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Ownership Structure and Innovation: Is There a Real Link?

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  • Raquel Ortega

    ()

  • Rosina Moreno

    ()

  • Jordi Surinach

    ()

Abstract

This work intends to analyse the influence that several aspects internal to the firm have on the firms? innovative output. Although the theoretical model is based in the literature on innovation, it pays special attention on the impact of ownership structure, as stated by the theory of the agent. We test different hypothesis related to variables which explain how the ownership structure adopted by a firm can lead into different innovative efforts, a topic which has barely been studied so far. We are especially interested in considering the type of control in the firm (national or international), the group of control in the decision making process (owner or contracted managers) and the financing structure. The analysis is made for a sample of Spanish firms given by the Survey of Entrepreneurial Strategies, an annual survey that provides information on Spanish manufacturing firms from 1990 to 1999.

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Paper provided by European Regional Science Association in its series ERSA conference papers with number ersa03p213.

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Date of creation: Aug 2003
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Handle: RePEc:wiw:wiwrsa:ersa03p213

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Cited by:
  1. García-Quevedo, José & Pellegrino, Gabriele & Vivarelli, Marco, 2011. "R&D Drivers in Young Innovative Companies," IZA Discussion Papers 6136, Institute for the Study of Labor (IZA).
  2. Huergo, Elena & Moreno, Lourdes, 2014. "National or international public funding? Subsidies or loans? Evaluating the innovation impact of R&D support programmes," MPRA Paper 54218, University Library of Munich, Germany.
  3. Chen, Yan & Zhang, Bin, 2013. "基于所有权视角的企业创新理论框架与体系
    [The Theoretical Framework and System of Innovation within Enterprises: Based on the Perspective of Ownership]
    ," MPRA Paper 47078, University Library of Munich, Germany.
  4. Choi, Suk Bong & Lee, Soo Hee & Williams, Christopher, 2011. "Ownership and firm innovation in a transition economy: Evidence from China," Research Policy, Elsevier, Elsevier, vol. 40(3), pages 441-452, April.
  5. José García-Quevedo & Gabriele Pellegrino & Marco Vivarelli, 2011. "The determinants of YICs’ R&Dactivity," Working Papers, Institut d'Economia de Barcelona (IEB) 2011/31, Institut d'Economia de Barcelona (IEB).
  6. Basma Sellami Mezghanni, 2010. "How Ceo Attributes Affect Firm R&D Spending? New Evidence From A Panel Of French Firms," Post-Print, HAL hal-00479532, HAL.
  7. Agustí Segarra-Blasco & Mercedes Teruel-Carrizosa, 2006. "Productivity growth and competition in spanish manufacturing firms: What has happened in recent years?," Working Papers, Xarxa de Referència en Economia Aplicada (XREAP) CREAP2006-09, Xarxa de Referència en Economia Aplicada (XREAP), revised Dec 2006.
  8. Erming Xu & Han Zhang, 2008. "The impact of state shares on corporate innovation strategy and performance in China," Asia Pacific Journal of Management, Springer, Springer, vol. 25(3), pages 473-487, September.
  9. Qu, Zhe & Huang, Can & Zhang, Mingqian & Zhao, Yanyun, 2013. "R&D offshoring, technology learning and R&D efforts of host country firms in emerging economies," Research Policy, Elsevier, Elsevier, vol. 42(2), pages 502-516.

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