Temat: innovation - Katalog OPAC zbiorów

Skocz do pozycji: 1.

Tytuł:: User Innovation: State of the Art and Perspectives for Future Research
Autorzy:: Roszkowska-Menkes, Maria
Powiązania:: https://bibliotekanauki.pl/articles/474964.pdf
Data publikacji:: 2017
Wydawca:: Fundacja Upowszechniająca Wiedzę i Naukę Cognitione
Tematy:: co-creation
collaborative innovation
mass customization
user innovation
user-driven innovation
Opis:: Given the rising role of users in innovation processes and the increasing amount of research in this field the aim of this paper is to explore the limits of our understanding of the user innovation (UI) concept. In doing so, the study addresses four basic questions: (1) Why do users create and share innovation? (2) Who is the user-innovator? (3) What type of innovation do users create? (4) How do users innovate? The results of a systematic literature review identified the main research streams on user innovation, together with weaknesses of past research and perspectives for future studies.
Źródło:: Journal of Entrepreneurship, Management and Innovation; 2017, 13, 2; 127-154
2299-7075
2299-7326
Pojawia się w:: Journal of Entrepreneurship, Management and Innovation
Dostawca treści:: Biblioteka Nauki

Artykuł

Zmień widok

na półce

Skocz do pozycji: 2.

Tytuł:: Innovation and Technology Dissemination in Clean Technology Markets and The Developing World: The Role of Trade, Intellectual Property Rights, and Uncertainty
Autorzy:: Lybecker, Kristina M.
Powiązania:: https://bibliotekanauki.pl/articles/474972.pdf
Data publikacji:: 2014
Wydawca:: Fundacja Upowszechniająca Wiedzę i Naukę Cognitione
Tematy:: clean technology
environmental innovation
innovation policy
barriers to innovation
developing countries
Opis:: Innovation is an inherently risky and uncertain process. Many of the broader challenges to innovation in general are both mirrored and exaggerated in clean technology innovation. The development of environmental technologies is further complicated by the public goods nature of knowledge, environmental externalities, and uncertainty. This study on clean technology focuses on recent work on the role of uncertainty, the participation of emerging and developing nations, the controversy surrounding intellectual property rights, and the variety of market actors and strategies in place. The paper also considers the policy instruments that are available, the cost, benefits and consequences of their use. As scholars continue to analyze when, where, why and how clean technology innovations are developed and adopted, it is essential that government policymakers aim to reduce uncertainty and risk, incentivize innovation with effective intellectual property rights, and foster transparency in the market. This continues to be a field of increasing future importance, and a rich area for continued academic study and analysis. Consumers, government policymakers and innovators would all benefit from a greater understanding of the process of technological change in the development, diffusion and financing of clean technologies.
Źródło:: Journal of Entrepreneurship, Management and Innovation; 2014, 10, 2; 7-38
2299-7075
2299-7326
Pojawia się w:: Journal of Entrepreneurship, Management and Innovation
Dostawca treści:: Biblioteka Nauki

Artykuł

Zmień widok

na półce

Skocz do pozycji: 3.

Tytuł:: The Spanish cod fishing industry: Radical production changes without significant changes in the innovation system
Autorzy:: González-López, Manuel
Powiązania:: https://bibliotekanauki.pl/articles/474976.pdf
Data publikacji:: 2012
Wydawca:: Fundacja Upowszechniająca Wiedzę i Naukę Cognitione
Tematy:: institutions
innovation
innovation systems
cod fishing
change
Opis:: This paper studies the changes which have occurred in the Spanish cod fishing industry in the last few years. We also aim to understand the dynamics of industrial change and its relation to institutions, understood here as both formal and informal rules and conventions. Our results suggest that sometimes industries, in order to maintain their competitive position, need something more than incremental changes in their products or in the technologies that they use. As we can see with the Spanish cod fishing industry, major changes are needed which affect the institutional set-up of their production system. Nevertheless, even when major changes happen in the production sphere, this does not mean that major alterations happen in the way companies innovate, i.e. in their innovation system.
Źródło:: Journal of Entrepreneurship, Management and Innovation; 2012, 8, 4; 35-51
2299-7075
2299-7326
Pojawia się w:: Journal of Entrepreneurship, Management and Innovation
Dostawca treści:: Biblioteka Nauki

Artykuł

Zmień widok

na półce

Skocz do pozycji: 4.

