haku: @indexterm Information Technology / yhteensä: 1908
viite: 59 / 1908
| Tekijä: | Chun, H. (et al.) |
| Otsikko: | Creative destruction and firm-specific performance heterogeneity |
| Lehti: | Journal of Financial Economics
2008 : JUL, VOL. 89:1, p. 109-135 |
| Asiasana: | industries information technology company performance USA |
| Kieli: | eng |
| Tiivistelmä: | In the late 20th century, traditional industries in the United States (U.S.) with higher firm-specific stock return and fundamentals performance heterogeneity use information technology (IT) more intensively and post faster productivity growth what is argued to be mechanically reflecting a wave of Schumpeter's creative destruction (here as: c-d.) disrupting a set of industries, with successful IT adopters unpredictably undermining established firms. This validates endogenous growth theory models of c-d., suggesting intensified c-d. as explaining findings associating greater firm-specific performance variation with higher per capita GDPs, economy growth rates, accounting standards, financial system development, and property right protection. |
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