Innovation investment and economic performance in transition economies: Evidence from Slovenia

Likar, Borut; Kopač, Janez; Fatur, Peter

doi:10.5172/impp.2014.16.1.53

Cited by 22 publications

(26 citation statements)

References 17 publications

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“…The largest frequency (0.875%) indices in the adaptability system of CEIC were IICA 1 , IICA 2 , CICA 1 and IEGS 2 . Table 11 also shows that the major influencing factors (0.875%) for CEIC mainly focus on (a) investment, especially R&D expenditure and the proportion of highly educated employees [103]; (b) innovation and change, especially the impact of new service or innovation activities on the market [78]; (c) government support, for example, large program support and taxation exemptions for application of certain innovation technologies [3,56,60,[104][105][106].…”

Section: Response With Major Influencing Factorsmentioning

confidence: 99%

A New Systematic Approach to Vulnerability Assessment of Innovation Capability of Construction Enterprises

et al. 2015

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Abstract:The purpose of this research is to study the vulnerability of construction enterprises' innovation capabilities (CEIC) and their respective primary influencing factors. This paper proposed a vulnerability system framework of CEIC, designed two comprehensive assessments for analysis, namely the entropy and set pair analysis method (E-SPA) and the principle cluster analysis and SPA method (P-SPA), and compared grades to verify the vulnerability assessments. Further, the paper quantitatively assessed the major influencing factors in facilitating management, reducing vulnerability, and improving the ability of construction enterprises to respond to changes in the construction industry. The results showed that vulnerability could be effectively and systematically evaluated using E-SPA. However, managing or reducing entrepreneurial sensitivity and improving the ability to respond was critical to supporting sustainable CEIC. The case studies included in this paper suggested that in ensuring sustainable CEIC, companies should concentrate on highly educated human resources, R&D investments, intellectual property related innovations, and government support. This research provided a practical framework and established a sustainable strategy for companies to manage their vulnerability in developing innovation capability. In addition, this research presented an innovative and effective way to quantitatively analyze vulnerability which offered a foundation to signify a new paradigm shift in construction sustainable development.

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Section: Response With Major Influencing Factorsmentioning

confidence: 99%

A New Systematic Approach to Vulnerability Assessment of Innovation Capability of Construction Enterprises

et al. 2015

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“…Research indicates that organisational performance is influenced by innovation (Durán-Vázquez, Lorenzo-Valdés & Moreno-Quezada 2012; Likar, Kopa & Fatur 2014;Nybakk & Jenssen 2012;Oke, Walumbwa & Myers 2012;Yen 2013). Undertaking research on these constructs is important to organisations as managers should be aware of the impact of different variables on organisational performance in order to manage them in an effective manner (Bigliardi 2013;Ndregjoni & Elmazi 2012).…”

Section: Introductionmentioning

confidence: 99%

Innovation and organisational performance: A critical review of the instruments used to measure organisational performance

Sethibe

Steyn

2016

SAJESBM

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Background: Innovation is recognised as one of the most important determinant of organisational performance. Yet, the results of studies that investigate the relationship between innovation and organisational performance are inconclusive. The inconsistency has been attributed to a number of factors, which include, among others, the measures used to evaluate organisational performance.Aim: This study was set out to identify, categorise and critically analyse the instruments used to assess organisational performance when investigating the relationship between innovation and organisational performance.Setting: The study focuses on all scientific publications reporting on organisational performance, inclusive of both financial and non-financial indicators of performance, and are not limited to any specific country or industry.Methods: The systematic literature review methodology was used to identify studies which investigated the relationship between innovation and organisational performance. Once identified, articles were analysed on the way organisational performance was measured. Classification was done with reference to financial and non-financial indicators, accounting and market-based, as well as objective and subjective measures.Results: The findings show that profitability, sales growth and return on assets (ROA) are the most preferred accounting-based financial measures of organisation performance. In addition, Tobin’s Q was found to be the most favoured market-based financial measure of organisational performance. The study further reveals that market share, customer satisfaction and productivity are the most popular non-financial-based measures of organisational performance.Conclusion: The use of measures of organisational performance is often left to the discussion of the researcher, which is not implicitly wrong, but does little to contribute to the body of knowledge on this important topic. Researchers are firstly urged to clearly define which aspects of organisational performance they intend to study, secondly to use established instruments or often used indicators of organisational performance, and thirdly to combine both objective and subjective measures of organisational performance. This would allow for researchers to build on the work of other and strengthen the body of knowledge in this area.

