, but we do not find evidence for the reverse effect. When additionally looking at innovation performance, R&D activities …

'relevant' firms. Our empirical results indeed show that the measure performs better than the standard measure in an innovation … and significant impact on innovation success. However, the knowledge spillovers appear to be localized: Spillovers from … particularly Switzerland itself. Moreover, the spillover effect on innovation performance decreases with increasing number of …

universities and tested them on Swiss firm data. In a second step, we investigated the impact on innovation performance of …-oriented firms. We further found a positive effect on innovation performance for exploration-oriented firms but not for those that … were exploration-oriented. -- knowledge exploration ; knowledge exploitation ; innovation …