Linking Technological, Market and Financial Indicators Of Innovation

Tidd, Joe; Driver, Ciaran; Saunders, Peter

Abstract

This paper describes the results of a feasibility study to develop a national Innovation Scoreboard to measure and track the innovative performance of companies in the UK. It begins with a review of potential technological, market and financial indicators of innovation, and using data in the public domain, develops a trial Innovation Scoreboard based on 40 firms from five different sectors. The preliminary findings suggest that product announcements made in the specialist press may be a viable indicator of innovation at the level of the firm. Specifically, the evidence suggests that product announcements represent a useful measure of innovative output, which combined with expenditure on research and development provide a measure of research efficiency. This measure of research efficiency is shown to be associated with higher market to book values.

Citation

Tidd, J., Driver, C., & Saunders, P. (1996). Linking Technological, Market and Financial Indicators Of Innovation. Economics of Innovation and New Technology, 4(3), 155-172. https://doi.org/10.1080/10438599600000006

• Journal Article Type: Article
• Publication Date: Jan 1, 1996
• Deposit Date: Aug 15, 2015
• Journal: Economics of Innovation and New Technology
• Print ISSN: 1043-8599
• Electronic ISSN: 1476-8364
• Publisher: Taylor and Francis Group
• Peer Reviewed: Peer Reviewed
• Volume: 4
• Issue: 3
• Pages: 155-172
• DOI: https://doi.org/10.1080/10438599600000006