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Authors
Advisor(s)
Abstract(s)
There is an undeniable positive effect of innovation for both firms
and the economy, with particular regards to the financial performance of firms.
However, there is an important role of the decision making process for the
allocation of resources to finance the innovation process. The aim of this paper
is to understand what factors explain the decision making process in innovation
activities of Portuguese firms. This is an empirical study, based on the modern
theoretical approaches, which has relied on five key aspects for innovation:
barriers, sources, cooperation, funding; and the decision making process.
Primary data was collected through surveys to firms that have applied for
innovation programmes within the Portuguese innovation agency. Univariate
and multivariate statistical techniques were used. Our results suggest that the
factors that mostly influence the Portuguese firms’ innovation decision-making
processes are economical and financial (namely those related to profit increase
and labour costs reduction).
Description
Keywords
Economical and financial factors Decision-making Innovation Competitive advantage SMEs
Pedagogical Context
Citation
Publisher
Inderscience Enterprises Ltd.