Innovation is widely considered as the main determinant of long-term economic growth. Despite this consensus, it is arduous to measure its economic effect at the firm and aggregate level. The objective of the present paper is to propose a critical examination of innovation indicators and...

Objective: The main objective of the article is to examine the effect of organisational learning orientation (OLO) and absorptive capacity (AC) on innovation capability (IC). Research Design & Methods: The hypotheses were tested on a sample of 239 respondents. Hypotheses were verified by means...

Using a rich panel dataset of SMEs active in the manufacturing sector in Viet Nam, this paper investigates the drivers of firm productivity, focusing on the role played by international management standards certification. We develop and test the hypothesis that, controlling for technological...

This paper studies how innovation strategies of Russian manufacturing firms affect various features of firm performance. A multi stage model is used, which relates the firm's decision to undertake R&D to its innovation output, technical efficiency, labor productivity, and growth. We also include...

This paper proposes an endogenous growth model to study whether innovation activities generate business cycles. We find that fishing-out and learning-by-doing effects, which are common properties in innovation activities, generate inverted U-shaped cycles. In this paper, primary and secondary...

Microfinance is the provision of financial services to the financially excluded, usually the poor. We use literature reviews and descriptive research to present different aspects of the relationship of the microfinancial services to microenterprise. The first thrust in this field had been from...

To innovate, firms constitute a ‘knowledge-capital’, defined as a set of information and knowledge produced, acquired and used in the value creation process. In this paper, we focus on small and medium-sized companies (SMEs) and study their ability to develop their own knowledge-capital as...

This paper examines how productivity effects of human capital and innovation vary at different points of the conditional productivity distribution. Our analysis draws upon two large unbalanced panels of 6,634 enterprises in Germany and 14,586 enterprises in the Netherlands over the period...

This paper analyses the determinants of different innovation types. Beside a wide range of firm characteristics also the effects of regional factors are estimated using three-level random effect logit models which account for the clustered and longitudinal structure of the data. The analyses...

Firm innovation capacity depends not only on internal capabilities, but also on external expertise and knowledge acquired through cooperation. This paper analyzes direct and indirect effect of R&D cooperation on the innovation of Italian firms. Using a multivariate probit model to account for...