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How Could Ecuadorian Firms Survive To The Pandemic? Innnovating

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  • HERRERO-OLARTE, Susana
  • LOPEZ-PINAR, Ivan
  • TORRENT, Joan

Abstract

The pandemic of Covid-19 has caused the biggest shock in the economy since the Second World War. In this paper, we studied we study what conditioned the capability of the companies in Quito, Ecuador, to continuous operating in the new Covid-19 reality. The hypothesis remains that innovative firms have a greater capacity to adapt to the pandemic. We apply a probabilistic and ordinary least squares model. We use the data of a survey built to 1,730 SMEs in Quito between April and May of 202. We confirm that the probability to continuous operating number of the companies in Quito was related to the innovations developed after the pandemic started. We also explore the role of innovation is contrasted, both by diversity and typology. This paper contributes to the idea that innovation is fundamental to the future of the firms also in a little innovative country.

Suggested Citation

  • HERRERO-OLARTE, Susana & LOPEZ-PINAR, Ivan & TORRENT, Joan, 2023. "How Could Ecuadorian Firms Survive To The Pandemic? Innnovating," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 23(1), pages 33-50.
    • Handle: RePEc:eaa:eerese:v:23:y2023:i:1_3
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    References listed on IDEAS

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    1. Zoltan J. Acs & David B. Audretsch, 2008. "Innovation in Large and Small Firms: An Empirical Analysis," Chapters, in: Entrepreneurship, Growth and Public Policy, chapter 1, pages 3-15, Edward Elgar Publishing.
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    5. Lin, Hai-Fen & Su, Jing-Qin & Higgins, Angela, 2016. "How dynamic capabilities affect adoption of management innovations," Journal of Business Research, Elsevier, vol. 69(2), pages 862-876.
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    Cited by:

    1. Nilba Feijó-Cuenca & Nuria Ceular-Villamandos & Virginia Navajas-Romero, 2023. "Behavioral Patterns That Influence the Financing Choice Models of Small Enterprises in Ecuador through Latent Class Analysis," Sustainability, MDPI, vol. 15(8), pages 1-17, April.

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    More about this item

    Keywords

    Pandemic; economic shock; innovation; Ecuador;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods
    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General

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