scholarly journals DETERMINANTS OF INNOVATION IN A SMALL OPEN ECONOMY: A MULTIDIMENSIONAL PERSPECTIVE

2013 ◽  
Vol 14 (3) ◽  
pp. 583-600 ◽  
Author(s):  
Luísa Carvalho ◽  
Teresa Costa ◽  
Jorge Caiado
Keyword(s):  
Regression Analysis ◽  
Open Economy ◽  
Organizational Innovation ◽  
Positive Impact ◽  
Small Open Economy ◽  
Manufacturing Firms ◽  
Service Firms ◽  
Community Innovation Survey ◽  
Innovation Activities ◽  
Dependent Variables

This paper uses logistic regression analysis to examine how intramural and extramural R&D, acquisition of machinery, equipment and software, acquisition of external knowledge, training, market introduction and other procedures and technical preparations determine the innovation behaviour of manufacturing and service firms. We adopt a multidimensional view of innovation by considering product, process, organizational and marketing innovations as dependent variables separately. The study reports on the Community Innovation Survey (CIS4) of a small open-economy country. The empirical results indicate that intramural R&D has a positive impact on innovation. In contrast, the influence of extramural R&D on innovation is unclear. All innovation activities contribute towards organizational innovation. The study also suggests that there are no significant differences between services and manufacturing firms concerning the propensity to innovation.

scholarly journals Strengthening the Innovation Resilience of Polish Manufacturing Firms in Unstable Environments

2021 ◽  
Author(s):  
Anna Wziątek-Kubiak ◽  
Marek Pęczkowski
Keyword(s):  
Public Support ◽  
Probit Model ◽  
Manufacturing Firms ◽  
Community Innovation Survey ◽  
Innovation Activities ◽  
Turbulent Times ◽  
Unstable Environment ◽  
Innovative Resources ◽  
Accuracy Of Prediction ◽  
Second Period

AbstractThis study examines factors that increase resilience in innovation of Polish manufacturing firms in an unstable environment. Organizational resilience in innovation is the ability to continuously perform innovation in a turbulent environment and increase knowledge accumulation. In 2008–2012, Poland did not have crisis itself. Short-term slowdown of the economy was accompanied by a breakdown of innovation activities, with a medium-term effect. Based on the Polish Community Innovation Survey panel data for two periods: the innovation crisis (2008–2010), and the innovation pessimism period (2010–2012), this study shows which innovative resources change the probability of innovation continuity in the second period. In our probit model, we explore 42 factors of innovations. We found that financing, R&D and marketing increased the probability of continuity of innovation, but the influence of financing was the strongest. Persistence in innovation in turbulent times hence requires a change in the structure of innovation resources used. Due to the fact that public support on innovation did not increase the likelihood of the continuity of the innovation, a policy change is required. Reliability of our estimation is confirmed by accuracy of prediction of firms, which was 78.2%.

scholarly journals Mutual Fund Performance and the Impact of Superannuation and Financial Regulation

2018 ◽  
Author(s):  
James M. Cooper ◽  
Russell Gregory-Allen
Keyword(s):  
New Zealand ◽  
Mutual Funds ◽  
Open Economy ◽  
Mutual Fund ◽  
Financial Regulation ◽  
Positive Impact ◽  
Small Open Economy ◽  
Fund Industry ◽  
Mutual Fund Industry ◽  
The Impact

