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A firm's absorptive capacity, human capital and linkages with knowledge institutions have been shown to increase the firm's probability of innovating in OECD economies. Despite its importance for national- and firm-level competitiveness, few papers examine the impact of the same variables for firms innovation in Latin America. This paper investigates the link between firm innovation and its absorption capacity as proxied by the presence of a R&D department, the firm's human capital, and its interaction with research centers and universities. We analyze the case of Chilean and Colombian manufacturing firms using data from innovation surveys. A probit regression model is applied to identify the determinants of innovation activity. We find that collaboration with university and research institutions is associated with an increase in the probability of introducing a new product in Chilean and Colombian firms of 29 and 44 percent, respectively, and it can increase up to 58 percent in the case of Colombian firms interacting with research centers. Moreover, firms whose employees have a higher level of education, or whose managers/supervisors have a higher (perceived) level of knowledge, are more likely to innovate. Although the estimates could be affected by biases and suffer from shortcomings in data, the findings suggest that policies and incentives to increase firm-level human capital and industry-university linkages are important to increase innovation in Latin America.
Agricultural Knowledge and Information Systems --- E-Business --- Firm Innovation --- Human Capital --- Innovation --- Innovation Activity --- Knowledge Institutions --- Labor Policies --- Macroeconomics and Economic Growth --- Probit Regression Model --- Social Development
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This paper examines the relationship between urban agglomeration and firm innovation using a recently developed dataset that consistently measures city boundaries across Asia together with geo-referenced firm-level data. It finds that the spatial distribution of innovation by firms is highly concentrated within countries. Further, firms in larger cities have substantially higher propensities to introduce product and process innovations and undertake R and D activities, a result that holds for subgroups of countries and even when the largest cities are excluded from the analysis. Finally, the presence of high quality universities and highly ranked engineering departments in cities is positively associated with firm innovation, lending support to the idea that the accumulation of human capital locally is a key channel through which urban agglomeration affects innovation.
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This paper studies the impact of foreign direct investment on domestic firms' innovation in China. It provides causal evidence by exploiting China's foreign direct investment deregulation in 2002 and employs a difference-in-difference estimation strategy. Using a matched firm-patent data set from 1998 to 2007, the results show that the quantity and quality of domestic firms' innovation benefit from foreign direct investment. Moreover, the paper emphasizes the importance of knowledge spillover from foreign direct investment in similar technology domains. The analysis examines the role of horizontal foreign direct investment and foreign direct investment in technologically close industries'industries that share similar technology domains. The findings show that foreign direct investment in technologically close industries generates much bigger positive spillovers than horizontal foreign direct investment. The paper also shows that knowledge spillover from foreign direct investment in similar technology domains is not driven by input-out linkages. Moreover, the spillover effect is stronger in cities with higher human capital stock and firms with higher absorptive capacity.
Business Environment --- Firm Innovation --- Foreign Direct Investment --- Innovation --- International Economics and Trade --- Private Sector Development --- Private Sector Economics --- Spillover Effect --- Technology Closeness
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A firm's absorptive capacity, human capital and linkages with knowledge institutions have been shown to increase the firm's probability of innovating in OECD economies. Despite its importance for national- and firm-level competitiveness, few papers examine the impact of the same variables for firms innovation in Latin America. This paper investigates the link between firm innovation and its absorption capacity as proxied by the presence of a R&D department, the firm's human capital, and its interaction with research centers and universities. We analyze the case of Chilean and Colombian manufacturing firms using data from innovation surveys. A probit regression model is applied to identify the determinants of innovation activity. We find that collaboration with university and research institutions is associated with an increase in the probability of introducing a new product in Chilean and Colombian firms of 29 and 44 percent, respectively, and it can increase up to 58 percent in the case of Colombian firms interacting with research centers. Moreover, firms whose employees have a higher level of education, or whose managers/supervisors have a higher (perceived) level of knowledge, are more likely to innovate. Although the estimates could be affected by biases and suffer from shortcomings in data, the findings suggest that policies and incentives to increase firm-level human capital and industry-university linkages are important to increase innovation in Latin America.
Agricultural Knowledge and Information Systems --- E-Business --- Firm Innovation --- Human Capital --- Innovation --- Innovation Activity --- Knowledge Institutions --- Labor Policies --- Macroeconomics and Economic Growth --- Probit Regression Model --- Social Development
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This paper analyzes the relationship between financial structure and innovation. Analysis of cross-country micro data over 2009-18 shows that a firm's financial sources matter for the choice to innovate and the extent to which a firm innovates. The relationship is stronger for firms relying on non-bank financial intermediaries and for firms in low-technology sectors. Moreover, the use of external sources of finance is associated with improved prospects of innovation, especially in more financially developed countries. These findings suggest that developing the financial sector can bring benefits in terms of innovation.
Banking --- Entrepreneurship --- Finance --- Finance and Development --- Finance and Financial Sector Development --- Financial Structures --- Firm Innovation --- Non Bank Financial Institutions --- Private Sector Development --- Risk Capital --- Small and Medium Size Enterprises
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This book unveils the importance of micro, small, medium, and large firms for fostering open innovation, using methodological designs based on both qualitative and quantitative approaches. Several dimensions of the inbound and outbound open innovation strategies and practices are explored, in the scope of University–University, University–Industry, and University–Society relations.
Film, TV & radio --- innovation --- creative design --- creativity education --- knowledge acquisition --- teamwork --- business cycle surveys --- economic cycle --- SMEs --- open innovation --- absorptive capacity --- collaboration --- joint research unit --- exploitation --- technological innovation --- proactive innovation --- reactive innovation --- firm performance --- manufacturing industry --- contract length --- firm innovation --- agency cost theory --- manufacturing firms --- regional clusters --- open innovation intermediary --- innovation ecosystem --- 4th industrial revolution --- innovation policy --- biotechnology --- agri-food sector --- R& --- D collaboration --- bioeconomy --- eco-innovation --- inbound --- outbound --- customer relationship management (CRM) --- relational capital (RC) --- Yemeni SMEs --- performance --- market knowledge --- multi-actor engagement --- dynamic marketing engagement --- business performance --- use of e-commerce --- manufacturing SMEs --- organizational --- environmental --- industry 4.0 --- DWT-digital work transformation --- servitization --- networked innovation --- SME innovation --- push-pull strategies --- family business --- food industry --- systematic literature review --- structured survey --- perspectives and trends
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