Innovative events: product launches,innovation and firm performance

In this paper, we shed new light on the links between firm-level innovation and growth. We introduce data that capture a difficult-to-observe aspect of firms' innovative activity – new product/service launches – at scale. We show that our novel measures complement existing innovation metrics. We build a simple framework covering firm-level innovation, launches and revenue productivity. Then, we show positive linkages between past patenting and launches and between launches and performance for a large panel of small and medium-sized enterprises (SMEs) in the UK. We go on to explore the roles of age, size, industry and product/service quality in these relationships. A subset of SMEs with high-quality launches explains our results.     

CAS launches center for theoretical physics of mega-scientific facilities

The nameplate for the Theoretical Physics Research Center for Large Science Facilities was unveiled on 6 September at the CAS Institute of High Energy Physics (IHEP) in Beijing. Chaired by IHEP Vice Director WANG Yifang, the ceremony was attended by CAS Executive Vice President BAI Chunli, Vice President of the National Natural Science Foundation of China (NSFC) SHEN Wenqing and nearly 20 CAS Members.