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Determinants of Innovative Activity in Newly Founded Knowledge Intensive Business Service Firms

In: Entrepreneurship in the Region

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  • Andreas Koch
  • Harald Strotmann

Abstract

The ability to innovate is an essential precondition for competitiveness in the knowledge economy both at the level of a single firm as well as at regional levels. Particularly, in sectors with a high rate of technological progress and where knowledge plays a major role, firms can achieve advantages by developing innovative products and services. Previous research has shown that small firms make a large contribution to innovation in developed economies and that innovation is an important means of entry for new firms (Acs and Audretsch, 1990).

Suggested Citation

  • Andreas Koch & Harald Strotmann, 2006. "Determinants of Innovative Activity in Newly Founded Knowledge Intensive Business Service Firms," International Studies in Entrepreneurship, in: Michael Fritsch & Juergen Schmude (ed.), Entrepreneurship in the Region, chapter 10, pages 195-224, Springer.
    • Handle: RePEc:spr:inschp:978-0-387-28376-0_10
    DOI: 10.1007/0-387-28376-5_10
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    Cited by:

    1. Meyer, Jenny, 2007. "Older Workers and the Adoption of New Technologies," ZEW Discussion Papers 07-050, ZEW - Leibniz Centre for European Economic Research.
    2. Jenny Meyer, 2011. "Workforce age and technology adoption in small and medium-sized service firms," Small Business Economics, Springer, vol. 37(3), pages 305-324, October.
    3. Skuras, Dimitris & Tsegenidi, Kyriaki & Tsekouras, Kostas, 2008. "Product innovation and the decision to invest in fixed capital assets: Evidence from an SME survey in six European Union member states," Research Policy, Elsevier, vol. 37(10), pages 1778-1789, December.
    4. Jenny Meyer, 2010. "Does Social Software Support Service Innovation?," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 17(3), pages 289-311.
    5. Meyer, Jenny, 2008. "The Adoption of New Technologies and the Age Structure of the Workforce," ZEW Discussion Papers 08-045, ZEW - Leibniz Centre for European Economic Research.

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    More about this item

    Keywords

    Innovative Activity; Spatial Proximity; Radical Innovation; Multinomial Logit Model; External Linkage;
    All these keywords.

    JEL classification:

    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • L89 - Industrial Organization - - Industry Studies: Services - - - Other
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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