Governance, Firm Size and Innovative Capacity: Regional Empirical Evidence for Germany

Vera Jahn and Michael Berlemann ()

VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy from Verein für Socialpolitik / German Economic Association

Abstract: Successful innovation is a precondition for economic prosperity. While various potential determinants of innovative activity have been considered, little empirical evidence is yet available for the influence of firm governance issues. This paper aims at filling this gap in the literature by studying whether the relative importance of owner-managed small and medium sized enterprises has an effect on regional innovative capacity. We therefore combine patent data with data from the firm database of Creditreform, containing information on the governance structure of regional operating enterprises. Using a cross section of German NUTS-3-regions, we identify a significantly positive relation between the relative importance of owner-managed SMEs and innovative capacity. This finding is highly robust when controlling for various sorts of spatial correlation.

JEL-codes: C21 D23 O31 (search for similar items in EconPapers)
Date: 2014
New Economics Papers: this item is included in nep-bec, nep-cse, nep-ent, nep-eur, nep-geo, nep-ino, nep-sbm and nep-ure
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Citations: View citations in EconPapers (2)

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Working Paper: Governance, Firm Size and Innovative Capacity: Regional Empirical Evidence for Germany (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:vfsc14:100412

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