Optimizing effects of firms’ technological and non-technological processes on export-led innovation

Adewumi, Olugbenga Michael; Lien, Gudbrand; Mydland, Ørjan

doi:10.1080/10438599.2023.2224736

Cited by 2 publications

(1 citation statement)

References 40 publications

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“…Therefore, it is necessary to better understand the advantages of each strategic approach and its significance to innovation performance. Adewumi et al (2023) evaluated the optimization effect of innovation methods on export‐oriented innovation. The results show that when export‐oriented innovation leads to the innovation of an excellent enterprise, it will be optimized through innovative methods‐technology (STI) and non‐technology (DUI) processes.…”

Section: Literature and Hypothesismentioning

confidence: 99%

The impact of financing efficiency in defense industry base on non‐technological innovation: Evidence from China

Zhu,

Chen,

Chang

et al. 2024

Manage Decis Econ

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The innovation of defense industry base requires not only technological progress but also scientific organization and management and reasonable business model. Based on the data of A‐share listed companies related to defense industry base in China from 2013 to 2021, this paper employs panel‐probit model with instrumental variable to empirically test the relationship and influence mechanism of financing efficiency on non‐technological innovation. It is found that the financing efficiency of the defense industry base has a significantly positive effect on organizational innovation and market innovation, which is more prominent in state‐owned enterprises and military enterprises. The influence mechanism is mainly to improve information symmetry and reduce agency costs. Internally, the defense industry base should strengthen the management of financing and innovation activities; from the external point of view, the government needs to improve the construction of capital market, and financial institutions need to play the role of professional institutional investors and external supervisors, which is conducive to improving the non‐technical innovation ability of defense industry base.

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Section: Literature and Hypothesismentioning

confidence: 99%

The impact of financing efficiency in defense industry base on non‐technological innovation: Evidence from China

Zhu,

Chen,

Chang

et al. 2024

Manage Decis Econ

View full text Add to dashboard Cite

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Dynamic Analysis of Innovation — Profitability Nexus in Service Firms: An Outlook of a Small Service Economy

ADEWUMI

2024

Int. J. Innov. Mgt.

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Research suggests that while firms may make substantial investments in innovation to increase returns, they can still encounter unpredictable results that lead to financial setbacks. As the reason for this perception fuels an ongoing investigation, this research contributes to the discussion for improved understanding. Specifically, it investigates 1,847 Norwegian service firms using the Generalised Method of Moments (GMM) system estimators of dynamic panel data models. Its empirical findings indicate that innovation has an immediate and strong positive impact on profitability. Moreover, innovation impacts service firms with a negative short-term lag profit effect and a positive profit effect in the medium term. However, the medium-term positive impact of innovation on profitability is lower in magnitude than the immediate term. Suggesting that the lasting profit effects induced by innovation may be constrained, and continuous innovation management is essential to sustaining these benefits over time. Additionally, the analysis reveals a positive correlation between past and current profitability values. Suggesting an interesting dynamic: financial gains can act as a catalyst for further innovation.

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Optimizing effects of firms’ technological and non-technological processes on export-led innovation

Cited by 2 publications

References 40 publications

The impact of financing efficiency in defense industry base on non‐technological innovation: Evidence from China

The impact of financing efficiency in defense industry base on non‐technological innovation: Evidence from China

Dynamic Analysis of Innovation — Profitability Nexus in Service Firms: An Outlook of a Small Service Economy

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