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Firm characteristics, financial variables and types of innovation: influence in Spanish firms' survival

Author

Listed:
  • Manuel Ángel Nogueira
  • Sara Fernández-López
  • Nuria Calvo
  • David Rodeiro-Pazos

Abstract

Much emphasis has been placed on the importance of firms' innovation to survive and prosper in today's economic environment. At the same time, it is generally accepted that innovation often increases the financial risk of firms and, as a result, their failure risk. Using a dataset of 148 Spanish SMEs, we analyse the impact of innovative activities on firms' survival over the period 2010-2012. The results show that the firms' financial performances have important effects on survival with regard to innovative activities: whereas commercial innovation keeps the firm away from bankruptcy, product innovation increases the survival chances of firms. The novelty of this research is the use of a systemic approach that interrelates financial variables, innovation and firm survival.

Suggested Citation

  • Manuel Ángel Nogueira & Sara Fernández-López & Nuria Calvo & David Rodeiro-Pazos, 2018. "Firm characteristics, financial variables and types of innovation: influence in Spanish firms' survival," International Journal of Entrepreneurship and Innovation Management, Inderscience Enterprises Ltd, vol. 22(1/2), pages 57-79.
    • Handle: RePEc:ids:ijeima:v:22:y:2018:i:1/2:p:57-79
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    Citations

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    Cited by:

    1. María Dolores García-Gallo & Félix Jiménez-Naharro & Miguel Torres-García & Susan L. Giesecke & José Guadix-Martín, 2020. "Incorporation of the Intangibles into the Spanish Start-Ups by Activity Sector and Region. Improving Their Economic Sustainability," Sustainability, MDPI, vol. 12(10), pages 1-20, May.
    2. Jiao, Jian-ling & Zhang, Xiao-lan & Tang, Yun-shu, 2020. "What factors determine the survival of green innovative enterprises in China? -- A method based on fsQCA," Technology in Society, Elsevier, vol. 62(C).
    3. Mehmet Civelek & Vladimír Krajèík & Vendula Fialova, 2023. "The impacts of innovative and competitive abilities of SMEs on their different financial risk concerns: System approach," Oeconomia Copernicana, Institute of Economic Research, vol. 14(1), pages 327-354, March.
    4. Lee, Jun-won, 2021. "Analysis of technology-related innovation characteristics affecting the survival period of SMEs: Focused on the manufacturing industry of Korea," Technology in Society, Elsevier, vol. 67(C).

    More about this item

    Keywords

    firm survival; innovation; R%D; SMEs.;
    All these keywords.

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