Arbeitspapier
Explaining Growth Differences across Firms: The Interplay between Innovation and Management Practices
This paper provides first empirical evidence of the joint effects that innovation strategies and human resource management practices exert on firm growth. By exploiting unique information from a large sample of Italian manufacturing companies in the very recent years, it shows that investing in technology and implementing performance-based pay policies are both positively associated with a significant turnover, employment and labor productivity growth premium. However, their joint adoption does not necessarily sum the two effects. In particular, performance-based rewards boost growth of non-innovators and of firms pursuing relatively simple innovation strategies, centered around the acquisition of embodied technology. For firms strongly relying on R&D as an additional lever for product and process upgrading, the estimated effect of having in place monetary incentive mechanisms is null or even negative.
- Sprache
-
Englisch
- Erschienen in
-
Series: JRC Working Papers on Corporate R&D and Innovation ; No. 03/2018
- Klassifikation
-
Wirtschaft
Firm Objectives, Organization, and Behavior: General
Business Economics
Innovation; Research and Development; Technological Change; Intellectual Property Rights: General
- Thema
-
Heterogeneity
Innovation
Management Practices
Firm Growth
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Romano, Livio
- Ereignis
-
Veröffentlichung
- (wer)
-
European Commission, Joint Research Centre (JRC)
- (wo)
-
Seville
- (wann)
-
2018
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Romano, Livio
- European Commission, Joint Research Centre (JRC)
Entstanden
- 2018
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