1. Firm Innovation Strategies: a Spatial Cohort Multinomial Probit Approach
- Author
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Autant-Bernard, Corinne, Parent, Olivier, Lesage, James, Beudon, Soledad, Centre de Recherche Economique de l'Université de Saint-Etienne (CREUSET), Université Jean Monnet [Saint-Étienne] (UJM)-Centre National de la Recherche Scientifique (CNRS), McCoy College of Business Administration Finance and Economics Department, Texas State University, and University of Cincinnati (UC)
- Subjects
[SHS.ECO]Humanities and Social Sciences/Economics and Finance ,[SHS.ECO] Humanities and Social Sciences/Economics and Finance - Abstract
International audience; 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.
- Published
- 2008