Tytuł:: Dynamic capabilities and innovation capabilities: The case of the ‘Innovation Clinic’
Autorzy:: Strønen, Fred
Hoholm, Thomas
Kværner, Kari
Støme, Linn Nathalie
Powiązania:: https://bibliotekanauki.pl/articles/474998.pdf
Data publikacji:: 2017
Wydawca:: Fundacja Upowszechniająca Wiedzę i Naukę Cognitione
Tematy:: dynamic capabilities
innovation capabilities
service innovation
healthcare
Opis:: In this explorative study, we investigate the relationship between dynamic capabilities and innovation capabilities. Dynamic capabilities are at the core of strategic management in terms of how firms can ensure adaptation to changing environments over time. Our paper follows two paths of argumentation. First, we review and discuss some major contributions to the theories on ordinary capabilities, dynamic capabilities, and innovation capabilities. We seek to identify different understandings of the concepts in question, in order to clarify the distinctions and relationships between dynamic capabilities and innovation capabilities. Second, we present a case study of the ’Innovation Clinic’ at a major university hospital, including four innovation projects. We use this case study to explore and discuss how dynamic capabilities can be extended, as well as to what extent innovation capabilities can be said to be dynamic. In our conclusion, we discuss the conditions for nurturing ‘dynamic innovation capabilities’ in organizations.
Źródło:: Journal of Entrepreneurship, Management and Innovation; 2017, 13, 1; 89-116
2299-7075
2299-7326
Pojawia się w:: Journal of Entrepreneurship, Management and Innovation
Dostawca treści:: Biblioteka Nauki

Artykuł

Zmień widok

na półce

Skocz do pozycji: 5.

Tytuł:: Management Innovation and Its Measurement
Autorzy:: Kraśnicka, Teresa
Głód, Wojciech
Wronka-Pośpiech, Martyna
Powiązania:: https://bibliotekanauki.pl/articles/475046.pdf
Data publikacji:: 2016
Wydawca:: Fundacja Upowszechniająca Wiedzę i Naukę Cognitione
Tematy:: innovation
management innovation
measurement
innowacje
innowacje zarządcze
pomiar
Opis:: The aim of this paper is to explain the nature of management innovation, as well as to propose its measurement instrument. The paper offers a review of key publications on management innovation published in research journals within the last two decades. The critical analysis – primarily focused on definitions, the proposed dimensions of management innovation and the scales used for their measurement – has allowed for the development of an original tool for measuring management innovation (MI). Five dimensions of management innovation are proposed, namely, strategic dimension, structural dimension, employee motivation and development dimension, interorganisational relations and partnership dimension, and ICT dimension. Using survey data of 301 employees from different companies in Poland, the validation of the management innovation measurement instrument was conducted. Internal consistency analysis (Cronbach’s alpha) and factor analysis, used to test the statistical reliability of the tool, yielded satisfactory results. The findings of this study contribute to advancing innovation research, particularly the state of knowledge on management innovation. Implications for both research and managerial practice are also presented. The proposed five-dimension management innovation model can be used to measure the scope of management innovation in further research and develop the knowledge about links between MI and an organisation’s performance or its impact on technological innovativeness. In addition this study uncovers a wide range of information on management innovation issues for interested parties and for future research.
Źródło:: Journal of Entrepreneurship, Management and Innovation; 2016, 12, 2; 95-121
2299-7075
2299-7326
Pojawia się w:: Journal of Entrepreneurship, Management and Innovation
Dostawca treści:: Biblioteka Nauki

Artykuł

Zmień widok

na półce

Skocz do pozycji: 6.

