How Do Young Innovative Companies Innovate?

Gabriele Pellegrino, Mariacristina Piva and Marco Vivarelli ()

No 4301, IZA Discussion Papers from IZA Network @ LISER

Abstract: This paper discusses the determinants of product innovation in young innovative companies (YICs) by looking at in-house and external R&D and at the acquisition of external technology in embodied and disembodied components. These input-output relationships are tested on a sample of innovative Italian firms. A sample-selection approach is applied. Results show that in-house R&D is linked to the propensity to introduce product innovation both in mature firms and YICs; however, innovation intensity in the YICs is mainly dependent on embodied technical change from external sources, while ? in contrast with the incumbent firms ? in-house R&D does not play a significant role.

Keywords: R&D; product innovation; embodied technical change; CIS 3; sample selection (search for similar items in EconPapers)
JEL-codes: O31 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2009-07
New Economics Papers: this item is included in nep-com, nep-eff, nep-ent, nep-ino, nep-ipr, nep-pr~, nep-knm, nep-sbm and nep-tid
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

Published - published in: Structural Change and Economic Dynamics, 2012, 23 (4), 329-340

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Working Paper: How do young innovative companies innovate? (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:iza:izadps:dp4301

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