2021
DOI: 10.15181/rfds.v11i3.608
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Innovation and Company Value: Evidence From the Baltic Countries

Abstract: Innovation is the basis for competitiveness. At the same time, the primary objective of the manager is stockholder wealth maximization, therefore it is essential to study the relationship between innovation and value. The aim of the study is to evaluate the impact of innovation on company value. The research covered Baltic listed companies for the period of 2005−2011. The study finds that innovative companies have a higher value and they are bigger. Within innovative companies it was observed that higher compa… Show more

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Cited by 9 publications
(10 citation statements)
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“…Furthermore, it should be noted that the business enterprise sector has been the main contributor to R&D activities in the EU. This vision is confirmed by Berzkalne and Zelgalve (2012) and Hana (2013) that establish the importance of R&D investments in the competitiveness of companies through the creation of new products, services, or processes. Secondly, it is also necessary to obtain data on the quality of work by considering the following three dimensions:…”
Section: Datamentioning
confidence: 82%
“…Furthermore, it should be noted that the business enterprise sector has been the main contributor to R&D activities in the EU. This vision is confirmed by Berzkalne and Zelgalve (2012) and Hana (2013) that establish the importance of R&D investments in the competitiveness of companies through the creation of new products, services, or processes. Secondly, it is also necessary to obtain data on the quality of work by considering the following three dimensions:…”
Section: Datamentioning
confidence: 82%
“…Hahn et al state that company longevity plays a key role in the sustainable development of a country's economy because the company's performance represents a productive economic resource. Growth at the company level determines the national-level economic growth of a country [7][8][9].…”
Section: Traditional Industry 112mentioning
confidence: 99%
“…resource. Growth at the company level determines the national-level economic gr a country [7][8][9].…”
Section: Theory Linkage Of Csl and Operational Resiliencementioning
confidence: 99%
“…Dependent variables measured by Q Ratio are a more specific measure of management's effectiveness in utilizing the company's economic resources. Berzkalne & Zelgalve (2018) shows that Q Ratio can be applied to each company. The research question found that some companies can maintain a Q Ratio more significant than 1 (one).…”
Section: Dependent Variablesmentioning
confidence: 99%
“…Management could strengthen the firm value to support corporate governance. The firm value is the value that investors use to measure the company's level of interest reflected in the share price (Berzkalne & Zelgalve, 2018;and Anggarwal & Padhan, 2017).…”
Section: Introductionmentioning
confidence: 99%