Determinants of innovation: a multivariate analysis in Colombian micro, small and medium-sized enterprises

• Autores: Restrepo-Morales,Jorge Aníbal, Loaiza, Osmar Leandro, Vanegas, Juan Gabriel
• Formato: artículo
• Fecha de Publicación: 2019
• Institución: Universidad ESAN
• Repositorio: ESAN-Institucional
• Lenguaje: inglés
• OAI Identifier: oai:repositorio.esan.edu.pe:20.500.12640/2562
• Enlace del recurso: https://revistas.esan.edu.pe/index.php/jefas/article/view/84; https://hdl.handle.net/20.500.12640/2562; https://doi.org/10.1108/JEFAS-09-2018-0095
• Nivel de acceso: acceso abierto
• Materia: Innovation; MSME performance; Product and process innovation; Alliances; ANOVA; Innovación; Desempeño de MIPYMES; Innovación de productos y procesos; Alianzas; https://purl.org/pe-repo/ocde/ford#5.02.04

Purpose – This paper aims to study the influence of innovation on micro, small and medium-sized enterprises (MSME) performance in Colombia through the 403 MSMES survey analysis. In particular, this paper measures the effect of participation in R&D alliances, product innovation and process innovation on it. Design/methodology/approach – MSME performance is measured through a composite index, estimated through principal components analysis using polychoric correlations, which is based on eight self-reported assessments of MSME performance. Then, this measure of performance is related to MSME participation in R&D alliances and the product and process development stance of the MSME based on an adaptation of the Miles and Snow business classification scheme, by means of an ANOVA and a linear regression. Findings – Colombian SMEs are not significantly benefitted from participation on R&D alliances. Instead, their performance appears to be dependent upon their internal innovation efforts directed to product development. Moreover, the results suggest that imitators get a performance almost as high as innovators. Originality/value – Innovation activities in Colombian SMEs are carried out informally, as they aremostly uninterested to engage in R&D activities and to develop new products by own initiative. Moreover,few of them have an R&D department. In regard to technology, results suggest that almost half of SMEs are classified as followers, namely, they use the same technology as competitors.