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Endogeneity and dynamics of innovation and firm performance

机译:创新和公司绩效的内生性和动态

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Technological and innovation capabilities play an important role in determining the performance of firms, especially in knowledge intensive industries. Despite the plethora of studies testing the relationship between innovation capabilities and firm performance, little consensus has been achieved on the veracity of the theoretical claims. In this paper, we argue that the lack of consensus could be on account of the failure to take into account the endogeneity that arises from the decision process that underlies the relationship between development of technological capabilities and its impact on firm performance. We address both these issues and demonstrate that alternative empirical designs can help provide greater external validity.
机译:技术和创新能力在决定公司的业绩方面,尤其是在知识密集型行业中,起着重要的作用。尽管有大量研究测试了创新能力和公司绩效之间的关系,但在理论要求的准确性方面尚未达成共识。在本文中,我们认为缺乏共识可能是由于未能考虑决策过程引起的内生性,而决策过程是技术能力发展与其对公司绩效影响之间关系的基础。我们解决了这两个问题,并证明了替代性的经验设计可以帮助提供更大的外部有效性。

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