Journal article
The Relationship between Innovation and Market Share: Evidence from the Global LCD Industry
Industry and innovation, v 20(1), pp 1-21
01 Jan 2013
Featured in Collection : UN Sustainable Development Goals @ Drexel
Abstract
We investigate the impact of technological capability on firm market share using technology investment data in the global thin-film-transistor liquid-crystal-display panel industry from 1999 to 2007. The Arellano-Bond estimation of the dynamic panel model indicates that prior technological capability is positively correlated with current market share. The magnitude of this effect appears economically substantial: an improvement of technological capability by one standard deviation implied a permanent increase of 2.6 percent-point in quarterly market share, a return tantamount to $470 million in 2007 sales. The Granger test reveals that technological capability helps to predict future market share, but that the inverse is not true.
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Details
- Title
- The Relationship between Innovation and Market Share: Evidence from the Global LCD Industry
- Creators
- Jeongsik Lee - Ernest Scheller Jr. College of Business, Georgia Institute of TechnologyByung-Cheol Kim - School of Economics, Georgia Institute of Technology
- Publication Details
- Industry and innovation, v 20(1), pp 1-21
- Publisher
- Taylor & Francis Group
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Management
- Web of Science ID
- WOS:000315677100001
- Scopus ID
- 2-s2.0-84873884185
- Other Identifier
- 991014877978504721
UN Sustainable Development Goals (SDGs)
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Source: SDGs in the Output
InCites Highlights
Data related to this publication, from InCites Benchmarking & Analytics tool:
- Web of Science research areas
- Economics
- Management