Innovation persistence in times of crisis: an analysis of Italian firms

Antonioli, Davide; Montresor, Sandro

doi:10.1007/s11187-019-00231-z

Cited by 37 publications

(25 citation statements)

References 58 publications

(45 reference statements)

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“…The insights of this study yield several contributions to the literature on innovation management in times of crises and patent analytics in innovation management (e.g., Döner, 2017; Jung et al, 2018; Tietze et al, 2020; Antonioli and Montresor, 2019). We show that decision makers can use patent information and analytics to find data‐driven innovation management solutions to overcome crisis situations, as in the COVID‐19 pandemic.…”

Section: Introductionmentioning

confidence: 73%

Innovation management in crisis: patent analytics as a response to the COVID‐19 pandemic

et al. 2020

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Crises like the COVID‐19 pandemic affect firms’ innovation management and decision making. On the downside, crises lead to detriments like budget constraints, to which firms often respond by reducing their innovation activities. On the upside, crises are opportunities, where some firms exploiting changing market requirements and necessities excel. No matter in which direction, decision makers must react quickly but often rely on ad‐hoc decisions or even gut feeling when drafting their crisis response strategies. Through a series of distinct cases, we demonstrate that innovation management may fill this void through patent analytics. Drawing on biochemical expertise, we particularly describe the functions and effects of COVID‐19. To counter downside detriments, firms may circumvent budget constraints by discerning patents that can be (1) monetized, for example via sales or licensing deals, or (2) abandoned to achieve cost‐savings, allowing firms to maintain their innovation activities. To realize upside opportunities, firms and governments may use patent analytics to detect key biotechnology firms that are likely to successfully develop treatments and vaccinations against pandemics like COVID‐19. Promulgated U.S. interest in relocating foreign firms to the United States is not without technological and commercial reasoning. Herein, the insights of this study contribute to a better understanding of the use of patent information, such as smart patent indicators, harmonized patent data, novel annuity fee measures, and hand‐collected datasets of COVID‐19 and related antibodies’ patents to the management of innovation in times of crisis.

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Section: Introductionmentioning

confidence: 73%

Innovation management in crisis: patent analytics as a response to the COVID‐19 pandemic

et al. 2020

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“…The most recent literature investigated firms' innovation behavior during the GFC 2008/2009 (Antonioli & Montresor, 2021;Archibugi et al, 2013a, b;Filippetti & Archibugi, 2011;Paunov, 2012). Archibugi et al (2013a) examining panel data from 2500 British firms, found that firms classified as great innovator are more likely to increase innovation during the crisis (but not before) and thus supporting the case of creative accumulation.…”

Section: Theoretical Considerations Literature Review and Hypothesesmentioning

confidence: 99%

Innovation and economic crisis in transition economies

Friz

Günther

2021

Eurasian Bus Rev

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Based on Schumpeterian theoretical considerations, this paper investigates the innovation behavior of firms during the severe economic crisis of the year 2008/2009. It focuses on transition countries of Central and Eastern Europe and Central Asia, which have completely restructured their innovation systems through the course of transition from planned to market economies a relatively short time ago. As a result of the crisis, we observe a strong decline of innovation activity in all transition economies. In line with the literature, there is, however, empirical evidence for both creative destruction as well as creative accumulation. This underlines two key findings: firstly, the universality and durability of Schumpeterian assumptions, and secondly, a call for anti-cyclical innovation policy.

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“…Empirical research has shown that, at the macro level, countries with a stronger innovation system have been more resilient to the recent crisis (Filippetti and Archibugi 2011), and also that, at the micro level, innovative firms have outperformed less innovative ones during the crisis both in terms of further innovative investments (Archibugi et al 2013;Antonioli and Montresor 2019;Antonioli et al 2013) and labour demand (Ortiz and Salas Fumás 2020). This research suggests the presence of a link between innovation, as the result of a long-term accumulation of capabilities, and the short-term economic performance in response to a major shock.…”

Section: The 'Creative Response' In History: Innovation As a Source Of Regional Resiliencementioning

confidence: 99%

Are innovative regions more resilient? Evidence from Europe in 2008–2016

et al. 2020

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This paper studies the relationship between the innovation performance of European regions and their resilience. By exploiting a novel dataset that includes patents and trademarks at the regional (NUTS2) level for the 2008-2016 period, the paper addresses two research questions: (1) are innovative regions more resilient? (2) which type of innovation is more conducive to resilience? We frame the relationship between resilience and innovation within the Schumpeterian notion of innovation as a 'creative response in history'. Overall, we find that a stronger performance in innovation is associated with a better performance in employment both during and in the aftermarket of the 2008 financial crisis. We argue that learning capabilities built over time by regions make them more effective in adapting and recovering during major shocks. While the crisis may have created an opportunity for less developed regions to move ahead, this opportunity has in fact been grasped mainly by those already having a strong regional system of innovation in place.

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Innovation persistence in times of crisis: an analysis of Italian firms

Cited by 37 publications

References 58 publications

Innovation management in crisis: patent analytics as a response to the COVID‐19 pandemic

Innovation management in crisis: patent analytics as a response to the COVID‐19 pandemic

Innovation and economic crisis in transition economies

Are innovative regions more resilient? Evidence from Europe in 2008–2016

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