Product innovation and firm performance in transition economies: A multi-stage estimation approach

Ramadani, Veland; Hisrich, Robert D.; Abazi-Alili, Hyrije; Dana, Léo‐Paul; Panthi, Laxman; Abazi-Bexheti, Lejla

doi:10.1016/j.techfore.2018.12.010

Cited by 160 publications

(118 citation statements)

References 63 publications

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“…It is also revealed that both product and process innovation positively influence firm performance. This result is consistent with past researches (Gunday, Ulusoy, Kilic & Alpkan, 2011;Rajapathirana & Hui, 2018;Ramadani et al, 2019). Innovation is a key factor to survive in the global market (Porter, 1985).…”

Section: Discussionsupporting

confidence: 93%

See 1 more Smart Citation

The Mediator Role of Innovation Between University-Industry Collaboration and Firm Performance

İmamoğlu¹,

İnce²,

Türkcan³

et al. 2019

JGSM

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University-industry collaboration is a matter that has been dealt with for many years in the literature, in addition to that it has a very long history. The reason why it is still attracted and researched by scholars is that the relationship between these two dynamic and powerful structures is also dynamic and their effects are strong enough not only for themselves but also for the region and even for the nation. Such that, governments support this relationship with various incentives nowadays. The aim of this study is to contribute to the related literature by investigating the mediator role of product and process innovation in the relationship between UIC and firm performance. By studying 90 firms, we found that UIC affects product and process innovation. We also found that product and process innovation influence firm performance. Furthermore, this study reveals that product and process innovation fully mediates the relationship between UIC and firm performance.

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Section: Discussionsupporting

confidence: 93%

“…Product innovation refers to the development of goods or services new or improved to meet user needs. (OECD, 2005;Ramadani et al, 2019). It necessitates various activities in the manner of R&D, obtaining a patent and industrial engineering (Pan & Li, 2016).…”

Section: Innovationmentioning

confidence: 99%

The Mediator Role of Innovation Between University-Industry Collaboration and Firm Performance

İmamoğlu¹,

İnce²,

Türkcan³

et al. 2019

JGSM

View full text Add to dashboard Cite

show abstract

“…Lee et al [71] argued that organizational innovation has a direct and positive impact on the performance of low-tech firms in South Korea. Ramadani et al [72] also provided evidence of a positive link from innovation activities to firm performance in transition economies. Wang [73], taking SMEs as the sample, found that innovativeness is positively related to firm performance.…”

Section: Technological Innovation and Firm Performancementioning

confidence: 96%

Intellectual Capital, Technological Innovation and Firm Performance: Evidence from China’s Manufacturing Sector

Shang

Wang

et al. 2019

Sustainability

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Intellectual capital (IC) is considered to be a main driver of organizational success in the knowledge economy. This study examines the impacts of three IC components, including human capital (HC), structural capital (SC), and relational capital (RC), on technological innovation and firm performance. Data are collected from 1112 manufacturing listed companies in China during 2013–17. Using partial least squares structural equation modeling (PLS-SEM), the results show that HC and SC exert a positive impact on firm performance while RC has a negative impact; SC has a positive influence on technological innovation while HC has a negative influence; technological innovation can enhance the firm’s performance. In addition, technological innovation partially mediates the relationship between SC and firm performance. This study will bridge the gap in research by investigating the impacts of IC components on technological innovation and firm performance in developing countries.

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“…In terms of high-tech SMEs in Italy, Hall et al (2009) found a positive correlation between innovation and productivity, while also concluding that CR larger, older SMEs tend to be less productive. Finally, in this line, research performed by Ramadani et al(2019) confirms the positive relationship between product innovation and firm performance in transition economies, as do the variables of labor cost, firm size, skilled workers and competition.…”

Section: Data Envelopment Analysis Approachmentioning

confidence: 53%

The competitive efficiency of Costa Rican small and medium-sized businesses: a data envelopment analysis approach

Ubieta

Esquivel

Leiva

2020

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Purpose Building on the resource-based view theory, this paper aims to evaluate the role of innovation on competitiveness and competitive efficiency among Costa Rican small and medium-size enterprises (SMEs). Design/methodology/approach The study uses a sample of 231 Costa Rican small and medium-size firms for 2019. The authors compute a competitiveness index that includes four pillars: innovation, strategy, markets and human capital. To estimate competitive efficiency, the authors use a non-parametric model, namely, data envelopment analysis, with a single constant input. Findings The results confirm that competitive and efficient SMEs present a more homogenous distribution of resources and capabilities. The innovation pillar is positively correlated with competitive efficiency. A positive correlation exists between market experience (business age) and innovation and between innovation and business size in terms of the number of employees. Practical implications The study contributes to the understanding on how SME managers’ decision-making processes affect resource allocation within the business, and on how SMEs can introduce strategic actions based on improvements of those resources that will likely have a greater impact on competitive efficiency. Originality/value This study contributes to better grasping how the configuration of resources and capabilities, in which innovation plays a decisive role, and contributes to shape the competitive efficiency of small and medium-sized businesses in a developing economy.

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Product innovation and firm performance in transition economies: A multi-stage estimation approach

Cited by 160 publications

References 63 publications

The Mediator Role of Innovation Between University-Industry Collaboration and Firm Performance

The Mediator Role of Innovation Between University-Industry Collaboration and Firm Performance

Intellectual Capital, Technological Innovation and Firm Performance: Evidence from China’s Manufacturing Sector

The competitive efficiency of Costa Rican small and medium-sized businesses: a data envelopment analysis approach

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