Determinants of Innovation-based Sustainability in Transition and Developing Economies

Kuzman Tanja (), Bellos Sotirios K. () and Đulić Katarina ()
Additional contact information
Kuzman Tanja: Management School, University of Sheffield, Sheffield, United Kingdom
Bellos Sotirios K.: International Faculty-CITY College, University of Sheffield, Thessaloniki, Greece
Đulić Katarina: FEFA, Metropolitan University, Belgrade, Serbia

Economic Themes, 2018, vol. 56, issue 3, 413-438

Abstract: Technological advancement enhanced by rising competition in a globalising world led to the acceleration of innovation activity. Literature implies that corruption, share of state ownership, and expertise of top management can have a strong influence on firms’ performance and innovation-based sustainability. Using the BEEPS 2012-2014 database, this paper applies cross section analysis to examine this literature implication. Our results imply that larger manufacturing enterprises with experienced top management and international quality assurance certificates that operate in environments with increased corruption levels and competition have higher levels of innovation. In addition, the results show that state ownership is insignificant for innovation activity. In terms of regional analysis, we find that corruption, top management experience, and possession of international quality assurance certificates lead to an increase in product innovation in Balkan and former Soviet countries, while these factors do not create any significant impact on innovation activity within Central European countries. Enterprises faced with fierce competition levels are more innovative in former Soviet and Central European countries than in the Balkans.

Keywords: innovation; competition; corruption; state-owned enterprises (search for similar items in EconPapers)
JEL-codes: D21 G34 M21 O31 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.2478/ethemes-2018-0024 (text/html)

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:vrs:ecothe:v:56:y:2018:i:3:p:413-438:n:8

DOI: 10.2478/ethemes-2018-0024

Access Statistics for this article

Economic Themes is currently edited by Marija Radosavljević

More articles in Economic Themes from Sciendo
Bibliographic data for series maintained by Peter Golla ().