This paper examines the effects of innovation on survival using data on all manufacturing firms active in the Netherlands, and the Community Innovation Survey. By estimating a parametric duration model, we show that firms benefit from an innovation premium that extends their life expectancy, independent of firm- specific traits such as age and size. Process innovation in particular seems to have a distinctive effect on survival. Furthermore, survival chances increase with the age and growth rate of a firm, the latter being more crucial than initial size. Finally, high intensity technology sectors are the most favourable to firms survival.
(2005). A Matter of Life and Death: Innovation and Firm Survival [journal article - articolo]. In INDUSTRIAL AND CORPORATE CHANGE. Retrieved from http://hdl.handle.net/10446/19777
A Matter of Life and Death: Innovation and Firm Survival
Cefis, Elena;Marsili, Orietta
2005-01-01
Abstract
This paper examines the effects of innovation on survival using data on all manufacturing firms active in the Netherlands, and the Community Innovation Survey. By estimating a parametric duration model, we show that firms benefit from an innovation premium that extends their life expectancy, independent of firm- specific traits such as age and size. Process innovation in particular seems to have a distinctive effect on survival. Furthermore, survival chances increase with the age and growth rate of a firm, the latter being more crucial than initial size. Finally, high intensity technology sectors are the most favourable to firms survival.| File | Dimensione del file | Formato | |
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