Risk attitude, product innovation, and firm growth. Evidence from Italian manufacturing firms

被引：37
|
作者：
Cucculelli, Marco [1 ]
Ermini, Barbara [1 ]
机构：
[1] Marche P Univ, Dept Econ & Social Sci, Fac Econ Giorgio Fua, I-60100 Ancona, Italy
来源：
ECONOMICS LETTERS | 2013年 / 118卷 / 02期
关键词：
Risk attitude; Entrepreneurship; Product innovation; Firm growth;
D O I：
10.1016/j.econlet.2012.11.006
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We study the impact of individual risk attitude on the relationship between product innovation and firm performance, in a model of firm growth with endogenous product selection. We exploit a unique dataset collecting firm-level data on new product introductions and individual attitudes towards risk elicited from a lottery. Empirical evidence shows that the introduction of a new product affects firm growth significantly only in the sample of risk-loving individuals, thus supporting the hypothesis of a negative correlation between the firm growth and the risk aversion of the decision maker. (C) 2012 Elsevier B.V. All rights reserved.
引用
收藏
页码：275 / 279
页数：5
相关论文
共 50 条
  • [21] Does firm innovation improve aggregate industry productivity? Evidence from Chinese manufacturing firms
    Dai, Xiaoyong
    Sun, Zao
    STRUCTURAL CHANGE AND ECONOMIC DYNAMICS, 2021, 56 : 1 - 9
  • [22] Technology embeddedness, innovation differentiation strategies and firm performance: Evidence from Chinese manufacturing firms
    Liu, Xuefeng
    Wu, Xiaobo
    INNOVATION-ORGANIZATION & MANAGEMENT, 2011, 13 (01): : 20 - 35
  • [23] Does Firms' Innovation Promote Export Growth Sustainably?-Evidence from Chinese Manufacturing Firms
    Hao, Liangfeng
    Qiu, Bin
    Cervantes, Lisette
    SUSTAINABILITY, 2016, 8 (11)
  • [24] The role of technology standards in product innovation: Theory and evidence from UK manufacturing firms
    Foucart, Renaud
    Li, Qian Cher
    RESEARCH POLICY, 2021, 50 (02)
  • [25] Quality of Government and Types of Innovation—Empirical Evidence for Italian Manufacturing Firms
    Cristian Barra
    Nazzareno Ruggiero
    Journal of the Knowledge Economy, 2023, 14 : 1749 - 1789
  • [26] Product Innovation, Product Diversification, and Firm Growth: Evidence from Japan's Early Industrialization
    Braguinsky, Serguey
    Ohyama, Atsushi
    Okazaki, Tetsuji
    Syverson, Chad
    AMERICAN ECONOMIC REVIEW, 2021, 111 (12): : 3795 - 3826
  • [27] The impact of green technology innovation and firm default risk: benefit effect or risk effect?—evidence from the panel data on Chinese manufacturing firms
    Liu T.
    Zhang X.
    Aziz N.
    Environmental Science and Pollution Research, 2024, 31 (34) : 46722 - 46738
  • [28] Innovation Propensity and Firm Size: Evidence from Manufacturing
    Akhmadi, Saltanat
    Tsakalerou, Mariza
    FAIM 2021, 2021, 55 : 543 - 549
  • [29] Robots and firm innovation: Evidence from Chinese manufacturing
    Wang, Lei
    Zhou, Yahong
    Chiao, Benjamin
    JOURNAL OF BUSINESS RESEARCH, 2023, 162
  • [30] Firm interconnectedness and resilience: evidence from the Italian manufacturing
    Shaheen, Ibrahim
    Brakman, Steven
    Canello, Jacopo
    Garretsen, Harry
    CAMBRIDGE JOURNAL OF REGIONS ECONOMY AND SOCIETY, 2024,
12345