INNOVATION MANAGEMENT TECHNIQUES AND TOOLS: ITS IMPACT ON FIRM INNOVATION PERFORMANCE

2018 ◽  
Vol 22 (06) ◽  
pp. 1850051 ◽  
Author(s):  
JOSE ALBORS-GARRIGOS ◽  
JUAN IGNACIO IGARTUA ◽  
ANGEL PEIRO
Keyword(s):  
Positive Impact ◽  
Innovation Management ◽  
Innovation Performance ◽  
Incremental Innovation ◽  
Firm Level ◽  
Firm Innovation ◽  
Academic Literature ◽  
Industry Environment ◽  
Research Gap ◽  
Management Techniques

Innovation management is a subject that raises the interest of academics and practitioners in the field of management. However, the academic literature is scarce regarding the details of implementing it in a systemic and routinised way. Additionally, although there are multiple tools and models to apply it at a firm level, there is little information concerning its effectiveness. The purpose of this paper is to fill this research gap by analysing how the utilisation of Innovation Management Techniques (IMTS) influences the innovation performance of firms. The research was based on a large and representative sample of industries in the Basque Region in Northeast Spain. The primary conclusions drawn from the research are that IMTS have a definite positive impact on the firm’s innovation results, and some of them have a stronger influence, with a significant impact on incremental innovation; the latter results will affect the radical innovation performance of the companies. Additionally, it has been concluded that the industry environment has a strong moderating influence on this relationship.

Capital Account Liberalization and Firm Innovation: Worldwide Evidence

2021 ◽  
pp. 0148558X2110594
Author(s):  
Fangfang Hou ◽  
Xinpeng Xu
Keyword(s):  
Positive Impact ◽  
Set Covering ◽  
Capital Account ◽  
Legal Environment ◽  
Firm Level ◽  
Firm Innovation ◽  
Capital Account Liberalization ◽  
Data Set ◽  
Innovation Output

This study investigates whether capital account liberalization, a leading characteristic of globalization, is associated with firms’ future innovation output. Employing a novel firm-level panel data set covering 41 countries over two decades, we show that capital account liberalization is significantly associated with higher corporate patenting activities, particularly for firms from innovation-intensive industries. Further analyses show that the effect is stronger among firms from economies in a better legal environment, signifying the important role of good institutional quality in facilitating the positive impact of liberalization. The effect is also stronger among firms with higher initial productivity, consistent with the “productivity” hypothesis, according to which bigger and more productive firms generate more innovation after liberalization. Our findings are robust to the use of various measurements, subsamples, and estimation models. This study provides global firm-level evidence of the real economic impact of financial globalization.

Firm innovation and access to finance: firm-level evidence from India

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Parneet Kaur ◽  
Navneet Kaur ◽  
Paras Kanojia
Keyword(s):  
Small Firms ◽  
Small And Medium Enterprises ◽  
Emerging Market ◽  
Innovation Performance ◽  
Innovation Activity ◽  
Firm Level ◽  
Firm Innovation ◽  
Content Type ◽  
Explanatory Variables ◽  
The Impact

Purpose Based on 9,281 firm-level survey data on micro, small and medium enterprises (MSMEs) in India, this study aims to investigate how access to different finance sources and collateral requirement facilitates the firm’s innovation activity across industries. Design/methodology/approach This paper used ordered logit regression models using Stata software for explanatory variables to measure the impact of explanatory variables on firm innovation performance. Firms’ innovation performance is measured through the aggregate innovation index obtained by adding up the no. of “new-to-firm” activities. Findings The empirical results reveal that external sources of funding impact innovation activity than other financing sources. Also, the requirement of collateral for financing impacts innovation performance significantly. This paper finds that firms funded by state-owned banks or government agency are more actively engaged in innovation activities. The firm’s size, ownership structure and location of the firm also show the varying innovation performance. This paper found variation in innovation performance across industries as well. Practical implications First, the present study underlines the significance of funding sources. Second, minimizing the need for collateral to obtain external finance boosts small firms’ innovation activity and will also trigger overall economic growth. Finally, while making policies for ownership transformation of state-owned institutions, policymakers should discuss these policies’ impact on innovative firms. Originality/value What facilitates innovation performance in an emerging market is missing in the literature for MSMEs, largely due to lack of data. It is reasonable not to generalize innovation knowledge in large firms to small firms because of the constraints, particularly MSMEs face.

