• Corpus ID: 11599023

Survey of the literature on innovation and economic performance

@inproceedings{Mazzucato2009SurveyOT,
  title={Survey of the literature on innovation and economic performance},
  author={Mariana Mazzucato and Pelin Demirel},
  year={2009}
}
Despite very strong differences in their treatment of technological change in economic theory, both the neoclassical and the more Schumpetarian (and evolutionary) economic approaches often assume that market selection rewards the most innovative firms. However, despite such strong assumptions, empirical evidence on whether innovative firms perform better than non-innovative firms remains inconclusive. If innovators do not grow more, does this imply that market selection fails? And does the… 
The role of firms’ innovation strategies in private equity investments
It is more and more recognized that innovation capabilities are the main drivers of firm performance. While investors seem to take into account innovation capabilities in their investment decision,
Innovation and growth potential: managing investment in middle market companies
In recent years, economic growth has turned into a key challenge for both public politics and private actors thus leading to extensive discussions about growth determinants. Innovation early stood
Firm growth and innovation
In recent years, there has been an increase in empirical and theoretical work that addresses the role of innovation as one of the main sources of firm growth. The purpose of this special issue is to
The Determinants of Financial Innovation
The importance of innovation in financial sector has attracted attention of scholars and practitioners. However, the scholar work of literature about determinants of financial innovation is
Open characters of innovation management in the Hungarian wine industry
Th e paper examines the relationship between the use of specifi c knowledge and economic success among Hun- garian grape growers and wine makers. In the last decade, Hungary has been left behind by
TRUST – NETWORKING – INNOVATION
From innovation point of view the agri-food industry is seen as matured branch of the economy, where revolutionary new products and processes are very rare. Especially the SMEs are in squeezing
Innovation in the Hungarian Wine Industry )
Instead of "closed" type of innovation and knowledge accumulation SMEs utilize the "open" way of knowledge acquiring, where they necessarily share their specific information with partners, while
Value creation and capturing: the case of the Hungarian agri-food SMEs
Value creation is the result of the continuous innovation activity of the entrepreneur, which is carried out mainly in form of open innovation among the agri-food SMEs. However value creation is not
Open or Not Open? (Open Innovation in the Hungarian Wine Industry)
Instead of "closed" type of innovation and knowledge accumulation SMEs utilize the "open" way of knowledge acquiring, where they necessarily share their specific information with partners, while
Value creation and appropriation through the Hungarian SME’s food chain
Value creation is the result of the continuous innovation activity of the entrepreneur, which is carried out mainly in form of open innovation among the agri-food SMEs. However value creation is
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References

SHOWING 1-10 OF 96 REFERENCES
Stock Price Volatility and Patent Citation Dynamics: the case of the pharmaceutical industry
Recent finance literature highlights the role of technological change in increasing firm specific and aggregate stock price volatility (Campbell et al. 2001, Shiller 2000, Pastor and Veronesi 2006).
Employment growth and innovation at the firm level
We analyze the influence of innovation on growth rates of employment in 859 Dutch manufacturing firms over the period 1983–1988. Whereas the (growth of the) R&D intensity of firms has a slightly
Profiting from technological innovation: Implications for integration, collaboration, licensing and public policy
Abstract This paper attempts to explain why innovating firms often fail to obtain significant economic returns from an innovation, while customers, imitators and other industry participants benefit
The Profitability of Innovating Firms
This article seeks to evaluate the effects on corporate profitability of producing a major innovation. We examine two types of effect: innovations can have a direct but transitory effect on
Growth of New Technology-Based Firms: Which Factors Matter?
This paper deals with the explanation of variations in the growth between New Technology-based Firms (NTBFs) and non-innovative firm foundations. Based on theoretical models explaining the growth of
Strategic Renewal and its Effect on Small Firm Performance
In this paper, we investigate the relationship between strategic renewal and the performance of smaller firms (less than 100 employees). We use a panel of micro data on about 1000 Dutch firms. The
Innovation and idiosyncratic risk: an industry- and firm-level analysis
Recent studies find that idiosyncratic risk (IR)—the degree to which firm-specific returns are more volatile than aggregate market returns—has increased since the 1960s and attribute this to
Is Innovation Persistent at the Firm Level? An Econometric Examination Comparing the Propensity Score and Regression Methods
At the macroeconomic level, the persistence of technological change allows sustainable growth. But do the innovations come from the same set of firms or from a continuous renewal of innovators? On
Innovation and Corporate Growth in the Evolution of the Drug Industry
The work studies the processes of growth of the world top 150 pharmaceutical firms, on the grounds of an original database which allows also disaggregate analysis at the level of single therapeutical
Market share, market value and innovation in a panel of British manufacturing firms
This paper examines the empirical relationship between technological innovations, market share and stock market value. New developments in the estimation of dynamic count data models are used to
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