Product innovation: testing the relative influence of industry,institutional context and firm factors |
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| Authors: | Mariano Nieto |
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| Institution: | Department of Business Administration, University of León, León, Spain |
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| Abstract: | This article analyses the influence of industry characteristics (concentration and technological opportunity), the institutional framework (social capital and spillovers from the public sector) and some firm factors (external and internal R&D) on product innovation in a unique integrated framework. Based on a sample of Spanish industrial firms, these variables were found to be positively related to firms’ product innovation. Also, results show that in institutional environments with significant levels of social capital and spillovers, firms change their innovation strategy focusing on external R&D. |
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| Keywords: | product innovation external and internal R& D technological opportunity concentration social capital spillovers |
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