Is innovation always beneficial? A meta-analysis of the relationship between innovation and performance in SMEs

Rosenbusch, Nina; Brinckmann, Jan; Bausch, Andreas

doi:10.1016/j.jbusvent.2009.12.002

Cited by 1,389 publications

(1,192 citation statements)

References 173 publications

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“…It is thus not surprising that there are also empirical studies that show an insignificant relationship or even a negative relationship for firms with certain characteristics (Rosenbusch et al, 2011). Demirel and Mazzucato (2012) conclude from the general ambiguity of results that there is obviously still much to learn about the details of the innovation-growth relationship.…”

Section: The Relation Between Innovation and Sales Growthmentioning

confidence: 99%

Innovation and firm growth over the business cycle

Spescha

Wörter

2018

Industry and Innovation

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Abstract This paper investigates how the macroeconomic business cycle impacts the empirical relation between firms' innovations and their sales growth rates. Based on firm-level panel data over the time period 1995-2014, the paper finds no visible sales growth differentials between firms in booming economic environments. In the economically difficult times of recessions, by contrast, innovative firms show significantly higher sales growth rates than non-innovative firms. This finding is in line with Schumpeter's (1939) business cycle theory, where recessions play an important role in the adaptation of the economy towards innovative products and processes. Moreover, the paper shows that small innovative firms, profiting from their higher organizational flexibility and stronger entrepreneurial commitment, are the main beneficiaries in this adaption process. Terms of use: Documents in EconStor may

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Section: The Relation Between Innovation and Sales Growthmentioning

confidence: 99%

Innovation and firm growth over the business cycle

Spescha

Wörter

2018

Industry and Innovation

View full text Add to dashboard Cite

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“…They also connect this dimension with enhanced levels of innovativeness which can be achieved when information can be obtained from others and exchanged with them. Innovativeness is in turn related to better performance in the initial stages of a venture's existence (Rosenbusch, Brinckmann & Bausch, 2011). Ties that an entrepreneur has with others can also be used in order to enhance a venture's legitimacy that is necessary to obtain access to financing and customers.…”

Section: Literature Reviewmentioning

confidence: 99%

The Perception of an Entrepreneur’s Structural, Relational and Cognitive Social Capital among Young People in Poland - An Exploratory Study

Ziemiański¹

2018

JEMI

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“…Because the risk of failure in generating innovative ideas is high [36,37], generating new ideas within teams requires a supportive environment, one in which team members have little fear of criticism when offered ideas [38]. Joint decision making within teams promotes TMT members' commitment to their decisions' outcomes because they believe such decisions to be their own.…”

Section: Behavioral Integration and Team Innovativenessmentioning

confidence: 99%

Sustainability in SMEs: Top Management Teams Behavioral Integration as Source of Innovativeness

Jahanshahi

Brem

2017

Sustainability

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Abstract:Top management teams' (TMTs') behavioral integration has received extensive attention from strategic management scholars in recent years. To learn more about the consequences of this phenomenon at the team level, we explore the relationship between TMTs' behavioral integration with their innovativeness and sustainability orientation. To accomplish this, we surveyed 40 TMTs in Iranian small-and medium-sized enterprises (SMEs) at two points in time. We ran a hierarchical multiple regression in order to test the hypotheses of the study. Building a theoretical model based on the Upper-Echelons framework, we found that the extent to which a TMT is behaviorally integrated is positively and significantly related to TMT innovativeness. Furthermore, our result reveals that a highly behaviorally integrated TMT is more likely to engage in sustainability-oriented actions. Hence, behaviorally integrated TMTs offer its team members an increased chance of being innovative and generating new ideas as compared to less behaviorally integrated TMTs. Finally, our results indicate that the generation of novel ideas is higher in teams with younger members, and that highly educated TMTs generate more innovative ideas in the workplace.

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Is innovation always beneficial? A meta-analysis of the relationship between innovation and performance in SMEs

Cited by 1,389 publications

References 173 publications

Innovation and firm growth over the business cycle

Innovation and firm growth over the business cycle

The Perception of an Entrepreneur’s Structural, Relational and Cognitive Social Capital among Young People in Poland - An Exploratory Study

Sustainability in SMEs: Top Management Teams Behavioral Integration as Source of Innovativeness

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