Economics at your fingertips  

Exploring how innovation strategies at time of crisis influence performance: a cluster analysis perspective

Marcel Ausloos (), Francesca Bartolacci, Nicola G. Castellano and Roy Cerqueti ()

Papers from

Abstract: This paper analyzes the connection between innovation activities of companies -- implemented before crisis -- and their performance -- measured at time of crisis. The companies listed in the STAR Market Segment of the Italian Stock Exchange are analyzed. Innovation is measured through the level of investments in total tangible and intangible fixed assets in 2006-2007, while performance is captured through growth -- expressed by variations of sales, total assets and employees -- profitability -- through ROI or ROS -- and productivity -- through asset turnover or sales per employee in the period 2008-2010. The variables of interest are analyzed and compared through statistical techniques and by adopting cluster analysis. In particular, a Voronoi tessellation is also implemented in a varying centroids framework. In accord with a large part of the literature, we find that the behavior of the performance of the companies is not univocal when they innovate.

Date: 2018-08
New Economics Papers: this item is included in nep-eur, nep-ino and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6) Track citations by RSS feed

Published in Technology Analysis & Strategic Management 30(4), 484-497 (2018)

Downloads: (external link) Latest version (application/pdf)

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:

Access Statistics for this paper

More papers in Papers from
Bibliographic data for series maintained by arXiv administrators ().

Page updated 2021-04-09
Handle: RePEc:arx:papers:1808.05893