabilities and support, (10) technology support, (11) entrepreneurship education (courses and curriculum), (12) programs, projects, and events, (13) research and development support, (14) government policy support, and (15) legitimacy involvement. The findings highlight five main aspects--financial, business, networking, mentoring, and infrastructure--as crucial for effective startup support and implementation. From an economic sociology perspective, these articles discuss the dynamic roles of business incubators, emphasizing urgent factors and essential designs for success in the face of future challenges. [ABSTRACT FROM AUTHOR]

Competitive advantage is one of the essential components of customer satisfaction and business growth, but the COVID-19 pandemic has had a substantial influence on consumer behavior, while also giving rise to intense competition within the business environment in Africa, making competitive advantage and customer experience a challenge. Consequently, firms have been compelled to make strategic choices such as differentiation capability to navigate these challenges. The study therefore examines the effect of differentiation capability on the customer experience of selected consumer goods companies listed in Nigeria the biggest economy in Africa. The research adopted a cross-sectional survey method, and a total of 20 consumer products firms were identified and evaluated based on their capitalization criteria and continuous dividend payments. From this group, seven companies were chosen for further analysis. The sample size of 378 was determined using the Research Advisor Table, with a confidence level of 95% and a margin error of 5%. To address the issue of non-response, appropriate measures were taken, leading to the inclusion of an additional 113 respondents, representing 30% of the original sample. This adjustment resulted in a final sample size of 491. A total of 491 questionnaires were sent to the respondents, resulting in a response rate of 97.76%. The hypothesis was examined by regression analysis. The results of the study indicate that differentiation capability is an effective tool that is statistically significant and positive to customer experience (ß =0.842, t = 29.782, p<0.05); The research findings indicate that applying differentiation capability in a firm helps attain a stronger competitive position and has a favorable impact on customer experience. This research, therefore recommends that there is a need for technology adoption to cut production costs and establish a durable competitive advantage. [ABSTRACT FROM AUTHOR]

This study explores the role of the Indonesian Standard QR Code (QRIS) in enhancing the business outcomes of micro enterprises in North Bogor Subdistrict. While QRIS has been recognized as a crucial technological advancement for promoting financial inclusion, there remains a reluctance among some micro business owners to adopt it. This research utilizes a descriptive qualitative method, including interviews with micro entrepreneurs who do and do not use QRIS, government officials involved in MSME development, and financial institution representatives. The findings reveal that the adoption of QRIS is often driven by its integration with delivery services rather than its potential to boost business performance. Despite some entrepreneurs experiencing benefits from QRIS, a significant gap in understanding its full potential as a payment method persists. For those not using QRIS, reasons include the efficiency of cash transactions, additional costs, and expectations more on government support in promoting their products to achieve business growth. [ABSTRACT FROM AUTHOR]

Multinational corporations (MNCs) are increasingly involved in the United Nations Sustainable Development Goals (SDGs) initiative to enhance the quality of life in host countries. Gender equality (SDG 5) is the key focus. This study examines how MNCs in the male-dominated mining industry in Thailand and Laos promote gender equality through their policies and practices. Using a qualitative approach, we investigated the experiences of stakeholders in the mining sector. Our findings reveal significant gender disparities in employment, health, and vocational opportunities. While MNCs are making efforts to address these issues, the complex interplay of stakeholders and cultural factors influences progress. To effectively advance gender equality, this research suggests a shift in focus towards strategies that actively engage women in diverse business roles. Providing women with the necessary skills and knowledge is essential for their growth and empowerment within the mining industry [ABSTRACT FROM AUTHOR]

Growth and innovation are primary arguments for firms that aim to go public and access resources from the stock market. So it is ironic that going public is, for a majority of firms, associated with a pronounced slump in breakthrough innovation. This article proposes an actionable, marketing-related explanation for why some firms that go public manage to beat the post–initial public offering (IPO) innovation slump: innovation imprinting. The authors argue and demonstrate that firms that engage in innovation imprinting before going public attract a segment of concordant investors whose risk preferences are more supportive of breakthrough innovation than investors at large. These investors, in turn, reward the firms' continued introduction of breakthrough innovations after they have gone public. By analyzing the innovation patterns of 207 firms in the consumer packaged goods sector before and after an IPO, the authors observe that one-third of firms are able to maintain or beat their pre-IPO levels of breakthrough innovations after going public. By studying their actions, the investors they attract, and their financial performance and survival rates, the authors provide empirical evidence for the importance of innovation imprinting and concordant investors in helping firms beat the post-IPO innovation slump. [ABSTRACT FROM AUTHOR]