Coad, Alex and Rao, Rekha (2008) Innovation and firm growth in high-tech sectors: a quantile regression approach. Research Policy, 37 (4). pp. 633-648. ISSN 0048-7333

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Abstract

We relate innovation to sales growth for incumbent firms in high-tech sectors. A firm, on average, experiences only modest growth and may grow for a number of reasons that may or may not be related to innovative activity. However, given that the returns to innovation are highly skewed and that growth rates distributions are heavy-tailed, it may be misleading to use regression techniques that focus on the ‘average effect for the average firm’. Using a quantile regression approach, we observe that innovation is of crucial importance for a handful of ‘superstar’ fast-growth firms.

Item Type:	Article
Schools and Departments:	University of Sussex Business School > SPRU - Science Policy Research Unit
Subjects:	T Technology > T Technology (General) > T0175 Industrial research. Research and development
Depositing User:	Alex Coad
Date Deposited:	03 Jul 2012 11:30
Last Modified:	03 Jul 2012 11:30
URI:	http://sro.sussex.ac.uk/id/eprint/39786

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