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Advisor(s)
Abstract(s)
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.
Description
Keywords
Innovation Market and financial performance Determinants of innovation CIS Community innovation survey SURE Seemingly unrelated regression equation model
Citation
Publisher
Inderscience Enterprises Ltd.