Empirical Studies on Innovation Performance in the Manufacturing and Service Sectors Since 1995: A Systematic Review

Abstract

This paper reviews the literature on firm innovation performance from 1995 until 2016. The empirical literature on this topic has been growing continuously over the last few decades. Previous research has investigated the explanatory variables and their impact on firm innovativeness separately. The present systematic review brings together all explanatory variables explored in the literature, classified according to their direction of causality and impact on innovation. These are represented in a comprehensive framework that includes three major research streams: internal, external and contextual indicators, and examines how they influence the innovative capabilities of firms. In addition to this re-examination, the study shows that the majority of these variables are inter-linked with other variables in explaining the relationship with innovation, which is represented in a comprehensive theoretical model. The aim of this review is to draw a general picture of the standing of the research on innovation performance, specifically in areas where unanimous results have already been achieved, and to highlight the opportunities for future research.

Impact of Innovation Type on Financial and Non-financial Performance of SMES. A Scoping Review

“…Prior studies investigating the relationship between innovation type and business performance in different industries were examined to identify keywords operationalized for search presented in the literature review (Klewitz & Hansen, 2014;Kolluru & Mukhopadhaya, 2017;Sethibe & Steyn, 2015). Similarly, keywords for the search related to innovation were deduced from OECD definition of innovation type.…”

“…Furthermore, the latest review studies were concentrated on the innovation-performance relationship regardless of the industry sector (Ndesaulwa & Kikula, 2016;Shouyu, 2017), or focused only on firms in the same industry where firms tend to act similarly (e.g. manufacturing or, service) (Becheikh, Landry, & Amara, 2006;Kolluru & Mukhopadhaya, 2017;Rubera & Kirca, 2012) instead of comparing industrial sectors.…”

The Moderating Effect of Kaizen Culture on the Relationship Between Innovation and Operational Performance

“…However, Damanpour and Aravind asserted that the relationship between innovation and performance had not been explained fully and more empirical studies were needed to explain it [14]. Though, most of the literature concluded that innovation was positively related to performance [15], [16], 17].…”

Effective innovation strategies for incumbent firms

“…Does this also apply to other types of service industries? Thirdly, it is acknowledged that firms across industries struggle with the challenges related to sustainable value creation (Kolluru & Mukhopadhaya, 2017;Raisch, Birkinshaw, Probst, & Tushman, 2009). This study provides insight into the prevalence of strategies that firms within different industries enact to balance exploration and exploitation.…”

“…We controlled for firm size as it has been found to influence firm performance (Hannan & Freeman, 1989;Kolluru & Mukhopadhaya, 2017). Firm size is measured by the natural logarithm of total assets in 2006 (Franck et al, 2010;Hamadi & Heinen, 2015).…”