Abstract
This paper analyses the determinants of product innovation in Italian
young innovative companies (YICs) by looking at in-house and
external R&D and at the acquisition of external technology in its
embodied and disembodied components. A Tobit approach is applied
to study jointly the occurrence of product innovation and the
intensity of such innovation.
Results provide evidence that in-house R&D is linked to product
innovation both in mature firms and YICs; however, YICs turn out to
be less in-house R&D-based and more dependent on external sources
of knowledge. Moreover, other entrepreneurial attitudes such as the
ability to cooperate with other firms in producing innovation or the
capacity to develop significant organizational changes appear to be
less important or even absent in Italian YICs. These results are
somehow worrying, since they show that Italian innovative
entrepreneurs are mostly driven by routinized rather than creative
strategies.
Lingua originale | English |
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Editore | Vita e Pensiero |
Numero di pagine | 46 |
ISBN (stampa) | 978-88-343-2923-8 |
Stato di pubblicazione | Pubblicato - 2014 |
Keywords
- Entrepreneurship
- Product innovation
- R&D
- YICs