Are Innovation Barriers Really Hampering Innovation?

The Ability to Recognize Barriers as a Driver of Survival for Innovative Firms

Lars Frederiksen, Louise Lindbjerg

Research output: Contribution to conferencePaperResearchpeer-review

Abstract

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.
Original languageEnglish
Publication date2019
Number of pages25
Publication statusPublished - 2019
EventDRUID Academy Conference 2019 - Aalborg University, Aalborg, Denmark
Duration: 16 Jan 201918 Jan 2019
https://conference.druid.dk/Druid/?confId=58

Conference

ConferenceDRUID Academy Conference 2019
LocationAalborg University
CountryDenmark
CityAalborg
Period16/01/201918/01/2019
Internet address

Keywords

  • Innovation barriers
  • External search
  • Firm survival

Cite this

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Are Innovation Barriers Really Hampering Innovation? The Ability to Recognize Barriers as a Driver of Survival for Innovative Firms. / Frederiksen, Lars; Lindbjerg, Louise.

2019. Paper presented at DRUID Academy Conference 2019, Aalborg, Denmark.

Research output: Contribution to conferencePaperResearchpeer-review

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T2 - The Ability to Recognize Barriers as a Driver of Survival for Innovative Firms

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AU - Lindbjerg, Louise

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