Title:
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Why not all young firms invest in R&D
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Author:
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Audretsch, David B.; Segarra Blasco, Agustí, 1958-; Teruel, Mercedes
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Other authors:
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Universitat Rovira i Virgili. Departament d'Economia; Universitat Rovira i Virgili. Centre de Recerca en Economia Industrial i Economia Pública |
Abstract:
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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 |
Publication date:
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2014 |
Subject (UDC):
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65 - Gestió i organització. Administració i direcció d'empreses. Publicitat. Relacions públiques. Mitjans de comunicació de masses |
Subject(s):
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Empreses -- Innovacions tecnològiques Innovacions tecnològiques -- Política governamental Investigació Conducta organitzacional Empreses petites i mitjanes Empreses -- Creació |
Rights:
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L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons: http://creativecommons.org/licenses/by-nc-nd/3.0/es/ |
Pages:
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23 p. |
Document type:
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Working Paper |
Published by:
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Universitat Rovira i Virgili. Departament d'Economia
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Collection:
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Documents de treball del Departament d'Economia;2014-01
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