Firms' growth: Does the innovation system matter?

Lucio Cassia, Alessandra Colombelli and Stefano Paleari

Structural Change and Economic Dynamics, 2009, vol. 20, issue 3, pages 211-220

Abstract: The paper investigates the effects of external sources of knowledge on firm growth. In line with the knowledge spillovers literature, we focus on the relationship between firms and universities, considered as a crucial source of knowledge. To this purpose, we analyse a sample of UK public companies in the period 1995 to 2006. Our findings confirm that both universities' knowledge input and output are important determinants of the growth of entrepreneurial firms.

Keywords: Firm; growth; Knowledge; spillovers; Initial; public; offering (search for similar items in EconPapers)
Date: 2009
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Persistent link: http://EconPapers.repec.org/RePEc:eee:streco:v:20:y:2009:i:3:p:211-220

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