%0 Report
        %A Pellegrino, Gabriele
%A Piva, Mariacristina
%A Vivarelli, Marco
        %T How Do Young Innovative Companies Innovate?
        %D 2009
        %8 2009 Jul
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 4301
        %U https://www.iza.org/index.php/publications/dp4301
        %X This paper discusses the determinants of product innovation in young innovative companies (YICs) by looking at in-house and external R&D and at the acquisition of external technology in embodied and disembodied components. These input-output relationships are tested on a sample of innovative Italian firms. A sample-selection approach is applied. Results show that in-house R&D is linked to the propensity to introduce product innovation both in mature firms and YICs; however, innovation intensity in the YICs is mainly dependent on embodied technical change from external sources, while − in contrast with the incumbent firms − in-house R&D does not play a significant role.
        %K R&D
%K product innovation
%K embodied technical change
%K CIS 3
%K sample selection