Innovation, profitability and growth in medium and high-tech manufacturing industries: evidence from Italy

Claudio Cozza; Franco Malerba; Maria Luisa Mancusi; Giulio Perani; Andrea Vezzulli

doi:10.1080/00036846.2011.556594

Innovation, profitability and growth in medium and high-tech manufacturing industries: evidence from Italy

Claudio Cozza, Franco Malerba, Maria Luisa Mancusi, Giulio Perani, Andrea Vezzulli

Risultato della ricerca: Contributo in rivista › Articolo in rivista › peer review

24 Citazioni (Scopus)

Abstract

The main goal of this article is to assess the impact of product innovation on the economic performance of firms operating in Medium and High-Tech (M&HT) industries. Using information from a large and unique dataset on Italian firms we estimate, by means of propensity Score (PS) matching methods, a positive and significant ‘innovation premium’ both in terms of profitability and growth (in the short-run) for those firms who introduced new innovative products. We also find that this innovation premium is particularly large for small firms and even more so when considering new established firms.

Lingua originale	English
pagine (da-a)	1963-1976
Numero di pagine	14
Rivista	Applied Economics
Volume	44
DOI	https://doi.org/10.1080/00036846.2011.556594
Stato di pubblicazione	Pubblicato - 2012

Keywords

growth
innovation
profitability
propensity score estimation

OSS delle Nazioni Unite

Questo processo contribuisce al raggiungimento dei seguenti obiettivi di sviluppo sostenibile

Accesso al documento

10.1080/00036846.2011.556594

Altri file e collegamenti

Cita questo

@article{8e770f89087b41ad9a79fe9097533c5e,

title = "Innovation, profitability and growth in medium and high-tech manufacturing industries: evidence from Italy",

abstract = "The main goal of this article is to assess the impact of product innovation on the economic performance of firms operating in Medium and High-Tech (M&HT) industries. Using information from a large and unique dataset on Italian firms we estimate, by means of propensity Score (PS) matching methods, a positive and significant {\textquoteleft}innovation premium{\textquoteright} both in terms of profitability and growth (in the short-run) for those firms who introduced new innovative products. We also find that this innovation premium is particularly large for small firms and even more so when considering new established firms.",

keywords = "growth, innovation, profitability, propensity score estimation, growth, innovation, profitability, propensity score estimation",

author = "Claudio Cozza and Franco Malerba and Mancusi, {Maria Luisa} and Giulio Perani and Andrea Vezzulli",

year = "2012",

doi = "10.1080/00036846.2011.556594",

language = "English",

volume = "44",

pages = "1963--1976",

journal = "Applied Economics",

issn = "0003-6846",

publisher = "-London,United Kingdom: Routledge Limited -London: Chapman and Hall.",

}

TY - JOUR

T1 - Innovation, profitability and growth in medium and high-tech manufacturing industries: evidence from Italy

AU - Cozza, Claudio

AU - Malerba, Franco

AU - Mancusi, Maria Luisa

AU - Perani, Giulio

AU - Vezzulli, Andrea

PY - 2012

Y1 - 2012

N2 - The main goal of this article is to assess the impact of product innovation on the economic performance of firms operating in Medium and High-Tech (M&HT) industries. Using information from a large and unique dataset on Italian firms we estimate, by means of propensity Score (PS) matching methods, a positive and significant ‘innovation premium’ both in terms of profitability and growth (in the short-run) for those firms who introduced new innovative products. We also find that this innovation premium is particularly large for small firms and even more so when considering new established firms.

AB - The main goal of this article is to assess the impact of product innovation on the economic performance of firms operating in Medium and High-Tech (M&HT) industries. Using information from a large and unique dataset on Italian firms we estimate, by means of propensity Score (PS) matching methods, a positive and significant ‘innovation premium’ both in terms of profitability and growth (in the short-run) for those firms who introduced new innovative products. We also find that this innovation premium is particularly large for small firms and even more so when considering new established firms.

KW - growth

KW - innovation

KW - profitability

KW - propensity score estimation

KW - growth

KW - innovation

KW - profitability

KW - propensity score estimation

UR - http://hdl.handle.net/10807/19357

UR - http://www.tandfonline.com/toc/raec20/current

U2 - 10.1080/00036846.2011.556594

DO - 10.1080/00036846.2011.556594

M3 - Article

SN - 0003-6846

VL - 44

SP - 1963

EP - 1976

JO - Applied Economics

JF - Applied Economics

ER -

Innovation, profitability and growth in medium and high-tech manufacturing industries: evidence from Italy

Abstract

Keywords

OSS delle Nazioni Unite

Accesso al documento

Altri file e collegamenti

Fingerprint

Cita questo