Technological Specialization and the Decline of Diversified Firms
Sign Up to like & getrecommendations! Published in 2018 at "Journal of Financial and Quantitative Analysis"
DOI: 10.1017/s0022109018000583
Abstract: We document a strong decline in corporate-diversification activity since the late 1970s, and we develop a dynamic model that explains this pattern, both qualitatively and quantitatively. The key feature of the model is that synergies… read more here.
Keywords: specialization decline; diversified firms; model; technological specialization ... See more keywords
The effect of innovation and technological specialization on income inequality
Sign Up to like & getrecommendations! Published in 2018 at "Problems and Perspectives in Management"
DOI: 10.21511/ppm.16(4).2018.05
Abstract: Using a panel of 28 European Union countries for the period 2003–2014, the authors provide empirical evidence for the relationship between innovation, technological specialization, and income inequality. The results of the fixed effect panel regressions… read more here.
Keywords: technological specialization; innovation; income; income inequality ... See more keywords