Research paper on Empirical evidence from Norway demonstrates the mediating role of firm R&D in the creation of product and process innovation.

Description

Title: Empirical evidence from Norway demonstrates the mediating role of firm R&D in the creation of product and process innovation.

Abstract: To promote company innovation, government funding actively participates in private R&D investment. The need for additional sources of competitive advantage is forcing businesses to cooperate according to the triple- or quadruple-helix principles. This study examines the role that firms’ R&D plays in whether government funding and cooperation based on the triple-helix and quadruple-helix principles spur firms’ product and process innovation rather directly or indirectly. In order to achieve this, we gather information from the Community Innovation Survey and analyze 5045 Norwegian companies using structural equation modeling with partial least squares. Our findings support the hypothesis that public funding and triple- and quadruple-helix cooperation have a significant impact on the R&D activities of businesses. Surprisingly, we demonstrated that neither public funding nor triple- or quadruple-helix cooperation directly influence a firm’s ability to innovate new products. Additionally, the findings indicate that government funding and triple- and quadruple-helix collaboration have a negative impact on the product innovation of Norwegian firms. On the other hand, firms’ cooperation based on the triple- and quadruple-helix principles has a positive and direct impact on process innovation. Our analyses’ findings make it abundantly clear that a company’s R&D efforts are crucial because they have been shown to mediate the effects of public funding and triple- and quadruple-helix collaboration on the development of new products and processes by Norwegian businesses.

Keywords: innovation; R& D; government funding; cooperation; triple-helix; quadruple-helix

Paper Quality: SCOPUS / Web of Science Level Research Paper

Subject: Economics

Writer Experience: 20+ Years

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