Comparative Analysis of Firms’ Participation in National and International Programmes to Support Innovation

Hidalgo Nuchera, Antonio and Molero, José and Granda Gayo, Inés and Albors Garrigós, José (2015). Comparative Analysis of Firms’ Participation in National and International Programmes to Support Innovation. "Dirección y Organización", v. 55 ; pp. 11-25. ISSN 1132-175X.

Description

Title: Comparative Analysis of Firms’ Participation in National and International Programmes to Support Innovation
Author/s:
  • Hidalgo Nuchera, Antonio
  • Molero, José
  • Granda Gayo, Inés
  • Albors Garrigós, José
Item Type: Article
Título de Revista/Publicación: Dirección y Organización
Date: 2015
ISSN: 1132-175X
Volume: 55
Subjects:
Freetext Keywords: Innovation, technology policy, technological cooperation, internationalisation, Eureka
Faculty: E.T.S.I. Industriales (UPM)
Department: Ingeniería de Organización, Administración de Empresas y Estadística
Creative Commons Licenses: Recognition - No derivative works - Non commercial

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Abstract

Innovation is a process that faces several market failure situations. For this reason and for being considered one of the main drivers of economic growth, a large number of governmental and supranational policies are designed to foster technological progress. Along with these policies, there is an increasing concern with their continuous evaluation aiming at providing valuable feedback for these program?s adaptation and adequacy to the firm?s needs. The paper develops an evaluation of the influence of innovation-focused programs in firm¿s innovation and economic performance by means of a comparative analysis of the results obtained by Spanish firms that have participated in R&D national programmes and those achieved by Spanish firms participating in EUREKA international program. Findings show that the programmes were effective in achieving their objective of promoting technological innovation but, as regards the economic effects, the results were less conclusive since some differences were observed depending on the programme. The EUREKA companies displayed better behaviour, with positive differences in their returns on assets and labour productivity. The results also confirm the importance of designing more detailed and rigorous evaluation processes, taking into account the risk variable, in order to draw a more realistic picture of the impact of national and international programmes.

More information

Item ID: 41434
DC Identifier: http://oa.upm.es/41434/
OAI Identifier: oai:oa.upm.es:41434
Official URL: http://www.revistadyo.com/index.php/dyo/article/view/464
Deposited by: Memoria Investigacion
Deposited on: 23 Jun 2016 17:35
Last Modified: 23 Jun 2016 17:35
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