Innovation and the performance of Portuguese businesses: a 'SURE' approach
Author(s) -
Carla Susana Marques,
Chris Gerry,
Susana Covelo,
Alexandra Braga,
Vítor Braga
Publication year - 2011
Publication title -
international journal of management and enterprise development
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.19
H-Index - 25
eISSN - 1741-8127
pISSN - 1468-4330
DOI - 10.1504/ijmed.2011.041545
Subject(s) - portuguese , business , industrial organization , competitive advantage , process (computing) , innovation process , marketing , knowledge management , computer science , work in process , philosophy , linguistics , operating system
There is a general consensus that in a competitive business
environment, firms’ performance will depend on their capacity to innovate. To
clarifying how, when and to what extent innovation affects the market and
financial performance of firms, the authors deploy seemingly unrelated
regression equation model to examine innovation in over 500 Portuguese firms
from 1998 to 2004. The results confirm, as theorists have frequently assumed,
that innovation positively affects firms’ performance; but they also suggest that
the reverse is true, a result that is less intuitively obvious, given the complexity
of the innovation process and local, national and global competitive
environments
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