메뉴 건너뛰기




Volumn 26, Issue 3, 2019, Pages 321-347

Innovation and firm growth over the business cycle

Author keywords

business cycle; firm growth; Innovation

Indexed keywords

BUSINESS CYCLE; INDUSTRIAL DEVELOPMENT; INDUSTRIAL PERFORMANCE; INNOVATION; MACROECONOMICS; RESEARCH AND DEVELOPMENT;

EID: 85041516683     PISSN: 13662716     EISSN: 14698390     Source Type: Journal    
DOI: 10.1080/13662716.2018.1431523     Document Type: Article
Times cited : (52)

References (66)
  • 1
    • 84865990261 scopus 로고    scopus 로고
    • Credit Constraints and the Cyclicality of R &D Investment: Evidence from France
    • Aghion, Philippe, Philippe, Askenazy, Nicolas, Berman, Gilbert, Cette, and Laurent, Eymard. 2012. “Credit Constraints and the Cyclicality of R &D Investment: Evidence from France.” Journal of the European Economic Association 10 (5): 1001–1024.
    • (2012) Journal of the European Economic Association , vol.10 , Issue.5 , pp. 1001-1024
    • Aghion, P.1    Askenazy, P.2    Berman, N.3    Cette, G.4    Eymard, L.5
  • 3
    • 0032365525 scopus 로고    scopus 로고
    • Virtues of Bad Times Interaction Between Productivity Growth and Economic Fluctuations
    • Aghion, Philippe, and Gilles, Saint-Paul. 1998. “Virtues of Bad Times Interaction Between Productivity Growth and Economic Fluctuations.” Macroeconomic Dynamics 2 (3): 322–344.
    • (1998) Macroeconomic Dynamics , vol.2 , Issue.3 , pp. 322-344
    • Aghion, P.1    Saint-Paul, G.2
  • 5
    • 84874778786 scopus 로고    scopus 로고
    • Economic Crisis and Innovation: Is Destruction Prevailing Over Accumulation?
    • Archibugi, Daniele, Andrea, Filippetti, and Marion, Frenz. 2013. “Economic Crisis and Innovation: Is Destruction Prevailing Over Accumulation?” Research Policy 42 (2): 303–314.
    • (2013) Research Policy , vol.42 , Issue.2 , pp. 303-314
    • Archibugi, D.1    Filippetti, A.2    Frenz, M.3
  • 6
    • 4043111402 scopus 로고    scopus 로고
    • R &D, Organization Structure, and the Development of Corporate Technological Knowledge
    • Argyres, Nicholas S., and Brian S., Silverman. 2004. “R &D, Organization Structure, and the Development of Corporate Technological Knowledge.” Strategic Management Journal 25 (8–9): 929–958.
    • (2004) Strategic Management Journal , vol.25 , Issue.8-9 , pp. 929-958
    • Argyres, N.S.1    Silverman, B.S.2
  • 7
    • 67651221446 scopus 로고    scopus 로고
    • Neglected Innovators: How do Innovative Firms That do not Perform R &D Innovate
    • Arundel, Anthony, Catalina, Bordoy, Minna, Kanerva. 2007. “Neglected Innovators: How do Innovative Firms That do not Perform R &D Innovate.” Results of an Analysis of the Innobarometer 9, 215.
    • (2007) Results of an Analysis of the Innobarometer , vol.9 , pp. 215
    • Arundel, A.1    Bordoy, C.2    Kanerva, M.3
  • 8
    • 85061017196 scopus 로고    scopus 로고
    • Auswirkungen der Finanz-und Wirtschaftskrise von 2008 auf die Schweizer Wirtschaft: Eine Analyse auf der Basis von Unternehmensdaten
    • Arvanitis, Spyros, Marius, Ley, Andrin, Spescha, Tobias, Stucki, and Martin, Wörter. 2014. “Auswirkungen der Finanz-und Wirtschaftskrise von 2008 auf die Schweizer Wirtschaft: Eine Analyse auf der Basis von Unternehmensdaten.” KOF Studien, 55.
    • (2014) KOF Studien , pp. 55
    • Arvanitis, S.1    Ley, M.2    Spescha, A.3    Stucki, T.4    Wörter, M.5
  • 9
    • 85061020349 scopus 로고    scopus 로고
    • Die Entwicklung der Innovationsaktivitäten in der Schweizer Wirtschaft 1997–2014: Studie im Auftrag des Staatssekretariats für Wirtschaft SECO
    • Arvanitis, Spyros, Florian, Seliger, Andrin, Spescha, Tobias, Stucki, and Martin, Wörter. 2017. “Die Entwicklung der Innovationsaktivitäten in der Schweizer Wirtschaft 1997–2014: Studie im Auftrag des Staatssekretariats für Wirtschaft SECO.” KOF Studien, 88.
