Are Innovation Barriers Really Hampering Innovation? The Ability to Recognize Barriers as a Driver of Survival for Innovative Firms

Lars Frederiksen, Louise Lindbjerg

Publikation: KonferencebidragPaperForskningpeer review

Abstrakt

Innovative firms are likely to face barriers when taking new offerings to market. In line with previous research, we confirm that more innovative firms face more barriers. Using novel survey data coupled with register data, we extend previous models of innovation barriers by showing that the likelihood of firms experiencing barriers increases with novelty of the innovation. The effect appears to be driven by increased external orientation in the form of external search, market analysis and application for external funding. We show that the more barriers firms report to have experienced during the introduction of their most recent innovation, the less likely to survive. Our research adds to the literature on barriers to innovation and provide insight for managers in showing that the ability to identify and acknowledge the importance of the barriers to innovation is a significant driver firm performance. For policy makers, this study indicates that the barriers firms report are not an indication of impediments to be removed through policies, rather firms should be supported in recognizing the barriers in their environment in order deal with and learn from them.
OriginalsprogEngelsk
Publikationsdato2019
Antal sider25
StatusUdgivet - 2019
BegivenhedDRUID Academy Conference 2019 - Aalborg University, Aalborg, Danmark
Varighed: 16 jan. 201918 jan. 2019
https://conference.druid.dk/Druid/?confId=58

Konference

KonferenceDRUID Academy Conference 2019
LokationAalborg University
LandDanmark
ByAalborg
Periode16/01/201918/01/2019
Internetadresse

Emneord

  • Innovation barriers
  • External search
  • Firm survival

Citationsformater