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Driving business performance: innovation complementarities and persistence patterns

Listed author(s):
  • Maurizio Baussola

    ()

    (DISCE, Università Cattolica)

  • Eleonora Bartoloni

    ()

    (ISTAT, Regional Office for Lombardy)

Complementarities between technological and non-technological innovation are crucial determinants of firm performance. This topic has not received the attention that it merits, as the focus has been primarily placed on technological innovation alone or on innovation efforts as measured by R&D or patent activities. The capacities to develop market-oriented behaviour and introduce new organisational innovations are the drivers - together with technological innovation - of a firm's productivity and profitability. We also underline how the impact of such activities is larger when they persist over time, thus introducing a more general concept of innovation persistency. We present an empirical model based on a large and new panel of Italian manufacturing firms covering the period 2000-2012 that enables us to derive the precise impacts of a firm's innovative effort - based on a broad definition that incorporates non-technological innovation and persistence - on its productivity and profitability.

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File URL: http://dipartimenti.unicatt.it/dises-dises_wp_16_113.pdf
File Function: First version, 2016
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Paper provided by Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE) in its series DISCE - Quaderni del Dipartimento di Scienze Economiche e Sociali with number dises1613.

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Length: 29 pages
Date of creation: Mar 2016
Handle: RePEc:ctc:serie2:dises1613
Contact details of provider: Web page: http://www.unicatt.it/Dipartimenti/DISES
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  1. Aghion, Philippe & Howitt, Peter, 1992. "A Model of Growth through Creative Destruction," Econometrica, Econometric Society, vol. 60(2), pages 323-351, March.
  2. Bronwyn Hall & Francesca Lotti & Jacques Mairesse, 2009. "Innovation and productivity in SMEs: empirical evidence for Italy," Small Business Economics, Springer, vol. 33(1), pages 13-33, June.
  3. Eleonora Bartoloni & Maurizio Baussola, 2016. "Does technological innovation undertaken alone have a real pivotal role? Product and marketing innovation in manufacturing firms," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 25(2), pages 91-113, March.
  4. Peltzman, Sam, 1977. "The Gains and Losses from Industrial Concentration," Journal of Law and Economics, University of Chicago Press, vol. 20(2), pages 229-263, October.
  5. Eleonora Bartoloni, 2012. "The persistence of innovation: a panel data investigation on manufacturing firms," International Review of Applied Economics, Taylor & Francis Journals, vol. 26(6), pages 787-810, April.
  6. Demsetz, Harold, 1973. "Industry Structure, Market Rivalry, and Public Policy," Journal of Law and Economics, University of Chicago Press, vol. 16(1), pages 1-9, April.
  7. Jones, Charles I, 1995. "R&D-Based Models of Economic Growth," Journal of Political Economy, University of Chicago Press, vol. 103(4), pages 759-784, August.
  8. Eleonora Bartoloni & Maurizio Baussola, 2009. "The Persistence of Profits, Sectoral Heterogeneity and Firms' Characteristics," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 16(1), pages 87-111.
  9. Juan A. Máñez & María E. Rochina-Barrachina & Amparo Sanchis & Juan A. Sanchis, 2009. "THE ROLE OF SUNK COSTS IN THE DECISION TO INVEST IN R&D -super-," Journal of Industrial Economics, Wiley Blackwell, vol. 57(4), pages 712-735, December.
  10. Petri Rouvinen, 2002. "R&D-Productivity Dynamics: Causality, Lags, and "Dry Holes"," Journal of Applied Economics, Universidad del CEMA, vol. 5, pages 123-156, May.
  11. Pierre Mohnen & Bronwyn Hall, 2013. "Innovation and Productivity: An Update," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 3(1), pages 47-65, June.
  12. D. Frantzen, 2003. "The Causality between R&D and Productivity in Manufacturing: An international disaggregate panel data study," International Review of Applied Economics, Taylor & Francis Journals, vol. 17(2), pages 125-146.
  13. Robert E. Carpenter & Bruce C. Petersen, 2002. "Capital Market Imperfections, High-Tech Investment, and New Equity Financing," Economic Journal, Royal Economic Society, vol. 112(477), pages 54-72, February.
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