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Small Business Economics

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01.12.2014

Persistence of innovation and firm’s growth: evidence from a panel of SME and large Spanish manufacturing firms

verfasst von: Angela Triguero, David Córcoles, Maria C. Cuerva

Erschienen in: Small Business Economics | Ausgabe 4/2014

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Abstract

This paper estimates the effect of persistence of innovation on employment in Spanish manufacturing firms during the period 1990–2008. Using GMM-system estimations, we study the importance of persistence of product and process innovation on employment growth according to the size of the firms. The results support that process innovation shows a positive effect on employment, especially for SMEs, while the effect of product innovation is not significant. The study also distinguishes that this effect appears in the contemporaneous year but it increases with the number of lags. This result confirms that compensation effects of process innovation may appear with a certain delay justifying the importance for SMEs of being persistent in innovation strategies to make them compatible with employment growth.

Vorheriger Artikel R&D, firm growth and the role of innovation persistence: an analysis of Finnish SMEs and large firms

Nächster Artikel High-growth firms and innovation: an empirical analysis for Spanish firms

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Titel: Persistence of innovation and firm’s growth: evidence from a panel of SME and large Spanish manufacturing firms
verfasst von: Angela Triguero
David Córcoles
Maria C. Cuerva
Publikationsdatum: 01.12.2014
Verlag: Springer US
Erschienen in: Small Business Economics / Ausgabe 4/2014
Print ISSN: 0921-898X
Elektronische ISSN: 1573-0913
DOI: https://doi.org/10.1007/s11187-014-9562-8

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