Persistence in lnnovation and Profitability - Elena Cefis - Vita e Pensiero - Articolo Rivista internazionale di Scienze Sociali

Persistence in lnnovation and Profitability

digital Persistence in lnnovation and Profitability
Article
Journal RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI
Issue RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI - 2003 - 1
Title Persistence in lnnovation and Profitability
Author
Publisher Vita e Pensiero
Format Article | Pdf
Online da 09-2017
Issn 0035-676X (print) | 1827-7918 (digital)
€ 6.00

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The paper investigates the relationship between the strong inertia of finns profits and the persistence in innovative activities. The empirical analysis implements a non-parametric approach based on modelling the dynamics of the evolving cross-section distributions to analyse firms' intradistribution mobility and persistence. Results suggest that firms which are systematic innovators and earn profits above the average have large probabilities to keep innovating and earning profits above the average, as well as vice versa. Firm's relative position in innovation matters in the long run: the probability to earn profits above the average, is higher if firms start as systematic innovators.

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