Utilizad este identificador para citar o enlazar este documento: http://hdl.handle.net/2072/225296

Why not all young firms invest in R&D
Audretsch, David B.; Segarra Blasco, Agustí, 1958-; Teruel, Mercedes
Universitat Rovira i Virgili. Departament d'Economia; Universitat Rovira i Virgili. Centre de Recerca en Economia Industrial i Economia Pública
This article aims to analyze the different impact that some factors may exert on the probability that a small young firm invests intensively in R&D. Recently, an increasing amount of the literature makes reference to the vital role played by a small number of young firms in generating jobs and increasing efficiency levels. However, not all new firms invest in R&D. Departing from the definition of YICs (firms younger than 6 years old, fewer than 250 employees and with more than 15% of their revenues invested in R&D activities), and with an extensive sample of the Spanish Community Innovation Survey between 2004- 2010, we try to determine: i) those factors that cause firms to become YICs (innovative young small firms) or YNICs (moderately innovative young small firms); ii) what is the difference in the impact of those factors between YICs and YNICs. Our results show that factors such as initial innovation capacity and cooperation in R&D projects enhance the probability of becoming a YIC. Nevertheless, factors such as export potential and market uncertainty may influence the decision to invest moderately and become a YNIC. Keywords: Innovation, Policy, YICs. JEL Classifications: O31, D21
2014
65 - Gestió i organització. Administració i direcció d'empreses. Publicitat. Relacions públiques. Mitjans de comunicació de masses
Empreses -- Innovacions tecnològiques
Innovacions tecnològiques -- Política governamental
Investigació
Conducta organitzacional
Empreses petites i mitjanes
Empreses -- Creació
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23 p.
Documento de trabajo
Universitat Rovira i Virgili. Departament d'Economia
Documents de treball del Departament d'Economia;2014-01
         

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