Linking technological, market and financial measures of innovation

Tidd, Joe, Driver, Ciaran and Saunders, Peter (1996) Linking technological, market and financial measures of innovation. Economics of Innovation and New Technology, 4 (3). pp. 155-172. ISSN 1043-8599

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Abstract

This paper describes the results of a feasibility study to develop a national Innovation Scoreboard to measure and track the innovative performance of companies in the UK. It begins with a review of potential technological, market and financial indicators of innovation, and using data in the public domain, develops a trial Innovation Scoreboard based on 40 firms from five different sectors. The preliminary findings suggest that product announcements made in the specialist press may be a viable indicator of innovation at the level of the firm. Specifically, the evidence suggests that product announcements represent a useful measure of innovative output, which combined with expenditure on research and development provide a measure of research efficiency. This measure of research efficiency is shown to be associated with higher market to book values.

Item Type: Article
Schools and Departments: School of Business, Management and Economics > SPRU - Science Policy Research Unit
Depositing User: Joseph Tidd
Date Deposited: 06 Feb 2012 18:50
Last Modified: 14 Jun 2012 10:16
URI: http://sro.sussex.ac.uk/id/eprint/18562
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