Financial innovation such as a new superannuation scheme can allow for broader participation in retirement savings by individuals, but might also impact existing investments. On the other hand, mutual fund regulation involves a balancing act between protecting investors, and allowing fund managers to exercise their skills. Some recent changes in the fund environment of New Zealand allows an examination of the impact on performance from those changes in a small, open economy. Using a sample of New Zealand mutual funds, we compared performance before and after the introduction of two significant changes in the financial environment of New Zealand. In 2007, a state-sponsored investment scheme called KiwiSaver was introduced, providing significant incentives for more and more New Zealanders to save. Participation was substantial, and by 2015 KiwiSaver funds under management had exceeded traditional open-end funds. At the time of KiwiSaver’s introduction, mutual fund regulations was quite lax, particularly in the area of financial disclosure. However, in 2013 a new law was introduced, substantially increasing the disclosure requirements for those funds participating in the KiwiSaver scheme. First we examined, the impact on the New Zealand mutual fund industry upon the introduction of KiwiSaver, and then on the introduction of the increased KiwiSaver regulations, in order to determine if these harmed the overall New Zealand mutual fund industry. We found that the New Zealand mutual funds which focused on New Zealand or Australian equities experienced some negative performance after the introduction of KiwiSaver, but the impact on the overall industry was not significant. We also found that the increased regulations had some positive impact on performance, particularly for those funds emphasising global equities.  

Understanding the Influence of R&D Collaboration on Organizational Innovation

2018 ◽  
Vol 7 (3) ◽  
pp. 54-73 ◽  
Author(s):  
Lurdes Simao ◽  
Mário Franco
Keyword(s):  
Empirical Evidence ◽  
Significant Influence ◽  
Organizational Innovation ◽  
Positive Impact ◽  
Innovation Adoption ◽  
Positive Influence ◽  
Business Practices ◽  
Community Innovation Survey ◽  
External Relations ◽  
Practical Implications

Collaboration in R&D has had a positive influence on the performance of firms, but little is known about its impact on organizational innovation. Therefore, this article analyzes the influence of R&D collaboration on firms' ability to introduce organizational innovation. A quantitative approach was used, based on a sample of 5.079 Portuguese firms from the CIS 2010-Community Innovation Survey 2010. The empirical evidence showed R&D collaboration with clients to be predominant in organizational innovation adoption. Cooperation with competitors, universities and state laboratories has no significant influence. R&D collaboration with other firms within the same group, and with suppliers has a significant positive impact on organizational innovation in the workplace. In addition, collaboration with consultants is significant in business practices and external relations. Several theoretical and practical implications are presented.

scholarly journals Retail Space for Rent! Macroeconomic Determinants of Shopping Complex Occupancy Rate

2021 ◽  
Vol 21 (1) ◽  
pp. 268-284
Author(s):  
Shan-Shan Goh ◽  
Tuck-Cheong Tang ◽  
Alex Hou-Hong Ng
Keyword(s):  
Interest Rate ◽  
Gross Domestic Product ◽  
Open Economy ◽  
Inflation Rate ◽  
Positive Impact ◽  
Small Open Economy ◽  
Policy Implications ◽  
Occupancy Rate ◽  
Causality Tests ◽  
Macroeconomic Determinants

This study proposes anad hoc equationwhich isapplied to estimatethe impactsof macroeconomic variableson occupancy rate of shopping complex. Thecandidatemacroeconomic determinantsare interest rate, inflation rate, share priceand Gross Domestic Product (GDP), whileasupply-sidevariable, total spaceis included.Using quarterly databetween 1992and 2015 froma small open economy-Malaysia, this study findsthat interest rate,and GDP both havea positive impact on shopping complex’s occupancy rate, and total space of shopping complex shows anegative sign.The non-causality tests offer that inflation rate indirectlycauses the occupancy rate of shopping complex. This study highlights somerelevant policy implications.

scholarly journals The Effect of Government Subsidy on Non-Technological Innovation and Firm Performance in the Service Sector: Evidence from Germany

2018 ◽  
Vol 9 (1) ◽  
pp. 118-137 ◽  
Author(s):  
Shoaib Abdul Basit ◽  
Thomas Kuhn ◽  
Mumtaz Ahmed
Keyword(s):  
Firm Performance ◽  
Service Sector ◽  
Organizational Innovation ◽  
Government Subsidy ◽  
Community Innovation Survey ◽  
Firm Level ◽  
Government Subsidies ◽  
Innovation Activities ◽  
Public Subsidy ◽  
The Impact

