dc.contributor |
Universitat Rovira i Virgili. Departament d'Economia |
dc.contributor |
Universitat Rovira i Virgili. Centre de Recerca en Economia Industrial i Economia Pública |
dc.contributor.author |
Segarra Blasco, Agustí |
dc.contributor.author |
Teruel Carrizosa, Mercedes |
dc.date.accessioned |
2012-02-08T14:56:47Z |
dc.date.available |
2012-02-08T14:56:47Z |
dc.date.created |
2011 |
dc.date.issued |
2011 |
dc.identifier.uri |
http://hdl.handle.net/2072/179669 |
dc.format.extent |
28 p. |
dc.language.iso |
eng |
dc.publisher |
Universitat Rovira i Virgili. Departament d'Economia |
dc.relation.ispartofseries |
Documents de treball del Departament d'Economia;2011-32 |
dc.rights |
info:eu-repo/semantics/openAccess |
dc.rights |
L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons: http://creativecommons.org/licenses/by-nc-nd/3.0/es/ |
dc.source |
RECERCAT (Dipòsit de la Recerca de Catalunya) |
dc.subject.other |
Empreses -- Innovacions tecnològiques -- Espanya |
dc.subject.other |
Empreses -- Creixement |
dc.title |
High Growth Firms and Innovation: an empirical analysis for Spanish firms |
dc.type |
info:eu-repo/semantics/workingPaper |
dc.subject.udc |
33 - Economia |
dc.subject.udc |
65 - Gestió i organització. Administració i direcció d'empreses. Publicitat. Relacions públiques. Mitjans de comunicació de masses |
dc.embargo.terms |
cap |
dc.description.abstract |
This paper analyzes the effect of firms’ innovation activities on their growth
performance. In particular, we observe how important innovation is for high-growth
firms (HGFs) for an extensive sample of Spanish manufacturing and services firms.
The panel data used comprises diverse waves of Spanish CIS over the the period
2004-2008. First, a probit analysis determines whether innovation affects the
probability of being a high-growth firm. And second, a quantile regression technique
is applied to explore the determinants and characteristics of specific groups of firms
(manufacturing versus service firms and high-tech versus low-tech firms). It is
revealed that R&D plays a significant role in the probability of becoming a HGF.
Investment in internal and external R&D per employee has a positive impact on firm
growth (although internal R&D presents a significant impact in the last quantiles,
external R&D is significant up to the median). Furthermore, we show evidence that
there is a positive impact of employment (sales) growth on the sales (employment)
growth.
Keywords: high-growth firms, firm growth, innovation activity
JEL Classifications: L11, L25, O30 |