Innovation sweet spot: How R&D intensity boosts firm survival rates.
The study looked at how innovation affects the survival of UK firms. By analyzing data from over 39,000 companies, the researchers found that there is a sweet spot for innovation - too little or too much can harm a company's chances of survival. They also discovered that investing in research and development can help firms stay afloat, especially in certain industries. The results show that different types of R&D spending and funding sources can impact a company's longevity. Overall, the study suggests that finding the right balance in innovation is crucial for a firm's success.