Managerial Efficiency and the Schumpeterian Link Between Size, Market-structure and Innovation Revisited
(1994) Research Policy — Vol. 23, n° 6, p. 653-659 (1994)
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- Abstract
- This research uses a unique survey on innovation conducted in Belgian high-tech industries to investigate (a) the effects of managerial efficiency on the firm's innovative activity; and (b) the effects of controlling explicitly for managerial efficiency on the Schumpeterian-like relationship that firm size and market concentration are both conducive to innovation. The key findings are: managerial efficiency is an important determinant of the firm's innovation performance; only when one controls for managerial variables considered as success factors for innovation, the Schumpeterian effect of the impact of the firm's market share emerges for a wide range of measures of performance, which confirms Rothwell's suggestion [18] that small firms have a advantage in the management of their innovation.
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Bughin, J., & Jacques, JM. (1994). Managerial Efficiency and the Schumpeterian Link Between Size, Market-structure and Innovation Revisited. Research Policy, 23(6), 653-659. https://doi.org/10.1016/0048-7333(94)90015-9 (Original work published 1994)