Did the global financial crisis impact firms' innovation performance? The role of internal and external knowledge capabilities in high and low tech industries

Abstract

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What drives business failure? Exploring the role of internal and external knowledge capabilities during the global financial crisis

“…However, evidence show that firms are able to cope better during recession periods by having invested in R&D activities (Zouaghi et al 2018). Archibugi et al 2013, in their analysis of three waves of the UK Community Innovation Survey (CIS), find that the lack of internal financial resources hampered innovation during the economic crisis;…”

“…Second, the paper examines how dynamic capabilities enable firms to avoid the risk of failure during economic downturns. These capabilities encompass activities through which managers continuously configure assets into viable resource combinations (Fainshmidt et al, 2017), and are likely to influence the incidence of business failure during the global financial crisis (Ahn et al 2018;Zouaghi et al 2018).…”

Are High-Tech Companies More Competitive Than Others? An Empirical Study of Innovative and Exporting French SMEs

“…Previous works in this field support this theoretical vision, showing, for example, that low-tech sectors do not lack opportunities for innovation, but these opportunities often take a different form than those in the hightech sectors (Haudeville & Bas, 2016). Moreover, highand low-tech industries require different types of innovation resources (Zouaghi et al, 2018 (Kirner et al, 2009). Research by Reichert and colleagues (2016) highlights that innovation occurs and is important not only for industries active at the technological frontier, but also for low-technology industries.…”

Analyzing the Global Risks for the Financial Crisis after the Great Depression Using Comparative Hybrid Hesitant Fuzzy Decision-Making Models: Policy Recommendations for Sustainable Economic Growth

“…Additionally, Ramcharan et al [32] underlined that financial crises have a negative effect on consumer credit supply. Additionally, Zouaghi et al [33] identified that financial crises decrease the innovation performance of the companies. Similarly, Malik and Ghosh [34] emphasized that the financial crisis has a negative influence on the economic growth of countries.…”