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Market versus corporate structure in plant-level innovation performance
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Love, James H. and Ashcroft, Brian (1999) Market versus corporate structure in plant-level innovation performance. Small Business Economics, Volume 13 (Number 2). pp. 97-109. doi:10.1023/A:1008182504928 ISSN 0921-898X.
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Official URL: http://dx.doi.org/10.1023/A:1008182504928
Abstract
This paper examines the effect which market and corporate structure have on the extent of innovation for a sample of circa 300 manufacturing plants located in Scotland.
Innovation is defined as the introduction of a commercially
significant new product at the establishment level. The
theoretical model of Geroski (1990) is extended to incorporate
plant-level variables such as size, multiplant operation,
the presence of R&D facilities and external/indigenous ownership.
A distinction is made between the direct and indirect
effects of these variables. Negative binomial estimations
indicate that corporate structure influences are more important
in determining the number of innovations than market
structure and barrier to entry variables. Plant size, foreign
ownership and the presence of R&D are all positively associated
with innovation. Direct effects greatly outweigh indirect
effects. Tobit estimations on the number of innovations per
employee support the findings of Acs and Audretsch (1988)
that smaller enterprises are more innovation intensive than
larger enterprises, at least up to a limit of around 1200
employees. The positive effect of R&D arises principally from
increasing the probability of a plant becoming an innovator,
rather than from making a plant more innovation intensive. By
contrast, the importance of size lies principally in encouraging
further innovations among plants which are already innovators,
but less tha
Item Type: | Journal Article | ||||||
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Divisions: | Faculty of Social Sciences > Warwick Business School > Entrepreneurship, Innovation & Management Faculty of Social Sciences > Warwick Business School |
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Journal or Publication Title: | Small Business Economics | ||||||
Publisher: | Springer | ||||||
ISSN: | 0921-898X | ||||||
Official Date: | 13 September 1999 | ||||||
Dates: |
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Volume: | Volume 13 | ||||||
Number: | Number 2 | ||||||
Number of Pages: | 13 | ||||||
Page Range: | pp. 97-109 | ||||||
DOI: | 10.1023/A:1008182504928 | ||||||
Status: | Peer Reviewed | ||||||
Publication Status: | Published | ||||||
Access rights to Published version: | Restricted or Subscription Access |
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