Abstract Background: To enhance the innovation activities at the firm level, government subsidies plays an important role. Objectives: The objective of the study is to explore whether firms in service sector that receive government subsidies engage more in marketing and organizational innovation activities than their counterparts. Second, focusing on the subsidized firms in the service sector, the impact of innovations (marketing as well as organizational) on firm performance—measured as the probability of submitted copyright applications by firms, has been analyzed. Methods/Approach: The propensity score matching approach and probit model have been used to analyze the innovation activities of subsidized and non-subsidized firms. The empirical analysis is based on the micro level data from Mannheim Innovation Panel, covering the Community Innovation Survey of 2011. Results: Empirical results show that public subsidy has a significant positive effect on marketing and organizational innovation. In addition, within the firms that have received government subsidy, the impact of only marketing innovation is found to be significant on firm performance. Conclusions: These findings employ that subsidized firms are more likely to perform better than their counterparts. Furthermore, public subsidy programs increase the probability of applying for a copyright in small and medium firms.

The Effect of R&D Cooperation on Organizational Innovation

2015 ◽  
pp. 352-370
Author(s):  
Lurdes Simao ◽  
Mário Franco
Keyword(s):  
Technological Innovation ◽  
Quantitative Study ◽  
Organizational Innovation ◽  
Positive Impact ◽  
Innovation Performance ◽  
Business Practices ◽  
Community Innovation Survey ◽  
External Relations ◽  
The Relationship ◽  
Positive Effect

The literature on innovation suggests that cooperation in R&D has a very positive effect on the performance of firms' technological innovation, but little is known about its impact on organizational innovation. Thus, this chapter aims to analyze the effect of R&D cooperation on firms' abilities to introduce organizational innovation. A quantitative study was made based on a sample of 5,079 Portuguese firms from the CIS 2010-Community Innovation Survey 2010. The results showed R&D cooperation with clients to be predominant in organizational innovation performance. Cooperation with competitors, universities, and state laboratories has no significant effect. R&D cooperation with other firms within the same group and with suppliers has a significant positive impact on organizational innovation in the workplace. In addition, cooperation with consultants is significant in business practices and external relations. This study contributes to the development of theory on organizational innovation, examining the relationship between R&D cooperation and organizational innovation.

Innovation drivers in Ecuadorian manufacturing

2019 ◽  
Vol 17 (4) ◽  
pp. 510-539
Author(s):  
María Engracia Rochina-Barrachina ◽  
Jorge Antonio Rodríguez
Keyword(s):  
Design Methodology ◽  
Organizational Innovation ◽  
Probit Model ◽  
Manufacturing Firms ◽  
Content Type ◽  
Innovation Activities ◽  
Different Types ◽  
Innovation Strategies ◽  
Over Time

Purpose The purpose of this paper is to study which are the drivers of different types of innovations for manufacturing firms. The considered innovation types are product, process, organizational and marketing innovations. In addition, this study also aims to understand why most types of innovation (with the exception of organizational innovation) have decreased over time. Design/methodology/approach The two non-overlapping waves of the Ecuadorian National Innovation Activities Survey 2013 and 2015 (NIAS) are used. To identify the determinants of the different types of innovations and to check whether the decisions to innovate are correlated, a tetravariate probit model is used. Findings The results obtained point to some relevant differences in terms of the drivers of the different types of innovation. In addition, it is also evident that with the passage of time, certain problems that may be reducing the incentives to innovate have become more acute. Originality/value The study adds new empirical evidence to the literature on the role of investments in incorporated technology in innovation in developing countries. In particular, for Ecuadorian firms, the acquisition of incorporated technology in capital goods seems to be very relevant. This highlights the existence of a supply-driven innovation strategy. However, there is also room for innovation strategies driven by demand conditions.

scholarly journals Technological innovativeness and growth: a study of small scale manufacturing firms in Lagos State

