Innovation activities and innovative performance of Ecuadorian companies Online publication date: Mon, 03-Mar-2025
by Orly Carvache-Franco; Mauricio Carvache-Franco; Wilmer Carvache-Franco; Miguel A. Bustamante-Ubilla
International Journal of Business Innovation and Research (IJBIR), Vol. 36, No. 3, 2025
Abstract: This research examines the relationship between innovation activities and the innovative performance of Ecuadorian companies. It was a quantitative non-experimental study with a cross-sectional design. The sample was obtained from the Ecuadorian national innovation activities survey. The econometric model used was the bivariate probit regression. The results show that research and development (R&D), acquisition of machinery and equipment, acquisition of hardware and software, and training are the activities related to the innovative performance of Ecuadorian companies. These companies' innovation strategies and activities primarily focus on the technology acquisition strategy rather than the market-focused strategy through developing R&D. This research sheds new light on the relationships between innovation activities and innovative performance in developing countries, where evidence is scarce.
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