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https://hdl.handle.net/10419/335361 Authors:
Year of Publication:
2022
Citation:
[Journal:] Entrepreneurial Business and Economics Review (EBER) [ISSN:] 2353-8821 [Volume:] 10 [Issue:] 3 [Year:] 2022 [Pages:] 105-121
Publisher:
Krakow University of Economics, Centre for Strategic and International Entrepreneurship, Krakow
Abstract:
Objective: This study aims to assess whether research and development (R&D) personnel from firms, the research system, and governmental institutions contribute to innovation activities of firms from the Visegrad Group countries. Research Design & Methods: Fixed effects panel regression with robust standard errors was used for hypothesis testing over the period 2009-2017. The data for the study was extracted from Eurostat, the European Innovation Scoreboard and the Organisation for Economic Cooperation and Development with a particular focus on R&D personnel from firms, the research system, and governmental institutions. The empirical analysis was focused on small and medium-sized enterprises (SMEs). Findings: The results provide evidence about significant linkage between R&D personnel from governmental institutions and innovation activities of firms from the Visegrad Group countries. The research also highlights the lack of a significant effect of R&D personnel from firms and the research system on firms' innovation activities in the analysed former Soviet satellite economies distinguished by innovation performance below the average for the European Union. Implications & Recommendations: Policy and practical implications that should be indicated include the necessity to further develop knowledge cooperation between governmental institutions and firms in order to reinforce innovation processes. There is also a need to enhance cooperation between the research system and firms to support SMEs from the Visegrad Group countries with highly-skilled human resources. Contribution & Value Added: This article adds to the literature on drivers and sources of firms' innovation activities by providing new empirical evidence on the effect of R&D personnel on innovation activities of firms from the Visegrad Group countries, which are former Soviet satellite economies with a moderate level of innovativeness and belong to peripheral countries in the European Union.
Subjects:
R&D personnel
innovation activities of firms
the Visegrad Group countries
innovation activities of firms
the Visegrad Group countries
JEL:
O30
O52
R00
O52
R00
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Document Type:
Article
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