2019 ◽  
Vol 17 (4) ◽  
pp. 39-53
Author(s):  
Chinazor Franca Obunike ◽  
Ama Aka Udu
Keyword(s):  
Regression Analysis ◽  
Firm Size ◽  
Firm Growth ◽  
Positive Relationship ◽  
Employment Growth ◽  
Manufacturing Firms ◽  
Small Scale ◽  
Dependent Variables ◽  
Lagos State ◽  
The Relationship

The study has the general objective to determine the extent of the relationship between technological innovativeness and firm growth using small scale manufacturing firms in Lagos State. The independent variable of technological innovativeness was operationalized into product-oriented innovativeness and process-oriented innovativeness, while the dependent variables of firm growth were operationalized into sales growth, employment growth, growth in firm size and market shares growth. This study employs exploration correlational research design. The sample population of a small scale enterprise in Lagos State accounts for eleven thousand and forty-four (11,044). Yamane’s formula was used to get the sample size of three hundred and eighty-six (386), this was approximated to the nearest hundred to have 400 for equal distribution. Data gathered for this study was analyzed using the Pearson’s Product Moment Correlation analysis in order to determine the relationship between them and a simple linear regression analysis to establish the extent of relationship between them using statistical Package for Social Science (SPSS) version 2.3. The correlation statistic shows that the linkage between the independent and dependent variables was low to moderate that product-oriented innovativeness shows a moderate positive relationship with sales and employment growth, while the process-oriented innovativeness shows low positive relationship with firm size thus allowing for regression analysis.

Entrepreneurship and Innovation in ICT Companies

2014 ◽  
pp. 260-275
Author(s):  
Luísa Margarida Cagica Carvalho ◽  
Paulo Adelino Moreira Martins
Keyword(s):  
Economic Growth ◽  
Empirical Study ◽  
Open Economy ◽  
Positive Impact ◽  
Small Open Economy ◽  
Organizational Structures ◽  
Market Friction ◽  
Catalytic Role ◽  
Ict Companies

This chapter studies entrepreneurship and innovation in ICT companies. The study presents a literature review considering the particular features of ICT companies and proposes an empirical study applied to ICT companies in a small open economy. Empirical study using a relevant sample of ICT Portuguese companies allowed an interesting characterization of this sector in several strategic dimensions. Most ICT companies contribute to the Schumpeterian process of creative destruction, assuming a catalytic role in the creation of new companies (and industries) and in mortality of the less fit companies. In this way, promoting the revitalization and competitive selection with impact on organizational structures and obvious implications for employment, directly or indirectly, tends to save the market friction and contribute to the reduction of transaction and context costs, with a positive impact on productivity and economic growth.

scholarly journals Innovation Co-operation Impact on Operations of Small, Medium and Large (SML) Firms

2018 ◽  
Vol 2 (4) ◽  
pp. 4-15
Author(s):  
Mohammed Ndaliman Abubakar
Keyword(s):  
Open Innovation ◽  
Study Data ◽  
Descriptive Statistics ◽  
Survey Study ◽  
Service Firms ◽  
Model Estimation ◽  
Community Innovation Survey ◽  
Logic Regression ◽  
Innovation Activities ◽  
Almost All

Nowadays innovation co-operations have contributed to the success and improvement of firm businesses globally. This study sought to examine how innovation co-operation influences the activities of small, medium and large (SML) firms to become innovative and perform effectively. Using a dataset of a survey study based on Malaysian Innovation Survey (NIS) and European community innovation survey (CIS) reports, a total of 1178 firms cutting across small, medium and large (SML) companies for manufacturing and service firms were examined using an open innovation paradigm in practice to understand the extent of co-operation and collaboration in performing innovation activities. The study data were analysed using descriptive statistics and logic regression model estimation for ease of comprehension. The findings showed that almost all the companies survey were involved in performing one innovation or the other. Furthermore, it reveals that different partnership was sought for co-operation and collaboration in performing their innovations.

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