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    Forces shaping firms' decision to innovate: evidence from large Australian organisations

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    Forces shaping firms' decision to innovate: evidence from large Australian organisations (258.6Kb)

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    Author
    Webster, Elizabeth
    Date
    2003-03
    University of Melbourne Author/s
    Webster, Elizabeth
    Affiliation
    Economics and Commerce: Melbourne Institute of Applied Economic and Social Research
    Metadata
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    Document Type
    Preprint
    Citations
    Webster, Elizabeth (2003) Forces shaping firms' decision to innovate: evidence from large Australian organisations.
    Access Status
    Open Access
    URI
    http://hdl.handle.net/11343/33733
    Description

    ISSN 1328-4991 (Print) ISSN 1447-5863 (Online) ISBN 0734031173 Melbourne Institute Working Paper No. 5/03

    Abstract
    This paper investigates the forces that lead some firms to engage in more innovative activities than others using a survey of over 200 large Australian firms. Many earlier studies on the determinants of innovation followed the Schumpeterian tradition, and focused on size and market structure as possible causes of innovativeness, however with the event of new qualitative measures of industry knowledge and managerial styles, these factors have been found to be insignificant. The results show that factors common to all industries, such as the extent of learning, knowledge spillovers, appropriability and managerial style, are more important than industry specific forces. Foreign owned companies were also found to be more innovative, other things considered
    Keywords
    Innovative activities; innovation; firms; inventions; imitations and adaptations; innovative firm; theories of firm behaviour; management style

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