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R&D, firm growth and the role of innovation persistence
R&D investment and growth in SMEs and large firms relate in a complex way. This paper analyses what role persistence of innovation output plays in shaping that relationship. We apply a vector auto-regression model to Finnish firm-level data and summarize the lead-lag relationship and complex co-...
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| LEADER | 01517nab a22001937a 4500 | ||
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| 100 | |a Deschryvere, Matthias | ||
| 245 | |a R&D, firm growth and the role of innovation persistence |c an analysis of Finnish SMEs and large firms / Deschryvere, | ||
| 300 | |a 767 - 785 | ||
| 520 | |a R&D investment and growth in SMEs and large firms relate in a complex way. This paper analyses what role persistence of innovation output plays in shaping that relationship. We apply a vector auto-regression model to Finnish firm-level data and summarize the lead-lag relationship and complex co-movements of R&D growth and firm growth series. We found only continuous product and process innovators to have positive associations between R&D growth and sales growth. Also the associations between sales growth and subsequent R&D growth were stronger for continuous innovators than for occasional innovators, but only for product innovators. In the case of process innovators it is the occasional innovators that exhibit a stronger association between sales growth and subsequent R&D growth. In addition, our results vary between large and small firms. We express the need for further research on innovation dynamics and growth of SMEs analysing the interactions between different innovation activities. | ||
| 650 | |a Finland | ||
| 650 | |a Panel Var | ||
| 650 | |a Smes | ||
| 650 | |a Innovation | ||
| 650 | |a R&D | ||
| 650 | |a Research & Development | ||
| 650 | |a Firm Growth | ||
| 773 | |a Small Business Economics |d | ||
| 999 | |c 42247 |d 42247 | ||