Driving business performance: innovation complementarities and persistence patterns
Maurizio Baussola () and
No dises1613, DISCE - Quaderni del Dipartimento di Scienze Economiche e Sociali from Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE)
Complementarities between technological and non-technological innovation are crucial determinants of firm performance. This topic has not received the attention that it merits, as the focus has been primarily placed on technological innovation alone or on innovation efforts as measured by R&D or patent activities. The capacities to develop market-oriented behaviour and introduce new organisational innovations are the drivers - together with technological innovation - of a firm's productivity and profitability. We also underline how the impact of such activities is larger when they persist over time, thus introducing a more general concept of innovation persistency. We present an empirical model based on a large and new panel of Italian manufacturing firms covering the period 2000-2012 that enables us to derive the precise impacts of a firm's innovative effort - based on a broad definition that incorporates non-technological innovation and persistence - on its productivity and profitability.
Keywords: Technological and non-technological innovation; Complementarities; European Community Innovation Survey; Profitability; Productivity; Unbalanced panel data (search for similar items in EconPapers)
JEL-codes: L25 O30 O32 O33 (search for similar items in EconPapers)
Pages: 29 pages
New Economics Papers: this item is included in nep-bec, nep-cse, nep-eff, nep-ino, nep-sbm and nep-tid
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Journal Article: Driving business performance: innovation complementarities and persistence patterns (2018)
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