Knowledge,innovation and firm performance in high- and low-technology regimes |
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| Institution: | 1. Department of Business, Public University of Navarra, Edificio Madroños, Campus Arrosadia, 31006 Pamplona, Spain;2. Kent Business School, University of Kent, Canterbury, Kent CT2 7PE, United Kingdom;1. Department of Economics, Norwegian School of Economics, Norway;2. Research Department, Statistics Norway, Norway;3. Division of Statistical Methods, Statistics Norway, Norway |
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| Abstract: | Industries with greater aggregate levels of research and development (R&D) intensity are home to higher rates of firm-level innovation, according to survey data from 845 Canadian manufacturing firms. And, though innovation is more common when industry dynamism is high, innovative firms are likely to enjoy revenue growth, irrespective of the industry in which they operate. The research also shows that firm knowledge, industry dynamism and innovation interact in the way they influence firm performance. A highly skilled workforce is most beneficial to firm performance in dynamic environments, while firms in stable manufacturing industries benefit more from investments in training. |
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