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Effects of innovation on firm performance

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  • Stefan Lachenmaier

Abstract

This study was prepared by Stefan Lachenmaier while he was working with the Ifo Institute for Economic Research. It was completed in March 2007 and was accepted as a doctoral thesis by the Economics Department of the University of Munich (LMU). The subject of this study is an econometric analysis of the effects of innovation on firm performance. The main data source for this analysis is the Ifo Innovation Survey, which has provided yearly, firm-level data on innovation since 1982. Following two introductory chapters on innovation, the data set is introduced and explained in detail. Subsequent chapters analyze the effects of different types of innovation on four measures of firm performance, viz. sales, labor productivity, employment and exports. The econometric approach addresses the problems of unobserved firm heterogeneity as well as the potential endogeneity of innovation with respect to firm performance and its dynamics. Taken together, the results indicate that innovations show positive effects on sales, labor productivity and employment; the effects on exports are less clear.

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Bibliographic Info

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This book is provided by Ifo Institute for Economic Research at the University of Munich in its series ifo Beiträge zur Wirtschaftsforschung with number 28 and published in 2007.

Handle: RePEc:ces:ifobei:28

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Related research

Keywords: Innovation; Patent; Forschung; Unternehmensentwicklung; Vertrieb; Arbeitsproduktivität; Beschäftigung; Export; Panel;

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Cited by:
  1. Ernst, Daniel & Stoetzer, Matthias-Wolfgang, 2012. "Beschäftigungseffekte von Innovationen auf Unternehmensebene: Ein Überblick theoretischer und empirischer Befunde," Wirtschaftswissenschaftliche Schriften 03/2012, University of Applied Sciences Jena, Department of Business Administration.
  2. Falck, Oliver & Heblich, Stephan & Kipar, Stefan, 2011. "Incumbent innovation and domestic entry," Munich Reprints in Economics 20566, University of Munich, Department of Economics.
  3. Oliver Falck & Stefan Kipar & Ludger Wößmann, 2011. "Innovationstätigkeit von Unternehmen : die Rolle von Qualifikationen, Kooperationen und Clusterpolitik," ifo Beiträge zur Wirtschaftsforschung, Ifo Institute for Economic Research at the University of Munich, number 38.
  4. Oliver Falck & Stefan Kipar, 2010. "Die High-Tech-Offensive im Freistaat Bayern," Ifo Schnelldienst, Ifo Institute for Economic Research at the University of Munich, vol. 63(03), pages 21-26, 02.
  5. Klaus Abberger & Sascha O. Becker & Barbara Hofmann & Klaus Wohlrabe, 2007. "Mikrodaten im ifo Institut für Wirtschaftsforschung: Bestand, Verwendung, Zugang," Ifo Working Paper Series Ifo Working Paper No. 44, Ifo Institute for Economic Research at the University of Munich.
  6. Oliver Falck & Stephan Heblich & Stefan Kipar, 2008. "The Extension of Clusters: Difference-in-Differences Evidence from the Bavarian State-Wide Cluster Policy," CESifo Working Paper Series 2463, CESifo Group Munich.
  7. Sascha O. Becker & Klaus Wohlrabe, 2007. "Micro Data at the Ifo Institute for Economic Research – The “Ifo Business Survey”, Usage and Access," Ifo Working Paper Series Ifo Working Paper No. 47, Ifo Institute for Economic Research at the University of Munich.
  8. Sabine Engelmann & Michaela Fuchs, 2008. "Bestimmungsfaktoren der Unterschiede einzelbetrieblicher Exportaktivitäten in Ost- und Westdeutschland," ifo Dresden berichtet, Ifo Institute for Economic Research at the University of Munich, vol. 15(01), pages 21-32, 02.
  9. Nina Czernich, 2011. "The emergence of broadband internet and consequences for economic and social development," ifo Beiträge zur Wirtschaftsforschung, Ifo Institute for Economic Research at the University of Munich, number 37.
  10. Volker Zimmermann, 2009. "The Impact of Innovation on Employment in Small and Medium Enterprises with Different Growth Rates," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), Justus-Liebig University Giessen, Department of Statistics and Economics, vol. 229(2-3), pages 313-326, June.
  11. Falck, Oliver & Heblich, Stephan & Kipar, Stefan, 2010. "Industrial innovation: Direct evidence from a cluster-oriented policy," Regional Science and Urban Economics, Elsevier, vol. 40(6), pages 574-582, November.
  12. Schmiedeberg, Claudia, 2008. "Complementarities of innovation activities: An empirical analysis of the German manufacturing sector," Research Policy, Elsevier, vol. 37(9), pages 1492-1503, October.
  13. Sascha O. Becker & Klaus Wohlrabe, 2008. "European Data Watch: Micro Data at the Ifo Institute for Economic Research – The “Ifo Business Survey”, Usage and Access," Schmollers Jahrbuch : Journal of Applied Social Science Studies / Zeitschrift für Wirtschafts- und Sozialwissenschaften, Duncker & Humblot, Berlin, vol. 128(2), pages 307-319.
  14. Oliver Falck & Stefan Kipar & Pascal Paul, 2010. "Unternehmenskooperationen im Innovationsprozess: Erste deskriptive Befunde neuer Fragen im ifo Innovationstest," Ifo Schnelldienst, Ifo Institute for Economic Research at the University of Munich, vol. 63(01), pages 23-27, 01.
  15. Klaus Abberger & Sascha Becker & Barbara Hofmann & Klaus Wohlrabe, 2007. "Mikrodaten im ifo Institut für Wirtschaftsforschung – Bestand, Verwendung und Zugang," AStA Wirtschafts- und Sozialstatistisches Archiv, Springer, vol. 1(1), pages 27-42, June.

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