Innovative Firms or Innovative Owners? Determinants of Innovation in Micro, Small, and Medium Enterprises Innovation is key to technology adoption and creation, and to explaining the vast differences in productivity across and within countries. Despite the central role of the entrepreneur in the innovation process, data limitations have restricted standard analysis of the determinants of innova...

This paper characterizes the innovation strategy of manufacturing firms and examines the relation between the innovation strategy and important industry-, firm-and innovation-specific characteristics using Belgian data from the Eurostat Community Innovation Survey. In addition to important size effects explaining innovation, we find that high perceived risks and costs and low appropriability of...

Context: New products create significant opportunities for differentiation and competitive advantage. To increase the chances of new product success, a universal set of critical activities and determinants have been recommended. Some researchers believe, however, that these factors are not universal, but are contextual. Objective: This paper reports innovation processes followed to develop thre...

It tends to be generally recognized that firms need to be innovative in order to sustain their competitive advantage (e.g. Brown and Eisenhardt, 1997; Cohen and Levinthal, 1990; Leonard-Barton, 1995; McGrath, 2001; Tsai, 2001). Innovation can be regarded as a business process which creates unique and perceptive ideas that are being pushed towards commercial success (e.g. Verloop, 2004). With th...

The successful deployment of the energy transition relies on a deep reorganization of the energy market. Business model innovation is recognized as a key driver of this process. This work contributes to this topic by providing to potential local energy management (LEM) stakeholders and policy makers a conceptual framework guiding the LEM business model innovation. The main determinants characte...

The company’s ability to draw on a range of external sources to meet their needs for innovation, has been termed ‘open innovation’ (OI). Very few empirical analyses have been conducted on Small and Medium Enterprises (SMEs) to the extent that they describe and understand the characteristics and implications of this new paradigm. The study's objective is to identify and characterize different mo...

The labour productivity impact of innovation of manufacturing firms in Bangladesh and Pakistan, a highly neglected region for such studies compared with the developed world, is studied in this paper by using World Bank Enterprise Survey data conducted in 2006. To achieve this end, we apply the Cobb-Douglas production function, augmented with innovation-related (and other expected sources of pro...

Significant progress has been made in recent years in the development of enterprise policy in the Western Balkans. Issues remain, however, in the support provided for innovative enterprises. In this paper we use data from the 2005 Business Environment and Enterprise Performance Survey to identify the determinants of innovation in locally-owned firms in the Western Balkans and compare these to t...

Non-R&D innovation is a common economic phenomenon, though R&D has been the central focus of policy making and scholarly research in the field of innovation. An analysis of the third European Community Innovation Survey (CIS-3) results for 15 countries finds that almost half of innovative European firms did not perform R&D in-house. Firms with weak in-house innovative capabilities and which sou...