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. ? 2021

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1 January 2022

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Research Policy 51(1) 2022

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DOI: 10.1016/j.respol.2021.104373

https://www.sciencedirect.com/science/article/pii/S0048733321001700

This Journal article is published under the centre's Urban programme.