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Determinants of firm's innovation
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SYSNO ASEP 0385951 Document Type J - Journal Article R&D Document Type Journal Article Subsidiary J Článek ve WOS Title Determinants of firm's innovation Author(s) Zemplinerová, Alena (NHU-N) RID
Hromádková, E. (SK)Source Title Prague Economic Papers. - : Vysoká škola ekonomická v Praze - ISSN 1210-0455
Roč. 21, č. 4 (2012), s. 487-503Number of pages 17 s. Language eng - English Country CZ - Czech Republic Keywords innovation ; research and development ; public subsidies Subject RIV AH - Economics R&D Projects OC10062 GA MŠMT - Ministry of Education, Youth and Sports (MEYS) GAP402/11/2362 GA ČR - Czech Science Foundation (CSF) Institutional support NHU-N - RVO:67985998 UT WOS 000313919600006 Annotation The primary aim of the paper is an analysis of the relationships between growth, innovation and subsidies based on a large firm-level data set in the period 2004-2007. The novelty of the approach lies in linking data from financial statements with data from innovation surveys of the Czech Statistical. Innovation activities of firms are modelled as a four stage model (CDM) which allows studying several interrelated questions while controlling for simultaneity and for causality problem. In the first two stages determinants of decision to innovate and consequent innovation investment are separated. In the third stage innovation input (R&D investment) is linked to innovation output, and finally, in the fourth stage it is determined how the productivity of firm is related to its innovation activities. Our analysis proved that innovation input significantly increases innovation output, with increasing firm´s size, however, ceteris paribus, the innovation output is decreasing. This means that bigger firms are less efficient in transforming the innovation input into output. More importantly, our analysis shows that access to subsidies has significant, yet negative influence on innovation output. This result may throw a shadow on the efficiency of supported firms and have some implications for competition policy. Workplace Economics Institute Contact Tomáš Pavela, pavela@cerge-ei.cz, Tel.: 224 005 122 Year of Publishing 2013
Number of the records: 1