Financial and Non-Financial Barriers to Innovation and the Degree of Radicalness

The aim of this study is to analyse the effects barriers innovation on firms’ propensity engage in radical and incremental innovations. We look at innovative potentially firms estimate effect three types barriers—financial, knowledge competition—on new world, market innovation. An empirical has been performed, drawing data collected from German Mannheim Innovation Panel covering period 2014 2016. Empirical results reveal heterogeneous depending degree radicalness. In particular, competition are an impediment innovation, whereas financial reduce a probability Based findings, we discuss policy recommendations for mitigating conditional