Does firm innovation lead to high growth? Evidence from Ecuadorian firms

Diego F. Grijalva; Valeria Ayala; Paúl A. Ponce; Yelitza Pontón

doi:10.15446/cuad.econ.v37n75.68621

Does firm innovation lead to high growth? Evidence from Ecuadorian firms

Diego F. Grijalva^*
, Valeria Ayala
, Paúl A. Ponce
, Yelitza Pontón

^*Corresponding author for this work

Universidad San Francisco de Quito

Research output: Contribution to journal › Article › peer-review

5 Scopus citations

Abstract

We analyze the determinants of: i) employment and sales growth, and ii) the likelihood of becoming a high-growth firm (HGF) among Ecuadorian firms for the period 2011-2014. We apply a two-stage econometric model that controls for selection bias in the choice to innovate in regards to the two rounds of the Ecuadorian National Innovation Activities Survey. We find that younger firms and firms that spend more on R & D activities per employee have significantly higher levels of employment growth and are significantly more like to become employment HGFs.

Translated title of the contribution	¿La innovación empresarial conduce al alto crecimiento? Evidencia de empresas ecuatorianas
Original language	English
Pages (from-to)	697-726
Number of pages	30
Journal	Cuadernos de Economia (Colombia)
Volume	37
Issue number	75
DOIs	https://doi.org/10.15446/cuad.econ.v37n75.68621
State	Published - 2018

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth

Keywords

Creación de empleo
Crecimiento empresarial
Criação de empregos
Croissance de l'entreprise
Crétaion d'emploi
Empresas de alto crecimiento
Empresas de alto crescimento
Entrepreneurship
Entreprises à forte croissance
Esprit d'entreprise
Espírito empreendedor
Espíritu emprendedor
Firm growth
High-growth firms
Innovación
Innovation
Inovação
Job creation
crescimento empresarial

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10.15446/cuad.econ.v37n75.68621

Cite this

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title = "Does firm innovation lead to high growth? Evidence from Ecuadorian firms",

abstract = "We analyze the determinants of: i) employment and sales growth, and ii) the likelihood of becoming a high-growth firm (HGF) among Ecuadorian firms for the period 2011-2014. We apply a two-stage econometric model that controls for selection bias in the choice to innovate in regards to the two rounds of the Ecuadorian National Innovation Activities Survey. We find that younger firms and firms that spend more on R \& D activities per employee have significantly higher levels of employment growth and are significantly more like to become employment HGFs.",

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author = "Grijalva, \{Diego F.\} and Valeria Ayala and Ponce, \{Pa{\'u}l A.\} and Yelitza Pont{\'o}n",

note = "Publisher Copyright: {\textcopyright} 2018 Universidad Nacional de Colombia.",

year = "2018",

doi = "10.15446/cuad.econ.v37n75.68621",

language = "Ingl{\'e}s",

volume = "37",

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publisher = "Universidad Nacional de Colombia",

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T1 - Does firm innovation lead to high growth? Evidence from Ecuadorian firms

AU - Grijalva, Diego F.

AU - Ayala, Valeria

AU - Ponce, Paúl A.

AU - Pontón, Yelitza

PY - 2018

Y1 - 2018

N2 - We analyze the determinants of: i) employment and sales growth, and ii) the likelihood of becoming a high-growth firm (HGF) among Ecuadorian firms for the period 2011-2014. We apply a two-stage econometric model that controls for selection bias in the choice to innovate in regards to the two rounds of the Ecuadorian National Innovation Activities Survey. We find that younger firms and firms that spend more on R & D activities per employee have significantly higher levels of employment growth and are significantly more like to become employment HGFs.

AB - We analyze the determinants of: i) employment and sales growth, and ii) the likelihood of becoming a high-growth firm (HGF) among Ecuadorian firms for the period 2011-2014. We apply a two-stage econometric model that controls for selection bias in the choice to innovate in regards to the two rounds of the Ecuadorian National Innovation Activities Survey. We find that younger firms and firms that spend more on R & D activities per employee have significantly higher levels of employment growth and are significantly more like to become employment HGFs.

KW - Creación de empleo

KW - Crecimiento empresarial

KW - Criação de empregos

KW - Croissance de l'entreprise

KW - Crétaion d'emploi

KW - Empresas de alto crecimiento

KW - Empresas de alto crescimento

KW - Entrepreneurship

KW - Entreprises à forte croissance

KW - Esprit d'entreprise

KW - Espírito empreendedor

KW - Espíritu emprendedor

KW - Firm growth

KW - High-growth firms

KW - Innovación

KW - Innovation

KW - Inovação

KW - Job creation

KW - crescimento empresarial

UR - https://www.scopus.com/pages/publications/85061912352

U2 - 10.15446/cuad.econ.v37n75.68621

DO - 10.15446/cuad.econ.v37n75.68621

M3 - Artículo

AN - SCOPUS:85061912352

SN - 0121-4772

VL - 37

SP - 697

EP - 726

JO - Cuadernos de Economia (Colombia)

JF - Cuadernos de Economia (Colombia)

IS - 75

ER -

Does firm innovation lead to high growth? Evidence from Ecuadorian firms

Abstract

UN SDGs

Keywords

Access to Document

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