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Eager and able: a study of innovation activity among young, mature and old firms in Norway

Author

Listed:
  • PÃ¥l Børing

    (Nordic Institute for Studies in Innovation, Research and Education (NIFU))

  • Arne Martin Fevolden

    (Centre for Technology, Innovation and Culture (TIK), University of Oslo)

  • Sverre Herstad

    (Lillehammer University College, Faculty of Economics and Organizational Sciences)

Abstract

This article investigates how age is related to innovation activity and innovation outcomes among firms in the Norwegian manufacturing and knowledge-intensive business services (KIBS) sectors. It aims to shed new light on two questions: (i) are young firms or old firms the most prolific innovators and (ii) are young firms more eager to innovate, while old firms are more able to innovate. It makes use of Community Innovation Survey (CIS) data and explores the two questions using probit model regression techniques. The article concludes that firms are at their most prolific state when they are neither young nor old – but mature. At this stage in their life cycle, firms are both eager and able to introduce innovations.

Suggested Citation

  • PÃ¥l Børing & Arne Martin Fevolden & Sverre Herstad, 2016. "Eager and able: a study of innovation activity among young, mature and old firms in Norway," Economics Bulletin, AccessEcon, vol. 36(1), pages 291-297.
    • Handle: RePEc:ebl:ecbull:eb-16-00191
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    File URL: http://www.accessecon.com/Pubs/EB/2016/Volume36/EB-16-V36-I1-P29.pdf
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    Cited by:

    1. Pål Børing, 2019. "The relationship between firm productivity, firm size and CSR objectives for innovations," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 9(3), pages 269-297, September.

    More about this item

    Keywords

    firm age; innovation; product and process; manufacturing; KIBS;
    All these keywords.

    JEL classification:

    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • L6 - Industrial Organization - - Industry Studies: Manufacturing

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