Arbeitspapier

Persistence of innovation and patterns of firm growth

In this work we test if persistent innovators, defined according to different innovation activities (R&D, product and process innovation, patenting) grow more than other firms, and if innovation persistence can contribute to explain the so far little evidence in favor of persistence in growth itself. We exploit a somewhat uniquely long-in-time dataset tracing a representative sample of Spanish manufacturing firms over the period 1990-2012. This allows to overcome the difficulties in the definition of persistent innovators traditionally based on innovation surveys. Our findings, against the expectations, support that persistent innovators do not generally outperform the other firms. First, they do not grow more, and actually we find that, despite some variation across innovation persistence indicators, they even grow less than other firms in the top-quantiles of the growth rates distribution, that is among high-growth firms. Further, persistent innovators do not show higher growth persistence than other firms, in none of the quantiles of the growth rates distribution, independently from the innovation persistence indicator considered.

Sprache
Englisch

Erschienen in
Series: LEM Working Paper Series ; No. 2016/31

Klassifikation
Wirtschaft
Firm Behavior: Empirical Analysis
Innovation; Research and Development; Technological Change; Intellectual Property Rights: General
Single Equation Models; Single Variables: Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions
Thema
firm growth
innovation persistence
product and process innovation
R&D
patents
quantile regressions

Ereignis
Geistige Schöpfung
(wer)
Guarascio, Dario
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, 13:27 MESZ

Objekttyp

  • Arbeitspapier

Beteiligte

  • Guarascio, Dario
  • Tamagni, Federico
  • Scuola Superiore Sant'Anna, Laboratory of Economics and Management (LEM)

Entstanden

  • 2016

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