Innovation, profitability and growth in medium and high-tech manufacturing industries: evidence from Italy

Cozza, Claudio; Malerba, Franco; Mancusi, Maria Luisa; Perani, Giulio; Vezzulli, Andrea

doi:10.1080/00036846.2011.556594

Cited by 49 publications

(26 citation statements)

References 36 publications

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“…Consistent with prior research (e.g., Szymanski et al, 2007) With regard to the independent variables, we considered two innovation types. In line with previous research, we used binary variables to capture the firms' innovation activities (Cozza, Malerba, Mancusi, Perani, & Vezzulli, 2012;Hashi & Stojcic, 2013;Laursen & Salter, 2006;Therrien, Doloreux, & Chamberlin, 2011). Because only innovating firms are considered, we created two dummy variables and defined pure product innovation as the baseline.…”

Section: Methodsmentioning

confidence: 99%

“…That is, binary variables were employed to empirically assess the firms' innovation activities. Although previous research has used similar measures (Cozza et al, 2012;Hashi & Stojcic, 2013;Therrien et al, 2011), a finer-grained view (e.g., incremental vs. radical innovation) could extend our work on the financial performance implications (e.g., Dotzel, Shankar, & Berry, 2013). Moreover, the focus of this study is on individual companies and thus refers to firm-level data on innovation activities and financial outcomes.…”

Section: Limitations and Future Research Opportunitiesmentioning

confidence: 96%

See 1 more Smart Citation

Heading for new shores: Do service and hybrid innovations outperform product innovations in industrial companies?

Eggert

Thiesbrummel

Deutscher

2015

Industrial Marketing Management

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Section: Methodsmentioning

confidence: 99%

Section: Limitations and Future Research Opportunitiesmentioning

confidence: 96%

Heading for new shores: Do service and hybrid innovations outperform product innovations in industrial companies?

Eggert

Thiesbrummel

Deutscher

2015

Industrial Marketing Management

View full text Add to dashboard Cite

“…These methods allow to estimate the innovation effects by comparing characteristics of similar firms in such a way that the only difference among them is the successful introduction of innovation. Cozza et al (2012), using a sample of medium and high-tech Italian manufacturing firms, find a positive and significant 'innovation premium' in terms of profitability and growth for those firms which introduced innovative products. Kannebley Jr et al (2010) investigate the effects of technological innovation on several measures of firm performance for a sample of manufacturing firms in Brazil.…”

Section: Related Literaturementioning

confidence: 99%

Exploring the link between innovation and growth in Chilean firms

Santi

Santoleri

2017

Small Bus Econ

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in AbstractWe employ a balanced panel dataset representative of the entire Chilean productive structure in order to investigate the relation between the introduction of innovation and subsequent firm growth in terms of sales. Recent contributions examining the returns to innovation on firm performance have stressed the need of going beyond the analysis of the 'average effect for the average firm'. However, previous studies in the case of Latin American economies have often overlooked the importance of analyzing which firms benefit more from the introduction of innovations. Our analysis consists of a series of parametric and non-parametric exercises which take into account the properties of the firm growth distribution. In particular, we adopt quantile treatment effects (QTE) which allow to estimate the effect of the introduction of innovation by comparing firms with a similar propensity to innovate for different quantiles of the firm growth distribution. On one hand, our results indicate that process innovation shows a positive and significant relation with firm growth for those firms located at the 75th and 90th percentiles. On the other, product innovation shows a negative association only for high-growth firms.

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“…Increasingly, scholars focused on these firms in high-tech sectors as incubators of economic progress (see e.g. Bartelsman et al, 2004;Calvo, 2006;Colombo and Grilli, 2010;Cozza et al, 2012).…”

Section: Introductionmentioning

confidence: 99%

R&D policies for young SMEs: input and output effects

Czarnitzki

Delanote

2015

Small Bus Econ

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This paper evaluates the current focus of EU policy makers on small and medium-sized, young independent firms in high-tech sectors. Therefore, the effect of subsidies on both R&D input and R&D output is compared between independent high-tech young firms (NTBFs), independent low-tech young firms (LTBFs) and their non-independent counterparts. A treatment effects analysis reveals that full crowding-out with regard to public funding is rejected for all firm types. However, the treatment effect is highest for independent high-tech firms. The indirect effect of subsidies on R&D output is evaluated within a patent production framework. These results show that independent high-tech firms have no lower output effects than other firms and thus suggest that the current policy focus on certain firm types is not ineffective.

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Innovation, profitability and growth in medium and high-tech manufacturing industries: evidence from Italy

Cited by 49 publications

References 36 publications

Heading for new shores: Do service and hybrid innovations outperform product innovations in industrial companies?

Heading for new shores: Do service and hybrid innovations outperform product innovations in industrial companies?

Exploring the link between innovation and growth in Chilean firms

R&D policies for young SMEs: input and output effects

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