Management Summary Research Study „International, national and sectoral determinants of innovation: evolutionary perspective from the Czech, German, Hungarian and Slovak community innovation survey data“
This paper studies the determinants of innovation activities in Central European economies at the firm, sectoral, country and international levels. It focuses on innovation activities in four countries, the Czech Republic, Germany, Hungary, and Slovakia.
The empirical part is based on the three waves (2010, 2012, 2014) of the Community Innovation Survey (CIS), in a total of 58,880 observations, which we combined with 2-digit NACE rev. 2 sectoral variables (Herfindahl index, average values of age, profits, intangible assets, shares of large and medium-sized enterprises). These variables were calculated from 910,731 observations originating from the Amadeus database. We used Heckman and Bivariate Probit estimation procedures to observe the dynamics of new-to-the-market product and process innovation over time and at different levels of the innovation ecosystem.
The key findings from this study, documenting the importance of the studied factors, their roles and changing impacts over time, may help managers and business owners to formulate more accurate and evidence-informed decisions regarding innovation strategies. Specifically, in strategic calculations and plans, whether the sectoral (industrial) characteristics (figures) are favourable for launching new innovation projects, expansion of the existing research and development (R&D) activities or whether it is more efficient to enter a different sector, because the competition is too concentrated, and the expected financial gains of investments are too limited or because there are too high financial barriers of market entry.
Target Audience/Stakeholders: Innovation managers, innovation scholars and researchers
Citation: Vokoun, M. & Dvouletý, O. (2022). International, national and sectoral determinants of innovation: evolutionary perspective from the Czech, German, Hungarian and Slovak community innovation survey data. Innovation: The European Journal of Social Science Research, DOI: https://doi.org/10.1080/13511610.2022.2158309