The Library
The elixir (or burden) of youth? Exploring differences in innovation between start-ups and established firms
Tools
Criscuolo, Paola, Nicolaou, Nicos and Salter, Ammon (2012) The elixir (or burden) of youth? Exploring differences in innovation between start-ups and established firms. Research Policy, 41 (2). pp. 319-333. doi:10.1016/j.respol.2011.12.001 ISSN 0048-7333.
Research output not available from this repository.
Request-a-Copy directly from author or use local Library Get it For Me service.
Official URL: http://doi.org/10.1016/j.respol.2011.12.001
Abstract
Despite the widely acknowledged role of start-ups in economic development, little is known about their innovative activities compared with those of established firms. Drawing on a sample of 12,209 UK firms, we differentiate between services and manufacturing firms and, using a matching estimator approach, demonstrate that start-ups differ significantly from established firms in their innovation activities. We find that in services, being a start-up increases the likelihood of product innovations. However, in manufacturing, we find no significant differences in the likelihood of product innovation between start-ups and established firms. When examining the returns to innovation, we find that start-ups have a significant advantage both in services and in manufacturing. We explore the implications of these results for theory and policy.
Item Type: | Journal Article | ||||||
---|---|---|---|---|---|---|---|
Divisions: | Faculty of Social Sciences > Warwick Business School > Entrepreneurship, Innovation & Management Faculty of Social Sciences > Warwick Business School |
||||||
Journal or Publication Title: | Research Policy | ||||||
Publisher: | Elsevier BV | ||||||
ISSN: | 0048-7333 | ||||||
Official Date: | March 2012 | ||||||
Dates: |
|
||||||
Volume: | 41 | ||||||
Number: | 2 | ||||||
Number of Pages: | 14 | ||||||
Page Range: | pp. 319-333 | ||||||
DOI: | 10.1016/j.respol.2011.12.001 | ||||||
Status: | Peer Reviewed | ||||||
Publication Status: | Published | ||||||
Access rights to Published version: | Restricted or Subscription Access |
Request changes or add full text files to a record
Repository staff actions (login required)
View Item |