Companies learning to innovate in recessions

Amore, Mario Daniele

doi:10.1016/j.respol.2015.05.006

Cited by 54 publications

(45 citation statements)

References 57 publications

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“…These findings are consistent withAmore (2015), who has shown that many companies manage to capitalize their innovative routine even in bad times.…”

supporting

confidence: 91%

Blade Runner economics: Will innovation lead the economic recovery?

Archibugi

2017

Research Policy

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According to Schumpeterian theories, economic expansions are associated with the introduction of successful new products, processes and services while depressions are linked to stagnant periods with few innovations. Can the economic crisis set in motion in 2008 be explained by the inability to innovate and upgrade production? And, conversely, will an economic recovery require a new stream of innovations? Drawing on the debate which emerged after the 1970s economic crisis, this paper tries to assess whether it is likely that the next long-term expansion will be linked to a new stream of innovations. While most evidence suggests that ICTs continue to provide the backbone of economic activities, there is the prospect that biotechnology will eventually start to fulfil the promise envisaged over 30 years ago in the film Blade Runner.

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“…These findings are consistent withAmore (2015), who has shown that many companies manage to capitalize their innovative routine even in bad times.…”

supporting

confidence: 91%

Blade Runner economics: Will innovation lead the economic recovery?

Archibugi

2017

Research Policy

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“…They can be the most dynamic ones that cannot survive without changing their products and services or are newcomers and not necessarily involved in innovations in the pre-crisis period (Archibugi, Filippetti, and Frenz 2013a). Despite the last scenario, there is evidence that previous experience with innovation during downturns improves the firm's ability to invest in R&D when a new depression hits (Amore 2015). In an econometric study, Sidorkin and Srholec (2014) reveal that pre-crisis innovation affects the firm survival odds and performance thereafter.…”

Section: Theory and Hypothesesmentioning

confidence: 99%

“…The 2008 economic crisis has stimulated a series of studies analysing how the innovative activity is affected by a scenario of huge uncertainties about the direction of technological change, demand conditions, and new market opportunities. Evidence suggests the existence of substantive changes in the firm innovation process during the downturn (Amore 2015;Teplykh 2018). One of the most outstanding changes is the sharp reduction of the firm's willingness to undertake innovation investments (OECD 2009;Paunov 2012;Frenz 2013b, 2013a).…”

Section: Introductionmentioning

confidence: 99%

“…Despite the obstacles imposed by the credit crunch, economics turmoil may result in significant changes in the future trajectory of innovation. The dynamics of innovation during recessions is seized by those firms who aspire to innovate during recessions 1 , especially for the possibility to improve its market position in the post-crisis period (Amore 2015).…”

Section: Introductionmentioning

confidence: 99%

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Economic crisis, innovation and organizational responses: evidence from Brazil

Feitosa¹,

García²

2019

Blucher Engineering Proceedings

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The economic crisis of 2008 resulted in a unique context for the empirical experimentation of organizational learning theories and patterns of technological accumulation from Schumpeterian inspiration. This paper investigates the effects of the economic crisis on the innovative performance of firms. We examine an original database with the patent portfolio of 2309 firms based in Brazil, covering a period of eight years preceding the 2008 economic crisis and the five years thereafter. Our finds add to the literature in two ways. First, we exhibit evidence that despite the positive relationships between exploitation and exploration behaviour and innovative performance widely described in the extant literature, in periods of crisis this relationship is curvilinear, in that former exerts diminishing negative effects on the latter. Second, from the literature that perceives a clear division between creative destruction and creative accumulation, our results tend tends to support the thesis in favour of the existence of a creative accumulation, although consistent with the notion of co-occurrence of both models. The article concludes by highlighting what we have learnt from this experience and suggesting some new avenues for research.

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“…Many authors [3][4][5][6] studied how businesses change their innovation behavior during business cycles. Innovation during a recession affects a company's success in the recovery period [7][8][9], and delaying innovation action could be costly in economic terms [10].…”

Section: Introductionmentioning

confidence: 99%

Innovation Strategy in Small and Medium Sized Enterprises (SMEs) in the Context of Growth and Recession Indicators

Povolná

2019

Journal of Open Innovation: Technology, Market, and Complexity

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The implementation of innovation strategies in SMEs is subjected to changes in the economic cycle. The reliability of economic trend indicators varies according to economic trends. The author deals with the relationship between selected business cycle survey indicators and time periods that correspond to the different phases of the economic cycle between the years 2003–2017. The aim of the article is to find out whether selected business cycle surveys indicators are equally reliable across the economic cycle. To solve the problem, first, the consensus of a selected business cycle surveys indicator and the performance of the mechanical engineering industry were evaluated, and then, the results were put into the context of the time period and tested with nonparametric ANOVA. The results show that the selected indicator was more reliable in periods of growth and less reliable in downturns, which is a signal for SMEs as to how to interpret the business cycle surveys. The use of future development assessments provides important information for businesses that make investment decisions and help them think over funding for innovation.

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Companies learning to innovate in recessions

Cited by 54 publications

References 57 publications

Blade Runner economics: Will innovation lead the economic recovery?

Blade Runner economics: Will innovation lead the economic recovery?

Economic crisis, innovation and organizational responses: evidence from Brazil

Innovation Strategy in Small and Medium Sized Enterprises (SMEs) in the Context of Growth and Recession Indicators

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