Tytuł:: Characteristics of Intrapreneurs in Scale-Intensive Service Firms
Autorzy:: Hydle, Katja Maria
Aas, Tor Helge
Breunig, Karl Joachim
Powiązania:: https://bibliotekanauki.pl/articles/475052.pdf
Data publikacji:: 2014
Wydawca:: Fundacja Upowszechniająca Wiedzę i Naukę Cognitione
Tematy:: innovation management
service innovation
scale-intensive services
intrapreneurship
Opis:: This empirical paper explores the work of employees in charge of service innovation when firms develop and launch new scale-intensive services by addressing two re- search questions: i) How do employees responsible for service innovation work? and ii) what are the related managerial implications when developing and launching new scale-intensive services? To this end, 21 qualitative, in-depth interviews were con- ducted with employees in five large scale-intensive service firms. The findings suggest that the involvement of internal professionals is an asset when new scale-intensive services are developed, and that internal professionals act as intrapreneurs when they are involved in the development of radically new scale-intensive services. This paper integrates understanding from the innovation management literature with knowledge of professionals from extant literature on professional service firms since we find that professionals in scale-intensive firms act as intrapreneurs. Thus, this pa- per extends the theory on determinants of innovation in scale-intensive service firms, blending insights from both findings and theory.
Źródło:: Journal of Entrepreneurship, Management and Innovation; 2014, 10, 2; 89-118
2299-7075
2299-7326
Pojawia się w:: Journal of Entrepreneurship, Management and Innovation
Dostawca treści:: Biblioteka Nauki

Artykuł

Zmień widok

na półce

Skocz do pozycji: 7.

Tytuł:: Selected Determinants of Mezzanine Financing in Poland
Autorzy:: Golej, Robert
Powiązania:: https://bibliotekanauki.pl/articles/474960.pdf
Data publikacji:: 2016
Wydawca:: Fundacja Upowszechniająca Wiedzę i Naukę Cognitione
Tematy:: innovation
mezzanine
funding innovation
Polska
innowacje
finansowanie innowacji
Polska
Opis:: A very significant form of company activity determining its development and even survival is innovation activity. Raising capital for the implementation of innovation is an important but not the only factor in the introduction of innovation. Characteristics of innovation, and in particular the risk of failure, make for a significant difficulty in obtaining external financing, particularly from third parties, which is an obstacle to their development and implementation. The subject of discussion in the article is the hybrid formula mezzanine type of financing innovative projects implemented both in start-up companies and in already well established companies. The purpose of the article is to discuss the possibilities and to perform an analysis of the practices followed by mezzanine funds in Poland in respect to the innovation activities of Polish companies. Research presented in the article was conducted on the basis of information on investments performed by mezzanine funds in Poland. Of particular importance for the innovativeness of the economy is to have companies from the SME sector, and therefore we also carried out research in this group. Innovations are often initiated in special purpose companies, start-up, etc., that operate in the SME sector. Therefore, the financing of innovation cannot be ignored as a thread of innovation in SMEs. The study involved interviews in several companies in the sector. The study concerned the possibilities of financing innovation involving mezzanine, knowledge of hybrid forms of financing, preparedness for hybrid financing. Studies are not representative, but are rather sounding a view to clarify any further research. Hypothesis: mezzanine financing, utilizing its specific benefits, is increasingly used to finance the gap in the financing of innovation, in particular special purpose companies in the SME sector. So the hypothesis raises two strands of research. The first concerned the financing of innovation as seen from the mezzanine fund. The second concerns the willingness of enterprises to use this form of financing. The first part of the article is devoted to the embeddedness of mezzanine financing. For that purpose, the specific innovation feature decisive to the possibility of external financing was indicated. Various investment strategies of Private Equity Funds on a global scale were presented in a way intended to highlight the meaning and characteristics of mezzanine financing. Also, on the basis of statistical data, the potential market for innovation financing in Poland was indicated. Subsequently the essence of mezzanine type financing and its potential to support development and innovation was presented. Upon this background, an analysis of the possibilities for financing innovation in startups and established companies was conducted. Also, examples of mezzanine financing that took place in Poland in recent years were presented. The article, therefore, is constructed in the form of deductive-inductive analysis. The conducted research leads to the conclusion that there is a gradual development of mezzanine financing in Poland. The transactions are also diverse as to the industry sector and the size of the investment. There is also a noticeable lowering of the minimum quota of individual investments, which means that the popularity of this form of financing could increase. What needs to be noticed, however, is that mezzanine funds focus their activity on companies in good financial condition, which do not have the credit capacity for the implementation of all their development projects. They have the characteristics of a mature organization. So they have: a strategy, experienced management, good cash flow, good market position and growth potential.
Źródło:: Journal of Entrepreneurship, Management and Innovation; 2016, 12, 3; 57-84
2299-7075
2299-7326
Pojawia się w:: Journal of Entrepreneurship, Management and Innovation
Dostawca treści:: Biblioteka Nauki

