Determinants of innovation: A multivariate analysis in Colombian micro, small and medium-sized enterprises
Purpose - This paper aims to study the influence of innovation on micro, small and medium-sized enterprises (MSME) performance in Colombia through the 403 MSMES survey analysis. In particular, this paper measures the effect of participation in R&D alliances, product innovation and process innova...
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| Format: | Article |
| Language: | English |
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Emerald Publishing
2019-06-01
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| Series: | Journal of Economics Finance and Administrative Science |
| Subjects: | |
| Online Access: | https://www.emeraldinsight.com/doi/pdfplus/10.1108/JEFAS-09-2018-0095 |
| _version_ | 1828150298749698048 |
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| author | Jorge Aníbal Restrepo-Morales Osmar Leandro Loaiza Juan Gabriel Vanegas |
| author_facet | Jorge Aníbal Restrepo-Morales Osmar Leandro Loaiza Juan Gabriel Vanegas |
| author_sort | Jorge Aníbal Restrepo-Morales |
| collection | DOAJ |
| description | Purpose - This paper aims to study the influence of innovation on micro, small and medium-sized enterprises (MSME) performance in Colombia through the 403 MSMES survey analysis. In particular, this paper measures the effect of participation in R&D alliances, product innovation and process innovation on it.
Design/methodology/approach - MSME performance is measured through a composite index, estimated through principal components analysis using polychoric correlations, which is based on eight self-reported assessments of MSME performance. Then, this measure of performance is related to MSME participation in R&D alliances and the product and process development stance of the MSME based on an adaptation of the Miles and Snow business classification scheme, by means of an ANOVA and a linear regression. Findings - Colombian SMEs are not significantly benefitted from participation on R&D alliances. Instead, their performance appears to be dependent upon their internal innovation efforts directed to product development. Moreover, the results suggest that imitators get a performance almost as high as innovators. Originality/value - Innovation activities in Colombian SMEs are carried out informally, as they are mostly uninterested to engage in R&D activities and to develop new products by own initiative. Moreover, few of them have an R&D department. In regard to technology, results suggest that almost half of SMEs are classified as followers, namely, they use the same technology as competitors. |
| first_indexed | 2024-04-11T21:42:23Z |
| format | Article |
| id | doaj.art-bdd404f8079449659c4095a8aa6b4a64 |
| institution | Directory Open Access Journal |
| issn | 2077-1886 |
| language | English |
| last_indexed | 2024-04-11T21:42:23Z |
| publishDate | 2019-06-01 |
| publisher | Emerald Publishing |
| record_format | Article |
| series | Journal of Economics Finance and Administrative Science |
| spelling | doaj.art-bdd404f8079449659c4095a8aa6b4a642022-12-22T04:01:34ZengEmerald PublishingJournal of Economics Finance and Administrative Science2077-18862019-06-0124479711210.1108/JEFAS-09-2018-0095623110Determinants of innovation: A multivariate analysis in Colombian micro, small and medium-sized enterprisesJorge Aníbal Restrepo-Morales0Osmar Leandro Loaiza1Juan Gabriel Vanegas2Ciencias Administrativas y Económicas, Tecnológico de Antioquia Institución Universitaria, Medellin Antioquia, ColombiaUniversidad de Antioquia, Medellin, ColombiaCiencias Administrativas y Económicas, Tecnológico de Antioquia Institución Universitaria, Medellin Antioquia, ColombiaPurpose - This paper aims to study the influence of innovation on micro, small and medium-sized enterprises (MSME) performance in Colombia through the 403 MSMES survey analysis. In particular, this paper measures the effect of participation in R&D alliances, product innovation and process innovation on it. Design/methodology/approach - MSME performance is measured through a composite index, estimated through principal components analysis using polychoric correlations, which is based on eight self-reported assessments of MSME performance. Then, this measure of performance is related to MSME participation in R&D alliances and the product and process development stance of the MSME based on an adaptation of the Miles and Snow business classification scheme, by means of an ANOVA and a linear regression. Findings - Colombian SMEs are not significantly benefitted from participation on R&D alliances. Instead, their performance appears to be dependent upon their internal innovation efforts directed to product development. Moreover, the results suggest that imitators get a performance almost as high as innovators. Originality/value - Innovation activities in Colombian SMEs are carried out informally, as they are mostly uninterested to engage in R&D activities and to develop new products by own initiative. Moreover, few of them have an R&D department. In regard to technology, results suggest that almost half of SMEs are classified as followers, namely, they use the same technology as competitors.https://www.emeraldinsight.com/doi/pdfplus/10.1108/JEFAS-09-2018-0095InnovationMSME performanceProduct and process innovationAlliances |
| spellingShingle | Jorge Aníbal Restrepo-Morales Osmar Leandro Loaiza Juan Gabriel Vanegas Determinants of innovation: A multivariate analysis in Colombian micro, small and medium-sized enterprises Journal of Economics Finance and Administrative Science Innovation MSME performance Product and process innovation Alliances |
| title | Determinants of innovation: A multivariate analysis in Colombian micro, small and medium-sized enterprises |
| title_full | Determinants of innovation: A multivariate analysis in Colombian micro, small and medium-sized enterprises |
| title_fullStr | Determinants of innovation: A multivariate analysis in Colombian micro, small and medium-sized enterprises |
| title_full_unstemmed | Determinants of innovation: A multivariate analysis in Colombian micro, small and medium-sized enterprises |
| title_short | Determinants of innovation: A multivariate analysis in Colombian micro, small and medium-sized enterprises |
| title_sort | determinants of innovation a multivariate analysis in colombian micro small and medium sized enterprises |
| topic | Innovation MSME performance Product and process innovation Alliances |
| url | https://www.emeraldinsight.com/doi/pdfplus/10.1108/JEFAS-09-2018-0095 |
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