Firms' growth: Does the innovation system matter?
AbstractThe paper investigates the effects of external sources of knowledge on firm growth. In line with the knowledge spillovers literature, we focus on the relationship between firms and universities, considered as a crucial source of knowledge. To this purpose, we analyse a sample of UK public companies in the period 1995 to 2006. Our findings confirm that both universities' knowledge input and output are important determinants of the growth of entrepreneurial firms.
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Bibliographic InfoArticle provided by Elsevier in its journal Structural Change and Economic Dynamics.
Volume (Year): 20 (2009)
Issue (Month): 3 (September)
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Web page: http://www.elsevier.com/locate/inca/525148
Firm growth Knowledge spillovers Initial public offering;
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