Innovation in times of crisis: A systematic literature review

Today the world faces significant economic and financial crises, which have drawn firms into high levels of uncertainty directly influences their innovation strategies. The literature on organizational decline reveals a lack agreement about effects innovation. This study aims to shed light how crisis affects provide comprehensive picture constraints determinants with focus environmental factors. To add extant knowledge in area innovativeness crisis, systematic review using Preferred Reporting Items for Systematic Reviews Meta-Analyses was conducted. 70 conceptual empirical research articles published period 2000–2021 from highly ranked journals according Association Business Schools rating were reviewed. article presents three identified patterns related firm’s behaviour crisis: а cyclical most companies reduce costs become more unwilling engage activities, neutral view keep status quo, counter-cyclical when tend boost activities. behaviours are contingent several factors that hamper Furthermore, findings suggest positively performance context this impact is upon level turbulence. contributes adaptation adverse environments. offers nuanced understanding main strategies respond downturn at firm country level, highlights benefits turbulent settings gives detailed description play an important role counteracting negative effect firms’ investment innovations.