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Risk attitude, product innovation, and firm growth. Evidence from Italian manufacturing firms

Marco Cucculelli and Barbara Ermini

Economics Letters, 2013, vol. 118, issue 2, 275-279

Abstract: We study the impact of individual risk attitude on the relationship between product innovation and firm performance, in a model of firm growth with endogenous product selection. We exploit a unique dataset collecting firm-level data on new product introductions and individual attitudes towards risk elicited from a lottery.

Keywords: Risk attitude; Entrepreneurship; Product innovation; Firm growth (search for similar items in EconPapers)
JEL-codes: D81 L25 L26 O32 (search for similar items in EconPapers)
Date: 2013
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