The role of firm innovativeness in the time of Covid-19 crisis: Evidence from Chinese manufacturing firms

Ali, Haji Suleman

doi:10.1080/19761597.2021.1976063

Cited by 10 publications

(5 citation statements)

References 68 publications

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“…Therefore, we cannot empirically arrive at a conclusion that the pandemic has pulled down the innovation output of the knowledge-creating Indian manufacturing firms. It supports the findings of Ali (2022), who concludes that innovative firms successfully withstand the negative consequences of the pandemic.…”

Section: Catalyst Of Innovationsupporting

confidence: 83%

Do firms’ performance act as a catalyst of innovation: empirical evidence from innovative Indian manufacturing firms

Chetia,

Behera

2024

IGDR

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Purpose This paper aims to explore whether firms’ performance determines innovation using a sample of Indian manufacturing firms. The impact of innovation on firms’ performance across specific countries has been discussed in the literature. However, the effect of firms’ performance on innovation output, especially for a developing country like India, remains an open question. Against this backdrop, this paper investigates whether firms’ performance determines innovation in Indian manufacturing firms. Design/methodology/approach The authors use patent filing information to instrument innovation and total factor productivity to instrument firms’ performance. The patent data are collected from the Patent Search and Analysis Software database and firm-level data from the Centre for Monitoring Indian Economy’s Prowess database. The study uses a sample of 309 Indian manufacturing firms from 2005 to 2021. Given the count nature of the data set used in this study coupled with over-dispersion issues, the authors have used the negative binomial regression to estimate the empirical specification of the models. There could be a possible problem of endogeneity due to the contemporary nature of innovation and firms’ performance. Therefore, to address the possible issues of endogeneity in the model, the authors have used the Generalized Method of Moments (GMM) estimators for more robustness checks of the empirical results. Findings The empirical results exhibit a positive and significant impact of firms’ performance on the innovation output, validating that firms’ performance determines innovation in Indian manufacturing firms. The posterior estimation results using GMM estimation also corroborate that firms’ productivity is a determining factor for the innovation output of Indian manufacturing firms. Furthermore, empirical results exhibit that the ex ante innovativeness of the firms substantially affects the current innovation. This validates that the firms’ prior experience, learning by doing and past innovative efforts are more likely to precipitate more innovation in the current period. Originality/value This paper’s main contribution is empirically estimating whether firms’ performance determines innovation, which is hardly discussed in the existing innovation literature, specifically using Indian manufacturing industries. Further, it adds to the existing literature in two other prominent ways. First, this paper investigates whether firms require ex ante expertise to innovate or if a firm starting from scratch can innovate significantly without any hindrances. Second, it enriches the literature by instrumenting innovation in output terms with the patent application against input measures of innovation, such as research and development expenditures, acquisition of machinery and equipment, while discussing the relationship between firms’ performance and innovation, specifically in the context of a developing economy like India.

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Section: Catalyst Of Innovationsupporting

confidence: 83%

Do firms’ performance act as a catalyst of innovation: empirical evidence from innovative Indian manufacturing firms

Chetia,

Behera

2024

IGDR

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“…Legislators can also encourage sustainable practices in the manufacturing sector by establishing regulations and financial incentives that encourage businesses to lessen their environmental effect and uphold social responsibility (Ali, 2022). Governments can enact legislation requiring the pricing of carbon or offer tax advantages to businesses that employ sustainable business methods, which can help to persuade manufacturers to adopt more environmentally friendly procedures (Bai et al, 2021).…”

Section: Implications For Businesses and Policymakersmentioning

confidence: 99%

Post-Covid Trends in Manufacturing Sector and Its Implications for Businesses and Policymakers

Palaniappana

2024

J. Eng., Manag. Inf. Technol.

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The post-COVID changes in the manufacturing sector are examined in this overview along with its commercial and policy-related ramifications. The manufacturing industry has been significantly impacted by the COVID-19 epidemic, which has resulted in supply chain interruptions, a workforce shortage, and decreased consumer demand. The manufacturing industry is currently dealing with a fresh set of issues and trends that will probably influence its future as the world starts to recover from the pandemic. Some of these issues include reshoring, automation, digitalization, and sustainability initiatives. The post-COVID tendencies in the manufacturing sector highlight the importance of adaptability, innovation, and flexibility in the face of changing market conditions. Organizations have the opportunity to improve operations, reduce costs, and boost competitiveness thanks to these trends. Governments now have the chance to promote domestic production, develop technical innovation, and improve the sustainability of the industry.

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“…Innovation is crucial to a firm's emerging survival strategy in the dynamic character of most marketplaces, where there is an intense rivalry among firms. In times of turbulent and unpredictive conditions, like crises, Ali (2021) conveys that a firm's innovativeness could aid firms to reduce the detrimental financial effects due to COVID-19, increasing their likelihood of survival. Reflecting an important means by which firms promote innovativeness, firms are likely employing an appropriate strategy through analysis of the external information (Dibrell et al, 2014).…”

Section: Innovativenessmentioning

confidence: 99%

The role of talent development on business performance in Islamic rural banks

Nurfadilah

Samidi²,

Daryanto³

2022

Front. Educ.

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The objective of this study is to investigate talent development as a driver for strategic flexibility, digital readiness, and innovativeness and how these affect the business performance. This study used a quantitative approach using surveys from 391 managers and directors of Islamic rural banks in Indonesia, then the data were analyzed using structural equation modelling - partial least square (SEM-PLS). The results show that talent development has positive effects on innovativeness, strategic flexibility, and digital readiness. Moreover, strategic flexibility has positive mediating variables between digital readiness and innovativeness which also lead to business performance. This study provides contribution to the literature by integrating the digital readiness, strategic flexibility and innovativeness toward financial and non-financial performance. It also offers managerial implication that talent development drives those correlations.

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The role of firm innovativeness in the time of Covid-19 crisis: Evidence from Chinese manufacturing firms

Cited by 10 publications

References 68 publications

Do firms’ performance act as a catalyst of innovation: empirical evidence from innovative Indian manufacturing firms

Do firms’ performance act as a catalyst of innovation: empirical evidence from innovative Indian manufacturing firms

Post-Covid Trends in Manufacturing Sector and Its Implications for Businesses and Policymakers

The role of talent development on business performance in Islamic rural banks

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