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Title: | Barriers to innovation: can firm age help lower them? |
Author: | Pellegrino, Gabriele |
Keywords: | Gestió de la innovació Empirisme Anàlisi de dades de panel Innovation management Empiricism Panel analysis |
Issue Date: | 2015 |
Publisher: | Institut d’Economia de Barcelona |
Series/Report no: | [WP E-IEB15/03] |
Abstract: | This paper examines how firm age can affect a firm’s perception of the obstacles (deterring vs. revealed) that hamper and delay innovation. Using a comprehensive panel of Spanish firms for the period 2004-2011, the empirical analysis conducted shows that distinct types of obstacle are perceived differently by firms of different ages. First, a clear-cut negative relationship is identified between firm age and a firm’s assessment of both the internal and external shortages of financial resources. Second, young firms seem to be less sensitive to the lack of qualified personnel when initiating an innovative project than when they are already engaged in such activities. By contrast, the attempts of mature firms to engage in innovation activity are significantly affected by the lack of qualified personnel. Finally, mature incumbents appear to attach greater importance to obstacles related to market structure and demand than is the case of firms with less experience. |
Note: | Reproducció del document publicat a: http://www.ieb.ub.edu/2012022157/ieb/ultimes-publicacions |
It is part of: | IEB Working Paper 2015/03 |
URI: | http://hdl.handle.net/2445/115356 |
Appears in Collections: | IEB (Institut d’Economia de Barcelona) – Working Papers |
Files in This Item:
File | Description | Size | Format | |
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IEB15-03_Pellegrino.pdf | 1.81 MB | Adobe PDF | View/Open |
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