Autori
Piccaluga, Andrea
Cesaroni, Fabrizio
Marullo, Cristina

Titolo
How to invest in r&d during a crisis? Exploring the differences between fast-growing and slow-growing Smes
Periodico
Piccola impresa
Anno: 2020 - Fascicolo: 1 - Pagina iniziale: 143 - Pagina finale: 160

This paper examines the relationship between R&D investments, innovation and growth in high-technology SMEs during a period of economic downturn. We conduct a quantile regression analysis of longitudinal data collected on a panel of 460 high-technology SMEs over a 6 years period, to test the impact of different activities characterising firms’ innovation strategies (internal R&D investments, external knowledge sourcing through collaborative R&D and the introduction of new products to the market) over the distribution of firms’ growth. We show that the impact of R&D investments is considerably different over the distribution of growth for firms in the sample during a period of economic downturn. More specifically, two distinct profiles emerge. Younger, smaller and innovating companies still experience fast growth rates as a result of the introduction of new products to the market. Conversely, negative returns on R&D investments characterise slow-growing high-technology SMEs. In such cases, a balanced approach between internal R&D investments and collaborative R&D activities positively contributes to growth



SICI: 0394 7947(2020)1<143:HTIIRD>2.0.ZU;2-X
Testo completo: http://rivistapiccolaimpresa.uniurb.it/index.php/piccola/article/view/330/122122189

Esportazione dati in Refworks (solo per utenti abilitati)

Biblioteche ACNP che possiedono il periodico