Article ID Journal Published Year Pages File Type
10483205 Research Policy 2013 12 Pages PDF
Abstract
► The 2008 economic crisis has severely reduced the short-term willingness of firms to invest in innovation. ► Before the crisis incumbent firms were more likely to expand their innovation investment. ► The crisis has changed the picture with a few, small firms and new entrants “swimming against the stream” as they expand their innovative activities. ► Overall, our findings suggest that during the depression firms' innovation behaviour is closer. ► To creative destruction, while before the depression there is an overall landscape of creative accumulation.
Related Topics
Social Sciences and Humanities Business, Management and Accounting Business and International Management
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