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Innovation and export performance: do young and mature innovative firms differ?

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  • Areti Gkypali

    ()

  • Apostolos Rafailidis

    ()

  • Kostas Tsekouras

    ()

Abstract

The relevant literature is conflicted about the direction of causality between innovation and exports. In this paper we attempt to shed light on this relationship by setting a theoretical framework where a two-way causality is hypothesized to exist between these two firm activities. In addition, the role of firm age is highlighted as firms at different stages of their life cycle may face different prospects and constraints and thus develop different strategies to survive and grow. Such differential patterns may be even more intense due to the different knowledge and capabilities portfolio possessed by young and mature firms. Employing a sample of Greek Manufacturing R&D active firms for the year 2010, we estimate a multi-group path analysis for young and mature firms. Even though empirical results do not support the existence of a two-way causality between innovation and export performance, when we account for the moderating role of age it becomes evident that the direction of causality differs between young and mature firms. Also the indirect and direct effect of firms’ R&D stock is confirmed as an intermediate link within the innovation-export nexus. Copyright Eurasia Business and Economics Society 2015

Suggested Citation

  • Areti Gkypali & Apostolos Rafailidis & Kostas Tsekouras, 2015. "Innovation and export performance: do young and mature innovative firms differ?," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 5(2), pages 397-415, December.
  • Handle: RePEc:spr:eurasi:v:5:y:2015:i:2:p:397-415
    DOI: 10.1007/s40821-015-0030-4
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Alessandra Colombelli & Jackie Krafft & Marco Vivarelli, 2016. "To be born is not enough: the key role of innovative start-ups," Small Business Economics, Springer, vol. 47(2), pages 277-291, August.
    2. Yvonne McNulty & Chris Brewster, 2016. "Theorizing the Meaning(s) of ‘Expatriate’: Establishing Boundary Conditions," John H Dunning Centre for International Business Discussion Papers jhd-dp2016-05, Henley Business School, Reading University.
    3. Peter Zwan & Roy Thurik & Ingrid Verheul & Jolanda Hessels, 2016. "Factors influencing the entrepreneurial engagement of opportunity and necessity entrepreneurs," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 6(3), pages 273-295, December.
    4. repec:eee:wdevel:v:96:y:2017:i:c:p:1-18 is not listed on IDEAS
    5. Alessandra Colombelli & Jackie Krafft & Marco Vivarelli, 2016. "Entrepreneurship and Innovation: New Entries, Survival, Growth," GREDEG Working Papers 2016-04, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), University of Nice Sophia Antipolis.
    6. repec:krk:eberjl:v:5:y:2017:i:3:p:31-48 is not listed on IDEAS
    7. Getinet Haile & Ilina Srour & Marco Vivarelli, 2017. "Imported technology and manufacturing employment in Ethiopia," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 7(1), pages 1-23, April.
    8. Davide Castellani & Mariacristina Piva & Torben Schubert & Marco Vivarelli, 2018. "The source of the US /EU Productivity Gap:Less and less effective R&D," LEM Papers Series 2018/16, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    9. Elena Meschi & Erol Taymaz & Marco Vivarelli, 2016. "Globalization, technological change and labor demand: a firm-level analysis for Turkey," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 152(4), pages 655-680, November.
    10. Magdalena Olczyk, 2016. "A systematic retrieval of international competitiveness literature: a bibliometric study," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 6(3), pages 429-457, December.
    11. Colombelli, Alessandra & Krafft, Jackie & Vivarelli, Marco, 2016. "New Firms and Post-Entry Performance: The Role of Innovation," Department of Economics and Statistics Cognetti de Martiis. Working Papers 201602, University of Turin.
    12. repec:kap:sbusec:v:49:y:2017:i:1:d:10.1007_s11187-017-9865-7 is not listed on IDEAS
    13. Huasheng Zhu & Junwei Feng & Maojun Wang & Fan Xu, 2017. "Sustaining Regional Advantages in Manufacturing: Skill Accumulation of Rural–Urban Migrant Workers in the Coastal Area of China," Sustainability, MDPI, Open Access Journal, vol. 9(1), pages 1-23, January.
    14. Davide Castellani & Mariacristina Piva & Torben Schubert & Marco Vivarelli, 2016. "R&D and Productivity in the US and the EU: Sectoral Specificities and Differences in the Crisis," John H Dunning Centre for International Business Discussion Papers jhd-dp2016-03, Henley Business School, Reading University.
    15. repec:kap:jtecht:v:43:y:2018:i:3:d:10.1007_s10961-017-9628-2 is not listed on IDEAS
    16. Castellani, Davide & Piva, Mariacristina & Schubert, Torben & Vivarelli, Marco, 2016. "The Productivity Impact of R&D Investment: A Comparison between the EU and the US," IZA Discussion Papers 9937, Institute for the Study of Labor (IZA).
    17. repec:krk:eberjl:v:5:y:2017:i:2:p:85-99 is not listed on IDEAS
    18. repec:eee:tefoso:v:138:y:2019:i:c:p:279-291 is not listed on IDEAS

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