Explaining Innovation. An Empirical Analysis of Industry Data from Norway
The objective of the paper is to analyse why some firms innovate while others do not. The paper combines different theories of innovation by relating innovation to internal, firm specific assets and external, regional factors. Hypotheses are derived from theories and tested empirically by using logi...
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| Format: | Article |
| Language: | English |
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Cognitione Foundation for the Dissemination of Knowledge and Science
2016-01-01
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| Series: | Journal of Entrepreneurship, Management and Innovation |
| Subjects: | |
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http://jemi.edu.pl/uploadedFiles/file/all-issues/vol12/issue2/JEMI_Vol12_Issue2_2016_Article1.pdf
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| _version_ | 1841564771452715008 |
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| author | Torbjørn Lorentzen Stig-Erik Jakobsen |
| author_facet | Torbjørn Lorentzen Stig-Erik Jakobsen |
| author_sort | Torbjørn Lorentzen |
| collection | DOAJ |
| description | The objective of the paper is to analyse why some firms innovate while others do not. The paper combines different theories of innovation by relating innovation to internal, firm specific assets and external, regional factors. Hypotheses are derived from theories and tested empirically by using logistic regression. The empirical analysis indicates that internal funding of R&D and size of the firm are the most important firm specific attributes for successful innovation. External, regional factors are also important. The analysis shows that firms located in large urban regions have significantly higher innovation rates than firms located in the periphery, and firms involved in regional networking are more likely to innovate compared to firms not involved in networking. The analysis contributes to a theoretical and empirical understanding of factors that influence on innovation and the role innovation plays in the market economy. Innovation policy should be targeted at developing a tax system and building infrastructure which give firms incentives to invest and allocate internal resources to R&D-activities and collaborate with others in innovation. From an economic policy perspective, consideration should be given to allocating more public resources to rural areas in order to compensate for the asymmetric distribution of resources between the centre and periphery. The paper contributes to the scientific literature of innovation by combining the firm oriented perspective with weight on firm specific, internal resources and a system perspective which focuses on external resources and networking as the most important determinants of innovation in firms. |
| format | Article |
| id | doaj-art-41e22bc7b463472985a589f1ed867d50 |
| institution | Kabale University |
| issn | 2299-7326 |
| language | English |
| publishDate | 2016-01-01 |
| publisher | Cognitione Foundation for the Dissemination of Knowledge and Science |
| record_format | Article |
| series | Journal of Entrepreneurship, Management and Innovation |
| spelling | doaj-art-41e22bc7b463472985a589f1ed867d502025-01-02T22:34:16ZengCognitione Foundation for the Dissemination of Knowledge and ScienceJournal of Entrepreneurship, Management and Innovation2299-73262016-01-0112252710.7341/20161221Explaining Innovation. An Empirical Analysis of Industry Data from NorwayTorbjørn Lorentzen0Stig-Erik Jakobsen1 University of Bergen Bergen University College The objective of the paper is to analyse why some firms innovate while others do not. The paper combines different theories of innovation by relating innovation to internal, firm specific assets and external, regional factors. Hypotheses are derived from theories and tested empirically by using logistic regression. The empirical analysis indicates that internal funding of R&D and size of the firm are the most important firm specific attributes for successful innovation. External, regional factors are also important. The analysis shows that firms located in large urban regions have significantly higher innovation rates than firms located in the periphery, and firms involved in regional networking are more likely to innovate compared to firms not involved in networking. The analysis contributes to a theoretical and empirical understanding of factors that influence on innovation and the role innovation plays in the market economy. Innovation policy should be targeted at developing a tax system and building infrastructure which give firms incentives to invest and allocate internal resources to R&D-activities and collaborate with others in innovation. From an economic policy perspective, consideration should be given to allocating more public resources to rural areas in order to compensate for the asymmetric distribution of resources between the centre and periphery. The paper contributes to the scientific literature of innovation by combining the firm oriented perspective with weight on firm specific, internal resources and a system perspective which focuses on external resources and networking as the most important determinants of innovation in firms. http://jemi.edu.pl/uploadedFiles/file/all-issues/vol12/issue2/JEMI_Vol12_Issue2_2016_Article1.pdf innovationregionlocationcentre and peripheryfirm specific and external resourcesnetworkingNorwegian industrylogistic regression |
| spellingShingle | Torbjørn Lorentzen Stig-Erik Jakobsen Explaining Innovation. An Empirical Analysis of Industry Data from Norway Journal of Entrepreneurship, Management and Innovation innovation region location centre and periphery firm specific and external resources networking Norwegian industry logistic regression |
| title | Explaining Innovation. An Empirical Analysis of Industry Data from Norway |
| title_full | Explaining Innovation. An Empirical Analysis of Industry Data from Norway |
| title_fullStr | Explaining Innovation. An Empirical Analysis of Industry Data from Norway |
| title_full_unstemmed | Explaining Innovation. An Empirical Analysis of Industry Data from Norway |
| title_short | Explaining Innovation. An Empirical Analysis of Industry Data from Norway |
| title_sort | explaining innovation an empirical analysis of industry data from norway |
| topic | innovation region location centre and periphery firm specific and external resources networking Norwegian industry logistic regression |
| url |
http://jemi.edu.pl/uploadedFiles/file/all-issues/vol12/issue2/JEMI_Vol12_Issue2_2016_Article1.pdf
|
| work_keys_str_mv | AT torbjørnlorentzen explaininginnovationanempiricalanalysisofindustrydatafromnorway AT stigerikjakobsen explaininginnovationanempiricalanalysisofindustrydatafromnorway |