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
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Englisch
- Erschienen in
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Series: LEM Working Paper Series ; No. 2016/03
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
product and process innovation
internal and external R&D
embodied and disembodied technical change
fixed-effects quantile regressions
complementarity
Pellegrino, Gabriele
Tamagni, Federico
- Handle
- Letzte Aktualisierung
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20.09.2024, 08:21 MESZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Bianchini, Stefano
- Pellegrino, Gabriele
- Tamagni, Federico
- Scuola Superiore Sant'Anna, Laboratory of Economics and Management (LEM)
Entstanden
- 2016