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Profitability and innovation: new empirical findings based on italian data 1996-2003

Author

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  • Eleonora Bartoloni

    (ISTAT, Italian Institute of Statistics, via Porlezza, 12, 20121 Milan)

Abstract

This paper provides new evidence of the short and long-run effects of innovation on firms’ economic performance by exploiting an innovative panel database which for the first time links three waves of the Italian Community Innovation Survey with an administrative, economic and financial data source. Results support the hypothesis that innovation is a significant driver of a firm’s performance. Support for the firm efficiency view of firm profitability is found. Conversely, industry concentration, as a proxy for the industry view of competition, is not the key variable for explaining profitability. Sectoral spillovers generated by both the introduction of new products and the use of new processes positively affect a firm’s profitability.

Suggested Citation

  • Eleonora Bartoloni, 2013. "Profitability and innovation: new empirical findings based on italian data 1996-2003," Rivista Internazionale di Scienze Sociali, Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore, vol. 121(2), pages 137-170.
    • Handle: RePEc:vep:journl:y:2013:v:121:i:2:p:137-170
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    Cited by:

    1. Anthony C. Atkinson & Marco Riani & Aldo Corbellini, 2020. "The analysis of transformations for profit‐and‐loss data," Journal of the Royal Statistical Society Series C, Royal Statistical Society, vol. 69(2), pages 251-275, April.
    2. Thu A. T. Pham, 2018. "Industry Concentration, Firm Efficiency and Average Stock Returns: Evidence from Australia," Asia-Pacific Financial Markets, Springer;Japanese Association of Financial Economics and Engineering, vol. 25(3), pages 221-247, September.

    More about this item

    Keywords

    Profitability; Innovation; Community Innovation Survey; Panel Data;
    All these keywords.

    JEL classification:

    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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