    • (2017) KOF Studien , pp. 88
    • Arvanitis, S.1    Seliger, F.2    Spescha, A.3    Stucki, T.4    Wörter, M.5
  • 10
    • 84983791785 scopus 로고    scopus 로고
    • Firm Characteristics and the Cyclicality of R &D Investments
    • Arvanitis, Spyros, and Martin, Woerter. 2014. “Firm Characteristics and the Cyclicality of R &D Investments.” Industrial and Corporate Change 23 (5): 1141–1169.
    • (2014) Industrial and Corporate Change , vol.23 , Issue.5 , pp. 1141-1169
    • Arvanitis, S.1    Woerter, M.2
  • 12
    • 84903187306 scopus 로고    scopus 로고
    • Fluctuations in Uncertainty
    • Bloom, Nicholas. 2014. “Fluctuations in Uncertainty.” The Journal of Economic Perspectives 28 (2): 153–175.
    • (2014) The Journal of Economic Perspectives , vol.28 , Issue.2 , pp. 153-175
    • Bloom, N.1
  • 13
    • 0000265401 scopus 로고
    • The Cleansing Effect of Recessions
    • Caballero, Ricardo J., and Mohamad L., Hammour. 1994. “The Cleansing Effect of Recessions.” The American Economic Review 84 (5): 1350–1368.
    • (1994) The American Economic Review , vol.84 , Issue.5 , pp. 1350-1368
    • Caballero, R.J.1    Hammour, M.L.2
  • 15
    • 84857007503 scopus 로고    scopus 로고
    • Strategic Organization of R &D
    • Silverman B., (ed), Emerald Group Publishing Limited, and,. edited by
    • Cassiman, Bruno, and Alfonso, Gambardella. 2009. “Strategic Organization of R &D.” In Economic Institutions of Strategy, edited by Brian, Silverman, 39–64. Emerald Group Publishing Limited.
    • (2009) Economic Institutions of Strategy , pp. 39-64
    • Cassiman, B.1    Gambardella, A.2
  • 16
    • 0032333450 scopus 로고    scopus 로고
    • Organizing for Radical Product Innovation: The Overlooked Role of Willingness to Cannibalize
    • Chandy, Rajesh K., and Gerard J., Tellis. 1998. “Organizing for Radical Product Innovation: The Overlooked Role of Willingness to Cannibalize.” Journal of Marketing Research 35 (4): 474–487.
    • (1998) Journal of Marketing Research , vol.35 , Issue.4 , pp. 474-487
    • Chandy, R.K.1    Tellis, G.J.2
  • 17
    • 2342613110 scopus 로고    scopus 로고
    • Boston: Harvard Business School Press
    • Chesbrough, Henry. 2003. Open Innovation. Boston: Harvard Business School Press.
    • (2003) Open Innovation
    • Chesbrough, H.1
  • 18
    • 41749089115 scopus 로고    scopus 로고
    • Innovation and Firm Growth in High-tech Sectors: A Quantile Regression Approach
    • Coad, Alex, and Rekha, Rao. 2008. “Innovation and Firm Growth in High-tech Sectors: A Quantile Regression Approach.” Research policy 37 (4): 633–648.
    • (2008) Research policy , vol.37 , Issue.4 , pp. 633-648
    • Coad, A.1    Rao, R.2
  • 19
    • 0000041791 scopus 로고
    • Innovation and Learning: The Two Faces of R &D
    • Cohen, Wesley M., and Daniel A., Levinthal. 1989. “Innovation and Learning: The Two Faces of R &D.” The Economic Journal 99 (397): 569–596.
    • (1989) The Economic Journal , vol.99 , Issue.397 , pp. 569-596
    • Cohen, W.M.1    Levinthal, D.A.2
  • 20
    • 84876833569 scopus 로고    scopus 로고
    • On Firm Growth and Innovation: Some New Empirical Perspectives Using French CIS (1992–2004)
    • Colombelli, Alessandra, Naciba, Haned, and Christian, Le Bas. 2013. “On Firm Growth and Innovation: Some New Empirical Perspectives Using French CIS (1992–2004).” Structural Change and Economic Dynamics 26: 14–26.
