the popular press, as well as most academic literature, claims that innovation activities areinherently linked to higher company performance. successful innovations usually increase the firm’s marketscope or reduce costs, helping firms to obtain superior benefits. therefore, most innovations are developedwith those objectives in mind. environmental orientation is defined as the managerial recog...

The paper elaborates the notion of innovation as an emerging property of complex system dynamics and presents an agent-based simulation model (ABM) of an economy where systemic knowledge interactions among heterogeneous agents are crucial for the recombinant generation of new technological knowledge and the introduction of innovations. In this approach the organization of the system plays a cru...

This paper uses data from the flat panel display industry to explore the relationship between firms' strategies to share knowledge with their innovation system and innovative performance. Four particularly interesting findings emerged. First, some firms chose to share knowledge with their innovation system. Second, firms that shared knowledge with their global innovation system earned higher in...

We examine micro-level channels of how financial development can affect macroeconomic outcomes like the level of income and export intensity. We investigate theoretically and empirically how financial constraints affect a firm’s innovation and export activities, using unique firm survey data which provides direct measures for innovations and firm-specific financial constraints. We find that fin...

In this paper we focus on SMEs in Croatia operating in the manufacturing and services sectors and seek to compare them in terms of their involvement in innovation activities, the factors that determine their decision to innovate in general and in four types of innovations in particular: product/service, process, organisational and marketing innovations. The analysis relies on the Croatian Commu...