IDEAS home Printed from https://ideas.repec.org/p/xrp/wpaper/xreap2016-02.html
   My bibliography  Save this paper

What is the role of innovation strategies? Evidence from Spanish firms

Author

Listed:
  • Elisenda Jové-Llopis

    (IEB, Universitat de Barcelona)

  • Agustí Segarra-Blasco

    (GRIT, Universitat Rovira i Virgili)

Abstract

This paper discusses the determinants of two alternative measures of innovative success/output by looking at firm’s innovation strategies. These relationships are also discussed by distinguishing between firms belonging to manufacturing and services sectors.Our econometric analysis is based on an extensive sample of 3,919 firms taken from the Spanish Technological Innovation Panel (PITEC) for the period 2008–2012. Alongside the empirical analysis we applied a two-step procedure. We first identified a diverse range of innovation strategies by applying a principal component analysis (absence, mixed and oriented). Then, after controlling for positive skewness of the dependent variables, we used a generalized linear model (GLM) to examine the impact of these strategies. Our empirical results have some interesting aspects. Firstly, firms that do not design innovation strategies have a lower probability of being a successful innovative firm. Secondly, firms that design a strategy, but one that is not oriented on any specific direction, are prone to achieving lower success rates than firms with an oriented strategy. Finally, the results also show that there is a good fit between the oriented strategy pursued by a firm and its innovation success.

Suggested Citation

  • Elisenda Jové-Llopis & Agustí Segarra-Blasco, 2016. "What is the role of innovation strategies? Evidence from Spanish firms," Working Papers XREAP2016-03, Xarxa de Referència en Economia Aplicada (XREAP), revised Sep 2016.
    • Handle: RePEc:xrp:wpaper:xreap2016-02
    as

    Download full text from publisher

    File URL: http://www.xreap.cat/RePEc/xrp/pdf/XREAP2016-02.pdf
    File Function: First version, 2016
    Download Restriction: no
    File URL: http://www.xreap.cat/RePEc/xrp/pdf/XREAP2016-02.pdf
    File Function: Revised version, 2016
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Nabard Othman Hama & Behiye Cavusoglu, 2023. "The Sustainability of Intellectual Capital in Enhancing Organizational Innovation: A Case Study of Sulaimani Polytechnic University," Sustainability, MDPI, vol. 15(15), pages 1-21, August.

    More about this item

    Keywords

    Innovation strategy; innovation success; innovation objectives; Spain; PITEC;
    All these keywords.

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:xrp:wpaper:xreap2016-02. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: XREAP (email available below). General contact details of provider: https://edirc.repec.org/data/xreapes.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.