Cefis, Elena; Marsili, Orietta - In: Research Policy 41 (2012) 5, pp. 795-807
Although innovation is essential to build a competitive advantage and survive in the long run, some firms choose to … restructuring. Using an analysis of a large and rich panel of Dutch manufacturing firms, we find that product and process innovation … process innovations are pursed in combination. We also find that process innovation reduces the probability of exit by radical …