autoregressive nature of innovation. Using a large longitudinal dataset comprising Spanish manufacturing firms over the period 1990 … in the case of the YICs, suggesting that their innovation behaviour is less persistent and more erratic. Moreover, our … results suggest that firm and market characteristics play a distinct role in boosting the innovation activity of firms of …

This paper discusses the determinants of product innovation in young innovative companies (YICs) by looking at in …-house R&D is linked to the propensity to introduce product innovation both in mature firms and YICs; however, innovation … incumbent firms - in-house R&D does not play a significant role. -- R&D ; product innovation ; embodied technical change ; CIS 3 …