Determinants of innovation capacity in medium-sized firms

Pertuz, Vanessa; Perez, Alain; Geizzelez-Luzardo, María

doi:10.1088/1742-6596/1126/1/012060

Cited by 3 publications

(3 citation statements)

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“…Furthermore, academic scholars have expanded their research on the determinants of innovation. For instance, Pertuz et al, (2018) argue that organizational structures, work climate, development of knowledge, and well-being of human resources are some of the factors that determine the innovation capacity of medium-sized rms. Additionally, Restrepo-Morales et al,(2019) identi ed R&D activities and alliances as the determinants of innovativeness of SMEs in Colombia.…”

Section: Determinants Of Innovationmentioning

confidence: 99%

The Determinants of Innovation Performance; An Income Based Cross-Country Comparative Analysis Using Global Innovation Index(GII)

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Wachira

Sándor

2021

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Purpose: - Despite the dearth of research on innovation performance, the key determinants of innovation performance are still blurred. Besides, comparative research on the determinants of innovation performance among countries at different income levels: high-income, upper-middle-income, lower-middle-income, and low-income, is not common. This study is, therefore, aimed to bridge this research gap by considering the innovation performance of 63 countries. Methodology: - Participating countries were purposefully selected from the Global Innovation Index (GII) dataset. Multistage analyses were conducted: first, a linear regression was run to identify the most decisive pillars; then, stepwise regression was applied to identify the best predicting model of innovation performance; thirdly, to examine the variation in innovation performance and figure out key determinants in each country groups, the ANOVA analysis was done.Results: - Human capital and research, infrastructure, and business sophistication are the key pillars determining innovation performance in general. The best predicting variables are innovation linkage & knowledge absorption (both pertaining to business sophistication), R&D and infrastructure (inculcating both physical and digital). The human capital that promotes R&D activities is the biggest bottleneck hampering promotion of innovation in the countries and firms at lower-middle income category, whereas innovation linkage in a high-income category and both human capital that promotes R&D activities and innovation linkage in an upper-middle income category. Hence, countries and firms in these income categories should give priorities accordingly to these decisive bottlenecks hindering the innovation performance.Implication: - The result implies that country's economic growth can be defined by the level of innovation performance and the challenges of innovation vary as per the countries’ development stage. Accordingly, bottleneck factors need to be identified & addressed properly in a policy direction first at firm level and then at country level.Originality/Value: - The study claims to have extended the horizon of understanding on determinants of innovation across countries and revealed the most crucial factors in each category of countries. Further empirical comparative research can be done by stratifying firms as SMEs and Large firms in each category of countries.

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Section: Determinants Of Innovationmentioning

confidence: 99%

The Determinants of Innovation Performance; An Income Based Cross-Country Comparative Analysis Using Global Innovation Index(GII)

Bate

Wachira

Sándor

2021

Preprint

View full text Add to dashboard Cite

show abstract

“…Furthermore, academic scholars expand their research on the determinants of innovation. For instance, Pertuz et. al.…”

Section: Determinants Of Innovationmentioning

confidence: 99%

The determinants of innovation performance: an income-based cross-country comparative analysis using the Global Innovation Index (GII)

2023

View full text Add to dashboard Cite

Despite the dearth of research on innovation, the key determinants of innovation performance still need to be clarified. Besides, a comparative analysis of the determinants of innovation performance across countries at different income levels has yet to be found. This study, therefore, aims to bridge this research gap by considering the innovation performance of 63 countries. Participating countries were purposefully selected from the Global Innovation Index (GII) dataset. Multistage and multimodal analyses were conducted, including multiple linear regressions, hierarchical regression, and ANOVA, to examine the variation in innovation performance and pinpoint critical determinants in each category of countries. The result reveals that human capital, research, infrastructure, and business sophistication are the key pillars determining countries’ innovation performance. In a variable-level analysis, innovation linkage and knowledge absorption (both of business sophistication), research and development (R&D), and infrastructure (inculcating both physical and digital) are the best predicting variables. The shortage of human capital to promote R&D is the biggest bottleneck hampering innovation in the lower-middle-income category. Also, both human capital for R&D activities and innovation linkage equally affect the upper-middle-income, and the latter one, innovation linkage, remains the main challenge even for the high-income category. The study implies that innovation performance predicts a country’s economic growth. The level of innovation performance and the determinants of innovation vary per the countries’ income levels. Accordingly, countries and firms in various income categories should prioritize tackling their respective bottlenecks hindering innovation performance in their policy directions. The study claims to have extended the horizon of understanding determinants of innovation across countries and revealed the most crucial factors in each category of countries. Further empirical comparative research can be done by incorporating an informal institution, national culture, as an additional determinant and specifying sectors across income categories.

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“…In response to the crisis caused by the COVID-19 pandemic, a number of enterprises were forced to seek innovative solutions in order to adapt to the new environment (Clauss et al, 2022). It is worth noting that analyses regarding the impact of multiple factors on an organisation's innovation capacity are complicated due to the dynamics of their change (Pertuz et al, 2018). Therefore, the assessment of innovation potential and the factors determining its growth is an important issue for researchers and entrepreneurs.…”

Section: Introductionmentioning

confidence: 99%

Untitled

2023

SPSUTOM

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The changing market conditions in which an economic entity operates requires its executives to choose management support tools, in particular in the area of locating the company's "bottlenecks". The knowledge of the financial situation of an economic entity becomes indispensable in making decisions at both operational and strategic levels. The aim of the article was to indicate that finance management is one of the most important areas in both current and long-term management of the company's operations in a turbulent environment. Design/methodology/approach: CD PROJEKT Group operating on the global video game market, which is one of the most dynamic sectors of the world economy, was selected for research through purposive sampling. The solutions were developed on the basis of the following research methods: analysis of the literature on the subject, case study, analysis of documents. The financial analysis was conducted on the basis of the inductive inference method, consisting in the examination of the details in the first order, followed by generalizing them in the form of conclusions, synthetic assessment and diagnosis. Trend analysis was used to estimate the likelihood of improvement or deterioration of the financial situation. The temporal scope of the research covered in the period of 2017-2021. During the analytical procedure, selected detailed methods were used, which depended on the issues under consideration as well as problems: balance sheet method, comparative method, indicator method, descriptive methods supported by tables and graphs. Findings: The study confirmed that a turbulent environment has a direct impact on the management, functioning and financial performance of the company. Originality/value: The value of the article is in the analysis of the financial situation of CD PROJEKT Group over the five years and indication of the impact of the turbulent environment on the company's operations. The article is addressed to executive staff in order to make them realize the necessity of conducting ongoing financial analysis in order to locate weak areas of activity and properly adjust the strategy to the capabilities and objectives of the company.

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Determinants of innovation capacity in medium-sized firms

Cited by 3 publications

References 24 publications

The Determinants of Innovation Performance; An Income Based Cross-Country Comparative Analysis Using Global Innovation Index(GII)

The Determinants of Innovation Performance; An Income Based Cross-Country Comparative Analysis Using Global Innovation Index(GII)

The determinants of innovation performance: an income-based cross-country comparative analysis using the Global Innovation Index (GII)

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