Investment patterns of innovation-efficient firms

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Brecht, L., & Bayrle, N. (2019). Investment patterns of innovation-efficient firms. International Journal of Engineering, Applied and Management Sciences Paradigms(Special Issue - ICTIMESH 2019), 05-010.

Publication type

Article in Scientific Journal


The innovation efficiency of firms can be investigated with the help of various methods and data sets. The starting point of this study is an innovation efficiency sc ore based on Data Envelopment Analysis. In general, it is interesting to determine which characteristics innovation efficient and non innovation efficient firms show regarding investment activities in innovations. In addition, their characteristics in term s of firm performance an d firm valuation are also of interest. The paper aims to identify the investment patterns of innovation efficient firms in contrast to non innovation efficient ones. A period from 2007 to 2017 is considered to identify these characteristics. Innovation e ff icient firms show superior performance in terms of valuation and financial indicators. Investing into innovation efficiency leads to a better future for firms: Innovation efficient firms stay ahead of their competitors due to their steady investment into innovation activities activities.


Organizational Units

  • Institute for Entrepreneurship
  • Chair of Entrepreneurship and Technology

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