Firm leadership and innovative performance: evidence from seven EU Countries

Kornelius Kraft and Dirk Czarnitzki

No 01-35, ZEW Discussion Papers from ZEW - Leibniz Centre for European Economic Research

Abstract: This paper considers the effect of different firm leadership on the innovative performance of firms from seven EU countries. We investigate whether owner-led or manager-led firms achieve a larger share of their turnover with product innovations. Economic theory does not propose clear answers to this question. In the empirical analysis, it turns out that the manager-led firms are more active innovators : the share of sales based on new products is larger if firms' managers do not hold any of the firms' capital. Surprisingly, there are no differences between the seven countries included in the regression analysis.

Keywords: R&D; Product Innovations; Manager; Tobit; Fractional Response Model (search for similar items in EconPapers)
JEL-codes: C24 D21 O31 O32 (search for similar items in EconPapers)
Date: 2001
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Citations: View citations in EconPapers (4)

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Journal Article: Firm Leadership and Innovative Performance: Evidence from Seven EU Countries (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:zewdip:5390

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