TY  - JOUR
A1  - Giotopoulos, Ioannis
A1  - Kritikos, Alexander
A1  - Tsakanikas, Aggelos
T1  - A lasting crisis affects R&D decisions of smaller firms
BT  - the Greek experience
JF  - The Journal of technology transfer
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.
KW  - small firms
KW  - large firms
KW  - R&D
KW  - innovation
KW  - productivity
KW  - long-term crisis
Y1  - 2022
U6  - https://doi.org/10.1007/s10961-022-09957-7
SN  - 0892-9912
IS  - 48
SP  - 1161
EP  - 1175
PB  - Springer Science+Business Media
CY  - Dordrecht
ER  - 
TY  - JOUR
A1  - Audretsch, David B.
A1  - Kritikos, Alexander
A1  - Schiersch, Alexander
T1  - Microfirms and innovation in the service sector
JF  - Small business economics
N2  - In the context of microfirms, this paper analyzes whether the link between the three aspects involving innovative activities—R&D, innovative output, and productivity—hold for knowledge-intensive services. With especially high start-up rates and the majority of employees in microfirms, knowledge-intensive services (KIS) have a starkly different profile from manufacturing. Results from our structural models indicate that KIS firms benefit from innovation activities through increased labor productivity with highly skilled employees being similarly important compared to R&D for creating innovation output in microfirms. Moreover, the firm size advantage of large firms found for manufacturing almost disappears in KIS, with start-ups and young firms having a higher probability of initiating innovation activities and of successfully turning knowledge into innovation output than mature firms.
KW  - microfirms
KW  - MSMEs
KW  - R&D
KW  - service sector
KW  - innovation
KW  - productivity
Y1  - 2020
U6  - https://doi.org/10.1007/s11187-020-00366-4
SN  - 0921-898X
SN  - 1573-0913
VL  - 55
IS  - 4
SP  - 997
EP  - 1018
PB  - Springer Science + Business Media B.V.
CY  - Dordrecht
ER  -