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In Times of Economic Crisis: Innovation With, or Without, R&D Activities? An Analysis of Spanish Companies

In: Entrepreneurship, Innovation and Economic Crisis

Author

Listed:
  • Francisca Sempere-Ripoll

    (Universitat Politècnica de València)

  • Jose-Luis Hervás-Oliver

    (Universitat Politècnica de València)

Abstract

Analysis of non-R&D innovators—firms that successfully innovate without conducting R&D activities in-house—is an emerging topic in the innovation literature. Surprisingly, little is known about how they differ from R&D innovators. This paper’s goal is to understand those differences and their persistence in times of economic crisis. From analysing 2011 CIS data, results suggest that for non-R&D innovators: (a) the innovation process has been persistent across different time periods, and that, therefore, firms have innovated whatever the environmental economic conditions; (b) the acquisition of equipment, machinery, and software has been the form most used for acquiring knowledge; (c) in times of economic crisis, the non-R&D strategy is strengthened by a high commitment to acquiring ready-to-use knowledge, rather than relying on uncertain R&D activities; that is, in times of crisis, non-R&D innovators invest more intensively in non-R&D activities than do R&D innovators. Non-R&D innovation represents 50 % of innovation in Europe. At times of economic crisis, it is a more suitable, innovation strategy.

Suggested Citation

  • Francisca Sempere-Ripoll & Jose-Luis Hervás-Oliver, 2014. "In Times of Economic Crisis: Innovation With, or Without, R&D Activities? An Analysis of Spanish Companies," Springer Books, in: Klaus Rüdiger & Marta Peris Ortiz & Alicia Blanco González (ed.), Entrepreneurship, Innovation and Economic Crisis, edition 127, chapter 0, pages 159-166, Springer.
    • Handle: RePEc:spr:sprchp:978-3-319-02384-7_17
    DOI: 10.1007/978-3-319-02384-7_17
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    Cited by:

    1. Anna Wziątek-Kubiak & Marek Pęczkowski, 2021. "Strengthening the Innovation Resilience of Polish Manufacturing Firms in Unstable Environments," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 12(2), pages 716-739, June.

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