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| Author: | Stam, E. Wennberg, K. |
| Title: | The roles of R&D in new firm growth |
| Journal: | Small business economics
2009 : JUN, VOL. 33:1, p. 77-89 |
| Index terms: | Netherlands new enterprise growth innovation R&D new products product development high technology |
| Freeterms: | alliances |
| Language: | eng |
| Abstract: | An important driver for economic growth are innovative start-ups. Herein, empirical evidence is presented on the effects of research and development (R&D) on new product development (NPD), interfirm alliances and employment growth during the early life course (herein as: e-l-c.) of firms. based on a dataset containing a sample of new firms as a representative of start-up population. This dataset covers the first 6 years of the e-l-c. of firms. Among others, it is found out that R&D plays many roles during the e-l-c. of high-tech and high-growth firms. The results show R&D mattering for a limited but an important set of new high-tech and high-growth firms, which are the key in innovation and entrepreneurship policies. |
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