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Knowledge and productivity in the world’s largest manufacturing corporations
- Source :
- Journal of Economic Behavior and Organization, Journal of Economic Behavior and Organization, Elsevier, 2008, 67 (3-4), pp.886-902, Journal of Economic Behavior and Organization, Elsevier, 2008, 67 (3-4), pp.886. ⟨10.1016/j.jebo.2007.08.006⟩, Journal of Economic Behavior & Organization, Journal of Economic Behavior and Organization, 67(3-4), 886-902 (2008-09)
- Publication Year :
- 2008
- Publisher :
- Elsevier BV, 2008.
-
Abstract
- This paper develops a model linking firm knowledge with productivity. The model captures three characteristics of firm knowledge (capital, diversity and relatedness) that are tested on a sample of 156 of the world’s largest corporations. Panel data regression models suggest that unlike knowledge diversity, knowledge capital and knowledge relatedness explain a substantial share of the variance of firm productivity. Relatedness matters because it lowers coordination costs between heterogeneous activities. Consequently, the traditional econometric specification has repeatedly underestimated by 15 percent the overall short-run contribution of intangible assets to firm productivity. This underestimation becomes fiercer in high-technology sectors.
- Subjects :
- Organizational Behavior and Human Resource Management
Economics and Econometrics
Sociology of Work, Industrial Sociology, Industrial Relations
JEL: O - Economic Development, Innovation, Technological Change, and Growth/O.O3 - Innovation • Research and Development • Technological Change • Intellectual Property Rights
Sample (statistics)
jel:D24
ddc:070
Sociology & anthropology
Knowledge
Productivity
Relatedness
Industrie- und Betriebssoziologie, Arbeitssoziologie, industrielle Beziehungen
0502 economics and business
Economics
Information Management, Information Processes, Information Economics
Social Sciences & Humanities
050207 economics
Social science
ComputingMilieux_MISCELLANEOUS
Industrial organization
News media, journalism, publishing
JEL: D - Microeconomics/D.D2 - Production and Organizations/D.D2.D24 - Production • Cost • Capital • Capital, Total Factor, and Multifactor Productivity • Capacity
05 social sciences
Variance (accounting)
[SHS.ECO]Humanities and Social Sciences/Economics and Finance
JEL: L - Industrial Organization/L.L2 - Firm Objectives, Organization, and Behavior
jel:O3
jel:L2
Knowledge capital
knowledge, productivity, large corporations, knowledge measurement, panel data
Soziologie, Anthropologie
Capital (economics)
jel:O33
8. Economic growth
Publizistische Medien, Journalismus,Verlagswesen
ddc:301
050203 business & management
Informationsmanagement, informationelle Prozesse, Informationsökonomie
Panel data
Diversity (business)
Subjects
Details
- ISSN :
- 01672681
- Volume :
- 67
- Database :
- OpenAIRE
- Journal :
- Journal of Economic Behavior & Organization
- Accession number :
- edsair.doi.dedup.....b588e21e7e70dc779c8c0799f470ed55