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“…Por un lado, futuros trabajos deben superar las limitaciones de éste. En concreto, creemos de gran interés plantear estudios longitudinales que permitan capturar el efecto en el tiempo de la inversión en ACTI en las ventas como lo propone Likar et al (2014). Por otro lado, sería necesario explorar otras relaciones planteadas en la literatura, referidas al efecto moderador de diversas variables en la relación inversión en ACTI y desempeño de la innovación: la orientación de la innovación, esto es si están orientadas al mercado nacional o internacional o si el énfasis de la innovación esta en bienes y servicios nuevos o bienes y servicios mejorados, en línea con lo propuesto por (Likar et al, 2014); el tipo de empresa (manufacturera o de servicios) (Ehie y Olibe, 2010); la fuente de financiación de la inversión, autores como Liu y Chen (2010), han encontrado que los efectos de la inversión en ACTI en el desempeño de la innovación pueden variar dependiendo de la fuente de financiación.…”

Section: Discussionunclassified

“…Lööf et al (2001) en su estudio comparativo entre tres países nórdicos: Finlandia, Noruega y Suecia, sólo encuentra relación significativa entre inversión y ventas innovadoras por empleado en su muestra de Suecia, pero en Finlandia y Noruega no se encontró una relación significativa. Publicaciones recientes como las de Fatur y Likar (2010) no encuentran relación entre inversión y ventas innovadoras en una muestra de empresas de Estonia cuando la analizan a nivel general, sin embargo, en un estudio posterior de Likar y sus colegas (Likar et al, 2014) al segmentar la muestra entre empresas pioneras y seguidoras si encuentran relación entre las dos variables para el caso de las empresas pioneras. Por su parte, Gutiérrez y Palacios (2015), al analizar el impacto de la innovación en el crecimiento de las ventas en una muestra de empresas manufactureras Mexicanas encontró que la propensión empresarial hacia la investigación y el desarrollo no es una variable significativa en el crecimiento de las ventas.…”

Section: Tabla1: Gasto En Investigación Y Desarrollo (% Del Pib) Losunclassified

“…Sin embargo, nótese que una buena parte de estudios revisados analizan la incidencia del esfuerzo innovador en indicadores globales como valor de mercado (Ehie y Olibe, 2010); rentabilidad (Lim et al, 2010), ventas totales (Coad y Rao, 2008;García-Manjón y Romero-Merino, 2010;Liu y Chen, 2010;Gutiérrez y Palacios, 2015) y muy pocos se centran en evaluar la incidencia de la inversión en innovación en las ventas innovadoras (proporción de ventas innovadoras en las ventas totales) (Kemp et al, 2003;Benavente, 2005;Fatur y Likar, 2010). De otro lado, obsérvese que algunos estudios que no han encontrado relación entre inversión y desempeño de la innovación, han segmentado la muestra (Likar et al, 2014) o se han concentrado en un grupo específico de empresas como es el caso de Sridhar et al (2013) quien se enfoca en empresas de sectores de alta tecnología.…”

Section: Tabla1: Gasto En Investigación Y Desarrollo (% Del Pib) Losunclassified

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Incidencia de la Inversión en Innovación en las Ventas de Productos Innovadores. Evidencia Empírica en Empresas Manufactureras de Colombia

Córdoba-Vega

Valencia

2017

Inf. tecnol.

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* Autor a quien debe ser dirigida la correspondencia.Recibido Jun. 30, 2016; Aceptado Sep. 5, 2016; Versión final Nov. 6, 2016, Publicado Abr. 2017 Resumen El objetivo de este estudio es analizar la incidencia de la inversión en innovación sobre las ventas de productos innovadores, a partir de la información de la Encuesta de Innovación y Desarrollo Tecnológico EDIT 2014-Colombia. En general se considera que las empresas que realizan inversión en innovación, logran mejor desempeño, vía la generación de nuevos y mejorados productos y procesos. Sin embargo, la evidencia empírica no siempre permite capturar el resultado directo y tangible de esta inversión en el desempeño, porque en muy pocos trabajos se evalúa de forma directa su efecto. La relación se contrasta a través de un modelo de regresión lineal. Los resultados muestran que si bien existe efecto de la inversión en innovación en las ventas de productos innovadores, este efecto no es muy significativo. Sin embargo, al segmentar los datos por tamaño, este efecto se hace altamente significativo para el caso de las empresas de tamaño mediano. Palabras clave: inversión en innovación; actividades de I+D; ventas de productos innovadores; desempeño de la innovación Impact of Innovation Investment on the Sale of Innovative Products. Empirical Evidence in Manufacturing Firms of Colombia AbstractThe aim of this study is to analyze the impact of innovation investment on the sales of innovative products, using the information of the Manufacturing Innovation Survey, EDIT 2014-Colombia. In general terms, it is considered that firms with investment in innovation, reach better performance, by generating new and improved productive processes. However, the empiric evidence, not always allow obtaining a direct and tangible effect of this investment on performance, due to the lack of studies directly assessing this effect. The relationship was contrasted through a linear regression model. The results showed that although an effect of innovation investment on sales of innovative products exists, this effect is not highly significant. However, when data are segmented by company size, this effect becomes highly significant for the medium size firms.

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Innovation investment and economic performance in transition economies: Evidence from Slovenia

Cited by 22 publications

References 17 publications

A New Systematic Approach to Vulnerability Assessment of Innovation Capability of Construction Enterprises

A New Systematic Approach to Vulnerability Assessment of Innovation Capability of Construction Enterprises

Innovation and organisational performance: A critical review of the instruments used to measure organisational performance

Incidencia de la Inversión en Innovación en las Ventas de Productos Innovadores. Evidencia Empírica en Empresas Manufactureras de Colombia

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