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dc.contributor.authorCzarnitzki, Dirken_US
dc.contributor.authorDelanote, Julieen_US
dc.date.accessioned2012-05-04en_US
dc.date.accessioned2012-05-10T08:40:15Z-
dc.date.available2012-05-10T08:40:15Z-
dc.date.issued2012en_US
dc.identifier.piurn:nbn:de:bsz:180-madoc-323041-
dc.identifier.urihttp://hdl.handle.net/10419/57834-
dc.description.abstractYoung Innovative Companies (YIC) gained increasing attention from governments and scholars due to their expected high innovative performance and growth. Consequently, this study investigates whether Young Innovative Companies, as defined by the EU, grow more than other firms, both in terms of employment and in terms of sales. Using a database of Flemish firms over the years 2001-2008 reveals that these firms do grow significantly more than other firms. In addition, this study shows that YICs can be differentiated from New Technology Based Firms and small young firms in terms of growth, pointing to the importance of combining the individual properties characterizing YICs, that is being young (<6 years), small (<250 employees) and R&D intensive (R&D intensity > 15%). In our estimations, we also take the underlying distribution of the growth variables into account by performing quantile regressions. The results of these quantile regressions reveal that YICs especially grow faster than the other, already fast-growing firms, indicating that they are high performers. In addition, we never find that these companies perform significantly worse than the other firms.en_US
dc.language.isoengen_US
dc.publisherZentrum für Europäische Wirtschaftsforschung (ZEW) Mannheimen_US
dc.relation.ispartofseriesZEW Discussion Papers 12-030en_US
dc.subject.jelM13en_US
dc.subject.jelL25en_US
dc.subject.jelO33en_US
dc.subject.ddc330en_US
dc.subject.keywordYoung Innovative Companiesen_US
dc.subject.keywordGrowthen_US
dc.subject.stwUnternehmensgründungen_US
dc.subject.stwInnovationen_US
dc.subject.stwUnternehmenswachstumen_US
dc.subject.stwSchätzungen_US
dc.subject.stwFlämisch-Brabanten_US
dc.titleYoung innovative companies: The new high-growth firms?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn715177176en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:zewdip:12030-
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ZEW Discussion Papers

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