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The impact of knowledge spillovers and innovation on firm-performance: findings from the Balkans countries

Veland Ramadani (), Hyrije Abazi-Alili (), Léo-Paul Dana (), Gadaf Rexhepi () and Sadudin Ibraimi ()
Additional contact information
Veland Ramadani: South-East European University
Hyrije Abazi-Alili: South-East European University
Léo-Paul Dana: Montpellier Business School
Sadudin Ibraimi: South-East European University

International Entrepreneurship and Management Journal, 2017, vol. 13, issue 1, No 14, 299-325

Abstract: Abstract This paper investigates factors affecting firm performance. Using data from Business Environment and Enterprise Performance Surveys (BEEPS 2013–2014), findings indicate that the following have a positive effect on firm performance: (i) innovative activities; (ii) knowledge spillovers; (iii) foreign ownership; and (iv) the proportion of skilled workers in the workforce. The paper therefore argues that innovation activities are endogenously related to firm performance, and that the performance of firms is influenced by knowledge spillovers and innovation activities, among other firm characteristics. The paper contributes to the literature by identifying spillovers and innovation activities as causal variables of firm performance—a novel approach to investigating knowledge spillovers and innovation activities.

Keywords: Knowledge spillovers; Innovation; Performance; Balkans; Business Environment and Enterprise Performance Surveys (BEEPS) (search for similar items in EconPapers)
Date: 2017
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