The impact of the 2008 financial crisis on innovation: A dominant design perspective

Alexander Brem, Petra Nylund and Eric Viardot

Journal of Business Research, 2020, vol. 110, issue C, 360-369

Abstract: The purpose of this study is to evaluate the impact of the 2008 financial crisis on innovation, as measured by the emergence of dominant designs. A negative impact is substantiated theoretically and empirically, based on longitudinal patent data from the OECD. This study also finds evidence for the moderating impact of globalization on the relationship between innovative performance and the emergence of dominant design. Thus, globalization is more important with regard to the establishment of dominant designs than it was before the financial crisis of 2008. Further, it is found that following the crisis, science-based industries tend to have more dominant designs than other industries.

Keywords: Financial crisis; Innovation; Dominant design; Globalization; Science-based industries (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (27)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbrese:v:110:y:2020:i:c:p:360-369

DOI: 10.1016/j.jbusres.2020.01.048

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