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How Do Young Innovative Companies Innovate?

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Author Info
Pellegrino, Gabriele (Università Cattolica del Sacro Cuore)
Piva, Mariacristina () (Università Cattolica del Sacro Cuore)
Vivarelli, Marco () (Università Cattolica del Sacro Cuore)

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Abstract

This paper discusses the determinants of product innovation in young innovative companies (YICs) by looking at in-house and external R&D and at the acquisition of external technology in embodied and disembodied components. These input-output relationships are tested on a sample of innovative Italian firms. A sample-selection approach is applied. Results show that in-house R&D is linked to the propensity to introduce product innovation both in mature firms and YICs; however, innovation intensity in the YICs is mainly dependent on embodied technical change from external sources, while − in contrast with the incumbent firms − in-house R&D does not play a significant role.

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Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 4301.

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Length: 30 pages
Date of creation: Jul 2009
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Handle: RePEc:iza:izadps:dp4301

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Related research
Keywords: R&D; product innovation; embodied technical change; CIS 3; sample selection;

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Find related papers by JEL classification:
O31 - Economic Development, Technological Change, and Growth - - Technological Change - - - Innovation and Invention: Processes and Incentives

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