Publication: How does probability of process innovation change with firm age?
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ISSN: 0921-898X (print)
ISSN: 1573-0913 (online)
Publication date
2004
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Kluwer Academic Publishers
Abstract
This paper looks at the probability of introducing innovations by manufacturing firms at different stages of their lives. Once differences related to activity and size are controlled for, we examine how the probability of innovation
varies over entry, post-entry ages, and advanced ages of mature firms. We also measure the association between exit
from the market and pre-exit innovation. Results show that the probability of innovating widely varies by activity, and that small size per se broadly reduces the probability of innovation, but also that entrant firms tend to present the highest
probability of innovation while the oldest firms tend to show lower innovative probabilities. Some sets of firms with intermediate ages also present a high probability of innovation, and
exiting firms are clearly associated to lower levels of introducing
process innovations.
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Bibliographic citation
Small Business Economics, (2004), 22 (3-4), p. 193-207