Artykuł

Zmień widok

na półce

Skocz do pozycji: 8.

Tytuł:: Funding Innovation in Poland through Crowdfunding
Autorzy:: Kozioł-Nadolna, Katarzyna
Powiązania:: https://bibliotekanauki.pl/articles/475167.pdf
Data publikacji:: 2016
Wydawca:: Fundacja Upowszechniająca Wiedzę i Naukę Cognitione
Tematy:: innovation
crowdfunding
funding innovation
Polska
innowacje
finansowanie innowacji
Polska
Opis:: Funding innovative projects is one of the most serious problems faced by business owners in Poland. Therefore, due to the difficulties of obtaining external sources of financing, crowdfunding may constitute a new source of fundraising for innovative ventures. Therefore, crowdfunding – as a way of raising capital for projects – is the subject of the discussion in this article. The research aim of the article is to identify and evaluate crowdfunding platforms as well as the innovative projects carried out by these platforms in Poland in 2014-2016. The first part characterizes crowdfunding as a source of funding innovation and presents the nature of crowdfunding, its characteristics and models. The empirical part is based on inductive-deductive inference, desk research, i.e. the analysis of crowdfunding market in Poland in two research periods and a case study analysis. The article shows the results of the research on the Polish crowdfunding market in 2014-2016. The author also presents a case study of funding innovation on the Kickstarter.com platform by a Polish company Sher.ly.
Źródło:: Journal of Entrepreneurship, Management and Innovation; 2016, 12, 3; 7-29
2299-7075
2299-7326
Pojawia się w:: Journal of Entrepreneurship, Management and Innovation
Dostawca treści:: Biblioteka Nauki

Artykuł

Zmień widok

na półce

Skocz do pozycji: 9.

Tytuł:: Interaction for Innovation: Comparing Norwegian Regions
Autorzy:: Solesvik, Marina
Gulbrandsen, Magnus
Powiązania:: https://bibliotekanauki.pl/articles/475091.pdf
Data publikacji:: 2014
Wydawca:: Fundacja Upowszechniająca Wiedzę i Naukę Cognitione
Tematy:: innovation
cooperation
triple helix model
regional innovation systems
Norway
Opis:: Building upon insights from earlier investigations of innovation collaboration from A regional perspective as well as the triple helix perspective, local/regional innovation systems and open innovation approaches, this study explores whether cooperation between firms, universities and government increases the intensity of innovation equally for the capital city and peripheral regions. We investigate whether firms located in the capital region benefit more from public support, cooperation with universities, and cooperation with different stakeholders than firms located in peripheral regions. Using logistic binary regressions, we find that capital region firms are generally not more innovative than those located elsewhere. We also find no effect on innovation from cooperation with universities, although public support is related to engagement in product and process innovations. Our results warn against simple applications of triple helix and open innovation approaches, as many forms of collaboration seem to have little impact on innovation, regardless of regional context.
Źródło:: Journal of Entrepreneurship, Management and Innovation; 2014, 10, 3; 7-28
2299-7075
2299-7326
Pojawia się w:: Journal of Entrepreneurship, Management and Innovation
Dostawca treści:: Biblioteka Nauki

Artykuł

Zmień widok

na półce

Skocz do pozycji: 10.

