Coad, Alexander (contributor); Rao, Rekha (contributor) - 2007
We relate innovation to sales growth for incumbent firms in high-tech sectors. A firm, on average, experiences only … the returns to innovation are highly skewed and that growth rates distributions are heavy-tailed, it may be misleading to …, we observe that innovation is of crucial importance for a handful of "superstar" fast-growth firms. We also discuss …