Radical innovations require risk-taking. However, it is hard to find an objective measure for innovation investments … that would take riskiness into account. In this paper, we investigate how a simple measure of firms’ innovation investments …. We then build a simple model where firms’ innovation activities and firm risk are interrelated. We use the model to …

The importance of data and different sources of knowledge in the development of new services and products, and further … findings emphasize the role of a firms absorptive capacity and its ICT competence in data-based innovation. It seems that … customer involvement in innovation process positively relates to the production of new data-based products and services. The …

In this paper, we examine firm innovation and its link to firm growth. Instead of using the conventional … conceptualization and operationalization of innovation in terms of the R&D budget, we use a more elaborate 12-dimensional … conceptualization, which takes into account also the non-technological aspects of innovation. The 12-dimensional operationaliza …

organizations in the Finnish innovation and business support system. Finpro regards its mission to include increasingly a role of an … are typically highly internationalized, innovative and knowledge-based. They use, more likely than Finnish firms on …