R&amp;D, firm size and innovation outputs: Are Japanese firms efficient in product development?

Wakasugi, Ryuhei; Koyata, Fumihiko

doi:10.1016/s0737-6782(97)00028-3

Cited by 39 publications

(7 citation statements)

References 9 publications

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“…Later studies using the same database, estimated a firm production function for innovation output and found that decreasing returns to firm size and R&D expenditures were the norm among US companies at the beginning of the 1980s (Acs and Audretsch 1990). Spurred by this research, a series of contributions published during the 1990s explored the innovativeness of large and small firms in other countries (Coombs, Narandren, and Richards 1996;Santarelli and Piergiovanni 1996;Wakasugi and Koyata 1997;Kleinknecht, Van Montfort, and Brouwer 2002). This stream of empirical work supports the idea that small and medium-sized companies account for a share of total innovations that is far larger proportionately than their share of employees and record a higher number of innovations per unit of R&D expenditure (Tether 1998).…”

Section: Determinants Of Innovation Performancesupporting

confidence: 56%

R&D, firm size and incremental product innovation

Corsino

Espa

Micciolo

2011

Economics of Innovation and New Technology

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This article addresses an issue that is debated in the economics of innovation literature, namely the existence of increasing returns to R&D expenditures and firm size, in product innovation. It explores further how the firm's structural characteristics and contextual factors affect the sustained introduction of new components over a relatively long time period. Taking advantage of an original and unique database comprising information on new product announcements by leading semiconductor producers, we show that: (i) decreasing returns to size and R&D expenditures characterize the innovation production function of the sampled firms; (ii) producers operating a larger product portfolio exhibit a higher propensity to introduce new products than their specialized competitors; (iii) aging has positive bearings on the firm's ability to innovate.R&D, firm size, product innovation, semiconductor industry,

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Section: Determinants Of Innovation Performancesupporting

confidence: 56%

R&D, firm size and incremental product innovation

Corsino

Espa

Micciolo

2011

Economics of Innovation and New Technology

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“…However, the dedication of more inputs to the innovation process does not guarantee innovation outcomes, since the process of developing innovation is complex and characterized by high risks (Wolff, 2007). Thus, the process of the development of innovation needs to be managed diligently in order to increase performance (e.g., Wakasugi and Koyata, 1997;Howell et al, 2005). If firms devote substantial resources to the innovation process, but are unable to turn them into innovative offerings, resources are squandered and firm performance suffers.…”

Section: Moderators Of the Innovation-performance Relationshipmentioning

confidence: 99%

Is innovation always beneficial? A meta-analysis of the relationship between innovation and performance in SMEs

Rosenbusch

Brinckmann²,

Bausch

2011

Journal of Business Venturing

1,442

1,081

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The performance implications of innovation in small and medium-sized enterprises (SMEs) have attracted considerable interest among academics and practitioners. However, empirical research on the innovation–performance relationship in SMEs shows controversial results. This meta-analysis synthesizes empirical findings in order to obtain evidence whether and especially under which circumstances smaller, resource-scarce firms benefit from innovation. We find that innovation–performance relationship is context dependent. Factors such as the age of the firm, the type of innovation, and the cultural context affect the impact of innovation on firm performance to a large extent

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“…Table 1 indicates they were related to recent introductions of new products (including services). New product introduction is the short-term goal of every product innovation process (Romijn and Albaladejo, 2002;Wakasugi and Koyata, 1997). The fi rst indicator provides a broad measure of product innovation because it includes minor product improvements or mere competitor imitation.…”

Section: Organizationmentioning

confidence: 99%

Determinants of Product Innovation in Small Firms

Jong¹,

Vermeulen

2006

International Small Business Journal

284

178

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Many studies have investigated the determinants of product innovation in small fi rms, suggesting product, fi rm, market and innovation process factors are its key drivers of success. Variations across industries relating to the determinants of product innovation are often expected, but due to a lack of data this is still underresearched. This article explores if composite effects due to broad samples indeed blur one's view. Drawing upon a database of 1250 small fi rms across 7 industries, we investigate if any differences are found in the presence and impact of various fi rm-level determinants. Controlling for size and age differences, the analysis reveals some major differences to the extent small fi rms use innovative practices, and their connection with new product introductions.

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R&D, firm size and innovation outputs: Are Japanese firms efficient in product development?

Cited by 39 publications

References 9 publications

R&D, firm size and incremental product innovation

R&D, firm size and incremental product innovation

Is innovation always beneficial? A meta-analysis of the relationship between innovation and performance in SMEs

Determinants of Product Innovation in Small Firms

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