Does innovative effort matter for corporate performance in Spanish companies in a context of financial crisis? A fuzzy-set QCA approach

González-Velasco, Carmen; González-Fernández, Marcos; Fanjul-Suárez, José-Luis

doi:10.1007/s00181-017-1407-2

Cited by 9 publications

(8 citation statements)

References 56 publications

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“…The findings are in accordance with Platt and Platt (1994) who documented a significant impact of employees on corporate performance. Solution C4 indicates that joint‐stock firms can combine employees, the export rate, and liquidity to achieve better performance, similar to González‐Velasco et al (2017), who concluded that healthy companies appreciate high liquidity to deliver high performance. Regarding the comparison of companies in models C5 and C6, the fsQCA results show different configurations that highlight the importance of the firm's age.…”

Section: Results and Analysismentioning

confidence: 52%

“…This study contributes methodologically to investigate the factors affecting firm performance by testing the hypotheses using qualitative comparative analysis, namely, fsQCA (Ragin, 2006). Few empirical studies have used fsQCA to examine complexity theory in the field of finance (González‐Velasco, González‐Fernández, & Fanjul‐Suárez, 2017; Graham, Lassala, & Ribeiro‐Navarrete, 2018; Vizcaíno‐González, Pineiro‐Chousa, & Sáinz‐González, 2017). FsQCA is the reasoning of fuzzy set combinations of breakaway variables, and it employs a Boolean system instead of the traditional methods to maturate causal conditions related to a primary outcome (Ragin, 2008; Ragin & Fiss, 2008).…”

Section: Empirical Methods and Datamentioning

confidence: 99%

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Firm financial performance during the financial crisis: A French case study

Jabeur

Mefteh‐Wali

2020

Int. J Fin Econ

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This study investigates the effect of the 2008 financial crisis on the corporate performance of 805 French firms over the period of 2007–2009. This research uses both ordinary least squares (OLS) and fuzzy set qualitative comparative analysis (fsQCA) to estimate this relationship. The OLS results show no impact of the regional gross domestic product per capita on profitability, whereas the fsQCA suggests several paths for corporate performance. The study offers two principal contributions. Firstly, it takes into account region specificities to assess the impact of the financial crisis on firm performance. Secondly, the study combines an innovative analytical approach, fsQCA, with multivariate regression analysis to analyse firm performance.

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Section: Results and Analysismentioning

confidence: 52%

Section: Empirical Methods and Datamentioning

confidence: 99%

Firm financial performance during the financial crisis: A French case study

Jabeur

Mefteh‐Wali

2020

Int. J Fin Econ

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“…The findings revealed that the economic impact had a small positive and significant effect on the corporate performance of SMEs in this region. These results allow us to infer that these companies, through the competitive behavior and business capacities of their managers, have managed to maintain a balanced financial health (level of debt, liquidity, and economic solvency), managing to cover operating expenses and costs [135,136]. These strategies have allowed the SMEs to invest in innovative actions (improvement in products, processes, and management) to strengthen their marketing processes through new sales channels, such as the use of digital platforms and social networks, actions that have allowed them to keep current customers and reach new customers in order to increase their sales and financial performance [22,61,87].…”

Section: Discussionmentioning

confidence: 99%

Innovative Business Strategies in the Face of COVID-19: An Approach to Open Innovation of SMEs in the Sonora Region of Mexico

Valdez-Juárez

Castillo-Vergara

Ramos-Escobar

2022

Journal of Open Innovation: Technology, Market, and Complexity

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The purpose of this study is to analyze and verify the effects of the business strategy (financial and market) and innovation management exerted on the economic indicators and business performances of SMEs in the south-central region of Sonora in Mexico. The effect of electronic commerce and the home office in the management of innovation and corporate performance is also analyzed. In addition, a multigroup analysis was carried out to check if there are significant differences between family and non-family businesses. The sample analyzed comprises 498 SMEs with between 6 and 250 employees in the commerce sector. To collect the information, a questionnaire was developed and applied to the online SME manager through the LimeSurvey Professional platform. The field work was carried out from February to October 2021. PLS-SEM was used for the data analysis. The results report that the business strategy (financial and market) does not have significant effects on the management of innovation and on the economic indicators of SMEs. On the other hand, innovation management has positive and significant effects on the economic indicators and business performance of SMEs. It is also revealed that economic indicators have a positive and significant effect on business performance. Open innovation strategies such as electronic commerce have positive and significant effects on innovation management and corporate performance. Similarly, the home office has significant effects on innovation management. Finally, unknown SMEs were found to be the best performers in innovation management and business performance. The study contributes to the development of the theory of competitive behavior and the theory of resources and capabilities.

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“…A configurational perspective highlights causal complexity (Woodside, 2017; Misangyi et al , 2017). It goes beyond applications of regression analyses (Woodside, 2017) and commonly implies: conjunction – rarely a behavioural outcome has a single cause; Equifinality – an output can have multiple causal paths; and Causal asymmetry – causal conditions and configurations linked to a determined output and its reverse or negation do not imply the negation of those same causal conditions and configurations (González-Velasco et al , 2019). …”

Section: Methodsmentioning

confidence: 99%

“…Causal asymmetry – causal conditions and configurations linked to a determined output and its reverse or negation do not imply the negation of those same causal conditions and configurations (González-Velasco et al , 2019).…”

Section: Methodsmentioning

confidence: 99%

Asymmetric modelling predicting migrants versus refugees starting new ventures

Crisan-Mitra,

Martín-de Castro

2023

JEET

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Purpose This study aims to examine the entrepreneurship profiles of migrants and refugees relying on a neo-configurational approach that increases understanding of causal complexity, equifinality and causal asymmetry patterns to high entrepreneurial intentions in the two groups. Design/methodology/approach Using a fuzzy set qualitative comparative analysis method, the authors analysed 52 respondents – migrants and refugees. The findings show the existence of equifinality in which different configurations can lead to high and low entrepreneurial intentions, underlying that traumatic experiences have a major role in entrepreneurial intention. It also demonstrates that core conditions are associated with refugee’s configurations and causal asymmetry. The cross-sectional character of this research impedes the searching for a better causal relationship. The lack of studies that approach the subject of refugees makes it challenging to develop a robust theory in this sense. Findings The paper highlights five main configurations – two related to migrants’ profile and three related to refugees’ profile – that enable expanding the current knowledge and practices to better customize practices to increase entrepreneurial intention. Originality/value To the best of the authors’ knowledge, this is the first research using a configurational approach to explore migrant and refugee entrepreneurship intention profiles.

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Does innovative effort matter for corporate performance in Spanish companies in a context of financial crisis? A fuzzy-set QCA approach

Cited by 9 publications

References 56 publications

Firm financial performance during the financial crisis: A French case study

Firm financial performance during the financial crisis: A French case study

Innovative Business Strategies in the Face of COVID-19: An Approach to Open Innovation of SMEs in the Sonora Region of Mexico

Asymmetric modelling predicting migrants versus refugees starting new ventures

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