Title :
Size, age and innovativeness: Key determinants of growth?
Author :
Czarnitzki, D. ; Delanote, J.
Author_Institution :
Dept. of Manage. Econ., Strategy & Innovation, K.U. Leuven, Leuven, Belgium
Abstract :
Young Innovative Companies (YIC) gained increasing attention from governments and scholars due to their expected high innovative performance and growth. Consequently, this study investigates whether Young Innovative Companies, as defined by the EU, grow more than other firms, both in terms of employment and in terms of sales. Using a database of Flemish firms over the years 2001-2008 reveals that these firms do grow significantly more than other firms. In addition, this study shows that YICs can be differentiated from New Technology Based Firms and small young firms in terms of growth, pointing to the importance of combining the individual properties characterizing YICs, that is being young (<;6 years), small (<;250 employees) and R&D intensive (R&D intensity >;15%).
Keywords :
employment; innovation management; organisational aspects; personnel; Flemish firms; R&D intensity; YIC; employees; employment; governments; growth key determinants; innovative growth; innovative performance; innovativeness; new technology based firms; scholars; small young firms; young innovative companies; Companies; Economics; Employment; Europe; Marketing and sales; Technological innovation; Young Innovative Companies; growth;
Conference_Titel :
Management of Innovation and Technology (ICMIT), 2012 IEEE International Conference on
Conference_Location :
Sanur Bali
Print_ISBN :
978-1-4673-0108-4
DOI :
10.1109/ICMIT.2012.6225899