Innovation and the performance of Portuguese businesses: a 'SURE' approach

Carla Susana Marques, Chris Gerry, Susana Covelo, Alexandra Braga and Vitor Braga

International Journal of Management and Enterprise Development, 2011, vol. 10, issue 2/3, 114-128

Abstract: There is a general consensus that in a competitive business environment, firms' performance will depend on their capacity to innovate. To clarifying how, when and to what extent innovation affects the market and financial performance of firms, the authors deploy seemingly unrelated regression equation model to examine innovation in over 500 Portuguese firms from 1998 to 2004. The results confirm, as theorists have frequently assumed, that innovation positively affects firms' performance; but they also suggest that the reverse is true, a result that is less intuitively obvious, given the complexity of the innovation process and local, national and global competitive environments.

Keywords: innovation determinants; market performance; financial performance; community innovation surveys; SURE; seemingly unrelated regression equations; Portugal; competitive environments; local environments; national environments; global environments; management; enterprise development. (search for similar items in EconPapers)
Date: 2011
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