Work

Innovative events: product launches, innovation and firm performance

Year: 2021

Type: article

Abstract: In this paper, we shed new light on the links between firm-level innovation and growth. We introduce data that capture a difficult-to-observe aspect of firms' innovative activity – new product/service launches – at scale. We show that our novel measures complement existing innovation metrics. We build a simple framework covering firm-level innovation, launches and revenue productivity. Then, we show positive linkages between past patenting and launches and between launches and performance for a large panel of small and medium-sized enterprises (SMEs) in the UK. We go on to explore the roles of age, size, industry and product/service quality in these relationships. A subset of SMEs with high-quality launches explains our results.

Source: Research Policy

DOI: 10.1016/j.respol.2021.104373

Authors: Max Nathan, Anna Rosso

Institutions: IZA - Institute of Labor Economics, University College London, University of Milan

Language: English

Topic: Firm Innovation and Growth

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Decent work and economic growth, Industry, innovation and infrastructure

Open Access status: green

Funder: Economic and Social Research Council