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Product innovation and firm growth: evidence from the integrated circuit industry

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  • Marco Corsino
  • Roberto Gabriele

Abstract

Applied research on growth and innovation would seem to suggest that successful innovations do not enhance firm expansion significantly. This article tests the hypothesis that the level of observation typical of applied research hampers the identification of a significant association between innovation and sales growth rates. Exploiting a unique data set, we find that incremental product innovations commercialized in the immediate past positively affect the revenue streams of specialized business units operating in dynamic environments. Copyright 2011 The Author 2010. Published by Oxford University Press on behalf of Associazione ICC. All rights reserved., Oxford University Press.

Suggested Citation

  • Marco Corsino & Roberto Gabriele, 2011. "Product innovation and firm growth: evidence from the integrated circuit industry," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 20(1), pages 29-56, February.
    • Handle: RePEc:oup:indcch:v:20:y:2011:i:1:p:29-56
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    File URL: http://hdl.handle.net/10.1093/icc/dtq050
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