Arbeitspapier

Innovation strategies and firm growth

In this work, we explore the relations between sales growth and a set of innovation indicators that capture the different sources, modes and results of the innovative activity undertaken within firms. We exploit a rich panel on innovation activity of Spanish manufacturing firms, reporting detailed CIS-type information continuously over the period 2004-2011. Standard GMM-panel estimates of the average effect of innovation activities reveal significant and positive effect for internal R&D, while no effect is found for external sourcing of knowledge (external R&D, acquisition of embodied and disembodied technologies) as well as for output of innovation (process and product innovation). However, fixed-effects quantile regressions reveal that innovation activities, apart from process innovation and disembodied technical change, display a positive effect on high-growth performance. Finally, we find evidence of super-modularity of the growth function, revealing complementarities of internal R&D with product innovation, and between product and process innovation.

Sprache
Englisch

Erschienen in
Series: LEM Working Paper Series ; No. 2016/03

Klassifikation
Wirtschaft
Single Equation Models; Single Variables: Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions
Firm Behavior: Empirical Analysis
Innovation and Invention: Processes and Incentives
Management of Technological Innovation and R&D
Thema
firm growth
product and process innovation
internal and external R&D
embodied and disembodied technical change
fixed-effects quantile regressions
complementarity

Ereignis
Geistige Schöpfung
(wer)
Bianchini, Stefano
Pellegrino, Gabriele
Tamagni, Federico
Ereignis
Veröffentlichung
(wer)
Scuola Superiore Sant'Anna, Laboratory of Economics and Management (LEM)
(wo)
Pisa
(wann)
2016

Handle
Letzte Aktualisierung
12.07.2024, 13:20 MESZ

Objekttyp

  • Arbeitspapier

Beteiligte

  • Bianchini, Stefano
  • Pellegrino, Gabriele
  • Tamagni, Federico
  • Scuola Superiore Sant'Anna, Laboratory of Economics and Management (LEM)

Entstanden

  • 2016

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