The DOI matches its Crossref record; 64 of the 64 references it cites were found in a registry or an index.
The roles of R&D in new firm growth
Open accessAbstract
Innovative start-ups are an important driver of economic growth. This article presents empirical evidence on the effects of research and development (R&D) on new product development, interfirm alliances and employment growth during the early life course of firms. We use a dataset that contains a sample of new firms that is representative of the whole population of start-ups. This dataset covers the first 6 years of the life course of firms. It is revealed that R&D plays several roles during the early life course of high-tech as well as high-growth firms. The effect of initial R&D on high-tech firm growth is through increasing levels of interfirm alliances in the first post-entry years. R&D efforts enable the exploitation of external knowledge. Initial R&D also stimulates new product development later on in the life course of high-tech firms, but this does not seem to affect firm growth. R&D does not affect the growth rate of new low-tech firms, which seem to be driven mainly by the growth ambitions of the founding entrepreneur. The results show that R&D matters for a limited but important set of new high-tech and high-growth firms, which are key in innovation and entrepreneurship policies.
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Cites
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Cited by
National systems of entrepreneurship: measurement issues and policy implications
Ács, Z. J., Autio, E., & Szerb, L. (2014) · Research Policy · doi:10.1016/j.respol.2013.08.016 · Cited by 1,301
Zhou, K. Z., Gao, G. Y., & Zhao, H. (2017) · Administrative Science Quarterly · doi:10.1177/0001839216674457 · Cited by 1,205
Creating good public policy to support high-growth firms
Mason, C., & Brown, R. (2013) · Small Business Economics · doi:10.1007/s11187-011-9369-9 · Cited by 565
Like milk or wine: Does firm performance improve with age?
Coad, A., Segarra, A., & Teruel, M. (2013) · Structural Change and Economic Dynamics · doi:10.1016/j.strueco.2012.07.002 · Cited by 420
Wennberg, K., Wiklund, J., & Wright, M. (2011) · Research Policy · doi:10.1016/j.respol.2011.05.014 · Cited by 323
Self-citation
Metadata
- Authors
- Stam, E., & Wennberg, K.
- Venue
- Small Business Economics
- Published
- 2009-04-01
- Volume
- 33
- Issue
- 1
- Pages
- 77-89
- ISSN
- 0921-898X (ISSN-L)
- 1573-0913
- OpenAlex
- W3125730319
- Cited by
- 451
- References
- 64
- FWCI
- 47.34
- Type
- journal article
- Language
- en
- Open access
- hybrid
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
