{"id":403966,"date":"2016-04-20T15:59:25","date_gmt":"2016-04-20T13:59:25","guid":{"rendered":"https:\/\/ieb.ub.edu\/publicaciones\/2016-10-innovation-strategies-and-firm-growth-2\/"},"modified":"2016-04-20T15:59:25","modified_gmt":"2016-04-20T13:59:25","slug":"2016-10-innovation-strategies-and-firm-growth","status":"publish","type":"publicacion","link":"https:\/\/ieb.ub.edu\/en\/publications\/2016-10-innovation-strategies-and-firm-growth\/","title":{"rendered":"2016\/10: Innovation strategies and firm growth"},"content":{"rendered":"","protected":false},"excerpt":{"rendered":"<p>In this work, we explore the relations between sales growth and a set of innovation indicators that capture the different sources, modes and results of the innovative activity undertaken within firms. We exploit a rich panel on innovation activity of Spanish manufacturing firms, reporting detailed CIS-type information continuously over the period 2004-2011. Standard GMM- panel estimates of the average effect of innovation activities reveal significant and positive effect for internal R&#038;D, while no effect is found for external sourcing of knowledge (external R&#038;D, acquisition of embodied and disembodied technologies) as well as for output of innovation (process and product innovation). However, fixed-effects quantile regressions reveal that innovation activities, apart from process innovation and disembodied technical change, display a positive effect on high-growth performance. Finally, we find evidence of super-modularity of the growth function, revealing complementarities of internal R&#038;D with product innovation, and between product and process innovation.<\/p>\n","protected":false},"author":1,"featured_media":0,"menu_order":0,"template":"","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"tipologia_publicacion":[42],"programa_rel":[96,96,96],"class_list":["post-403966","publicacion","type-publicacion","status-publish","hentry","tipologia_publicacion-working-paper"],"acf":[],"_links":{"self":[{"href":"https:\/\/ieb.ub.edu\/en\/wp-json\/wp\/v2\/publicacion\/403966","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ieb.ub.edu\/en\/wp-json\/wp\/v2\/publicacion"}],"about":[{"href":"https:\/\/ieb.ub.edu\/en\/wp-json\/wp\/v2\/types\/publicacion"}],"author":[{"embeddable":true,"href":"https:\/\/ieb.ub.edu\/en\/wp-json\/wp\/v2\/users\/1"}],"version-history":[{"count":0,"href":"https:\/\/ieb.ub.edu\/en\/wp-json\/wp\/v2\/publicacion\/403966\/revisions"}],"wp:attachment":[{"href":"https:\/\/ieb.ub.edu\/en\/wp-json\/wp\/v2\/media?parent=403966"}],"wp:term":[{"taxonomy":"tipologia_publicacion","embeddable":true,"href":"https:\/\/ieb.ub.edu\/en\/wp-json\/wp\/v2\/tipologia_publicacion?post=403966"},{"taxonomy":"programa_rel","embeddable":true,"href":"https:\/\/ieb.ub.edu\/en\/wp-json\/wp\/v2\/programa_rel?post=403966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}