How do young innovative companies innovate?

Gabriele Pellegrino, Mariacristina Piva () and Marco Vivarelli ()
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Gabriele Pellegrino: Universita Cattolica del Sacro Cuore, Piacenza and Milano

No 2009-055, Jena Economic Research Papers in Economics from Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics, Thueringer Universitaets- und Landesbibliothek

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-eff, nep-ent, nep-ino, nep-knm and nep-sbm
Date: 2009-08-06

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Related works:
Working Paper: How Do Young Innovative Companies Innovate? (2009)
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Persistent link: http://EconPapers.repec.org/RePEc:jrp:jrpwrp:2009-055

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