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Relationship between Innovation and Internationalization of Slovenian Internationalized Companies

Author

Listed:
  • Mitja Ruzzier

    (University of Primorska, Slovenia)

  • Jana Hojnik

    (University of Primorska, Slovenia)

  • Aleš Lipnik

    (University of Primorska, Slovenia)

Abstract

Our purpose was to explore the relationship between two strategic directions, innovation and internationalization, based on a sample of 108 most internationalized Slovenian companies. We have tested with regression analysis the relationship between two factors of innovation (product and process innovation) and the dependent variables of internationalization (qualitative and quantitative scope of internationalization: number of operation modes, number of foreign markets and share of foreign sales on foreign markets). The results indicated that all models consisted of product innovation and internationalization (as dependent variable) have showed a statistical significance and can be supported, while we cannot support neither one model for the relationship between process innovation and internationalization. Our conclusions suggest that product innovations are determinants of internationalization for Slovenian internationalized companies, while process innovations, were not statistically significant based on research conducted on Slovenian internationalized companies.

Suggested Citation

  • Mitja Ruzzier & Jana Hojnik & Aleš Lipnik, 2013. "Relationship between Innovation and Internationalization of Slovenian Internationalized Companies," MIC 2013: Industry, Science and Policy Makers for Sustainable Future; Proceedings of the 14th International Conference, Koper, 21–23 November 2013 [Selected Papers],, University of Primorska, Faculty of Management Koper.
    • Handle: RePEc:mgt:micp13:579-595
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    References listed on IDEAS

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