Zhang, Mingqian; Mohnen, Pierre - United Nations University-Maastricht Economic Research … - 2013
between innovation effort (R&D) or innovation output (the share of innovative sales) and the firm's duration of survival. We … seems to be an inverted-U relationship between R&D or innovation output and long-term survival, suggesting that too much R …&D or product innovation can cause firms to die, perhaps because of excessive risk. Survival has a cyclical behaviour, and …