Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
10483205 | Research Policy | 2013 | 12 Pages |
Abstract
⺠The 2008 economic crisis has severely reduced the short-term willingness of firms to invest in innovation. ⺠Before the crisis incumbent firms were more likely to expand their innovation investment. ⺠The crisis has changed the picture with a few, small firms and new entrants “swimming against the stream” as they expand their innovative activities. ⺠Overall, our findings suggest that during the depression firms' innovation behaviour is closer. ⺠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
Authors
Daniele Archibugi, Andrea Filippetti, Marion Frenz,