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The R&D funding scenario: Can capabilities foster product innovation of firms? El escenario de financiación de I + D: ¿pueden las capacidades fomentar la innovación de productos de las empresas?
[El escenario de financiación de I + D: ¿pueden las capacidades fomentar la innovación de productos de las empresas?]

Author

Listed:
  • Martha Torres-Barreto

    (UIS - Universidad Industrial de Santander [Bucaramanga])

  • Marianela Luzardo Briceño

    (UPB - Universidad Pontificia Bolivariana)

  • Mileidy Alvarez-Melgarejo

Abstract

Product innovation is a widespread scheme of organizational innovation recognized by OECD (2005), hence the concept of innovation itself has driven much attention of many agendas as the Strategic European Research one (European Commision, 2013). In this artecle we develop an analytical model of the technological impact of public funding for private R&D activities in terms of product innovations achieved, to study if its differential effects among firms depend to some extent on firm´s resources and capabilities. This analysis is based on firm level data from the manufactory industry under the ESSE (Spanish survey for Firms Strategy), for the period 2000-2012. We identify the technological activities of 3350 Spanish firms, characterize their resources and capabilities and identify the most relevant ones regarding its influence on product innovation. We detect that both: public R&D funds and private investment help in the new product generation; but also, that the innovation capabilities and inter-firm cooperation positively affect the technological outcome.

Suggested Citation

  • Martha Torres-Barreto & Marianela Luzardo Briceño & Mileidy Alvarez-Melgarejo, 2018. "The R&D funding scenario: Can capabilities foster product innovation of firms? El escenario de financiación de I + D: ¿pueden las capacidades fomentar la innovación de productos de las empresas? [E," Working Papers hal-01867121, HAL.
    • Handle: RePEc:hal:wpaper:hal-01867121
    Note: View the original document on HAL open archive server: https://hal.science/hal-01867121
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    References listed on IDEAS

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    Keywords

    Capabilities; innovation; public funding; resources.; Capacidades; innovación; financiamiento público; recursos.;
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