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Firm survival and innovation: direct and indirect effects of knowledge for SMEs.

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Název: Firm survival and innovation: direct and indirect effects of knowledge for SMEs.
Autoři: Destefanis, Sergio, Maietta, Ornella Wanda, Mazzotta, Fernanda, Parisi, Lavinia
Zdroj: Economics of Innovation & New Technology; Oct2024, Vol. 33 Issue 7, p926-954, 29p
Témata: BUSINESSPEOPLE, SMALL business, HUMAN capital, INNOVATIONS in business, EMPLOYEE training, TECHNOLOGICAL innovations
Abstrakt: This paper explores the effects of innovation on firm survival by using data from a representative survey of small and medium manufacturing firms in the province of Salerno, Italy. We innovate upon the literature by (a) comparing the impact of different sources of internal and external knowledge (including universities) on the probability of firm survival; (b) assessing the mediating impact of the human capital of workers and entrepreneurs on learning from these knowledge sources. Finally, we measure the impact of different types of innovation on firm survival. Our evidence upholds the link between innovation and firm survival, particularly for product and organisational innovation. Results regarding the impact of different sources of knowledge highlight the roles of employee training, the human capital of entrepreneurs and workers and the productivity of university departments providing relevant knowledge. Other elements of external knowledge, such as proximity to the University of Salerno or being in the city of Salerno, are significant facilitators of survival only if mediated through high levels of the human capital of entrepreneurs and workers. [ABSTRACT FROM AUTHOR]
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Abstrakt:This paper explores the effects of innovation on firm survival by using data from a representative survey of small and medium manufacturing firms in the province of Salerno, Italy. We innovate upon the literature by (a) comparing the impact of different sources of internal and external knowledge (including universities) on the probability of firm survival; (b) assessing the mediating impact of the human capital of workers and entrepreneurs on learning from these knowledge sources. Finally, we measure the impact of different types of innovation on firm survival. Our evidence upholds the link between innovation and firm survival, particularly for product and organisational innovation. Results regarding the impact of different sources of knowledge highlight the roles of employee training, the human capital of entrepreneurs and workers and the productivity of university departments providing relevant knowledge. Other elements of external knowledge, such as proximity to the University of Salerno or being in the city of Salerno, are significant facilitators of survival only if mediated through high levels of the human capital of entrepreneurs and workers. [ABSTRACT FROM AUTHOR]
ISSN:10438599
DOI:10.1080/10438599.2023.2263371