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Observable Factors of Innovation Strategy: Firm Activities and Industry Effects

In: Innovation, Catch-up and Sustainable Development

Author

Listed:
  • Krzysztof Szczygielski

    (University of Warsaw)

  • Wojciech Grabowski

    (University of Łódź)

  • Richard Woodward

    (CASE – The Center for Social and Economic Research
    University of Edinburgh Business School)

Abstract

Responding to research questioning the significance of external factors such as industry and country in explaining the patterns of innovation-related activities, we examine the effects of factors both internal and external to the firm. Analyzing CIS data, we find that external factors are more helpful in explaining innovation strategies than internal factors. Our econometric model can quite adequately predict innovation strategies, implying that firm-specific factors might not dominate other factors as strongly as suggested by some prior studies.

Suggested Citation

  • Krzysztof Szczygielski & Wojciech Grabowski & Richard Woodward, 2021. "Observable Factors of Innovation Strategy: Firm Activities and Industry Effects," Economic Complexity and Evolution, in: Andreas Pyka & Keun Lee (ed.), Innovation, Catch-up and Sustainable Development, pages 63-87, Springer.
    • Handle: RePEc:spr:eccchp:978-3-030-84931-3_4
    DOI: 10.1007/978-3-030-84931-3_4
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