This research explores the antecedents and consequences of market information processing during the development process of new high-tech products. To this end, we develop and test a conceptual model for market information processing in three generic stages of the new product development (NPD) process (predevelopment, development and commercialization). In addition, we explore the relationships between market information processing, its antecedents, and product advantage and success. We test our model with responses from 166 NPD-managers in Dutch high-tech firms. The findings show that the market information processing variables are related differentially to new product outcomes, even when controlling for product advantage and product newness to the market. In addition, we found that companies can enhance market information processing for new high-tech products by influencing project priority and flexibility to new products, and by reducing interdepartmental conflict.

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Competition can be good or bad for innovation by firms. On the one hand it stimulates firms to innovate in order to escape competition, on the other hand it hampers firms to reap additional profits from innovation. The recent literature has embraced a model that describes an inverted-U shape relationship between competition and innovation at the industry-level. With the Price Cost Margin and Profit Elasticity as measures of competition, we find evidence supporting this prediction using industry data from the Dutch National Accounts. Moreover, we test the non-linear relation at the micro-level, with special attention for the role of the distribution of technology within industries. We find evidence that there is a threshold for this 'technology spread' at which the (marginal) effect of competition on innovation activity by firms turns from positive to negative.

PurposeFamily farms, in which business and family life are intricately interwoven, offer an interesting context for better understanding the interdependence between the family and business system. Many family farms struggle to survive, and the succession process is a key period in which the low returns on investment become evident but also the emotional attachment of the family to the farm and the willingness to transfer the business to the next generation. We take the perspective of non-succeeding siblings since they are crucial for a successful succession but their role and position in this process is far from clear. This study will help to increase our knowledge of how fairness is perceived by non-successors and of the impact of perceived (in)justice on the family business system.Design/methodology/approachTo analyze the effect on sibling relationships of an unequal outcome of the succession process, we choose the family farm context. We used interview data from multiple family members from several family farms in the Netherlands in different stages of succession. We utilized a framework based on justice theory to analyze perceptions of fairness among non-succeeding siblings. The central research question for this study is as follows: How do non-succeeding siblings perceive justice with regard to family firm succession?FindingsThe acceptance of the outcomes of the succession process by non-succeeding siblings is influenced by their perception of the fairness of the process itself and decisions made by the incumbent and successor with regard to these outcomes. It seems that stakeholders who occupy multiple roles with conflicting justice perspectives handle these contradictions with the help of an overarching goal—in this study, preserving the continuity of the family farm—and by prioritizing and adjusting the justice perspectives accordingly. The findings further show that both distributive justice and procedural justice are important and interact with each other.Originality/valueOur study contributes to the literature by applying the theoretical framework of distributive and procedural justice to the context of family farm succession. This helps us to understand the position of non-succeeding siblings and their role and position in the succession process, which is important because sibling relationships have a significant impact on family harmony, with potential consequences for the business as well.

Since 2007 Statistics Netherlands has been publishing multifactor productivity statistics at the macro and industry branch level. Updates of these statistics are annually released in StatLine, the online statistical database of Statistics Netherlands. In contrast to most other growth accounting exercises, the official growth accounts of Statistics Netherlands employ an exogenous rate of return to capital to calculate capital services. As a consequence, in the Dutch Growth Accounts output does not necessarily match total production costs. Supplementary to the exogenous model, Statistics Netherlands also publishes growth accounts based on endogenous rates of return. The aim of this paper is to investigate the effects of scaling up capital measurement on input cost shares, contributions to output growth, and productivity, applying both the exogenous and endogenous models. The results show that endogenous rates of return to capital are less applicable in growth accounts in which the coverage of capital is restricted to fixed assets only. The rates of return to capital converge when expanding the capital inputs with additional assets such as land, inventories, and subsoil assets. But this is not necessarily true for the capital contributions to economic growth. Finally, the capitalization of a wider range of intangible assets, beyond the SNA boundaries, has particularly for the 1995-2001 period a significant effect on the Dutch Growth Accounting results, irrespective of using either an exogenous or an endogenous rate of return to capital. JEL Codes: E01, E22, O40