Linking Technological, Market & Financial Indicators Of Innovation

Joe Tidd, Ciaran Driver and Peter Saunders

Economics of Innovation and New Technology, 1996, vol. 4, issue 3, 155-172

Abstract: This paper describes the results of a feasibility study to develop a national Innovation Scoreboard to measure and track the innovative performance of companies in the UK. It begins with a review of potential technological, market and financial indicators of innovation, and using data in the public domain, develops a trial Innovation Scoreboard based on 40 firms from five different sectors. The preliminary findings suggest that product announcements made in the specialist press may be a viable indicator of innovation at the level of the firm. Specifically, the evidence suggests that product announcements represent a useful measure of innovative output, which combined with expenditure on research and development provide a measure of research efficiency. This measure of research efficiency is shown to be associated with higher market to book values.

Keywords: Technology indicators; innovation indicators; financial indicators; product announcements J.E.L. Codes: 03 (search for similar items in EconPapers)
Date: 1996
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Citations: View citations in EconPapers (5)

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DOI: 10.1080/10438599600000006

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