Questioning the underlying assumptions of the process of creative destruction, we conceptualize an alternative process of creative construction that may characterize the dynamics between entrants and incumbents. We discuss the underlying mechanism of knowledge spillover strategic entrepreneurship whereby knowledge investments by existing organizations, when coupled with entrepreneurial action b...

In this paper, we present our company’s philosophy: how to succeed and to achieve our goals, and, especially, to be innovative and always in the forefront of technology. Our goal is to present a success philosophy in an enterprise as a main key and a first step before starting any financial plan, growing the company, organization, recruiting, etc. In this paper, we present our vision on the sub...

In this paper we study the nature of regional inter-dependence among selected Asian stock markets and contrast it with that among selected European markets before and during the Asian crisis. We ask if the Asian crisis marked any fundamental change in the basic nature of these relationships. Using daily dollar-denominated returns data from eight East Asian and eight European stock markets, we s...

World Bank Policy Research Working Paper 3575, April 2005 The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues. An objective of the series is to get the findings out quickly, even if the presentations are less than fully polished. The papers carry the names of the authors and should be cited accordingl...

This paper investigates the interrelation and information flows between the Won–Dollar spot and offshore forward, i.e., NDF markets. In particular, this paper focuses on the impact of the reform in the Korean exchange rate systems, which occurred in December 1997 in response to the currency crisis, on the relation between the two markets. Using the augmented GARCH formulation, this paper finds ...

The role of the Internet in teaching and research has been given too little attention in mathematics education, particularly in developing countries and underserved segments of the population of developed countries. Those with inadequate Internet connectivity lack access to the research of others and experience difficulty in achieving recognition for their own work. Exchange of ideas in their f...

We analyze new data on the production and use of IT around the world to assess the impact of changes in IT production in the 1990’s on economic development. We provide empirical evidence on a fundamental question: Besides the direct effect on GDP, does an emphasis on IT production have a spillover effect on the level of IT diffusion? We show that the results of our diffusion model indicates tha...

Labels certify that a product meets some standard for quality, but often consumers are unsure of the exact standard that the label represents. Focusing on the case of eco-labels for environmental quality, we show how even small amounts of uncertainty can create consumer confusion that reduces or eliminates the value to firms of adopting voluntary labels. First, consumers are most suspicious of ...

Recent papers have shown that, in contrast to ―the Long Tail‖ theory, movie sales remain concentrated in a small number of hits. These papers have argued that concentrated sales can be explained, in part, by heterogeneity in quality and increasing returns from social effects. Our research analyzes an additional explanation: how incomplete information may skew sales patterns. We use the movie br...

Seeded marketing campaigns (SMCs) involve firms sending product samples to selected customers and encouraging them to spread word of mouth (WOM). Prior research has examined certain aspects of this increasingly popular form of marketing communication, such as seeding strategies and their immediate efficacy. Building on prior research, this study investigates the effects of SMCs that extend beyo...