Firms' Decisions to Innovate and Innovation Routines
AbstractThis paper investigates the forces that lead some firms to engage in more innovative activities than others using a survey of 360 large Australian firms. Many earlier studies on the determinants of innovation followed the Schumpeterian tradition, and focused on size and market structure as possible causes of innovativeness, however with the event of new qualitative measures of industry knowledge and managerial styles, these factors have been found to be less important. The results of the present study show that external factors and generic routines common to all industries, such as the extent of learning, knowledge spillovers, appropriability and managerial approach are more important than industry specific forces. Foreign owned companies were also found to be more innovative, other things considered.
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Bibliographic InfoPaper provided by Melbourne Institute of Applied Economic and Social Research, The University of Melbourne in its series Melbourne Institute Working Paper Series with number wp2003n05.
Length: 28 pages
Date of creation: Mar 2003
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Other versions of this item:
- Elizabeth Webster, 2004. "Firms' decisions to innovate and innovation routines," Economics of Innovation and New Technology, Taylor and Francis Journals, vol. 13(8), pages 733-745.
- NEP-ALL-2003-03-10 (All new papers)
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