    • (2013) Structural Change and Economic Dynamics , vol.26 , pp. 14-26
    • Colombelli, A.1    Haned, N.2    Le Bas, C.3
  • 21
    • 85006913766 scopus 로고    scopus 로고
    • Innovation, Creative Destruction and Structural Change: Firm-level Evidence from European Countries
    • Dachs, Bernhard, Martin, Hud, Christian, Koehler, and Bettina, Peters. 2017. “Innovation, Creative Destruction and Structural Change: Firm-level Evidence from European Countries.” Industry and Innovation 24 (4): 346–381.
    • (2017) Industry and Innovation , vol.24 , Issue.4 , pp. 346-381
    • Dachs, B.1    Hud, M.2    Koehler, C.3    Peters, B.4
  • 22
    • 84867948161 scopus 로고    scopus 로고
    • R &D and the Growth of Firms: Empirical Analysis of a Panel of Italian Firms
    • Del Monte, Alfredo, and Erasmo, Papagni. 2003. “R &D and the Growth of Firms: Empirical Analysis of a Panel of Italian Firms.” Research Policy 32 (6): 1003–1014.
    • (2003) Research Policy , vol.32 , Issue.6 , pp. 1003-1014
    • Del Monte, A.1    Papagni, E.2
  • 23
    • 84857084941 scopus 로고    scopus 로고
    • Innovation and Firm Growth: Is R &D Worth it?
    • Demirel, Pelin, and Mariana, Mazzucato. 2012. “Innovation and Firm Growth: Is R &D Worth it?” Industry and Innovation 19 (1): 45–62.
    • (2012) Industry and Innovation , vol.19 , Issue.1 , pp. 45-62
    • Demirel, P.1    Mazzucato, M.2
  • 24
    • 0000436009 scopus 로고
    • The Adoption of Radical and Incremental Innovations: An Empirical Analysis
    • Dewar, Robert D., and Jane E., Dutton. 1986. “The Adoption of Radical and Incremental Innovations: An Empirical Analysis.” Management Science 32 (11): 1422–1433.
    • (1986) Management Science , vol.32 , Issue.11 , pp. 1422-1433
    • Dewar, R.D.1    Dutton, J.E.2
  • 26
    • 84907222982 scopus 로고    scopus 로고
    • An Empirical Examination of the Procyclicality of R &D Investment and Innovation
    • Fabrizio, Kira R., and Ulya, Tsolmon. 2014. “An Empirical Examination of the Procyclicality of R &D Investment and Innovation.” Review of Economics and Statistics 96 (4): 662–675.
    • (2014) Review of Economics and Statistics , vol.96 , Issue.4 , pp. 662-675
    • Fabrizio, K.R.1    Tsolmon, U.2
  • 27
    • 0001110217 scopus 로고
    • Do Old Fallacies Ever Die?
    • Friedman, Milton. 1992. “Do Old Fallacies Ever Die?” Journal of Economic Literature 30 (4): 2129–2132.
    • (1992) Journal of Economic Literature , vol.30 , Issue.4 , pp. 2129-2132
    • Friedman, M.1
  • 28
    • 84985666241 scopus 로고
    • Do Innovating Firms Outperform Non-innovators?
    • Geroski, Paul, and Steve, Machin. 1992. “Do Innovating Firms Outperform Non-innovators?” Business Strategy Review 3 (2): 79–90.
    • (1992) Business Strategy Review , vol.3 , Issue.2 , pp. 79-90
    • Geroski, P.1    Machin, S.2
  • 29
    • 15544372165 scopus 로고    scopus 로고
    • Understanding the Implications of Empirical Work on Corporate Growth Rates
    • Geroski, Paul A., 2005. “Understanding the Implications of Empirical Work on Corporate Growth Rates.” Managerial and Decision Economics 26 (2): 129–138.
    • (2005) Managerial and Decision Economics , vol.26 , Issue.2 , pp. 129-138
    • Geroski, P.A.1
  • 30
    • 0029532380 scopus 로고
    • Innovative Activity over the Business Cycle
    • Geroski, Paul A., and Chris F., Walters. 1995. “Innovative Activity over the Business Cycle.” The Economic Journal 105 (431): 916–928.
    • (1995) The Economic Journal , vol.105 , Issue.431 , pp. 916-928
    • Geroski, P.A.1    Walters, C.F.2
  • 31
    • 84874860016 scopus 로고    scopus 로고
    • Does Price Elasticity Vary with Economic Growth? A Cross-category Analysis
    • Gordon, Brett R., Avi, Goldfarb, and Yang, Li. 2013. “Does Price Elasticity Vary with Economic Growth? A Cross-category Analysis.” Journal of Marketing Research 50 (1): 4–23.