Big data analytics capability as a major antecedent of firm innovation performance

2021 ◽  
pp. 146575032110508
Author(s):  
Arshad Muhammad ◽  
Chen Kun Yu ◽  
Aneela Qadir ◽  
Waqar Ahmed ◽  
Zahid Yousuf ◽  
...  
Keyword(s):  
Big Data ◽  
Data Analytics ◽  
Quantitative Research ◽  
Positive Impact ◽  
Big Data Analytics ◽  
Innovation Performance ◽  
National Database ◽  
Firm Innovation ◽  
Future Direction ◽  
Practical Implications

Purpose: This study aimed to investigate the big data analytics capabilities (BDAC) model using resource-based theory (RBT) and dimensions of big data analytics (management, technological, and talent) that influenced the firm innovation performance. Design/methodology/approach: The research uses quantitative research design where 548 respondents were selected for the survey from Pakistan electronic media regulatory authority (PEMRA), national database and registration authority (NADRA), and cellular companies. Only 394 useable responses were received from the respondents. Findings: The findings revealed that BDAC has a statistically positive impact on firm innovation performance. All of the proposed hypotheses were approved in this study. Research limitations/implications: The study gives future direction to the researchers and practitioners to implement this model in other industries. Practical implications: The research makes important theoretical and methodological contributions to the business and society's nexus in developing country firms that are under economic pressure. Originality/value: The paper is new in the context of the developing firm's innovation.

Shareholder involvement and firm innovation performance

2020 ◽  
Vol 14 (3) ◽  
pp. 833-855
Author(s):  
Feng Zhang ◽  
Lei Zhu ◽  
Liqun Wei
Keyword(s):  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Innovation Performance ◽  
Benefit Analysis ◽  
Firm Level ◽  
Firm Innovation ◽  
Content Type ◽  
Main Effect ◽  
Level Performance ◽  
Curvilinear Effect

Purpose Whether shareholders’ involvement in management benefits the organization’s performance remains inconclusive. The purpose of this study is to reconcile the conflicting results by exploring whether and under which contexts shareholder involvement may impact firm innovation performance. Design/methodology/approach This study attempts to combine previous theoretical views (reactance and agency theories) to examine a curvilinear effect of shareholder involvement on firm innovation performance based on governance related to cost-benefit analysis. Drawing on data from 174 Chinese manufacturing firms, the hierarchical regressions were used to test the hypotheses. Findings The study finds that shareholder involvement has a U-shaped relationship with firm innovation performance. Moreover, ownership incentive strengthens the U-shaped relationship, while monitoring weakens it. Originality/value Examination of the U-shaped main effect of shareholder involvement and these contingent factors further explains the mixed empirical results concerning the link between shareholder activism and firm-level performance.

scholarly journals Does Higher Education Promote Firm Innovation in China?

2020 ◽  
Vol 12 (18) ◽  
pp. 7326
Author(s):  
Xia Pan ◽  
Yuning Gao ◽  
Dong Guo ◽  
Wenyin Cheng
Keyword(s):  
Higher Education ◽  
Census Data ◽  
Negative Impact ◽  
Positive Impact ◽  
Higher Education Institutions ◽  
High Tech ◽  
Firm Level ◽  
Firm Innovation ◽  
Mixed Effect ◽  
Level Data

Endogenous growth theories have underpinned the pivotal role of education in innovation. However, our empirical study uncovers a mixed effect of higher education on firm innovation in China. Using Chinese Patent Census Data, a unique dataset, this paper is able to quantify innovation in China by incorporating a quality dimension for the first time. By merging the patent data with the Chinese Industrial Enterprise Database and province-level data on education, we find that the number of higher education institutions has a negative impact on firm-level innovation. However, the quantity of elite higher education institutions at the provincial level exerts a positive impact on firm innovation. In addition, heterogeneity analyses show that the effect of elite higher education on firm innovation is significantly positive for privately owned enterprises, but insignificant for state- and foreign-owned enterprises. Furthermore, the positive effect of elite higher education on innovation in high-tech industries is larger than in other industries.