Tytuł:: Innovation in the Era of Experience: The Changing Role of Users in Healthcare Innovation
Autorzy:: Trigo, Alexandre
Powiązania:: https://bibliotekanauki.pl/articles/475161.pdf
Data publikacji:: 2016
Wydawca:: Fundacja Upowszechniająca Wiedzę i Naukę Cognitione
Tematy:: patient involvement
user innovation
user-centered innovation
interactive innovation
health innovation
zaangażowania pacjentów
innowacyjność użytkownika
innowacja zorientowana na użytkownika
interaktywne innowacje
innowacje zdrowotne
Opis:: This article provides an extensive literature review on the changing role of users in innovation, with a particular focus on the healthcare sector. Users have been specifically analyzed by many scholars worldwide due to their significant role as a source of innovation beyond the traditional assumption which considers customers as mere passive adopters of products and services. The increasing, but still scarce, number of studies on this topic has demonstrated the benefits of patient involvement and how a close and continuous relationship between patients and practitioners can lead to permanent cycles of improvements and innovation in healthcare outcomes. In addition to a user-centered approach, innovative patients are actively developing new solutions for their own treatments, likewise for other patients with similar diseases.
Źródło:: Journal of Entrepreneurship, Management and Innovation; 2016, 12, 2; 29-51
2299-7075
2299-7326
Pojawia się w:: Journal of Entrepreneurship, Management and Innovation
Dostawca treści:: Biblioteka Nauki

Artykuł

Zmień widok

na półce

Skocz do pozycji: 11.

Tytuł:: Generic Modular Ontology for Innovation Domain. A Key Pillar Towards “Innovation Interoperability”
Autorzy:: EL BASSITI, Lamyaa
Powiązania:: https://bibliotekanauki.pl/articles/475103.pdf
Data publikacji:: 2017
Wydawca:: Fundacja Upowszechniająca Wiedzę i Naukę Cognitione
Tematy:: innovation interoperability
idea and innovation management
ontology
semantics
online survey
Opis:: In a century of complexity, organizations are moving towards open innovation. So, contemporary Innovation Management Systems have to deal with the distributed, heterogeneous and fast growing characteristics of knowledge that are available in different forms and are rather weakly structured. In addition, the increasing degree of specialization and interdependence between and among organizations calls for group capabilities at the organizational level to interoperate with others to produce not only novel, but also critically acclaimed innovations. This is the focus of this paper that introduces the new concept of “Innovation Interoperability”. Then, it formalizes and represents semantically the key concepts underlying a systematic innovation approach and the relations between them, through a Generic Modular Ontology, we have called “GenID Ontology”. The latter consists of three interconnected sub-ontologies, referring to the key dimensions of successful innovation within an open context, which are: Core-ideas, Actors and Context. This paper has adopted a mixed research strategy and uses a qualitative online survey to examine the delivered constructs.
Źródło:: Journal of Entrepreneurship, Management and Innovation; 2017, 13, 2; 105-126
2299-7075
2299-7326
Pojawia się w:: Journal of Entrepreneurship, Management and Innovation
Dostawca treści:: Biblioteka Nauki

Artykuł

Zmień widok

na półce

Skocz do pozycji: 12.

