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oai:docta.ucm.es:20.500.14352/987452025-02-08T01:16:00Zcom_20.500.14352_14col_20.500.14352_15

00925njm 22002777a 4500 dc Herrero Alba, Daniel author López Gallego, Julián author 2022 This paper applies the varieties of capitalism (VoC) theory of innovation to a country-case study: Germany. Drawing on a firm-level data set, the article measures the joint impact of a set of coordinated institutions—regarding the four institutional arenas highlighted by VoC—on incremental, radical, process innovation and imitations. Furthermore, to properly assess the effect of institutions, the probability to innovate is calculated across industries, export status and firm sizes. Evidence from logit modelling points to the crucial role of the selected group of institutions for all types of innovation, suggesting that the main road to innovation in Germany is a non-market corporate strategy, and that the VoC approach might be renewed. Herrero, D., López-Gallego, J. Revisiting varieties of capitalism: an empirical analysis of the institutional determinants of innovation in Germany. SN Bus Econ 2, 99 (2022). 10.1007/s43546-022-00257-8 https://hdl.handle.net/20.500.14352/98745 2662-9399 https://doi.org/10.1007/s43546-022-00257-8 Revisiting varieties of capitalism: an empirical analysis of the institutional determinants of innovation in Germany