On the role of knowledge capital in firm performance -Empirical evidence from Swedish firms in the engineering industry

Pontus Braunerhjelm

Revue d'Économie Industrielle, 1997, vol. 81, issue 1, 9-22

Abstract: [eng] The Industrial Organization literature has long been concerned about the discrepancy between the theoretical assumptions of equalization of profits among firms and the lack of empirical support. To sort out this contradiction, this paper defines a knowledge stock derived from investments in R & D, marketing, software and education which is modeled as an additional production factor. A unique IUI firm data set is used to demonstrate that the distribution of profitability among firms varies positively with investments in such knowledge capital. [fre] La littérature en matière d'organisation industrielle s'est longtemps préoccupée de l'écart existant entre les hypothèses théoriques relatives à l'égalisation des profits entre les entreprises et le défaut de support empirique. Afin de lever cette contradiction, on définit un stock de connaissances à partir des investissements en R & D, marketing, logiciels et formations, qui est introduit dans le modèle comme facteur de production supplémentaire. Une base de données d'entreprises unique (IUI) est exploitée en vue de montrer que la distribution des taux de profits des entreprises est corrélée positivement avec ces investissements non matériels.

Date: 1997
Note: DOI:10.3406/rei.1997.1676
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