000086364 001__ 86364 000086364 005__ 20211122141542.0 000086364 0247_ $$2doi$$a10.3390/su11154187 000086364 0248_ $$2sideral$$a115013 000086364 037__ $$aART-2019-115013 000086364 041__ $$aeng 000086364 100__ $$0(orcid)0000-0001-8405-1056$$aSalas-Fumás, Vicente$$uUniversidad de Zaragoza 000086364 245__ $$aInnovations' success and failure in the business cycle 000086364 260__ $$c2019 000086364 5060_ $$aAccess copy available to the general public$$fUnrestricted 000086364 5203_ $$aThis paper examines three channels of influence of the business cycle in the propensity of firms to introduce technological innovations: Aggregate demand (firms initiate more innovation projects in expansion than in recession; risk (the probability that initiated projects fail is higher in contraction than in expansion); and obstacles to innovate (more firms perceive the obstacles to innovate as high in recessions than in expansions and the high obstacles implies lower propensity to initiate innovation projects). With Spanish CIS data we find evidence that the three channels contributed to the fall in the proportion of firms that introduce technological innovations during the Great Recession, compared with the proportion of innovators in the years of expansion. The research methodology consists on estimating a multiprobit model with the probability that firms introduce technological innovations, the probability that firms abandon ongoing innovation projects, and the probability that firms perceive the obstacles to innovate as high. 000086364 536__ $$9info:eu-repo/grantAgreement/ES/DGA/S42-17R-CREVALOR$$9info:eu-repo/grantAgreement/ES/MINECO/ECO2017-86305-C4-3-R 000086364 540__ $$9info:eu-repo/semantics/openAccess$$aby$$uhttp://creativecommons.org/licenses/by/3.0/es/ 000086364 590__ $$a2.576$$b2019 000086364 591__ $$aENVIRONMENTAL SCIENCES$$b120 / 265 = 0.453$$c2019$$dQ2$$eT2 000086364 591__ $$aENVIRONMENTAL STUDIES$$b53 / 123 = 0.431$$c2019$$dQ2$$eT2 000086364 591__ $$aGREEN & SUSTAINABLE SCIENCE & TECHNOLOGY$$b26 / 41 = 0.634$$c2019$$dQ3$$eT2 000086364 592__ $$a0.581$$b2019 000086364 591__ $$aGREEN & SUSTAINABLE SCIENCE & TECHNOLOGY$$b6 / 8 = 0.75$$c2019$$dQ3$$eT3 000086364 593__ $$aEnergy Engineering and Power Technology$$c2019$$dQ2 000086364 593__ $$aEnvironmental Science (miscellaneous)$$c2019$$dQ2 000086364 593__ $$aRenewable Energy, Sustainability and the Environment$$c2019$$dQ2 000086364 593__ $$aManagement, Monitoring, Policy and Law$$c2019$$dQ2 000086364 593__ $$aGeography, Planning and Development$$c2019$$dQ2 000086364 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/publishedVersion 000086364 700__ $$0(orcid)0000-0003-2114-5033$$aOrtiz, Javier$$uUniversidad de Zaragoza 000086364 7102_ $$14012$$2650$$aUniversidad de Zaragoza$$bDpto. Direcc.Organiza.Empresas$$cÁrea Organización de Empresas 000086364 773__ $$g11, 15 (2019), 4187 [22 pp.]$$pSustainability (Basel)$$tSustainability (Basel)$$x2071-1050 000086364 8564_ $$s337565$$uhttps://zaguan.unizar.es/record/86364/files/texto_completo.pdf$$yVersión publicada 000086364 8564_ $$s108234$$uhttps://zaguan.unizar.es/record/86364/files/texto_completo.jpg?subformat=icon$$xicon$$yVersión publicada 000086364 909CO $$ooai:zaguan.unizar.es:86364$$particulos$$pdriver 000086364 951__ $$a2021-11-22-14:06:27 000086364 980__ $$aARTICLE