2011
DOI: 10.1504/ijmed.2011.041545
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Innovation and the performance of Portuguese businesses: a 'SURE' approach

Abstract: Abstract:There is a general consensus that in a competitive business environment, firms' performance will depend on their capacity to innovate. To clarifying how, when and to what extent innovation affects the market and financial performance of firms, the authors deploy seemingly unrelated regression equation model to examine innovation in over 500 Portuguese firms from 1998 to 2004. The results confirm, as theorists have frequently assumed, that innovation positively affects firms' performance; but they also… Show more

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Cited by 15 publications
(6 citation statements)
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“…Johne and Davies 2000;Marques et al 2011;Hatzikian 2013;Hashi and Stojčić 2013), indicating that the most innovative companies place more emphasis on management techniques. This allows them to reach higher levels of performance (e.g.…”
Section: Effects Of Skm In Performance -Directly and Via Innovationmentioning
confidence: 99%
“…Johne and Davies 2000;Marques et al 2011;Hatzikian 2013;Hashi and Stojčić 2013), indicating that the most innovative companies place more emphasis on management techniques. This allows them to reach higher levels of performance (e.g.…”
Section: Effects Of Skm In Performance -Directly and Via Innovationmentioning
confidence: 99%
“…Afuah (1998) defined innovation as the "use of new technical and administrative knowledge to offer a new product or service to customers. Schumpeter (1934) sees innovation as the driving force for development Marques et al (2011) stated: "that encouraging firms to innovate will lead to a better economic performance of firms in terms of market and financial performance." This means that innovation could be what actually makes the difference between the firms' progress, implying that successful innovation activities by firms are expected to bring a successful innovative product that will result in to increase in the financial performance of a firm.…”
Section: Introductionmentioning
confidence: 99%
“…With the uncertainty and high volatility in global financial markets whether in developed or emerging markets, the use of financial derivatives contracts by banks has increased. Thus, the impact of globalisation on the banking system may be positive or negative, some authors believe that financial liberalisation innovations affect positively firm's performance (Marques et al, 2011), and reinforce financial sector development which in turn will enhance economic growth and increases competition which lead banks to diversify their activities, while others join issue with the negative effect of liberalisation by arguing that it induces risk-taking behaviour and many cause banking crises concluding that banks are much more likely to fail in liberalised regime than under financial repression (Bucur, 2012). However, commercial banks are working on innovative ways to achieve profits instead of the traditional methods, and hedging of many types of risks such as credit, liquidity, systemic and interest rates risks.…”
Section: Introductionmentioning
confidence: 99%