Product Innovation and Firm Growth: Evidence from the Integrated Circuits Industry
نویسنده
چکیده
Applied research on growth and innovation seems to suggest that successful innovations do not significantly enhance firm growth. This paper tests the hypothesis that the level of observation at which applied research is typically conducted hampers identification of a significant association between innovation and sales growth rates. Exploiting a unique data set, we find that product innovations commercialized in the immediate past positively affect the corporate revenue streams of semiconductor companies.
منابع مشابه
Product Innovation and Growth: The Case of Integrated Circuits
A puzzling evidence stemming from the applied research on growth and innovation is that successful innovations do not appear to have a significant effect on sales growth rates, at odds with the expectation that successful innovators will prosper at the expenses of their less able competitors. The present paper tests a research hypothesis claiming that the level of observation at which applied r...
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