Product innovation and the decision to invest in fixed capital assets: Evidence from an SME survey in six European Union member states

Skuras, Dimitris; Tsegenidi, Kyriaki; Tsekouras, Kostas

doi:10.1016/j.respol.2008.08.013

Cited by 43 publications

(45 citation statements)

References 35 publications

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“…In relation to the geographical market orientation of firms and survival, much of the literature has considered the decision to internationalise. Many of these studies have considered high-technology sectors or more innovation focused businesses, but for a majority of businesses in peripheral regions such a focus is not necessarily appropriate (Skuras, Tsegenidi, and Tsekouras 2008).…”

Section: This Comparison Is Based On the Findings Of Studies Such As mentioning

confidence: 99%

Entrepreneurship and the determinants of firm survival within regions: human capital, growth motivation and locational conditions

Huggins

Prokop

Thompson

2017

Entrepreneurship & Regional Development

115

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Despite a growing body of research on firm survival, little is known about the factors impacting upon survival rates at a micro-spatial level. This study, therefore, analyses firm survival across local environments in the context of a peripheral region; namely, the case of Wales in the UK. It examines how theories relating to human capital, growth motivation and locational conditions may explain survival within a region. Drawing on data of survival patterns for a cohort of firms, it is found that each of the three theories at least partly explain firm survival, with it being clear that human capital relating to the experience of entrepreneurs, as well as the growth motivation of their firms resulting from the strategic choices they make, impact upon rates of survival. It is also found that the local environment contributes to the likelihood of its survival. In particular, it is found that locational factors have a potential influence on the human capital allocated to enterprise, as well as how this capital is utilised via growth motivation. This suggests that not only do locational factors contribute to differing rates of entrepreneurship, but that such factors also impact on the durability of firms over time. Abstract Despite a growing body of research on firm survival, little is known about the factors impacting upon survival rates at a micro-spatial level. This study, therefore, analyses firm survival across local environments in the context of a peripheral region; namely, the case of Wales in the UK. It examines how theories relating to human capital, growth motivation and locational conditions may explain survival within a region. Drawing on data of survival patterns for a cohort of firms, it is found that each of the three theories at least partly explain firm survival, with it being clear that human capital relating to the experience of entrepreneurs, as well as the growth motivation of their firms resulting from the strategic choices they make, impact upon rates of survival. It is also found that the local environment contributes to the likelihood of its survival. In particular, it is found that locational factors have a potential influence on the human capital allocated to enterprise, as well as how this capital is utilised via growth motivation. This suggests that not only do locational factors contribute to differing rates of entrepreneurship, but that such factors also impact on the durability of firms over time.

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Section: This Comparison Is Based On the Findings Of Studies Such As mentioning

confidence: 99%

Entrepreneurship and the determinants of firm survival within regions: human capital, growth motivation and locational conditions

Huggins

Prokop

Thompson

2017

Entrepreneurship & Regional Development

115

View full text Add to dashboard Cite

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“…Lev (2001) noted that many innovative firms did not include any R&D expenditure figures in their reports. Instead of formal R&D, investment 3 in plant and equipment is more strongly associated with innovation by smaller businesses (Smith 2005;Skuras et al 2008) 2 . The approach adopted here to evaluating policy therefore is to consider the impact on self-reported innovation on both manufacturing and services SMEs, and how this innovation affects the economy.…”

Section: Introductionmentioning

confidence: 99%

Effectiveness and efficiency of SME innovation policy

Foreman‐Peck

2012

Small Bus Econ

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in AbstractThis paper assesses UK innovation policy impact on a large, population weighted, sample of both service and manufacturing SMEs. By focussing on self-reported innovation the study achieves a wider coverage of the effects of SME innovation policy than possible with more traditional indicators. Propensity score matching indicates that SMEs receiving UK state support for innovation were more likely to innovate than unsupported comparable enterprises. Innovating enterprises are shown to have grown significantly faster over the years 2002-4 when other growth influences are appropriately controlled. Combining these two results and comparing the outlays on SME innovation policy with the estimated effects suggests that policy was efficient as well as effective. There is evidence that SME tax credits were expensive compared with earlier support instruments. But the overall high returns estimated suggest that, even in times of public spending cuts, persisting with SME innovation policy would be prudent.

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“…This is in addition to those studies that show that indigenous SMEs in peripheral regions are less competitive and innovative in comparison to more centrally located companies (e.g. Skuras et al, 2008;Cooke, 1996;Soderquist et al, 1997); and these geographical limitations are compounded with innate SME skill limitations (Pullen et. al., 2009;Pinho, 2008;Vossen, 1999).…”

Section: (C) Bim and Small-to-medium Sized Firmsmentioning

confidence: 53%

The Effect of Business Improvement Methods on Innovation in Small and Medium-Sized Enterprises in Peripheral Regions

2015

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Product innovation and the decision to invest in fixed capital assets: Evidence from an SME survey in six European Union member states

Cited by 43 publications

References 35 publications

Entrepreneurship and the determinants of firm survival within regions: human capital, growth motivation and locational conditions

Entrepreneurship and the determinants of firm survival within regions: human capital, growth motivation and locational conditions

Effectiveness and efficiency of SME innovation policy

The Effect of Business Improvement Methods on Innovation in Small and Medium-Sized Enterprises in Peripheral Regions

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