How Innovation Impacts Firm Growth Dynamics in Natural Resource Industries

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dc.catalogadorvzp
dc.contributor.authorSevil, Angel
dc.contributor.authorCruz Novoa, Alfonso
dc.contributor.authorReyes Torres, Tomas Hernán
dc.contributor.authorVassolo, Roberto Santiago
dc.date.accessioned2024-09-02T16:14:45Z
dc.date.available2024-09-02T16:14:45Z
dc.date.issued2022
dc.description.abstractGrowth has generally been considered a crucial objective for a firm, and, consequently, it has become one of the most researched subjects in economic sciences. This paper aims to provide an in-depth study of how incremental innovation, a ubiquitous factor, affects the growth of small and large-sized firms differently. Specifically, this work examines firm growth dynamics in natural resource industries. In these industries, innovation is mainly based on processes in the form of incremental changes, and adoption of innovations has significant sunk costs. We argue that, before incremental process innovation, firm growth is directly proportional to firm size. However, in the presence of incremental innovation events, firm growth is indirectly proportional to firm size, since smaller firms pose higher strategic flexibility and can adopt innovations faster. Our empirical findings not only confirm the dependency of growth rate on firm size, rejecting Gibrat’s Law of Proportionate Effect, but highlight the relevance of incremental innovation as an inflection point of firm growth, creating a competitive opportunity window for small firms.
dc.fuente.origenORCID
dc.identifier.doi10.5465/ambpp.2022.14958abstract
dc.identifier.eissn2151-6561
dc.identifier.issn0065-0668
dc.identifier.urihttp://dx.doi.org/10.5465/ambpp.2022.14958abstract
dc.identifier.urihttps://repositorio.uc.cl/handle/11534/87757
dc.information.autorucEscuela de Ingeniería; Cruz Novoa Alfonso; S/I; 58057
dc.information.autorucEscuela de Ingeniería; Reyes Torres Tomas Hernan; 0000-0003-0605-5574; 131463
dc.information.autorucEscuela de Ingeniería; Vassolo Roberto Santiago; S/I; 1015531
dc.issue.numero1
dc.language.isoen
dc.nota.accesocontenido parcial
dc.revistaAcademy of Management Proceedings
dc.rightsacceso restringido
dc.subject.ddc330
dc.subject.deweyEconomía
dc.titleHow Innovation Impacts Firm Growth Dynamics in Natural Resource Industries
dc.typeartículo
dc.volumen2022
sipa.codpersvinculados58057
sipa.codpersvinculados131463
sipa.codpersvinculados1015531
sipa.trazabilidadORCID;2024-09-02
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