How Do Young Innovative Companies Innovate?

Gabriele Pellegrino, Mariacristina Piva () and Marco Vivarelli ()
Additional contact information
Gabriele Pellegrino: Università Cattolica del Sacro Cuore

No 4301, IZA Discussion Papers from Institute for the Study of Labor (IZA)

Abstract: This paper discusses the determinants of product innovation in young innovative companies (YICs) by looking at in-house and external R&D and at the acquisition of external technology in embodied and disembodied components. These input-output relationships are tested on a sample of innovative Italian firms. A sample-selection approach is applied. Results show that in-house R&D is linked to the propensity to introduce product innovation both in mature firms and YICs; however, innovation intensity in the YICs is mainly dependent on embodied technical change from external sources, while − in contrast with the incumbent firms − in-house R&D does not play a significant role.

Keywords: R&D; product innovation; embodied technical change; CIS 3; sample selection (search for similar items in EconPapers)
JEL-codes: O31 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-com, nep-eff, nep-ent, nep-ino, nep-ipr, nep-knm, nep-sbm and nep-tid
Date: 2009-07
View list of references

Downloads: (external link)
http://ftp.iza.org/dp4301.pdf (application/pdf)

Related works:
Working Paper: How do young innovative companies innovate? (2009)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:iza:izadps:dp4301

Ordering information: This working paper can be ordered from
IZA, Margard Ody, P.O. Box 7240, D-53072 Bonn, Germany

Access Statistics for this paper

More papers in IZA Discussion Papers from Institute for the Study of Labor (IZA)
Address: IZA, P.O. Box 7240, D-53072 Bonn, Germany
Contact information at EDIRC.
Series data maintained by Mark Fallak ().