PRIVATE–PUBLIC COLLABORATION AND INNOVATION PERFORMANCE: DOES TRAINING MATTER?

2013 ◽  
Vol 17 (03) ◽  
pp. 1340011 ◽  
Author(s):  
NUTTANEEYA (ANN) TORUGSA ◽  
ANTHONY ARUNDEL
Keyword(s):  
Absorptive Capacity ◽  
Innovation Management ◽  
Innovation Performance ◽  
Firm Innovation ◽  
Australian State ◽  
Using Data ◽  
Research Organisations ◽  
Public Collaboration ◽  
Industry Sectors ◽  
And Training

This study examines, through the theoretical lens of absorptive capacity, how the interaction between investments in R&D and training moderates the influence of collaboration with public research organisations (PROs) on firm innovation performance. Using data for 1,086 innovating firms across all industry sectors in the Australian state of Tasmania in 2010, we find that there is no direct association between collaboration with PROs and firm innovation performance, and the R&D-training interaction plays a significant role in positively moderating such an association. This study contributes to the innovation management literature by demonstrating the importance of the combination of R&D and training in creating absorptive capacity. More importantly, the combination of R&D and training positively influences the successful exploitation of private–public collaboration and promotes innovation performance.

scholarly journals Relationships Among CEO Narcissism, Debt Financing and Firm Innovation Performance: Emotion Recognition Using Advanced Artificial Intelligence

2021 ◽  
Vol 12 ◽  
Author(s):  
Lan Zhang ◽  
Biming Liang ◽  
Datian Bi ◽  
Yuan Zhou ◽  
Xiaohan Yu
Keyword(s):  
Artificial Intelligence ◽  
Decision Making ◽  
Positive Impact ◽  
Psychological Research ◽  
Debt Financing ◽  
Innovation Performance ◽  
Firm Innovation ◽  
Main Component ◽  
Ceo Narcissism ◽  
The Impact

Psychological research shows that as the main component of enterprise decision-making, CEOs are not completely rational, cognitive and psychological biases often influence their decision-making process. CEO narcissism has gradually attracted academic attention. Based on upper echelon theory and subconscious theory, this paper uses advanced artificial intelligence technology to quantify CEO narcissism as a kind of emotional intelligence. Taking A-share listed companies in China from 2010 to 2019 as research objects, this paper empirically tests the impact of CEO narcissism on debt financing and innovation performance. The results show that CEO narcissism has a significant positive impact on firm innovation performance. Debt financing plays a mediating role in the relationship between CEO narcissism and firm innovation performance. CEO narcissism can have a positive impact on firm innovation performance through debt financing. Compared with non-SOEs, SOEs' CEO narcissism has a more significant positive effect on debt financing and enterprise innovation performance. The research in this paper enriches psychology and organizational management and provides a reference for an enterprise's management decisions and for investors' investment decisions.

scholarly journals Innovation Patterns and Their Effects on Firm-Level Productivity in South Asia

2019 ◽  
Vol 5 (3) ◽  
pp. p261
Author(s):  
Xavier Cirera ◽  
Ana P. Cusolito
Keyword(s):  
South Asia ◽  
Product Innovation ◽  
Positive Impact ◽  
Incremental Innovation ◽  
Knowledge Capital ◽  
The South ◽  
Firm Level ◽  
Innovation Activities ◽  
Innovation Patterns ◽  
The Impact

This paper describes and benchmarks innovation activities for a sample of countries in the South Asia region, as well as the impact of these activities on firm-level productivity. The evidence gathered suggests that countries in the South Asia region can be divided into two groups, both in terms of the magnitude and composition of the innovation activities: leaders (Bangladesh and India) and laggards (Nepal and Pakistan). Leaders present higher rates of innovation activities than laggards and focus more on process innovation than in product innovation. Also, differences across-firms within all countries tend to present similar patterns when considering both leaders and laggards; with the acquisition of knowledge capital (e.g., R&D, investments in equipment, training) highly concentrated in few firms, and mature, exporter, and foreign-owned firms as the most innovative of the region. The evidence also suggests a positive impact of innovation on productivity, primarily via incremental innovation, especially in India.

Sign in / Sign up

Export Citation Format

Share Document