Economic crisis and innovation: Is destruction prevailing over accumulation?

被引:260
作者
Archibugi, Daniele [1 ,2 ]
Filippetti, Andrea [3 ]
Frenz, Marion [2 ]
机构
[1] Italian Natl Res Council, IRPPS, I-00185 Rome, Italy
[2] Univ London, Dept Management, London WC1E 7HX, England
[3] Italian Natl Res Council, ISSiRFA, I-00185 Rome, Italy
关键词
Economic crisis; Innovation investment; Community innovation survey; SCHUMPETERIAN PATTERNS; TECHNOLOGICAL REGIMES; FIRMS; PERSISTENCE; CAPABILITIES; EXPLOITATION; ORGANIZATION; EXPLORATION;
D O I
10.1016/j.respol.2012.07.002
中图分类号
C93 [管理学];
学科分类号
12 ; 1201 ; 1202 ; 120202 ;
摘要
The 2008 economic crisis has severely reduced the short-term willingness of firms to invest in innovation. But this reduction has not occurred uniformly and a few firms even increased their investment in spite of the adverse macroeconomic environment. This paper, based on the latest three waves of the UK Community Innovation Survey, compares drivers of innovation investment before and during the crisis. We find that the crisis led to a concentration of innovative activities within a small group of fast growing new firms and those firms already highly innovative before the crisis. The companies in pursuit of more explorative strategies towards new product and market developments are those to cope better with the crisis. (C) 2012 Elsevier B.V. All rights reserved.
引用
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页码:303 / 314
页数:12
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