How do young innovative companies innovate?

Arbeitspapier

This paper discusses the determinants of product innovation in young innovative companies (YICs) by looking at in-house and external R&D and at the acquisition of external technology in embodied and disembodied components. These input-output relationships are tested on a sample of innovative Italian firms. A sample-selection approach is applied. Results show that in-house R&D is linked to the propensity to introduce product innovation both in mature firms and YICs; however, innovation intensity in the YICs is mainly dependent on embodied technical change from external sources, while -in contrast with the incumbent firms- in-house R&D does not play a significant role.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Jena Economic Research Papers ; No. 2009,055

Classification and Topics

• Classification: Wirtschaft ; Innovation and Invention: Processes and Incentives
• Subject: R&D ; product innovation ; embodied technical change ; CIS 3 ; sample selection ; Innovation ; Unternehmensgründung ; Industrielle Forschung ; Make or Buy ; Wissenstransfer ; Forschungskooperation ; Italien

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Pellegrino, Gabriele ; Piva, Mariacristina ; Vivarelli, Marco
• Event: Veröffentlichung
• (who): Friedrich Schiller University Jena and Max Planck Institute of Economics
• (where): Jena
• (when): 2009

Further information

• Handle: http://hdl.handle.net/10419/32564
• Last update: 10.03.2025, 11:41 AM CET