86364 20211122141542.0 doi 10.3390/su11154187 sideral 115013 ART-2019-115013 eng Salas-Fumás, Vicente Universidad de Zaragoza (orcid)0000-0001-8405-1056 Innovations' success and failure in the business cycle 2019 Access copy available to the general public Unrestricted This 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. info:eu-repo/grantAgreement/ES/DGA/S42-17R-CREVALOR info:eu-repo/grantAgreement/ES/MINECO/ECO2017-86305-C4-3-R info:eu-repo/semantics/openAccess by http://creativecommons.org/licenses/by/3.0/es/ 2.576 2019 ENVIRONMENTAL SCIENCES 120 / 265 = 0.453 2019 Q2 T2 ENVIRONMENTAL STUDIES 53 / 123 = 0.431 2019 Q2 T2 GREEN & SUSTAINABLE SCIENCE & TECHNOLOGY 26 / 41 = 0.634 2019 Q3 T2 GREEN & SUSTAINABLE SCIENCE & TECHNOLOGY 6 / 8 = 0.75 2019 Q3 T3 0.581 2019 Energy Engineering and Power Technology 2019 Q2 Environmental Science (miscellaneous) 2019 Q2 Renewable Energy, Sustainability and the Environment 2019 Q2 Management, Monitoring, Policy and Law 2019 Q2 Geography, Planning and Development 2019 Q2 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Ortiz, Javier Universidad de Zaragoza (orcid)0000-0003-2114-5033 4012 650 Universidad de Zaragoza Dpto. Direcc.Organiza.Empresas Área Organización de Empresas 11, 15 (2019), 4187 [22 pp.] Sustainability (Basel) Sustainability (Basel) 2071-1050 337565 http://zaguan.unizar.es/record/86364/files/texto_completo.pdf Versión publicada 108234 http://zaguan.unizar.es/record/86364/files/texto_completo.jpg?subformat=icon icon Versión publicada oai:zaguan.unizar.es:86364 articulos driver 2021-11-22-14:06:27 ARTICLE