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Title:Industry diversity and its impact on the innovation performance of firms: An empirical analysis based on firm-level panel data PDF Logo
Authors:Wörter, Martin
Issue Date:2007
Series/Report no.:KOF working papers // Konjunkturforschungsstelle, Eidgenössische Technische Hochschule Zürich 165
Abstract:This paper investigates empirically the impact of diversity on the innovation performance of a firm. We created a measure for diversity that mirrors differences in the resource base of firms within an industry and tested its impact on innovation in addition to more traditional factors like technology-push, demand-pull, and firm-size, based on panel data stemming from three representative cross sectional surveys carried out in the years 1996, 1999, and 2002 respectively. In fact, diversity has a significant positive impact on the innovation intensity of firms and thus supports more theoretical findings in this area. We also find empirical evidence for the technology push and the demand pull hypotheses as well as the importance of competition for innovation.
Subjects:Diversity
Innovation Performance
Evolution of Industries
Jacobs Externalities
Panel data
JEL:O30
Persistent Identifier of the first edition:doi:10.3929/ethz-a-005390201
Document Type:Working Paper
Appears in Collections:KOF Working Papers, KOF Konjunkturforschungsstelle, ETH Zürich

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