In:
International Small Business Journal: Researching Entrepreneurship, SAGE Publications, Vol. 40, No. 6 ( 2022-09), p. 742-767
Abstract:
The purpose of this article is three-fold: first, it tests whether inter-industry R & D spillovers are positively associated with the likelihood of experiencing high growth episodes among R & D intensive firms in Europe, US and Japan; second, it tests whether such a relationship is conditional on their level of absorptive capacity (ACAP); third, it tests whether the acquisition of foreign patents, an additional channel to access external knowledge, trigger high growth episodes among a sub-set of R & D intensive firms. For the empirical analysis, we focus on R & D intensive manufacturing firms observed between 2002 and 2017, located in Europe, US and Japan. The empirical findings support the hypotheses suggesting that: a) inter-industry R & D spillovers are associated with the likelihood of experiencing high growth episodes; b) ACAP conditions the relationship between inter-industry R & D spillovers and the likelihood of experiencing high growth episodes and c) shares of foreign patents are positively associated with the likelihood of experiencing high growth episodes among high-tech R & D intensive firms. JEL codes: C41, L25, O33.
Type of Medium:
Online Resource
ISSN:
0266-2426
,
1741-2870
DOI:
10.1177/02662426211070943
Language:
English
Publisher:
SAGE Publications
Publication Date:
2022
detail.hit.zdb_id:
2058559-7
SSG:
3,2
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