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"YouTube is like the free market of knowledge".
Indeed, a distinguishing feature of the present era is local markets for knowledge, sub-systems of a global market of knowledge.
It is, in the end, the better way to do science, one in which there is less duplication of effort, less fraud, more reproducibility, more return on investment, and faster times to market of knowledge.
Between the domain of the 'sole trader' independent researcher and the global market of knowledge production and transfer lies the domain of the institution.
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In line with theory we show that this effect varies with the market value of knowledge, and the allocation of property rights.
The true market value of knowledge increases fast, and it is vital to keep the material and immaterial capital values in balance.
Aside from marketing, there are several other obstacles to entry in terms of accessing new markets – lack of knowledge being one of them.
In summary, the results of H3 and H4 partially support the Uppsala model, which proposes the importance of market knowledge and market commitment to international market involvement decisions.
But how many millions of people out of fear, lack of market knowledge, or the need to cash in their market holdings simply to survive the years beginning in 2007 when the Great Recession began until now, didn't receive the benefit of the market recovery?
Foreign investments are hampered by taxation, small domestic market size, lack of knowledge about Finland and its strengths, and distant location [58].
This finding confirmed the imperative role of market knowledge for foreign market involvement decisions in previous studies (e.g., Vida et al. 2000).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com