Innovation and firm performance

Jeroen de Jong, Ron Kemp, Mickey Folkeringa and Wubben

No H200207, Scales Research Reports from EIM Business and Policy Research

Abstract: In this paper, the current state of knowledge regarding the relation between innovation and firm performance is reviewed. The relationship is empirically tested. There is a special focus on small and medium-sized firms. In the literature, there is a trend towards a system approach. Empirical studies using this approach distinguish four parts in the innovation-performance relationship. First of all, a company decides whether or not to innovate. Secondly, if a company decides to innovate, what is the level of input in innovation. The innovative input will be transformed into innovative output. And finally, the innovative output will result in a better firm performance. In the model several feedback loops are incorporated, for instance, from firm performance to innovative input.

Pages: 67 pages
Date: 2003-01-21
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Citations: View citations in EconPapers (45)

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http://www.entrepreneurship-sme.eu/pdf-ez/H200207.pdf (application/pdf)

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Working Paper: Innovation and firm performance (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:eim:papers:h200207

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