Innovative Firms or Innovative Owners? Determinants of Innovation in Micro and SMEs
A paper presented by the World Bank analizes the incidence of innovation in micro and small firms in developing countries
1 July 2009 |
Innovation is key to technology adoption and creation, and to explaining the vast differences in productivity across and within countries. Owner ability, personality traits, and ethnicity have a significant and substantial impact on the likelihood of a firm innovating, confirming the importance of the entrepreneur in the innovation process.
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