In Times of Economic Crisis: Innovation With, or Without, R&D Activities? An Analysis of Spanish Companies

Francisca Sempere-Ripoll () and Jose-Luis Hervás-Oliver ()
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Francisca Sempere-Ripoll: Universitat Politècnica de València
Jose-Luis Hervás-Oliver: Universitat Politècnica de València

Chapter Chapter 17 in Entrepreneurship, Innovation and Economic Crisis, 2014, pp 159-166 from Springer

Abstract: Abstract Analysis of non-R&D innovators—firms that successfully innovate without conducting R&D activities in-house—is an emerging topic in the innovation literature. Surprisingly, little is known about how they differ from R&D innovators. This paper’s goal is to understand those differences and their persistence in times of economic crisis. From analysing 2011 CIS data, results suggest that for non-R&D innovators: (a) the innovation process has been persistent across different time periods, and that, therefore, firms have innovated whatever the environmental economic conditions; (b) the acquisition of equipment, machinery, and software has been the form most used for acquiring knowledge; (c) in times of economic crisis, the non-R&D strategy is strengthened by a high commitment to acquiring ready-to-use knowledge, rather than relying on uncertain R&D activities; that is, in times of crisis, non-R&D innovators invest more intensively in non-R&D activities than do R&D innovators. Non-R&D innovation represents 50 % of innovation in Europe. At times of economic crisis, it is a more suitable, innovation strategy.

Keywords: Process Innovation; Product Innovation; External Knowledge; Innovation Strategy; Innovation Survey (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-319-02384-7_17

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DOI: 10.1007/978-3-319-02384-7_17

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