Caloghirou, Y., Protogerou, A., Kontolaimou, A., “Innovation in the European creative industries: a firm-level empirical approach”, Industry and Innovation, (2017), Vol. 24 (6), pp. 587-612

Author Information

Authors:

  • Aimilia Protogerou¹,
  • Alexandra Kontolaimou,
  • Yannis Caloghirou

Author Affiliations: ¹Laboratory of Industrial and Energy Economics, National Technical University of Athens, Heroon Polytechniou 9, str., Zografou Campus, GR 157 80, Athens, Greece

Corresponding author:

  • protoger@chemeng.ntua.gr
Abstract

This paper explores the innovative performance of firms active in the creative industries (CIs). It identifies potential differentials in various innovation indicators between CI and non-CI young firms and examines drivers of the innovative performance of firms in the creative sectors. Our findings suggest that firms in the CIs outperform those in non-CIs both in terms of product innovation and R&D intensity, but not in terms of process and organisational innovation. Empirical analysis also suggests that the human capital of the founders as well as specific firm characteristics play a significant role in the innovative activity of firms in the CIs.

Article Information

Type of Journal:

Industry and Innovation

Key words:

  • Creative industries
  • Innovation
  • Firm characteristics
  • Founder-specific characteristics

 

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