Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/27569
Authors: 
Spielkamp, Alfred
Czarnitzki, Dirk
Rammer, Christian
Year of Publication: 
2008
Series/Report no.: 
ZEW Discussion Papers 08-092
Abstract: 
This paper investigates the impact of in-house R&D and innovation management practices on innovation success in small and medium-sized firms (SMEs). While there is little doubt about the significance of technology competence for generating successful innovations, inhouse R&D activities may be a particular challenge for SMEs due to high risk exposure, high fixed costs, high minimum investment and severe financial constraints. SMEs may thus opt for refraining from R&D and relying more on innovation management tools in order to achieve innovation success. We analyse whether such a strategy can pay off. Based on data from the German CIS we find that R&D activities are a main driver for innovation success if combined with external R&D, using external innovation sources or by entering into cooperation agreements. SMEs without in-house R&D can yield a similar innovation success if they effectively apply human resource management tools or team work to facilitate innovation processes.
Subjects: 
Innovation Success
R&D
Innovation Management
SMEs
JEL: 
L25
O31
O32
O38
O47
Document Type: 
Working Paper

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