Tytuł:: Conceptualizing innovation capabilities: A contingency perspective
Autorzy:: Aas, Tor Helge
Breunig, Karl Joachim
Powiązania:: https://bibliotekanauki.pl/articles/475127.pdf
Data publikacji:: 2017
Wydawca:: Fundacja Upowszechniająca Wiedzę i Naukę Cognitione
Tematy:: conceptual framework
capabilities
innovation novelty
market characteristics strategy-innovation link
Opis:: Empirical research has confirmed that a positive relationship exists between the implementation of innovation activities and the future performance of organizations. Firms utilize resources and capabilities to develop innovations in the form of new products, services or processes. Some firms prove to be better at reproducing innovation success than others, and the capacity to do so is referred to as innovation capability. However, the term innovation capability is ambiguously treated in extant literature. There are several different definitions of the concept and the distinction between innovation capabilities and other types of capabilities, such as dynamic capabilities, is neither explicitly stated, nor is the relationship between the concept and other resource- and capability-based concepts within strategy theory established. Although innovation is increasingly identified as crucial for a firm’s sustainable competitiveness in contemporary volatile and complex markets, the strategy-innovation link is underdeveloped in extant research. To overcome this challenge this paper raises the following research question: What type of innovation capabilities are required to innovate successfully? Due to the status of the extant research, we chose a conceptual research design to answer our research question and the paper contributes with a conceptual framework to discuss what innovation capabilities firms need to reproduce innovation success. Based on careful examination of current literature on innovation capability specifically, and the strategy-innovation link in general, we suggest that innovation capability must be viewed along two dimensions – innovation novelty and market characteristics. This framework enables the identification of four different contexts for innovation capabilities in a two-by-two matrix. We discuss the types of innovation capabilities necessary within the four different contexts. This novel framework contributes to the understanding of the strategy-innovation link as well as clarifies the conceptual understanding of capabilities within the strategy literature and establishes the relationship between these structures and innovation management theory.
Źródło:: Journal of Entrepreneurship, Management and Innovation; 2017, 13, 1; 7-24
2299-7075
2299-7326
Pojawia się w:: Journal of Entrepreneurship, Management and Innovation
Dostawca treści:: Biblioteka Nauki

Artykuł

Zmień widok

na półce

Skocz do pozycji: 13.

Tytuł:: Innovativeness of Enterprises in Poland in the Regional Context
Autorzy:: Golejewska, Anna
Powiązania:: https://bibliotekanauki.pl/articles/475099.pdf
Data publikacji:: 2018
Wydawca:: Fundacja Upowszechniająca Wiedzę i Naukę Cognitione
Tematy:: innovation
enterprises
regional differences
Opis:: The article examines the innovativeness of enterprises in 69 Polish NUTS3 sub-regions in 2014. The analysis is based on unpublished regional data from the Polish Central Statistical Office covering the following variables: the share of enterprises which have incurred outlays for innovative activities, the share of enterprises implementing process or product innovations, the share of companies collaborating in the field of innovation, and the share of new or modernized products in total production sold in industrial companies. The analysis focuses on building rankings and cluster analysis of NUTS3 regions. As research methods, the author uses selected methods of multidimensional comparative analysis, principal component analysis and the hierarchical Ward’s method. The results show that there are substantial differences among NUTS3 sub-regions as regards innovativeness of enterprises. The low level of cooperation does not foster innovation. Innovation outputs of enterprises are also unsatisfactory. The highest variation is seen in the share of new or modernized products in total production sold in industrial companies. The final effect of the cluster analysis is the division of regions into 7 groups. In the case of units where innovation inputs are not reflected in innovation outputs, it would be useful to explore regional and local factors influencing those relations. Further research is still needed.
Źródło:: Journal of Entrepreneurship, Management and Innovation; 2018, 14, 1; 29-44
2299-7075
2299-7326
Pojawia się w:: Journal of Entrepreneurship, Management and Innovation
Dostawca treści:: Biblioteka Nauki

Artykuł

Zmień widok

na półce

Skocz do pozycji: 14.

Tytuł:: The Role of Creativity in Development of Innovation in Tourism
Autorzy:: Bascavusoglu-Moreau, Elif
Kopera, Sebastian
Wszendybył-Skulska, Ewa
Powiązania:: https://bibliotekanauki.pl/articles/475145.pdf
Data publikacji:: 2013
Wydawca:: Fundacja Upowszechniająca Wiedzę i Naukę Cognitione
Tematy:: creativity
innovation
IT
cooperation
tourism
Opis:: Creativity, innovation and entrepreneurship are slogans that have become an integral part of modern tourism economy. Creativity and innovation of tourism economy as well as the meaning of creativity in tourism business are intensely discussed. Today, creativity is being frequently analyzed as a basic feature of actions performed on a daily basis in terms of both personal and professional life, a feature that every employee is required to possess. It means that employers and, above all, the education system must feel it necessary to develop certain conditions in which human creativity can be shaped, which is understood as a system that enables us to adjust to constantly changing environment and take a risk to apply new solutions to particular problems. The article aims to present the role of creativity in development of innovation in tourism as well as factors that improve it. The analytical part of the article will concentrate on the analysis of, inter alia, two significant groups of creativity determinants: factors related to availability of qualified staff on the local labor market as well as info-structure of tourism businesses.
Źródło:: Journal of Entrepreneurship, Management and Innovation; 2013, 9, 1; 5-15
2299-7075
2299-7326
Pojawia się w:: Journal of Entrepreneurship, Management and Innovation
Dostawca treści:: Biblioteka Nauki

