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Is the R&D behaviour of fast-growing SMEs different? Evidence from CIS III data for 16 countries

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  • Werner Hölzl

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Abstract

This paper studies the R&D behaviour of fast growing SMEs using CIS III data for 16 countries. We group the countries into three groups that roughly have the same position in technological development. The first finding is that R&D is more important to high growth SMEs in countries that are closer to the technological frontier. The second finding is that high growth SMEs are more innovative than non-high-growth SMEs only for countries close to the technological frontier. This suggests that gazelles derive much of their drive from the exploitation of comparative advantages. From a policy perspective this suggests that there are important limits to centralise policies that aim at fostering high growth SMEs.

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Bibliographic Info

Article provided by Springer in its journal Small Business Economics.

Volume (Year): 33 (2009)
Issue (Month): 1 (June)
Pages: 59-75

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Handle: RePEc:kap:sbusec:v:33:y:2009:i:1:p:59-75

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Web page: http://www.springerlink.com/link.asp?id=100338

Related research

Keywords: R&D; High-growth firms; Europe; CIS; L25; L26; O31; P52;

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References

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  1. Alex Coad & Rekha Rao, 2007. "Innovation and Firm Growth in High-Tech Sectors: A Quantile Regression Approach," Open Discussion Papers in Economics 57, The Open University, Faculty of Social Sciences, Department of Economics.
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Citations

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Cited by:
  1. Alessandra Colombelli & Jackie Krafft & Francesco Quatraro, 2012. "High Growth Firms and Technological Knowledge: Do gazelles follow exploration or exploitation strategies?," Working Papers hal-00666707, HAL.
  2. Nunes, Paulo Maçãs & Serrasqueiro, Zélia & Leitão, João, 2012. "Is there a linear relationship between R&D intensity and growth? Empirical evidence of non-high-tech vs. high-tech SMEs," Research Policy, Elsevier, vol. 41(1), pages 36-53.
  3. Block, J.H. & Thurik, A.R. & Zhou, H., 2009. "What Turns Knowledge into Innovative Products? The Role of Entrepreneurship and Knowledge Spillovers," ERIM Report Series Research in Management ERS-2009-049-ORG, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus Uni.
  4. Fernandes, Cristina & Ferreira, João & Raposo, Mario, 2013. "Drivers to firm innovation and their effects on performance: An international comparison," MPRA Paper 46776, University Library of Munich, Germany.
  5. Daunfeldt, Sven-Olov & Elert, Niklas & Johansson, Dan, 2010. "The economic contribution of high-growth firms: Do definitions matter?," HUI Working Papers 35, HUI Research.
  6. Alex Coad & Rekha Rao, 2010. "R&D and firm growth rate variance," Economics Bulletin, AccessEcon, vol. 30(1), pages 702-708.
  7. García-Manjón, Juan V. & Romero-Merino, M. Elena, 2012. "Research, development, and firm growth. Empirical evidence from European top R&D spending firms," Research Policy, Elsevier, vol. 41(6), pages 1084-1092.
  8. Werner Hölzl & Klaus Friesenbichler, 2010. "High-growth firms, innovation and the distance to the frontier," Economics Bulletin, AccessEcon, vol. 30(2), pages 1016-1024.
  9. José Albors-Garrigos & José L. Hervas-Oliver, 2011. "Making sense of innovation by R&D and non-R&D innovators in low technology contexts: a forgotten lesson for policymakers," Working Papers. Serie EC 2011-06, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  10. Cucculelli, Marco & Ermini, Barbara, 2012. "New product introduction and product tenure: What effects on firm growth?," Research Policy, Elsevier, vol. 41(5), pages 808-821.
  11. Nasr, Sahar & Rostom, Ahmed, 2013. "SME contributions to employment, job creation, and growth in the Arab world," Policy Research Working Paper Series 6682, The World Bank.
  12. H. T. Tran & E. Santarelli, 2013. "Revisiting Italian Emigration Before the Great War: A Test of the Standard Economic Model," Working Papers wp909, Dipartimento Scienze Economiche, Universita' di Bologna.

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