TY  - RPRT
A1  - Giotopoulos, Ioannis
A1  - Kritikos, Alexander
A1  - Tsakanikas, Aggelos
T1  - A Lasting Crisis affects R&D decisions of smaller firms
BT  - the Greek experience
T2  - CEPA Discussion Papers
N2  - We use the prolonged Greek crisis as a case study to understand how a lasting economic shock affects the innovation strategies of firms in economies with moderate innovation activities. Adopting the 3-stage CDM model, we explore the link between R&D, innovation, and productivity for different size groups of Greek manufacturing firms during the prolonged crisis. At the first stage, we find that the continuation of the crisis is harmful for the R&D engagement of smaller firms while it increased the willingness for R&D activities among the larger ones. At the second stage, among smaller firms the knowledge production remains unaffected by R&D investments, while among larger firms the R&D decision is positively correlated with the probability of producing innovation, albeit the relationship is weakened as the crisis continues. At the third stage, innovation output benefits only larger firms in terms of labor productivity, while the innovation-productivity nexus is insignificant for smaller firms during the lasting crisis.
T3  - CEPA Discussion Papers - 49 
KW  - Small firms
KW  - Large firms
KW  - R&D
KW  - Innovation
KW  - Productivity
KW  - Long-term Crisis
Y1  - 2022
U6  - http://nbn-resolving.de/urn/resolver.pl?urn:nbn:de:kobv:517-opus4-558442
SN  - 2628-653X
IS  - 49
ER  - 
TY  - RPRT
A1  - Audretsch, David B.
A1  - Hafenstein, Marian
A1  - Kritikos, Alexander
A1  - Schiersch, Alexander
T1  - Firm Size and Innovation in the Service Sector
T2  - CEPA Discussion Papers
N2  - A rich literature links knowledge inputs with innovative outputs. However, most of what is known is restricted to manufacturing. This paper analyzes whether the three aspects involving innovative activity - R&D; innovative output; and productivity - hold for knowledge intensive services. Combining the models of Crepon et al. (1998) and of Ackerberg et al. (2015), allows for causal interpretation of the relationship between innovation output and labor productivity. We find that knowledge intensive services benefit from innovation activities in the sense that these activities causally increase their labor productivity. Moreover, the firm size advantage found for manufacturing in previous studies nearly disappears for knowledge intensive services.
T3  - CEPA Discussion Papers - 4 
KW  - MSMEs
KW  - R&D
KW  - Service Sector
KW  - Innovation
KW  - Productivity
KW  - Entrepreneurship
Y1  - 2019
U6  - http://nbn-resolving.de/urn/resolver.pl?urn:nbn:de:kobv:517-opus4-427670
SN  - 2628-653X
IS  - 4
ER  -