Publication
Research Paper
Innovation, Innovation Strategy and Survival.
Published: 24 February 2014
ERC Research Paper No 17
Associated Themes
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Innovation
Innovation has a recognised effect on survival. Undertaking more risky innovation may increase the risk of business failure, while incremental innovation may reduce the risk. This paper investigates how firms’ innovation strategy choices affect the relationship between innovation and firm survival. The research suggests the notion of “survival additionality”, i.e. firms receiving public support derive more persistent benefits from innovation than firms which did not receive public support.
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