Runst, Petrik; Thomä, Jörg - 2024
The literature has established that young firms engaged in R&D exhibit a pronounced asymmetry in their economic … improved economic performance relative to non-innovators, although less so than R&D firms. Our results also suggest that firms … engaged in non-R&D innovation grow in a less risky and costly way than R&D innovators, and that a young firm's decision …