We relate innovation to sales growth for incumbent firms in high-tech sectors. A firm, on average, experiences only … returns to innovation are highly skewed and that growth rates distributions are heavy-tailed, it may be misleading to use … that innovation is of crucial importance for a handful of superstar fast-growth firms. We also discuss policy implications …

investigations that have focused on the relationship between innovation and employment, the originality of our approach lies in our …-creating potential of firms of different sizes. As a result, we focus on the effect of innovation on total number of jobs, whereas … previous studies have focused on the effect of innovation on firm behavior. Indeed, previous studies have typically taken the …

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 …

technology sectors. Whilst conventional regression estimators show that the stock market does recognise efforts at innovation …, quantile regression analysis adds a new dimension to the literature, suggesting that the influence of innovation on market …

investigations that have focused on the relationship between innovation and employment, the originality of our approach lies in our …-creating potential of firms of different sizes. As a result, we focus on the effect of innovation on total number of jobs, whereas … previous studies have focused on the effect of innovation on firm behavior. Indeed, previous studies have typically taken the …

How do financial markets respond to firms' efforts at innovation ? To answer this question, we measure innovation by …. Whilst standard regression techniques find a positive relationship between innovation and growth, quantile regression … and show that these firms owe a lot of their success to their previous efforts at innovation. However, there are also …

Innovation is commonly seen as the principal engine of economic development. In this paper, we investigate the … microfoundations of economic growth by relating innovation to sales growth at the firm-level, for incumbent firms in four «complex …

technology sectors. Whilst conventional regression estimators show that the stock market does recognise efforts at innovation …, quantile regression analysis adds a new dimension to the literature, suggesting that the influence of innovation on market …

We relate innovation to sales growth for incumbent firms in four high-tech sectors. A firm, on average, experiences …