Micro-level determinants of innovation: analysis of the Nigerian manufacturing sector

Adeyeye, Adedamola David; Jegede, Oluseye Oladayo; Oluwadare, Adekemi J.; Aremu, Folake S.

doi:10.1080/2157930x.2015.1047110

Cited by 56 publications

(17 citation statements)

References 60 publications

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“…Other studies did not find evidence of this relationship (Adeyeye et al, 2016;Bhattacharya and Bloch, 2004;Schubert and Andersson, 2015). Bhattacharya and Bloch (2004) did not find evidence of the influence of sales growth on innovation in the case of Australian manufacturing SMEs in the 1997-1998 period.…”

Section: The Impact Of Firm Performance On Innovationmentioning

confidence: 86%

“…Similarly, Schubert and Andersson (2015), using data from three rounds of Swedish Community Innovation Survey in the period from 2004 to 2008, reported that sales growth has no impact on innovation. Adeyeye et al (2016), based on the data collected in the Nigerian Innovation Survey 2008, also suggested that firm turnover does not contribute to the innovative performance.…”

Section: The Impact Of Firm Performance On Innovationmentioning

confidence: 99%

“…The impact of firm performance on innovation has also been investigated as one of the popular determinants of firm innovation (Adeyeye et al, 2016;Bhattacharya and Bloch, 2004;Choi et al, 2012;Chuluun et al, 2017;Rogers, 2004;Schubert and Andersson, 2015). According to Mueller (1967), when a firm's sales rise, it will have more confidence and ability to invest in uncertain R&D projects; it will also have more patience to wait for the benefit that these projects may bring about.…”

Section: The Impact Of Firm Performance On Innovationmentioning

confidence: 99%

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Ownership feature and firm performance via corporate innovation performance

Nguyen

2018

JABES

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Purpose -The purpose of this paper is to investigate the simultaneous relationship among ownership concentration, innovation and firm performance of the small-and medium-sized enterprises (SMEs) in Vietnam during the 2011-2015. By employing a Conditional Mixed Process (CMP) model, the findings show that: there is no impact of ownership concentration on innovation, but it has a positive impact on sales growth; innovation positively affects firm performance; and there exists a positively reverse causality from sales growth to innovation. Design/methodology/approach -In this study, the authors propose the adaption of CMP model (Roodman, 2011). The nature of the first stage dependent variable -Innovationis a binary one while the dependent variable Performance is continuous. Therefore, a model that can adapt the binary nature of the dependent variable and perform the estimation of a system of equations such as CMP model is preferred. The CMP framework is substantially that of seemingly unrelated regression, but with application in a larger scope. This approach is based on a "simulated maximum likelihood method" suggested by Geweke-Hajivassiliou-Keane algorithm. Findings -By applying CMP method, this study examines the simultaneous relationship among ownership concentration, innovation and firm performance of the SMEs in Vietnam from 2011 to 2015. The findings indicate that: there is no impact of ownership concentration on innovation, but it has a positive impact on sales growth; innovation positively affects firm performance; and there exists a positively reverse causality from sales growth to innovation. Research limitations/implications -In spite of the efforts to explore the simultaneous relationship among ownership concentration, innovation and firm performance of the SMEs in Vietnam, the study still has some limitations which are promising further research directions. First, the SME surveys by Central Institute for Economic Management do not have much information about other types of ownership including state-owned and foreign ownership. Therefore, possible further studies with richer data sets may explore the impacts of different types of ownership on firm innovation and performance. Second, other types of innovation such as organizational innovation, marketing innovation can also be investigated in further studies in a richer data set for the case of Vietnam SMEs. Originality/value -The findings show that: there is no impact of ownership concentration on innovation, but it has a positive impact on sales growth; innovation positively affects firm performance; and there exists a positively reverse causality from sales growth to innovation. The policy implications insist on facilitating SMEs with easier access to capital via loans with preferred interest or trust loans without collateral, training programs for the labor force and SME leaders, and reduction of unnecessary administrative procedure.

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Section: The Impact Of Firm Performance On Innovationmentioning

confidence: 86%

Section: The Impact Of Firm Performance On Innovationmentioning

confidence: 99%

Section: The Impact Of Firm Performance On Innovationmentioning

confidence: 99%

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Ownership feature and firm performance via corporate innovation performance

Nguyen

2018

JABES

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“…Innovation and technology capacity of most firms in Nigeria is based on intermural R&D, acquisition of machinery and equipment, and high process-based innovation determined by in-house resources development, with low product and market innovation (Adeyeye et al, 2016). Empirical study conducted by Oluwatope et al (2016) provides two important explanations for the type of technology development activities in Nigeria manufacturing sector.…”

Section: Industrial Productionmentioning

confidence: 99%

“…NPCA (2014) shows that lack of internal financial resources for innovation and high costs of innovation are leading factors that hampers innovation among firms in Nigeria, and can have significant negative influence on firm overall performance (Lorenz, 2014;Egbetokun et al, 2016). Using data from Nigerian Innovation survey, Adeyeye et al (2016) showed that investment in machinery, R&D intervention, and market introduction have a positive influence on innovation activities in Nigeria, an indication that firms that have financial resources to purchase equipment and facilities are better off than firms unable to acquire or upgrade for competitive positioning.…”

Section: Financementioning

confidence: 99%

Systematic barriers to technology development in Nigeria: a literature review

Omobhude

Chen

2019

IJBCRM

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This paper conducts an intensive literature review on systematic barriers to technology development in Nigeria. The review suggests institutional challenges and instability that limits technology development and knowledge diffusion in Nigeria. In addition, the review reveals increasingly prominent role performed by intermediaries by providing technologies to firms within Nigeria. The findings of this article shows that systematic barriers to technology development in Nigeria includes: weak policy initiatives for technology development, poor technology outputs by firms, inadequate financial support, weak collaboration between universities, research institutes and firms. Factors such as state of infrastructure, absorptive capacities, cost of technology development activities and ineffective policies hinder technology development in Nigeria. This paper therefore suggests policy measures to facilitate interaction among actors and institutions to minimise infrastructural, financial and bureaucratic burdens and enhance absorptive capacity. The contribution of this paper can enable researchers re-conceptualise peculiarities of actor involved in technology development in Nigeria.

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Human Capital and Propensity to Protect Intellectual Properties as Innovation Output: the Case of Nigerian Manufacturing and Service Firms

Jibir

Abdu

2020

J Knowl Econ

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Micro-level determinants of innovation: analysis of the Nigerian manufacturing sector

Cited by 56 publications

References 60 publications

Ownership feature and firm performance via corporate innovation performance

Ownership feature and firm performance via corporate innovation performance

Systematic barriers to technology development in Nigeria: a literature review

Human Capital and Propensity to Protect Intellectual Properties as Innovation Output: the Case of Nigerian Manufacturing and Service Firms

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