Firm growth and innovation

Persistent high-growth firms in China’s manufacturing

“…The vast empirical literature on high-growth firms and gazelles has so far focused on the determinants of high-growth performance, especially in terms of demography (firm size and age) and innovation (see Coad and Hölzl, 2012;Audretsch et al, 2014, for surveys). But we know much less about the relations between high-growth and firms' highly heterogenous entrepreneurial orientations as revealed (and measured in this study) by their structural characteristics.…”

“…A number of empirical works (see, among others Coad and Rao, 2008;Hölzl, 2009;Stam and Wennberg, 2009;Segarra and Teruel, 2014;Coad et al, 2016) relates high-growth to a number of indicators of innovative activity at the firm level, such as R&D expenditures, patenting behavior, and other factors, for instance product vs. process innovation, usually elicited in innovation surveys such as the European CIS (but see Goedhuys and Sleuwaegen, 2010, on Sub-Saharan Africa). Empirical results from quantile regressions have shown that innovation has a limited impact on the sales growth rates of the average firm, whereas innovative efforts are much more relevant for the growth records of the fastestgrowing firms in the top quantiles of firm growth rates distributions (see Audretsch et al, 2014, for an exhaustive survey). Investment in innovative machinery and equipment is also related to acquisition of embodied innovative technology, and in particular, technological learning (Freeman et al, 1982;.…”

Innovation Strategies and Firm Growth

“…Indeed, while extant empirical studies on growth and innovation mostly focus on traditional proxies such as R&D and patents, the multifaceted nature of innovation as well as the great variety of innovation strategies undertaken by firms calls for a multidimensional approach to assess the actual contribution of innovation on corporate growth (Audretsch et al, 2014). Exploiting a rich dataset on Spanish firms, we can use a set of innovation indicators including internal vs. external R&D, process vs. product innovation, also distinguishing between products new-to-the-firm vs. new-to-the-market, investment in innovative machineries, and purchase of licenses or know-how from other firms.…”

Innovation activities of firms: the case of 8 cis waves in the Czech industry between 2001 and 2014

“…It should be also analysed using specific unobservable factors related to the human and social capitals of firms. Growth of firms is observed in advanced technological environments where entrepreneurial firms are skilled at exploiting knowledge spillovers and investment is oriented at organisational flexibility [4].…”