    • (2013) Journal of Marketing Research , vol.50 , Issue.1 , pp. 4-23
    • Gordon, B.R.1    Goldfarb, A.2    Li, Y.3
  • 32
    • 84959827102 scopus 로고
    • Quality Ladders in the Theory of Growth
    • Grossman, Gene M., and Elhanan, Helpman. 1991. “Quality Ladders in the Theory of Growth.” The Review of Economic Studies 58 (1): 43–61.
    • (1991) The Review of Economic Studies , vol.58 , Issue.1 , pp. 43-61
    • Grossman, G.M.1    Helpman, E.2
  • 39
    • 84945279878 scopus 로고    scopus 로고
    • The Impact of R &D Subsidies During the Crisis
    • Hud, Martin, and Katrin, Hussinger. 2015. “The Impact of R &D Subsidies During the Crisis.” Research policy 44 (10): 1844–1855.
    • (2015) Research policy , vol.44 , Issue.10 , pp. 1844-1855
    • Hud, M.1    Hussinger, K.2
  • 40
    • 31944450165 scopus 로고    scopus 로고
    • Open for Innovation: The Role of Openness in Explaining Innovation Performance Among UK Manufacturing Firms
    • Laursen, Keld, and Ammon, Salter. 2006. “Open for Innovation: The Role of Openness in Explaining Innovation Performance Among UK Manufacturing Firms.” Strategic Management Journal 27 (2): 131–150.
    • (2006) Strategic Management Journal , vol.27 , Issue.2 , pp. 131-150
    • Laursen, K.1    Salter, A.2
  • 41
    • 56349146205 scopus 로고    scopus 로고
    • An Empirical Model of Growth Through Product Innovation
    • Lentz, Rasmus, and Dale T., Mortensen. 2008. “An Empirical Model of Growth Through Product Innovation.” Econometrica 76 (6): 1317–1373.
    • (2008) Econometrica , vol.76 , Issue.6 , pp. 1317-1373
    • Lentz, R.1    Mortensen, D.T.2
  • 43
    • 31944442439 scopus 로고    scopus 로고
    • Inequality of Innovation: Skewed Distributions and the Returns to Innovation in Dutch Manufacturing
    • Marsili, Orietta, and Ammon, Salter. 2005. “Inequality of Innovation: Skewed Distributions and the Returns to Innovation in Dutch Manufacturing.” Economics of Innovation and New Technology 14 (1–2): 83–102.
    • (2005) Economics of Innovation and New Technology , vol.14 , Issue.1-2 , pp. 83-102
    • Marsili, O.1    Salter, A.2
  • 44
    • 21344441791 scopus 로고
    • An Approach for Identifying Cannibalization within Product Line Extensions and Multi-brand Strategies
    • Mason, Charlotte H., and George R., Milne. 1994. “An Approach for Identifying Cannibalization within Product Line Extensions and Multi-brand Strategies.” Journal of Business Research 31 (2–3): 163–170.
    • (1994) Journal of Business Research , vol.31 , Issue.2-3 , pp. 163-170
    • Mason, C.H.1    Milne, G.R.2
  • 45
    • 84874761229 scopus 로고    scopus 로고
    • Risky Innovation: The Impact of Internal and External R &D Strategies Upon the Distribution of Returns
    • Mata, José, and Martin, Woerter. 2013. “Risky Innovation: The Impact of Internal and External R &D Strategies Upon the Distribution of Returns.” Research Policy 42 (2): 495–501.
    • (2013) Research Policy , vol.42 , Issue.2 , pp. 495-501
    • Mata, J.1    Woerter, M.2
  • 46
    • 0001820698 scopus 로고
    • What Depressed the Consumer? The Household Balance Sheet and the 1973–75 Recession
    • Mishkin, Frederic S., Robert J., Gordon, and Saul H., Hymans. 1977. “What Depressed the Consumer? The Household Balance Sheet and the 1973–75 Recession.” Brookings Papers on Economic Activity 1977 (1): 123–174.
    • (1977) Brookings Papers on Economic Activity , vol.1977 , Issue.1 , pp. 123-174
    • Mishkin, F.S.1    Gordon, R.J.2    Hymans, S.H.3
  • 47
    • 0000604269 scopus 로고
    • Biases in Dynamic Models with Fixed Effects
    • Nickell, Stephen. 1981. “Biases in Dynamic Models with Fixed Effects.” Econometrica 1417–1426.
    • (1981) Econometrica , pp. 1417-1426
    • Nickell, S.1
  • 48
    • 79957530461 scopus 로고    scopus 로고
    • On the Cyclicality of R &D
    • Ouyang, Min. 2011. “On the Cyclicality of R &D.” Review of Economics and Statistics 93 (2): 542–553.
