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| Author: | Chesbrough, H. W. |
| Title: | The organizational impact of technological change: a comparative theory of national institutional factors |
| Journal: | Industrial and Corporate Change
1999 : SEP, VOL. 8:3, p. 447-485 |
| Index terms: | Technological change Companies Small business USA Japan |
| Language: | eng |
| Abstract: | This paper offers a parsimonious theory of national institutional factors that promote or inhibit the formation of start-up firms in the USA and Japan. Three factors are proposed: the technical labour market, the venture capital market and the structure of buyer-supplier ties. As a result, incumbents might be displaced in an industry in one country while incumbent firms in the same industry in another country might persevere, due to the presence or absence of start-up firms. |
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