EconPapers    
Economics at your fingertips  
 

Regional innovation and firm performance

Robert T. Burrus, J. Edward Graham and Adam T. Jones

Journal of Business Research, 2018, vol. 88, issue C, 357-362

Abstract: This paper uses novel measures of innovation and engagement, at the county level in the US, to frame the relationship between innovation levels in a region and the performance of publicly traded firms in those areas. In theory, an innovative community should foster improved firm performance, reinvestment, and continued growth for both the firm and the community, feeding back into firm performance, a virtuous cycle. Our results suggest that inventive activity within a county, measured using a patent index, is positively related to revenue and profit growth, while technical creativity, measured using an index of employment in technical fields, is associated with process improvement and net income growth. Finally, the opportunity to collaborate and interact socially within a community is positively associated with firm performance measures, but with only weak statistical significance for the publicly traded firms in the sample.

Keywords: Innovation; Regional; Firm performance; County level (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S014829631730543X
Full text for ScienceDirect subscribers only

Related works:
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: https://EconPapers.repec.org/RePEc:eee:jbrese:v:88:y:2018:i:c:p:357-362

Access Statistics for this article

Journal of Business Research is currently edited by A. G. Woodside

More articles in Journal of Business Research from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().

 
Page updated 2018-06-23
Handle: RePEc:eee:jbrese:v:88:y:2018:i:c:p:357-362