The elixir (or burden) of youth? Exploring differences in innovation between start-ups and established firms

Criscuolo, Paola; Nicolaou, Nicos; Salter, Ammon

doi:10.1016/j.respol.2011.12.001

Cited by 115 publications

(54 citation statements)

References 76 publications

(99 reference statements)

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“…Start-ups are generally reported as being more innovative than established firms (Criscuolo et al, 2012). For the purpose of this study, a firm is defined as start-up if less than five years old, in line with previous research (Asikainen, 2008;Criscuolo et al, 2012). Market competition can positively influence innovation efforts because firms are more motivated to innovate IJQRM 31,4 in order to "escape competition" (Aghion et al, 2001).…”

Section: Modelling Strategy and Data Description 31 Modelling Strategymentioning

confidence: 79%

“…This is particularly relevant for the Luxembourgish context given the presence of many small branches of foreign corporations. Start-ups are generally reported as being more innovative than established firms (Criscuolo et al, 2012). For the purpose of this study, a firm is defined as start-up if less than five years old, in line with previous research (Asikainen, 2008;Criscuolo et al, 2012).…”

Section: Modelling Strategy and Data Description 31 Modelling Strategymentioning

confidence: 80%

See 1 more Smart Citation

Standards and innovation in manufacturing and services: the case of ISO 9000

Mangiarotti¹,

Riillo²

2014

International Journal of Quality &Amp; Reliability Management

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If you would like to write for this, or any other Emerald publication, then please use our Emerald for Authors service information about how to choose which publication to write for and submission guidelines are available for all. Please visit www.emeraldinsight.com/authors for more information. About Emerald www.emeraldinsight.comEmerald is a global publisher linking research and practice to the benefit of society. The company manages a portfolio of more than 290 journals and over 2,350 books and book series volumes, as well as providing an extensive range of online products and additional customer resources and services.Emerald is both COUNTER 4 and TRANSFER compliant. The organization is a partner of the Committee on Publication Ethics (COPE) and also works with Portico and the LOCKSS initiative for digital archive preservation. AbstractPurpose -The research empirically investigates the firm-level impact of ISO 9000 certification on innovation propensity. The study aims to distinguish between manufacturing and service sectors and adopts different innovation definitions aimed at capturing the peculiarities of innovation in services and small firms. Design/methodology/approach -Relying chiefly on Community Innovation Survey data for Luxembourg, the impact of certification on innovation probability is assessed using a logit model that controls for relevant firms characteristics and market features. Findings -The innovation potential of services and small firms is understated when adopting innovation definitions restricted to technological aspects and more formalised innovation activities. ISO 9000 certification may promote innovation when adopting definitions that captures sectoral innovation specificities. In particular, certification increases innovation propensity in manufacturing when the focus is on technological innovation and formalised innovation expenditures. On the contrary, when non-technological aspects are included and allowance is made for wider innovation activities, the impact of certification on services tends to emerge. However, sharper statistical evidence for manufacturing indicates a more important role of certification for innovation success in this sector. Research limitations/implications -Case-study research could supplement the findings concerning the relative effectiveness of certification in services and manufacturing. The investigation would also benefit from extensions in the econometric analysis to address comparisons across samples and potential causality issues. Practical implications -Findings are interesting to practitioners and registrars in order to identify the specific characteristics of firms for which certification provides higher innovative potential. Originality/value -The study highlights the relevance of sectoral specificities and innovation definitions for the debate about the effect of ISO 9000 certification on innovation.

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Section: Modelling Strategy and Data Description 31 Modelling Strategymentioning

confidence: 79%

Section: Modelling Strategy and Data Description 31 Modelling Strategymentioning

confidence: 80%

Standards and innovation in manufacturing and services: the case of ISO 9000

Mangiarotti¹,

Riillo²

2014

International Journal of Quality &Amp; Reliability Management

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“…This is the second important result of our analysis, which is possibly linked to the points of firm maturity and eco-innovations discussed in Section 2. First, as we said, older firms may be better equipped to evaluate the uncertainty/risk and the actual marketability of their eco-innovations, irrespective of their likely disadvantages in terms of organisational inertia and learning impediments (Majumdar 1997;Sorensen and Stuart 2000;Criscuolo et al 2012). Second, owing to better access to finance (Schneider and Veugelers 2010), older firms can have a higher capacity to cope with the cost of eco-innovating (Gagliardi et al 2016) and with the resources needed to engage in signalling, labelling and certification efforts, which are often required to extract value from investment in green innovations (Ambec and Lanoie 2008).…”

Section: Resultsmentioning

confidence: 99%

‘Better late than never’: the interplay between green technology and age for firm growth

et al. 2017

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This paper investigates the relationship between green/non-green technologies and firm growth. By combining the literature on eco-innovations, industrial organisation and entrepreneurial studies, we examine the dependence of this relationship on the pace at which firms grow and the age of the firm. From a dataset of 5498 manufacturing firms in Italy for the period of 2000-2008, longitudinal fixed effects quantile models are estimated, in which the firm's age is set to moderate the effects of green and non-green patents on employment growth. We find that the positive effect of green technologies on growth is greater than that of non-green technologies. However, this result does not apply to struggling and rapidly growing firms. With fast-growing (above the median) firms, age moderates the growth effect of green technologies. Inconsistent with the extant literature, this moderation effect is positive: firm experience appears important for the growth benefits of green technologies, possibly relative to the complexity of their management.

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“…Criscuolo et al (2006) argue that young firms differ considerably from established firms in their innovative performance. Their arguments can easily be adapted to apply to individuals as well as firms.…”

Section: An Individual's Age Is a Major Component Of The Modelmentioning

confidence: 99%

The impact of age on innovation

Parsons

2015

Management Research Review

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Purpose -This paper aims to develop a model of individual innovation based on an employee's innate propensity to innovate and the specific costs and benefits expected to the individual from the innovation. This model is then used to study the way an employees' age will impact innovation. Design/methodology/approach -This paper proposes variables which drive an individual's innovative behavior based on a literature review. This theoretical model is then maximized to show how age drives an employees' innovation output in three ways. A small survey is used to substantiate the theory.Findings -In this model, the age of the employee becomes an important independent variable with negative elements associated with both the cost and benefit the employee will receive from their innovation efforts. However, age will be positively associated with an employee's ability to implement and capitalize on their innovation. Practical implications -Firm's must pay attention to the career life cycle of their employees. The human resource department must take on the task of focusing on delivering the programs needed to support older employees' particular needs relative to producing innovation. Social implications -As the Western workforce ages, considerations for dealing with older workers and age diversity will become more important. Models such as the one developed in this paper will be important for understanding and managing the changing workforce. Originality/value -This model develops a theory of how age can impact an employee's innovation in three specific ways that have not previously been addressed in the literature. This model also proposes an explanation for surprising results found in several prior studies.

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The elixir (or burden) of youth? Exploring differences in innovation between start-ups and established firms

Cited by 115 publications

References 76 publications

Standards and innovation in manufacturing and services: the case of ISO 9000

Standards and innovation in manufacturing and services: the case of ISO 9000

‘Better late than never’: the interplay between green technology and age for firm growth

The impact of age on innovation

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