Measuring Innovation Competencies and Performances: A Survey of Large Firms in Belgium

Carine Peeters () and Bruno van Pottelsberghe de la Potterie
Authors registered in the RePEc Author Service: Bruno van Pottelsberghe de la Potterie ()

No 03-16, IIR Working Paper from Institute of Innovation Research, Hitotsubashi University

Abstract: Based on original survey data, this paper provides evidence on firms' innovation competencies and performances in Belgium. The relationship with firm size and technological opportunity is systematically evaluated. The first conclusion is that firms recognize the strategic importance of innovation but fail to undertake the "practical" steps to develop it. Large firms globally better master innovation competencies. However, small firms allocate the largest share of profits to finance innovative projects. In terms of performances, small and large firms, as opposed to medium ones, show the best results for their R&D investments and patent applications. It is also shown that the share of turnover due to incremental innovation is the highest within small firms, while technological breakthroughs are more important within large firms. There is a positive relation between technological opportunity and innovation competencies, R&D investments and patent applications. Services firms have relatively weak records on all innovation indicators but perform well concerning human resources, educational activities and the management of market information. Foreign firms invest significantly less in R&D than local firms. Finally costs- and risks-related barriers to innovation are the most important to all firms, whatever the size and technological opportunity.

Keywords: Innovation competencies; Innovation performances; Barriers to innovation; Survey data (search for similar items in EconPapers)
JEL-codes: L25 O31 O32 O34 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2003-09
References: Add references at CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
https://hermes-ir.lib.hit-u.ac.jp/hermes/ir/re/15978/070iirWP03-16.pdf

Related works:
Working Paper: Measuring innovation competencies and performances: a survey of large firms in Belgium (2003)
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:hit:iirwps:03-16

Access Statistics for this paper

More papers in IIR Working Paper from Institute of Innovation Research, Hitotsubashi University Contact information at EDIRC.
Bibliographic data for series maintained by Digital Resources Section, Hitotsubashi University Library ().