Product innovation and firm growth: evidence from the integrated circuit industry

Corsino, Marco; Gabriele, Roberto

doi:10.1093/icc/dtq050

Cited by 70 publications

(58 citation statements)

References 44 publications

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“…While the technology-intensity of some (few) ventures is highly innovative in a Schumpeterian sense, thus having the potential for creative destruction (Vivarelli 2013(Vivarelli : 1458, many new ventures are less technology intense or are mere imitators copying the business ideas of others. Interestingly, the propensity for innovation generally emerges as a driver of firm growth (Freel 2000;Coad and Rao 2008;Altindag et al 2011;Corsino and Gabriele 2011), and several studies find a positive relationship between innovation and performance (Vivarelli and Audretsch 1998;Colombo and Grilli 2005).…”

Section: Theorymentioning

confidence: 99%

Varieties of entrepreneurship: exploring the institutional foundations of different entrepreneurship types through ‘Varieties-of-Capitalism’ arguments

2018

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While entrepreneurship researchers agree that institutions 'matter' for entrepreneurship, they also have a rather encompassing understanding of institutions as almost any external factor that influences entrepreneurship. Ultimately, this literature thus comes up with a long list of institutional factors that may explain entrepreneurial differences between countries. But which institutions are most influential? How do these institutions relate to different types of entrepreneurship? And to what extent are institutions complementary to each other in the way they sustain different entrepreneurship types? The literature on 'Varieties-of-Capitalism' (VoC) offers a parsimonious theoretical framework to address these questions. Based on the VoC literature, we theoretically derive a consistent set of institutional indicators that can explain differences in entrepreneurship types between countries. Based on principal component and cluster analyses, we illustrate how 21 Western developed economies cluster around four distinct institutional settings. Furthermore, we use simple OLS regressions to show how these institutional constellations are related to different types of entrepreneurship. We conclude that four different 'Varieties of Entrepreneurship' can be identified across the Western world. The main implication of our findings is that a 'perfect' institutional constellation, equally facilitating different types of entrepreneurship, does not exist. Policy-makers seeking to stimulate entrepreneurship are thus faced with the trade-off of targeting policy reforms to that entrepreneurship type they intend to promote-at the expense of other types of entrepreneurship and the broader societal consequences such reforms will have.

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Section: Theorymentioning

confidence: 99%

Varieties of entrepreneurship: exploring the institutional foundations of different entrepreneurship types through ‘Varieties-of-Capitalism’ arguments

2018

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“…That is, the effects of innovation on firm growth are not immediate but occur soon after an invention has been realized. Corsino and Gabriele (2011) use new, unique data pertaining to semiconductor devices commercialized during 1998-2004 around the world; at the corporate level, the most recent innovations significantly affect growth. At the business unit level, the influence of product innovations on business unit growth is even greater than that recorded at the corporate level.…”

Section: Relationship Among Csr Innovation and Firm Growthmentioning

confidence: 99%

CSR, Innovation, and Firm Performance in Sluggish Growth Contexts: A Firm-Level Empirical Analysis

et al. 2015

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The few studies that analyze the impact of a combined strategy of innovation and corporate social responsibility (CSR) on firm performance mostly focus on financial performance. In contrast, the current study considers the simultaneous impact of technological innovations (product and process) and CSR on firm growth, which provides a measure of medium-term economic performance. With a sample of 213 firms and a two-step procedure, this study reveals the differentiated effects of strategic versus responsive CSR behavior on the two technological innovation types, as well as the effects of the two innovation types on growth. The findings thus indicate that firms with strategic CSR achieve growth through both their product and their process innovations.

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“…However, some studies have difficulties in identifying a significant impact of innovation efforts on firm growth. Corsino and Gabriele () state that innovations, in general, do not affect firm growth significantly. In contrast, they found that incremental product innovations affect the revenue of certain business units.…”

Section: Background and Hypothesesmentioning

confidence: 99%

Growth Development Paths of Firms-A Study of Smaller Businesses

Brenner¹,

Schimke²

2014

Journal of Small Business Management

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Product innovation and firm growth: evidence from the integrated circuit industry

Cited by 70 publications

References 44 publications

Varieties of entrepreneurship: exploring the institutional foundations of different entrepreneurship types through ‘Varieties-of-Capitalism’ arguments

Varieties of entrepreneurship: exploring the institutional foundations of different entrepreneurship types through ‘Varieties-of-Capitalism’ arguments

CSR, Innovation, and Firm Performance in Sluggish Growth Contexts: A Firm-Level Empirical Analysis

Growth Development Paths of Firms-A Study of Smaller Businesses

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