Imperial College London

ProfessorPaolaCriscuolo

Business School

Professor of Innovation Management
 
 
 
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Contact

 

+44 (0)20 7594 1582p.criscuolo Website

 
 
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Location

 

275Business School BuildingSouth Kensington Campus

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Summary

 

Publications

Citation

BibTex format

@article{Criscuolo:2012,
author = {Criscuolo, P and Nicolaou, N and Salter, A},
journal = {Research Policy},
pages = {319--333},
title = {The elixir (or burden) of youth? Exploring differences in innovation between start-ups and established firms},
url = {http://hdl.handle.net/10044/1/15630},
volume = {14},
year = {2012}
}

RIS format (EndNote, RefMan)

TY  - JOUR
AB - Despite the widely acknowledged role of start-ups in economic development, little is known about theirinnovative activities compared with those of established firms. Drawing on a sample of 12,209 UK firms,we differentiate between services and manufacturing firms and, using a matching estimator approach,demonstrate that start-ups differ significantly from established firms in their innovation activities. Wefind that in services, being a start-up increases the likelihood of product innovations. However, in manufacturing,we find no significant differences in the likelihood of product innovation between start-ups andestablished firms. When examining the returns to innovation, we find that start-ups have a significantadvantage both in services and in manufacturing. We explore the implications of these results for theoryand policy.
AU - Criscuolo,P
AU - Nicolaou,N
AU - Salter,A
EP - 333
PY - 2012///
SP - 319
TI - The elixir (or burden) of youth? Exploring differences in innovation between start-ups and established firms
T2 - Research Policy
UR - http://hdl.handle.net/10044/1/15630
VL - 14
ER -