0439512 - NHU-C 2015 RIV GB eng J - Journal Article
Sidorkin, O. - Srholec, Martin
Surviving the times of crisis: does innovation make a difference?
International Journal of Technological Learning, Innovation and Development. Roč. 7, č. 2 (2014), s. 124-146. ISSN 1753-1942
Institutional support: PRVOUK-P23
Keywords : Eastern Europe * economic crisis * innovation
Subject RIV: AH - Economics
DOI: https://doi.org/10.1504/IJTLID.2014.065881

The recent economic crisis caught many by surprise. Yet some firms were better prepared to weather the downturn than others. Using a unique micro dataset of shareholding companies from emerging countries in Eastern and Southern Europe derived from the World Bank's Enterprise Surveys, we econometrically test the hypothesis that pre-crisis innovation affected their survival odds and performance thereafter. Overall, the results indicate that the innovation-survival connection holds.
Permanent Link: http://hdl.handle.net/11104/0244321