Innovation and firm growth in high-tech sectors: A quantile regression approach

Coad, Alex; Rao, Rekha

doi:10.1016/j.respol.2008.01.003

Cited by 758 publications

(568 citation statements)

References 48 publications

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“…Third, and relatedly, we also contribute to the recent literature (Coad and Rao, 2008;Falk, 2012;Segarra and Teruel, 2014) that adopts quantile regressions to show that while innovation can have mixed or nil effect on the average growth rate in a cross section of firms, innovation is indeed more beneficial for fast-growing, firms. Besides mostly focusing only on patents or R&D, these studies apply basic quantile regression techniques, with few exceptions (Coad et al, 2016;Mazzucato and Parris, 2015).…”

Section: Introductionmentioning

confidence: 85%

Innovation Strategies and Firm Growth

2016

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Section: Introductionmentioning

confidence: 85%

Innovation Strategies and Firm Growth

2016

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“…While the technology-intensity of some (few) ventures is highly innovative in a Schumpeterian sense, thus having the potential for creative destruction (Vivarelli 2013(Vivarelli : 1458, many new ventures are less technology intense or are mere imitators copying the business ideas of others. Interestingly, the propensity for innovation generally emerges as a driver of firm growth (Freel 2000;Coad and Rao 2008;Altindag et al 2011;Corsino and Gabriele 2011), and several studies find a positive relationship between innovation and performance (Vivarelli and Audretsch 1998;Colombo and Grilli 2005).…”

Section: Theorymentioning

confidence: 99%

Varieties of entrepreneurship: exploring the institutional foundations of different entrepreneurship types through ‘Varieties-of-Capitalism’ arguments

2018

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While entrepreneurship researchers agree that institutions 'matter' for entrepreneurship, they also have a rather encompassing understanding of institutions as almost any external factor that influences entrepreneurship. Ultimately, this literature thus comes up with a long list of institutional factors that may explain entrepreneurial differences between countries. But which institutions are most influential? How do these institutions relate to different types of entrepreneurship? And to what extent are institutions complementary to each other in the way they sustain different entrepreneurship types? The literature on 'Varieties-of-Capitalism' (VoC) offers a parsimonious theoretical framework to address these questions. Based on the VoC literature, we theoretically derive a consistent set of institutional indicators that can explain differences in entrepreneurship types between countries. Based on principal component and cluster analyses, we illustrate how 21 Western developed economies cluster around four distinct institutional settings. Furthermore, we use simple OLS regressions to show how these institutional constellations are related to different types of entrepreneurship. We conclude that four different 'Varieties of Entrepreneurship' can be identified across the Western world. The main implication of our findings is that a 'perfect' institutional constellation, equally facilitating different types of entrepreneurship, does not exist. Policy-makers seeking to stimulate entrepreneurship are thus faced with the trade-off of targeting policy reforms to that entrepreneurship type they intend to promote-at the expense of other types of entrepreneurship and the broader societal consequences such reforms will have.

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“…Management innovation may play a critical role in the process of adapting an organisation to changing external conditions, stimulating its flexibility and creating new competencies. A great number of studies were conducted on the relationships between innovation and performance, using an array of measures of both innovation and performance, but research on the role of innovation in a firm's growth and success remains relatively scarce (Coad and Rao 2008;Heimonen 2012). In general, research points to the relationship between innovation and a firm's broadly defined performance.…”

Section: Management Innovationmentioning

confidence: 99%

Management innovation, pro-innovation organisational culture and enterprise performance: testing the mediation effect

2017

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The interest in management innovation (MI) is growing and the conviction about its significant role in boosting an enterprise's competitive advantage and performance has recently gained ground. The studies on MI and its relationships with enterprise performance, which are relatively scarce in literature, indicate the complexity of these relationships. This inspired us to propose the management innovation construct and its operationalisation, which allowed for the empirical verification of the relationships between management innovation and enterprise performance. Simultaneously, we adopted the hypothesis on the mediating role of pro-innovation organisational culture. The aim of this article, therefore, is to study the relationships between MI and enterprise performance as well as to determine what role is played by pro-innovation organisational culture in these relationships. In order to do that, we conducted a survey of 301 companies based in Poland. Our research results confirmed the existence of relationships between management innovation and enterprise performance in the survey sample, although they were not very strong. Additionally, the hypothesis about the mediating role of organisational culture was also partially supported. The results of our study enrich the knowledge about the role of MI in stimulating enterprise performance and the role of proinnovation organisational culture. We also discuss the implications for further research and management practice.

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Innovation and firm growth in high-tech sectors: A quantile regression approach

Cited by 758 publications

References 48 publications

Innovation Strategies and Firm Growth

Innovation Strategies and Firm Growth

Varieties of entrepreneurship: exploring the institutional foundations of different entrepreneurship types through ‘Varieties-of-Capitalism’ arguments

Management innovation, pro-innovation organisational culture and enterprise performance: testing the mediation effect

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