IDEAS home Printed from https://ideas.repec.org/b/stc/stcb3e/stcb3e.html
   My bibliography  Save this book

The Defining Characteristics of Entrants in Science-based Industries

Author

Listed:
  • Baldwin, John R.
  • Gellatly, Guy
  • Johnson, Joanne
  • Peters, Valerie

Abstract

New firms are seen to play a key role in the innovation process, especially in certain key sectors of the economy. This study therefore examines the differences in the profiles of successful new firms in science-based industries and other industries. The firms that are examined are entrants who survey into their early teen years. The study examines numerous factors that are seen to influence the success of new businesses. These include the competitive environment, business strategies and the financial structure of the businesses. Successful new firms in science-based industries are found to differ in a number of dimensions from new firms in other industries. They are more likely to be exporters. They face greater technological change and intense competition with regards to the rate at which new products are being introduced. They tend to put more emphasis on quality, the frequent introduction of new products and the customization of products. They make greater use of information technology. They place more stress on new technology development, research and development facilities and the use of intellectual property. They are much more likely to innovate and they place more importance on recruiting skilled labour and on training. Finally, they are more likely to use non-traditional financial measures to evaluate performance and they are less likely to rely on secured credit for financing both their research and development activity and their machinery and equipment that are firms in other sectors.

Suggested Citation

  • Baldwin, John R. & Gellatly, Guy & Johnson, Joanne & Peters, Valerie, 1999. "The Defining Characteristics of Entrants in Science-based Industries," The Defining Characteristics of Entrants in Science-based Industries, Statistics Canada, Economic Analysis Division, number stcb3e, December.
  • Handle: RePEc:stc:stcb3e:stcb3e
    as

    Download full text from publisher

    File URL: http://www5.statcan.gc.ca/olc-cel/olc.action?ObjId=88-517-X&ObjType=2&lang=en&limit=0
    Download Restriction: no

    Citations

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


    Cited by:

    1. Gellatly, Guy & Riding, Allan & Thornhill, Stewart, 2003. "Growth History, Knowledge Intensity and Capital Structure in Small Firms," Economic Analysis (EA) Research Paper Series 2003006e, Statistics Canada, Analytical Studies Branch.
    2. Baldwin, John R. & Gaudreault, Valerie & Gellatly, Guy, 2002. "Financing Innovation in New Small Firms: New Evidence from Canada," Analytical Studies Branch Research Paper Series 2002190e, Statistics Canada, Analytical Studies Branch.
    3. Baldwin, John R. & Sabourin, David & Smith, David, 2003. "Impact of Advanced Technology Use on Firm Performance in the Canadian Food Processing Sector," Economic Analysis (EA) Research Paper Series 2003012e, Statistics Canada, Analytical Studies Branch.
    4. Baldwin, John R. & Sabourin, David, 2002. "Enhancing Food Safety and Productivity: Technology Use in the Canadian Food Processing Industry," Analytical Studies Branch Research Paper Series 2002168e, Statistics Canada, Analytical Studies Branch.
    5. Morissette, Rene & Ostrovsky, Yuri & Picot, Garnett, 2004. "Relative Wage Patterns Among the Highly Educated in a Knowledge-based Economy," Analytical Studies Branch Research Paper Series 2004232e, Statistics Canada, Analytical Studies Branch.

    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:stc:stcb3e:stcb3e. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Mark Brown). General contact details of provider: http://edirc.repec.org/data/stagvca.html .

    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 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.