TY  - RPRT
        AU  - Pellegrino, Gabriele
AU  - Piva, Mariacristina
AU  - Vivarelli, Marco
        TI  - How Do Young Innovative Companies Innovate?
        PY  - 2009/Jul/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 4301
        UR  - https://www.iza.org/index.php/publications/dp4301
        AB  - 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.
        KW  - R&D
KW  - product innovation
KW  - embodied technical change
KW  - CIS 3
KW  - sample selection
        ER  -