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Innovative Events: Product launches, innovation and firm performance

Nathan, M; Rosso, A; (2022) Innovative Events: Product launches, innovation and firm performance. Research Policy , 51 (1) , Article 104373. 10.1016/j.respol.2021.104373.

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Abstract

In this paper, we shed new light on the links between firm-level innovation and growth. We introduce data that capture a difficult-to-observe aspect of firms' innovative activity – new product/service launches – at scale. We show that our novel measures complement existing innovation metrics. We build a simple framework covering firm-level innovation, launches and revenue productivity. Then, we show positive linkages between past patenting and launches and between launches and performance for a large panel of small and medium-sized enterprises (SMEs) in the UK. We go on to explore the roles of age, size, industry and product/service quality in these relationships. A subset of SMEs with high-quality launches explains our results.

Type: Article
Title: Innovative Events: Product launches, innovation and firm performance
DOI: 10.1016/j.respol.2021.104373
Publisher version: https://doi.org/10.1016/j.respol.2021.104373
Language: English
Additional information: This version is the author accepted manuscript. For information on re-use, please refer to the publisher's terms and conditions.
Keywords: innovation, productivity, ICT, data science
UCL classification: UCL
UCL > Provost and Vice Provost Offices > UCL BEAMS
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > Centre for Advanced Spatial Analysis
URI: https://discovery.ucl.ac.uk/id/eprint/10134513
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