The performance effect of innovation in shipping companies

Jan Inge Jenssen and Trond Randøy

Maritime Policy & Management, 2006, vol. 33, issue 4, 327-343

Abstract: The aim of this study is to investigate how innovation contributes to company performance in Norwegian shipping and to extend our knowledge concerning what organizational and inter-organizational factors influence innovation in shipping firms. The study is based on a survey of 46 Norwegian shipping companies. We find that innovation contributes to firm performance. We also find that a conscious strategy, strategy involvement, external relationships, especially market relationships, and productivity slack have a significant positive effect on the degree of innovation. The results are dependent upon the companies’ degree of differentiation and the type of innovation.

Date: 2006
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DOI: 10.1080/03088830600895485

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