Innovation and Financial Performance in Manufacturing Companies: an Empirical Study Tunisian

Jamel Chouaibi ()
Additional contact information
Jamel Chouaibi: University of Sfax-Tunisia

Journal of the Knowledge Economy, 2021, vol. 12, issue 4, No 15, 1870-1890

Abstract: Abstract This study focuses on the innovation activities as determinants of the financial value of the firm. This approach breaks with the binary approach to measure the degree of innovation and replaces it by an aggregative index. The innovation level corresponding to a set of innovation activities is reported on the basis of a “scoring” for the processed industrial enterprises. On the basis of this proposal, we develop a quantitative measure of the level of innovation in order to evaluate the impact of innovation on the financial performance, controlling for some other variables. On a sample of 95 Tunisian industrial companies, empirical results showed that financial performance depends on the realization of innovation activities and the disclosure of these innovation activities. The empirical research field is Tunisia. In fact, it is an example of a developing country that has been involved in an important national program since 1995 of upgrading companies to help them cope with international competition. This national program is also meant to restructure Tunisian companies by encouraging them to invest in intangible investment so as to stimulate innovation which leads to a sustainable competitive advantage.

Keywords: Innovation index; Financial performance; Investment; Disclosure (search for similar items in EconPapers)
JEL-codes: G31 O31 O32 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://link.springer.com/10.1007/s13132-020-00692-8 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:jknowl:v:12:y:2021:i:4:d:10.1007_s13132-020-00692-8

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/13132

DOI: 10.1007/s13132-020-00692-8

Access Statistics for this article

Journal of the Knowledge Economy is currently edited by Elias G. Carayannis

More articles in Journal of the Knowledge Economy from Springer, Portland International Center for Management of Engineering and Technology (PICMET)
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().