The Impact of Innovation and Entrepreneurship on Competitiveness

Fernandes, Cristina; Veiga, Pedro Mota; Ferreira, João; Teixeira, Sérgio Jesus; Rammal, Hussain Gulzar

doi:10.1007/978-3-030-51995-7_5

Cited by 2 publications

(2 citation statements)

References 113 publications

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“…Entrepreneurship contributes significantly to economic growth, as has been noted by countless authors for both Nordic countries and others. This remains one of the factors that induces job creation, innovation, technological progress, and competitiveness [24,[64][65][66].…”

Section: Discussionmentioning

confidence: 99%

Is the Aurora Borealis an Inspiration to the Performance of Nordic Economic Sustainability?

Nogueira

Madaleno

2021

Sustainability

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The Nordic countries are well positioned in the main international economic, social, and sustainability indices, and the scientific literature that supports these indices argues that a rise in these rankings promotes economic growth. With this unprecedented empirical study, we intended to assess whether, in the case of the Nordic countries, the long term maintenance of high positions translates into sustainable economic growth. The period considered was between 2004 and 2008, and we used the ARDL methodology to assess time series. The ARDL methodology has the advantage of providing us with short and long term coefficients. Using five of the leading international indices, we conclude that, for the Nordic countries, economic freedom is not important for economic growth, while business friendly regulation is the most important variable. Three important findings of our study (in which Granger causality complemented the ARDL methodology) are that these countries were able to adapt perfectly to the globalization process, entrepreneurship makes an important contribution to the continued economic and social success of these countries (allowing them to continue to enjoy their “Nordic welfare states” in these uncertain times), and corruption harms the Nordic economy. These variables have contributed to the countries’ economic and social sustainability.

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Section: Discussionmentioning

confidence: 99%

Is the Aurora Borealis an Inspiration to the Performance of Nordic Economic Sustainability?

Nogueira

Madaleno

2021

Sustainability

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“…The entrepreneurial and start-up ecosystem can also play a role, especially in the growth and performance of new ventures (Perdomo-Charry et al, 2023; Sarma and Marszalek, 2020); for example, disruptive financial innovations providing finance for early-stage growth firms can offer opportunities for small firms (Culkin et al, 2016). In addition, recent research shows that sustainable innovations can promote SME growth (Fernandes et al, 2023). Furthermore, the growth of a firm can be contingent upon the specific circumstances it operates within, and the factors contributing to its growth can differ across various contexts, such as urban, rural, developed, and developing countries.…”

Section: Framework and Hypotheses Developmentmentioning

confidence: 99%

The relationship between digital orientation, organizational ambidexterity, and growth strategies of rural SMEs in time of crisis

Joensuu-Salo,

Viljamaa

2024

The International Journal of Entrepreneurship and Innovation

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The rapidly changing digital landscape presents a new context highlighting growth strategies and organizational ambidexterity. This research explores the interaction between growth strategies of rural SMEs, digital orientation, and organizational ambidexterity during the COVID-19 pandemic. The survey data comprised 204 responses from Finnish SME owner-managers in the rural region of South Ostrobothnia in October 2021. The results from the ordinal regression analysis demonstrate that organizational ambidexterity positively influences the utilization of all growth strategies, serving as a mediator in the relationship between digital orientation and these strategies. Digital orientation is positively associated with applying a product/service development strategy, market development strategy, diversification, and business model development but not with market penetration strategy. These findings suggest that a digital orientation enables SMEs to strike a balance between exploration and exploitation, allowing them to effectively pursue both. Furthermore, digitalization offers rural businesses opportunities to implement more demanding growth strategies. Therefore, to ensure the long-term vitality of rural areas, society and policymakers must collaborate in providing robust digital infrastructure.

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The Impact of Innovation and Entrepreneurship on Competitiveness

Cited by 2 publications

References 113 publications

Is the Aurora Borealis an Inspiration to the Performance of Nordic Economic Sustainability?

Is the Aurora Borealis an Inspiration to the Performance of Nordic Economic Sustainability?

The relationship between digital orientation, organizational ambidexterity, and growth strategies of rural SMEs in time of crisis

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