The innovation value chain in new technology based firms: evidence from the UK

Panagiotis Ganotakis, James H. Love

Research output: Preprint or Working paperWorking paper


We present the first innovation value chain analysis for a representative sample of new technology based firms (NTBFs) in the UK. This involves determining which factors lead to the usage of different knowledge sources and the relationships that exist between those sources of knowledge; the effect that each knowledge source has on innovative activity; and how innovation outputs affect the performance of NTBFs. We find that internal and external knowledge sources are complementary for NTBFs, and that supply chain linkages have both a direct and indirect effect on innovation. NTBFs’ skill resources matter throughout the innovation value chain, being positively associated with external knowledge linkages and innovation success, and also having a direct effect on growth independent of the effect on innovation. Exporting matters for performance, but not through any effect on innovation.
Original languageEnglish
Place of PublicationBirmingham
PublisherAston University
Number of pages23
ISBN (Print)978-1-85449-756-7, 1-85449-756-1
Publication statusPublished - Jul 2009

Publication series

NameAston Business School research papers
PublisherAston University


  • innovation value chain
  • new technology based firms
  • R&D
  • knowledge sourcing


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