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Firm size and innovation: a meta-analysis applied to OECD countries and partner economies

Author

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  • Elias Alvarado Lagunas

    (Universidad Autonoma de Nuevo Leon. Mexico.)

Abstract

Objective: to estimate the relationship between firm size and innovation capacity in OECD countries and key partners, considering contextual disparities and moderating factors.Methodology: a meta-analysis was conducted on 51 empirical studies published between 2000 and 2023, with a combined sample of 65 001 firms. An importance-performance matrix and a multivariate meta-regression model were used to analyze moderators.Results: a positive and significant relationship was found between firm size and innovation (z=0.233), with high heterogeneity (I2=98.3%) and no publication bias.Limitations: the study is limited to data from OECD countries or affiliates; therefore, the results are not generalizable.Originality: this is the first meta-analysis from Mexico on this relationship. It provides a novel, replicable, and comparative methodological approach.Conclusions: firm size influences innovation, but other factors such as institutional environment, national development level, and business strategy also play a key role.

Suggested Citation

  • Elias Alvarado Lagunas, 2025. "Firm size and innovation: a meta-analysis applied to OECD countries and partner economies," EconoQuantum, Revista de Economia y Finanzas, Universidad de Guadalajara, Centro Universitario de Ciencias Economico Administrativas, Departamento de Metodos Cuantitativos y Maestria en Economia., vol. 22(2), pages 55-80, July-Dece.
    • Handle: RePEc:qua:journl:v:22:y:2025:i:2:p:55-80
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    JEL classification:

    • C44 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Operations Research; Statistical Decision Theory
    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance

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