    • (2011) Review of Economics and Statistics , vol.93 , Issue.2 , pp. 542-553
    • Ouyang, M.1
  • 49
    • 67349248075 scopus 로고    scopus 로고
    • Innovation Success of Non-R &D-performers: Substituting Technology by Management in SMEs
    • Rammer, Christian, Dirk, Czarnitzki, and Alfred, Spielkamp. 2009. “Innovation Success of Non-R &D-performers: Substituting Technology by Management in SMEs.” Small Business Economics 33 (1): 35–58.
    • (2009) Small Business Economics , vol.33 , Issue.1 , pp. 35-58
    • Rammer, C.1    Czarnitzki, D.2    Spielkamp, A.3
  • 51
    • 0000884863 scopus 로고
    • Market Structure and the Diffusion of New Technology
    • Reinganum, Jennifer F., 1981. “Market Structure and the Diffusion of New Technology.” The Bell Journal of Economics 12 (2): 618–624.
    • (1981) The Bell Journal of Economics , vol.12 , Issue.2 , pp. 618-624
    • Reinganum, J.F.1
  • 52
    • 0000497946 scopus 로고
    • Uncertain Innovation and the Persistence of Monopoly
    • Reinganum, Jennifer F., 1983. “Uncertain Innovation and the Persistence of Monopoly.” The American Economic Review 73 (4): 741–748.
    • (1983) The American Economic Review , vol.73 , Issue.4 , pp. 741-748
    • Reinganum, J.F.1
  • 53
    • 0001927815 scopus 로고
    • Innovation and Industry Evolution
    • Reinganum, Jennifer F., 1985. “Innovation and Industry Evolution.” The Quarterly Journal of Economics 100 (1): 81–99.
    • (1985) The Quarterly Journal of Economics , vol.100 , Issue.1 , pp. 81-99
    • Reinganum, J.F.1
  • 54
    • 85018651986 scopus 로고
    • Endogenous Technological Change
    • Romer, Paul M., 1990. “Endogenous Technological Change.” Journal of Political Economy 98 (5): 71–102.
    • (1990) Journal of Political Economy , vol.98 , Issue.5 , pp. 71-102
    • Romer, P.M.1
  • 55
    • 79955643181 scopus 로고    scopus 로고
    • Is Innovation Always Beneficial? A Meta-analysis of the Relationship Between Innovation and Performance in SMEs
    • Rosenbusch, Nina, Jan, Brinckmann, and Andreas, Bausch. 2011. “Is Innovation Always Beneficial? A Meta-analysis of the Relationship Between Innovation and Performance in SMEs.” Journal of Business Venturing 26 (4): 441–457.
    • (2011) Journal of Business Venturing , vol.26 , Issue.4 , pp. 441-457
    • Rosenbusch, N.1    Brinckmann, J.2    Bausch, A.3
  • 56
    • 61849097273 scopus 로고    scopus 로고
    • Beyond Formal R &D: Taking Advantage of Other Sources of Innovation in Low-and Medium-technology Industries
    • Santamaría, Lluís, María Jesús, Nieto, and Andrés, Barge-Gil. 2009. “Beyond Formal R &D: Taking Advantage of Other Sources of Innovation in Low-and Medium-technology Industries.” Research Policy 38 (3): 507–517.
    • (2009) Research Policy , vol.38 , Issue.3 , pp. 507-517
    • Santamaría, L.1    Nieto, M.J.2    Barge-Gil, A.3
  • 60
  • 61
    • 84934957846 scopus 로고
    • Implementation Cycles
    • Shleifer, Andrei. 1986. “Implementation Cycles.” Journal of Political Economy 94 (6): 1163–1190.
    • (1986) Journal of Political Economy , vol.94 , Issue.6 , pp. 1163-1190
    • Shleifer, A.1
  • 63
    • 0012291851 scopus 로고
    • Technical Report, Cambridge, MA: National Bureau of Economic Research
    • Stiglitz, Joseph E., 1993. Endogenous Growth and Cycles. Technical Report. Cambridge, MA: National Bureau of Economic Research.
    • (1993) Endogenous Growth and Cycles
    • Stiglitz, J.E.1
  • 65
    • 85011875185 scopus 로고    scopus 로고
    • Innovations and Productivity: The Shift During the 2008 Crisis
    • Teplykh, Grigorii V., 2018. “Innovations and Productivity: The Shift During the 2008 Crisis.” Industry and Innovation 25 (1): 53–83.
    • (2018) Industry and Innovation , vol.25 , Issue.1 , pp. 53-83
    • Teplykh, G.V.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.