Artykuł

Zmień widok

na półce

Skocz do pozycji: 15.

Tytuł:: The Patents and Financial Performance of Firms - Evidence From Polish Manufacturing Companies
Autorzy:: Prędkiewicz, Katarzyna
Prędkiewicz, Paweł
Powiązania:: https://bibliotekanauki.pl/articles/475181.pdf
Data publikacji:: 2014
Wydawca:: Fundacja Upowszechniająca Wiedzę i Naukę Cognitione
Tematy:: innovation
financial performance
economic slowdown
patents
Opis:: This article is a contribution to the discussion on innovation activity and its influence on financial performance of companies. The authors employ a simple measure of innovativeness, which was also used in other studies, and the division of companies into two groups (innovative and non-innovative) was based on the fact whether they obtained a patent (patents) or not. In this paper, we compare the rates of return and revenue growth achieved by innovative versus non-innovative companies operating in the manufacturing industry in Poland, in the years 2006 to 2012. Financial and qualitative data for testing the hypotheses were taken from the Amadeus database provided by Bureau van Dijk. The sample consisted of 4004 enterprises, of which 681 were owners of at least one patent. T-Student test, ANOVA and OSL models were used to verify the working assumptions. The study tests the following three research hypotheses. H1: “Innovative companies achieve higher rates of return than the non- innovative ones.” That hypothesis was confirmed in relation to the EBITDA margin and ROS (return on sale), but not to ROA (return on assets) and ROE (return on equity). The fact of belonging to a group of innovative companies had an impact on an average EBITDA margin increase by 0.83 p.p. in 2007, 0.78 p.p. in 2009 and 0.73 p.p. in 2012, ceteris paribus. The difference between ROE was found statistically insignificant in most analysed periods (except 2007 and 2009), however, non-innovative companies have achieved a higher return on equity than innovative companies. It can be associated with higher operational risk in innovative companies which restrict access to external capital, leading such companies to expand their businesses through their own equity. The second tested hypothesis is: “An innovative activity has higher impact on financial performance in medium-sized companies than in large and very large ones.” During the research, it was found out that having obtained a patent is important determinant of EBITDA margin for medium-sized companies, increasing it by 0.76 p.p., ceteris paribus. In large companies, it contributed to an increase of 0.71 p.p., and for very large ones – by only 0.19 p.p., with the slope for the latter group at a number other than zero found to be statistically insignificant. In relation to third tested hypothesis:” Innovative companies are more sensitive in terms of revenue dynamics to economic slowdown than the non-innovative ones.” it was found out that in the period of time from 2006 to 2012 the dynamics of revenue growth in innovative companies was generally higher than in the non-innovative ones, except in the year 2009, when all companies showed a significant decline in revenues, but for innovative companies, the decline amounted to 6.39%, and for the remaining ones it was found at 4.98%. Based on those findings it was confirmed that innovative companies are characterized by a greater sensitivity to economic slowdown.
Źródło:: Journal of Entrepreneurship, Management and Innovation; 2014, 10, 4; 115-142
2299-7075
2299-7326
Pojawia się w:: Journal of Entrepreneurship, Management and Innovation
Dostawca treści:: Biblioteka Nauki

Artykuł

Zmień widok

na półce

Informacja

Wyszukujesz frazę "innovation" wg kryterium: Temat

Źródło danych

Dostawca treści

Kolekcja

Rok wydania

Wydawca

Temat

Autor

Typ dokumentu

Język