The R&D funding scenario: Can capabilities foster product innovation of firms? El escenario de financiación de I + D: ¿pueden las capacidades fomentar la innovación de productos de las empresas?

El escenario de financiación de I + D: ¿pueden las capacidades fomentar la innovación de productos de las empresas?

Martha Torres-Barreto (), Marianela Briceño () and Mileidy Alvarez-Melgarejo ()
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Martha Torres-Barreto: UIS - Universidad Industrial de Santander [Bucaramanga]
Marianela Briceño: UPB - Universidad Pontificia Bolivariana

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Abstract: Product innovation is a widespread scheme of organizational innovation recognized by OECD (2005), hence the concept of innovation itself has driven much attention of many agendas as the Strategic European Research one (European Commision, 2013). In this artecle we develop an analytical model of the technological impact of public funding for private R&D activities in terms of product innovations achieved, to study if its differential effects among firms depend to some extent on firm´s resources and capabilities. This analysis is based on firm level data from the manufactory industry under the ESSE (Spanish survey for Firms Strategy), for the period 2000-2012. We identify the technological activities of 3350 Spanish firms, characterize their resources and capabilities and identify the most relevant ones regarding its influence on product innovation. We detect that both: public R&D funds and private investment help in the new product generation; but also, that the innovation capabilities and inter-firm cooperation positively affect the technological outcome.

Keywords: Capabilities; innovation; public funding; resources.; Capacidades; innovación; financiamiento público; recursos. (search for similar items in EconPapers)
Date: 2018-09-04
New Economics Papers: this item is included in nep-cse, nep-knm and nep-sbm
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