Publication:
Firm heterogeneity and innovation strategy decisions

Simple item page
dc.contributor.authorGuzmán Cofre, Cristian
dc.contributor.authorVásquez Lavín, Felipe
dc.contributor.authorSanchez Henriquez, Fernando
dc.date.accessioned2025-02-28T14:28:15Z
dc.date.available2025-02-28T14:28:15Z
dc.date.issued2024
dc.description.abstractResearch on innovation strategy has focused on dichotomic (yes or no) options and the determinants of technological (product and process) innovations. This paper includes a variety of innovation strategies to extend the Crepon–Duguet–Mairesse model suggested by Cr´epon et al. (1998). We extend the study of innovation strategy to nontechnological innovations (organizational and marketing), encompassing all possible combinations of innovative alternatives for the firm (16 strategies). Furthermore, we use a panel of four waves (2009–2010, 2011–2012, 2013–2014, and 2015–2016) of the Chilean innovation survey, which allows us to consider endogeneity using a fixed-effect multinomial logit model. Our results show the relevance of R&D spending per employee in all innovation strategies. Skilled employees positively affect organizational innovation strategies, and medium and large firms are more likely to choose strategies involving process and organizational innovation. The choice of innovation strategy is relevant to a firm’s productivity. The coefficient increases monotonically from simple to semi-complex to complex strategies, all of which are positive and statistically significant. This study’s results seem more plausible than those found in previous literature.
dc.description.versionVersión publicada
dc.format.extent32 p.
dc.identifier.citationLatin American Economic Review, 33(2024), 1-31
dc.identifier.doihttps://doi.org/10.60758/WH5FD917
dc.identifier.urihttps://hdl.handle.net/11447/9867
dc.language.isoen
dc.subjectInnovation strategies
dc.subjectHeterogeneous firms
dc.subjectMultinomial logit estimation
dc.titleFirm heterogeneity and innovation strategy decisions
dc.typeArticle
dcterms.sourceLatin American Economic Review
dspace.entity.typePublication
relation.isAuthorOfPublication453a6661-8778-4f8f-a5fa-362612fc2b58
relation.isAuthorOfPublication.latestForDiscovery453a6661-8778-4f8f-a5fa-362612fc2b58

Files

Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Firm_Heterogeneity_and_Innovation_Strategy_Decisions.pdf
Size:
452.4 KB
Format:
Adobe Portable Document Format
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
347 B
Format:
Item-specific license agreed upon to submission
Description:
Download

Collections

Artículos Economía y Negocios

Implementado por OpenGeek Services