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Performance of innovation activity of small enterprises in the collaboration with large business

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  • V. Gryga, S. Bohdan, N. Isakova

Abstract

The paper is devoted to analysis of the impact of two factors on economic efficiency of small enterprises. The first one is their innovative activities and the second one is their cooperation with large enterprises. The research was done based on data collected by authors during a survey of small enterprises' managers in Chernihiv region. The methodology of the research is based on the analysis of variance techniques of the received data. To perform it, all data were put on ordinal ranking scale and were analyzed using T-test and One-way ANOVA methods. The results of the analysis confirmed the idea that innovation and economic efficiency are interconnected issues. Moreover, the strongest impact on the income of small enterprises is made by technological innovation (e.g. new products, use of new materials and new technologies) rather than organizational improvements. Also, it was proved that cooperation between small and large enterprises positively influences the innovation and economic performance of small companies, in particular in case of production cooperation as well as permanent interaction between them.

Suggested Citation

  • V. Gryga, S. Bohdan, N. Isakova, 2014. "Performance of innovation activity of small enterprises in the collaboration with large business," Economy and Forecasting, Valeriy Heyets, issue 2, pages 94-104.
  • Handle: RePEc:eip:journl:y:2014:i:2:p:94-104
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