Determinants of Abandoning Innovative Activities: Evidence from Spanish Firms
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| Formato: | Artículo científico |
| Lenguaje: | en |
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Asociación Científica de Economía y Dirección de Empresas
2010
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| _version_ | 1876478320709730304 |
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| author | María García-Vega |
| author_facet | María García-Vega |
| contents | Determinants of Abandoning Innovative Activities: Evidence from Spanish Firms María García-Vega Alberto López Economía y Finanzas Innovation failure Firm heterogeneity Barriers to innovation We empirically analyse the effect of firms' barriers to innovation on the probability of abandoning innovation projects. Specifically, we study factors related to the availability of finance, knowledge and market conditions. We use a sample of more than 8,300 innovative Spanish firms for the period 2005-2007. We find that all obstacles to innovation have a positive effect on the probability of abandoning innovative activities. Results show that market-related factors seem to be the most important determinants of innovation failure. Analyzing results by firm size, we find that, for small-medium firms, the main factors that lead to abandoning innovative projects are competition from established firms and marketuncertainty. In contrast, for large firms, the most important barriers are the lack of qualified personnel and the availability of external finance. These results might suggest that large and small-medium firms differ in the scale and complexity of their innovative projects. 2010 artículo científico 1138-5758 https://www.redalyc.org/articulo.oa?id=80717221004 en http://www.redalyc.org/revista.oa?id=807 Cuadernos de Economía y Dirección de la Empresa application/pdf Asociación Científica de Economía y Dirección de Empresas Cuadernos de Economía y Dirección de la Empresa (España) Num.45 |
| format | Artículo científico |
| id | redalyc_80717221004 |
| institution | Redalyc |
| language | en |
| publishDate | 2010 |
| publisher | Asociación Científica de Economía y Dirección de Empresas |
| spellingShingle | Determinants of Abandoning Innovative Activities: Evidence from Spanish Firms María García-Vega Economía y Finanzas Innovation failure Firm heterogeneity Barriers to innovation Determinants of Abandoning Innovative Activities: Evidence from Spanish Firms María García-Vega Alberto López Economía y Finanzas Innovation failure Firm heterogeneity Barriers to innovation We empirically analyse the effect of firms' barriers to innovation on the probability of abandoning innovation projects. Specifically, we study factors related to the availability of finance, knowledge and market conditions. We use a sample of more than 8,300 innovative Spanish firms for the period 2005-2007. We find that all obstacles to innovation have a positive effect on the probability of abandoning innovative activities. Results show that market-related factors seem to be the most important determinants of innovation failure. Analyzing results by firm size, we find that, for small-medium firms, the main factors that lead to abandoning innovative projects are competition from established firms and marketuncertainty. In contrast, for large firms, the most important barriers are the lack of qualified personnel and the availability of external finance. These results might suggest that large and small-medium firms differ in the scale and complexity of their innovative projects. 2010 artículo científico 1138-5758 https://www.redalyc.org/articulo.oa?id=80717221004 en http://www.redalyc.org/revista.oa?id=807 Cuadernos de Economía y Dirección de la Empresa application/pdf Asociación Científica de Economía y Dirección de Empresas Cuadernos de Economía y Dirección de la Empresa (España) Num.45 |
| title | Determinants of Abandoning Innovative Activities: Evidence from Spanish Firms |
| topic | Economía y Finanzas Innovation failure Firm heterogeneity Barriers to innovation |
| url | https://www.redalyc.org/articulo.oa?id=80717221004 |