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Does Innovation Mediate Good Firm Performance?

Gilberto M. Llanto and Fatima Lourdes E. del Prado

No RPS 2016-02, Research Paper Series from Philippine Institute for Development Studies

Abstract: Aside from physical capital and human resource, private firms are also advised to invest in innovations to be more productive and profitable. However, it is important to ensure such investment is well-spent. This study found that product and process innovations do lead to increase in sales and profits, and improve labor productivity. It also showed that firm size, age, and foreign equity are important factors leading firms to innovate.

Keywords: Philippines; innovation; small and medium enterprises; process innovation; firm performance; product innovation; SMEs (search for similar items in EconPapers)
Date: 2016
New Economics Papers: this item is included in nep-bec, nep-cse, nep-eff, nep-ent, nep-ino, nep-sbm and nep-sea
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Persistent link: https://EconPapers.repec.org/RePEc:phd:rpseri:rps_2016-02

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