Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/253767 
Year of Publication: 
2019
Citation: 
[Journal:] Journal of Economics, Finance and Administrative Science [ISSN:] 2218-0648 [Volume:] 24 [Issue:] 47 [Publisher:] Emerald Publishing Limited [Place:] Bingley [Year:] 2019 [Pages:] 97-112
Publisher: 
Emerald Publishing Limited, Bingley
Abstract: 
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 selfreported 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.
Subjects: 
Innovation
MSME performance
Product and process innovation
Alliances
ANOVA
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

Files in This Item:
File
Size
391.31 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.