Determinants of European Firm’s Innovation and the Role of Public Financial Support

Artikel

Innovation activities at firm-level are often significantly influenced by factors that determine the outcome of the innovation process. The primary aim of this paper is to study and empirically verify the role of several determinants that affect company innovations in the European Union. The dataset for the analysis comes from Flash Eurobarometer 394 survey carried out in early 2014 and covers issues related to innovation activities, commercialization of innovation and also public support. We summarize the answers on selected questions from the survey by country, and subsequently based on the dataset, we perform regression analysis. In line with our primary assumptions, our results suggest that R&D activities on firm-level and their support represent the key factors substantially responsible for innovations. The work emphasizes the importance of firm characteristics and substantial differences between different types of innovation. Public sector support of innovation is also crucial.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: European Financial and Accounting Journal ; ISSN: 1805-4846 ; Volume: 9 ; Year: 2014 ; Issue: 1 ; Pages: 62-84 ; Prague: University of Economics, Faculty of Finance and Accounting

Classification and Topics

• Classification: Management ; Firm Performance: Size, Diversification, and Scope ; Innovation; Research and Development; Technological Change; Intellectual Property Rights: General ; Innovation and Invention: Processes and Incentives
• Subject: Innovation ; Public support ; Firm ; R&D activities

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Huňady, Jan ; Orviská, Marta ; Šarkanová, Beata
• Event: Veröffentlichung
• (who): University of Economics, Faculty of Finance and Accounting
• (where): Prague
• (when): 2014

Further information

• DOI: doi:10.18267/j.efaj.115
• Handle: http://hdl.handle.net/10419/109920
• Last update: 10.03.2025, 11:43 AM CET