dc.contributor |
Universitat Rovira i Virgili. Departament d'Economia |
dc.contributor |
Universitat Rovira i Virgili. Centre de Recerca en Economia Industrial i Economia Pública |
dc.contributor.author |
Coad, Alex |
dc.contributor.author |
Segarra Blasco, Agustí, 1958- |
dc.contributor.author |
Teruel, Mercedes |
dc.date.accessioned |
2013-06-03T18:06:07Z |
dc.date.available |
2013-06-03T18:06:07Z |
dc.date.created |
2013 |
dc.date.issued |
2013 |
dc.identifier.uri |
http://hdl.handle.net/2072/211886 |
dc.format.extent |
32 p. |
dc.language.iso |
eng |
dc.publisher |
Universitat Rovira i Virgili. Departament d'Economia |
dc.relation.ispartofseries |
Documents de treball del Departament d'Economia;2013-13 |
dc.rights |
info:eu-repo/semantics/openAccess |
dc.rights |
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/ |
dc.source |
RECERCAT (Dipòsit de la Recerca de Catalunya) |
dc.subject.other |
Empreses -- Creixement |
dc.subject.other |
Organització industrial |
dc.subject.other |
Innovacions tecnològiques |
dc.title |
Innovation and firm growth: Does firm age play a role? |
dc.type |
info:eu-repo/semantics/workingPaper |
dc.subject.udc |
33 - Economia |
dc.embargo.terms |
cap |
dc.description.abstract |
This paper explores the relationship between firm growth, innovation and firm age. We
hypothesize that young firms undertake riskier innovation activities and are more
oriented towards employment growth than towards harvesting returns in the form of
sales growth. Using an extensive sample of Community Innovation Survey for the
period 2004-2010, we apply quantile regressions and a Heckman sample selection
technique to study the impact of R&D activities on firm growth according to firm age.
Our results show that R&D intensity is positively associated with firm growth. However,
for young firms R&D shows an increasing influence across the quantiles, while for old
firms R&D shows a stable or perhaps decreasing effect over the quantiles. Firm age
shows a significant negative impact among young firms, while for the sample of old
firms the impact of firm age becomes non-significant. Our Heckman estimations show
the evolution of the impact of the R&D on firm growth confirming a significant impact
on sales and productivity growth, while the impact is negligible for employment growth.
Keywords: firm age, firm growth, innovation, quantile regression.
JEL CODES: L25, L20 |