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The performance of entrepreneurial small‐ and medium‐sized enterprises

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  • Pedro Carmona
  • Alexandre Momparler
  • Clara Gieure

Abstract

Innovation is an important driver of economic growth for it leads to new products and services, enhanced quality, and lower prices. In an increasingly competitive global market, innovation turns out to be essential to secure a viable competitive position. Although there is no perfect correspondence between accounting intangible assets and innovation activities, the association between these two concepts is close enough to take investment in intangible assets as a proxy for entrepreneurship and innovation. To identify differences between innovative and non‐innovative small and medium enterprises in the service industry, both descriptive and statistical analyses are performed on financial data for the period 2007--2009. The results obtained show that, although with some exceptions, innovative firms generally have better economic and financial performance than non‐innovative companies.

Suggested Citation

  • Pedro Carmona & Alexandre Momparler & Clara Gieure, 2012. "The performance of entrepreneurial small‐ and medium‐sized enterprises," The Service Industries Journal, Taylor & Francis Journals, vol. 32(15), pages 2463-2487, January.
  • Handle: RePEc:taf:servic:v:32:y:2012:i:15:p:2463-2487
    DOI: 10.1080/02642069.2012.677832
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    References listed on IDEAS

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    1. Carol Corrado & Charles Hulten & Daniel Sichel, 2009. "Intangible Capital And U.S. Economic Growth," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 55(3), pages 661-685, September.
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    Cited by:

    1. Lijun Xu & Yun Zhu & Chuanyang Ruan & Weijin Shi, 2021. "Excessive Ties in Entrepreneurship Can Hurt: How Excess Entrepreneurial Ties Bring Negative Effects to the Firm," SAGE Open, , vol. 11(2), pages 21582440211, June.
    2. Zhao Wang & Xiaobing Liu & Qinhua Liu, 2019. "Study of the Relationship between Political Connections and Corporate Re-Entrepreneurial Performance," Sustainability, MDPI, vol. 11(15), pages 1-28, July.

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