Relationship between Innovation and Internationalization of Slovenian Internationalized Companies

Mitja Ruzzier, Jana Hojnik and Aleš Lipnik
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Mitja Ruzzier: University of Primorska, Slovenia
Jana Hojnik: University of Primorska, Slovenia
Aleš Lipnik: University of Primorska, Slovenia

from University of Primorska, Faculty of Management Koper

Abstract: Our purpose was to explore the relationship between two strategic directions, innovation and internationalization, based on a sample of 108 most internationalized Slovenian companies. We have tested with regression analysis the relationship between two factors of innovation (product and process innovation) and the dependent variables of internationalization (qualitative and quantitative scope of internationalization: number of operation modes, number of foreign markets and share of foreign sales on foreign markets). The results indicated that all models consisted of product innovation and internationalization (as dependent variable) have showed a statistical significance and can be supported, while we cannot support neither one model for the relationship between process innovation and internationalization. Our conclusions suggest that product innovations are determinants of internationalization for Slovenian internationalized companies, while process innovations, were not statistically significant based on research conducted on Slovenian internationalized companies.

Keywords: product & process innovations; internationalization; case of Slovenian companies (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:mgt:micp13:579-595

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