presence of other banks as making an important contribution to innovation. The same
tendency is evident for fund management, but not for management consultancies. Larger
firms are significantly more likely to rate the presence of other firms in the same line of
activity as being important. Banks are also significantly more likely to rate the presence of
firms who supply complementary goods and services as being important to innovation.
The same tendency is more weakly evident for investment banks.
Table 7: Local Relationships and Innovation
How important are the following types of local firms/institutions in helping your firm | |||||||
1 |
2 |
3 |
4 |
5 |
0 |
Total | |
A pool of talented labor with relevant skills |
19- |
3Γ |
42 |
79 |
111 |
22^ |
1078 |
Customers |
2T |
3F |
60 |
69 |
102 |
1T |
1063 |
Firms who help you supply your service/product |
28 |
44 |
80 |
71 |
58 |
26 |
930 |
Other firms in the same line of activity |
38 |
64 |
96 |
67 |
18 |
20 |
812 |
Industry associations |
65 |
72 |
77 |
44 |
18 |
29 |
706 |
Academic institutions |
98 |
85 |
55 |
24 |
10 |
33 |
579 |
Local government |
139 |
63 |
28 |
16 |
7 |
51 |
448 |
Table 8: Presence of other Firms in the Same Line of Activity in Promoting
Innovation
Not important |
Moderately |
Important oɪ |
TOTAL | ||
Banking______________ |
Count___________ |
8.0 |
___________18.0 |
____________18.0 |
44.0 |
Expected Count |
___________14.5 |
___________16.0 |
____________13.4 |
44.0 | |
Insurance______________ |
Count___________ |
___________18.0 |
__________23.0 |
____________16.0 |
57.0 |
Expected Count |
__________18.8 |
__________20.8 |
____________17.4 |
57.0 | |
Legal services__________ |
Count___________ |
__________20.0 |
___________17.0 |
____________18.0 |
55.0 |
Expected Count |
___________18.2 |
__________20.0 |
____________16.8 |
55.0 | |
Investment banking |
Count___________ |
____________6.0 |
____________7.0 |
______________7.0 |
20.0 |
Expected Count |
______________6.6 |
_____________7.3 |
_______________6.1 |
20.0 | |
Fund management_____ |
Count___________ |
____________3.0 |
____________6.0 |
______________8.0 |
17.0 |
Expected Count |
______________5.6 |
____________6.2 |
_____________5.2 |
17.0 | |
Management consultancy |
Count___________ |
___________18.0 |
____________8.0 |
_____________2.0 |
28.0 |
Expected Count |
____________9.3 |
___________10.2 |
_____________8.5 |
28.0 | |
Accounting____________ |
Count___________ |
____________5.0 |
____________7.0 |
______________3.0 |
15.0 |
Expected Count |
____________5.0 |
____________5.5 |
________________4.6 |
15.0 | |
Total___________________ |
Count___________ |
__________78.0 |
__________86.0 |
___________72.0 |
236.0 |
Expected Count |
___________78.0 |
__________86.0 |
____________72.0 |
236.0 |
24