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New Product Development and Firm Value in Mobile Handset Production

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  • Koski, Heli
  • Kretschmer, Tobias

Abstract

We study the effect of new product introduction on firm value. Using a unique sample on mobile phone handset introduction by 16 major handset manufacturers over 10 years, we distinguish between imitative product introduction and truly innovative product introduction. We find that while most product introduction is imitative, both types of innovation increase firm value. However, truly innovative innovation is found to increase firm value by more than imitative introductions.

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Bibliographic Info

Paper provided by The Research Institute of the Finnish Economy in its series Discussion Papers with number 1174.

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Length: 16 pages
Date of creation: 2009
Date of revision:
Handle: RePEc:rif:dpaper:1174

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Keywords: product innovation; mobile telephony; firm value;

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References

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  1. Paul A. David & Gavin Wright, 1999. "General Purpose Technologies and Surges in Productivity: Historical Reflections on the Future of the ICT Revolution," Oxford University Economic and Social History Series _031, Economics Group, Nuffield College, University of Oxford.
  2. Bronwyn H. Hall, 1999. "Innovation and Market Value," NBER Working Papers 6984, National Bureau of Economic Research, Inc.
  3. Heli Koski & Tobias Kretschmer, 2007. "Innovation and Dominant Design in Mobile Telephony," Industry and Innovation, Taylor & Francis Journals, vol. 14(3), pages 305-324.
  4. Czernich, Nina & Falck, Oliver & Kretschmer, Tobias & Wößmann, Ludger, 2011. "Broadband Infrastructure and Economic Growth," Munich Reprints in Economics 20033, University of Munich, Department of Economics.
  5. Röller, Lars-Hendrik & Waverman, Leonard, 2000. "Telecommunications Infrastructure And Economic Development: A Simultaneous Approach," CEPR Discussion Papers 2399, C.E.P.R. Discussion Papers.
  6. Paul A. David & Gavin Wright, 2005. "General Purpose Technologies and Productivity Surges: Historical Reflections on the Future of the ICT Revolution," Economic History 0502002, EconWPA.
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Cited by:
  1. Joan Crespo & Raphaël Suire & Jérôme Vicente, 2013. "Network structural properties for cluster long run dynamics. Evidence from collaborative R&D networks in the European mobile phone industry," Economics Working Paper Archive (University of Rennes 1 & University of Caen) 201336, Center for Research in Economics and Management (CREM), University of Rennes 1, University of Caen and CNRS.
  2. Jorge Alberto Rivera Godoy, 2012. "La incidencia de la innovación sobre la creación de valor: propuesta de un modelo desde la perspectiva financiera," REVISTA FACULTAD DE CIENCIAS ECONÓMICAS, UNIVERSIDAD MILITAR NUEVA GRANADA.

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