Innovation and performance among firms in Finland: the impact of firm-level characteristics
by Hannu Littunen; Jari Huovinen
International Journal of Innovation and Regional Development (IJIRD), Vol. 9, No. 2, 2020

Abstract: The purpose of this paper is to analyse the role of firm-level characteristics together with the performance of small and medium enterprises (SMEs) associated with the introduction of different types of innovation (product/process/market/organisational). The paper is based on data from 830 firms located in Finland, and describes the development of a model for testing the firm-level factors that increase the innovativeness of SMEs. Logistic regression analysis was conducted to determine associations between innovativeness and the different explanatory factors put forward. The results show that the creation of novel product and process innovation appears to be associated with manufacturing industry, but on the other hand the creation of market innovation is linked to the field of trade. Furthermore, we found that the creation of process innovation was related to the location of firms, and innovation activity appears to be more common in rural areas than in central regions. The results also show that the creation of product/process/market/organisational innovation is positively associated with a firm's growth.

Online publication date: Thu, 22-Oct-2020

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Innovation and Regional Development (IJIRD):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com