This paper investigates, both theoretically and empirically, the implications that complementary assets needed for the formation of start-ups – proxied by the ease of access to financial resources – have on the innovative efforts of incumbent firms. In particular, we develop a theoretical...

This paper examines the determinants of young innovative companies’ (YICs) R&D activitiestaking into account the autoregressive nature of innovation. Using a large longitudinal datasetcomprising Spanish manufacturing firms over the period 1990-2008, we find that previousR&D experience is a...

The aim of this study is to test the possible catalysing role of in-house R&D in fostering thecomplementarity of innovative inputs on a sample of 3045 manufacturing firms drawn fromthe third Italian Community Innovation Survey (1998-2000). The interactions between fourdifferent sources of...

Using a balanced panel of 215 Italian manufacturing firms over the 1995-2000 period, thispaper investigates the determinants of R&D investment at the level of the firm. While findingfurther support for the well-established technology-push and demand-pull hypotheses, thisstudy also tests the role...

This paper examines the determinants of young innovative companies' (YICs) R&D activities taking into account the autoregressive nature of innovation. Using a large longitudinal dataset comprising Spanish manufacturing firms over the period 1990-2008, we find that previous R&D experience is a...

This paper discusses the determinants of product innovation in young innovative companies (YICs) by looking at in-house and external R&D and at the acquisition of external technology in embodied and disembodied components. These input-output relationships are tested on a sample of innovative...

Using a balanced panel of 215 Italian manufacturing firms over the 1995-2000 period, this paper investigates the determinants of Ramp;D investment at the level of the firm. While finding further support for the well-established technology-push and demand-pull hypotheses, this study also tests...

While the extant innovation literature has provided extensive evidence of the so-called "demand-pull" effect, the possible diverse impact of demand evolution on product vs process innovation activities has not been yet investigated. This paper develops a formal model predicting a larger inducing...

This paper addresses, both theoretically and empirically, the sectoral patterns of job creation and job destruction in order to distinguish the alternative effects of embodied vs disembodied technological change operating into a vertically connected economy. Disembodied technological change...

This paper explores the employment impact of innovation activity, taking into account both R&D expenditures and embodied technological change (ETC). We use a novel panel dataset covering 265 innovative Italian firms over the period 1998-2010. The main outcome from the proposed fixed effect...