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Innovation Activities and Financial Performance: The Case of Kosovo

In: Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference, Split, Croatia, 6-8 September 2018

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  • Latifaj, Arbnora

Abstract

The aim of this research is to investigate the impact of innovation activities and its determinants on firm performance. For the empirical analysis of the study we use Business Environment Enterprise Performance Surveys (BEEPS) firm-level data conducted by the World Bank and the European Bank for Reconstruction and Development (EBRD) in 2013-2014. To examine the relationship between innovation activities and its determinants to firm performance we applied multiple regression analysis and descriptive statistics on 202 companies from Kosovo. Moreover, empirical evidence results of neighbouring countries were compared to our findings for each determinant and its effect on firm performance. By investigating the innovation-performance relationship we found sufficient evidence that supports the main hypothesis. As for the innovation determinants our results indicate that factors as domestic ownership, age, and training affect the tendency of firms to innovate, thus positively affecting firm performance.

Suggested Citation

  • Latifaj, Arbnora, 2018. "Innovation Activities and Financial Performance: The Case of Kosovo," Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference (2018), Split, Croatia, in: Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference, Split, Croatia, 6-8 September 2018, pages 183-190, IRENET - Society for Advancing Innovation and Research in Economy, Zagreb.
    • Handle: RePEc:zbw:entr18:183828
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    References listed on IDEAS

    as
    1. Naciba Haned & Caroline Mothe & Thuc Uyen Nguyen-Thi, 2014. "Firm persistence in technological innovation: the relevance of organizational innovation," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 23(5-6), pages 490-516, September.
    2. Naciba Haned & Caroline Mothe & Thuc Uyen Nguyen-Thi, 2014. "Firm persistence in technological innovation: the relevance of organizational innovation," Post-Print halshs-01496526, HAL.
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    More about this item

    Keywords

    innovation activities; firm performance; ownership structure; training;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • M53 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Training

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