Abstract
This paper analyzes how the influence of firm-level innovation determinants varies over the industry life cycle. Two sets of determinants are distinguished: (1) determinants of a firm's innovation propensity, i.e. the likelihood of being innovative and (2) determinants of its innovation intensity, i.e. innovation sales. By combining the literature emphasizing firms' internal resources (micro-level) with the research strand on the role of the industry context (meso-level), the paper develops hypotheses about the relative importance of firm-level innovation determinants over the industry life cycle. Estimation of a firm-level model of innovation in Sweden, while acknowledging the stage of the life cycle of the industry a firm belongs to, shows that the importance of the determinants of innovation propensity and intensity is not equal over the stages of an industry's life cycle.
Original language | English |
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Pages (from-to) | 18-32 |
Number of pages | 15 |
Journal | Technological Forecasting & Social Change |
Volume | 91 |
DOIs | |
Publication status | Published - 2015 Feb 1 |
Externally published | Yes |
Subject classification (UKÄ)
- Economics and Business
Free keywords
- Community innovation survey (CIS4)
- Determinants of innovation
- Industry life cycle (ILC)
- Innovation intensity
- Innovation propensity