Firm Innovation Strategies: a Spatial Cohort Multinomial Probit Approach

Corinne Autant-Bernard (1) , James Lesage (2) , Olivier Parent (3)

1 CREUSET - Centre de Recherche Economique de l'Université de Saint-Etienne
2 McCoy College of Business Administration Finance and Economics Department
3 UC - University of Cincinnati

This paper presents a multinomial extension of the binary probit model that allows for interfirm utility based on a spatially defined cohort of firms. Extending the class of Bayesian spatiallogiVprobit models, we investigate how firms decisions regarding innovation strategies are related to a spatially defined cohort of nearby firms' strategy choices. The results suggest that firms choice of innovation strategies are similar to those made by firms located nearby in space.

Domaines: Economies et finances

Corinne Autant-Bernard, James Lesage, Olivier Parent. Firm Innovation Strategies: a Spatial Cohort Multinomial Probit Approach. Annales d'Economie et de Statistique, 2008, 87-88, pp.63-80. ⟨hal-00359262⟩