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Innovative events: product launches, innovation and firm performance

Max Nathan () and Anna Rosso

Research Policy, 2022, vol. 51, issue 1

Abstract: In this paper, we shed new light on the links between firm-level innovation and growth. We introduce data that capture a difficult-to-observe aspect of firms' innovative activity – new product/service launches – at scale. We show that our novel measures complement existing innovation metrics. We build a simple framework covering firm-level innovation, launches and revenue productivity. Then, we show positive linkages between past patenting and launches and between launches and performance for a large panel of small and medium-sized enterprises (SMEs) in the UK. We go on to explore the roles of age, size, industry and product/service quality in these relationships. A subset of SMEs with high-quality launches explains our results.

Keywords: innovation; productivity; ICT; data science (search for similar items in EconPapers)
JEL-codes: C55 L86 O40 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eee:respol:v:51:y:2022:i:1:s0048733321001700

DOI: 10.1016/j.respol.2021.104373

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