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Innovation and the export performance of firms in transition economies: the relevance of the business environment and the stage of transition

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  • Fisnik Reçica
  • Iraj Hashi
  • Ian Jackson
  • Besnik A. Krasniqi

Abstract

This paper investigates the impact of product and process innovation on firms' export performance in transition economies (TEs) which embarked on a systemic change from a planned to a market economy in the early 1990s. The research builds on the technology gap theory and the analysis of the self-selection of firms into the export market. Unlike other studies that have focused on the export behaviour of firs in developed economies where business environment is generally stable and favourable, the paper controls for the relevance of business environment and the stage of transition on export performance of firms. The paper uses the firm-level Business Environment and Performance Survey data undertaken by the European Bank for Reconstuction and Development in 2002, 2005 and 2008 in 29 TEs. Findings show that the impact of innovation on export performance increases with the transition reforms. Macroeconomic instability acts as a moderating factor of export performance in countries at high transition stage, as it pushes firms to export more, as a risk shifting echanism. The main implication of the study is that the impact of some explanatory factors on export performance differs through the stages of transition.

Suggested Citation

  • Fisnik Reçica & Iraj Hashi & Ian Jackson & Besnik A. Krasniqi, 2019. "Innovation and the export performance of firms in transition economies: the relevance of the business environment and the stage of transition," International Journal of Entrepreneurship and Small Business, Inderscience Enterprises Ltd, vol. 38(4), pages 476-506.
    • Handle: RePEc:ids:ijesbu:v:38:y:2019:i:4:p:476-506
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    Citations

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    Cited by:

    1. Jackson, Emerson Abraham, 2020. "Economics of Technology Innovation for Sustainable Growth – With reference to Sub-Saharan Africa (SSA)," MPRA Paper 101787, University Library of Munich, Germany, revised 27 May 2020.
    2. Vehbi Ramaj & Anita Cucovic & Gezim Jusufi, 2022. "Innovation as a Success Key for Manufacturing SMEs: Empirical Insights from Kosovo," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 113-127.
    3. Alfonso Expósito & Juan A. Amparo Sanchis-Llopis & Juan A. Juan A. Sanchis-Llopis, 2023. "Does entrepreneur gender matter in SMEs performance? The role of innovations," Working Papers 2308, Department of Applied Economics II, Universidad de Valencia.
    4. Huimin Liu & Yupeng Shi & Xuze Yang & Wentao Zhang, 2023. "The Role of Business Environment and Digital Government in Mitigating Supply Chain Vulnerability—Evidence from the COVID-19 Shock," Sustainability, MDPI, vol. 15(3), pages 1-15, January.
    5. Kotorri Mrika & Krasniqi Besnik A., 2018. "Managerial Characteristics and Export Performance – Empirical Evidence from Kosovo," South East European Journal of Economics and Business, Sciendo, vol. 13(2), pages 32-48, December.
    6. Alfonso Expósito & Amparo Sanchis-Llopis & Juan A. Sanchis-Llopis, 2023. "CEO gender and SMEs innovativeness: evidence for Spanish businesses," International Entrepreneurship and Management Journal, Springer, vol. 19(3), pages 1017-1054, September.
    7. Gupta, Parul & Chauhan, Sumedha, 2021. "Firm capabilities and export performance of small firms: A meta-analytical review," European Management Journal, Elsevier, vol. 39(5), pages 558-576.

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