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Appraisal of the factors contributing to European small and medium enterprises innovation performance

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dc.title Appraisal of the factors contributing to European small and medium enterprises innovation performance en
dc.contributor.author Odei, Michael Amponsah
dc.contributor.author Novák, Petr
dc.relation.ispartof Problems and Perspectives in Management
dc.identifier.issn 1727-7051 Scopus Sources, Sherpa/RoMEO, JCR
dc.date.issued 2020
utb.relation.volume 18
utb.relation.issue 2
dc.citation.spage 102
dc.citation.epage 113
dc.type review
dc.language.iso en
dc.publisher LLC CPC Business Perspectives
dc.identifier.doi 10.21511/ppm.18(2).2020.10
dc.relation.uri https://businessperspectives.org/problems-and-perspectives-in-management/issue-350/appraisal-of-the-factors-contributing-to-european-small-and-medium-enterprises-innovation-performance
dc.subject Competitiveness en
dc.subject Europe en
dc.subject Innovation en
dc.subject Ordinary least squares en
dc.subject Productivity en
dc.subject SMEs en
dc.subject Turnover en
dc.description.abstract Small and Medium Enterprises (SMEs) play a vital role in driving job creation and Gross Domestic Product (GDP) growth in all economies worldwide. Their increasing importance also means that they must be innovative enough to survive and be sustainable, improve their productivity and competitiveness. It is pertinent for European SMEs to know the contributing factors driving their innovations, which will enable them to channel their limited resources to ensure they achieve their innovation goals. This paper examined the various factors that stimulate innovations within SMEs. Using the ordinary least squares regression analysis and data from the European Innovation Survey, the authors analyzed 296 European SMEs between 2011 and 2018. The results show that intellectual assets, financial support, firm investment, and human resources all significantly contribute to firm’s sales output across Europe. Conversely, it was found that financial support and innovation linkages were not significant predictors of firms’ innovations. The results are important for SMEs managers who are aiming to be innovative and improve their productivity. The study can serve as a practical guide on how SMEs can ameliorate their innovation potentials and activities. © Michael Amponsah Odei, Petr Novak, 2020. en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1009691
utb.identifier.scopus 2-s2.0-85084565870
utb.source j-scopus
dc.date.accessioned 2020-05-27T10:12:51Z
dc.date.available 2020-05-27T10:12:51Z
dc.rights Attribution 4.0 International
dc.rights.uri http://creativecommons.org/licenses/by/4.0/
dc.rights.access openAccess
utb.contributor.internalauthor Odei, Michael Amponsah
utb.contributor.internalauthor Novák, Petr
utb.fulltext.sponsorship The paper has been prepared with the support of the grant TBU No. IGA/FaME/2020/004 provided by the Internal Grant Agency of the Faculty of Management and Economics of Tomas Bata University in Zlín.
utb.scopus.affiliation Faculty of Management and Economics, Tomas Bata University, Zlín, Czech Republic; Faculty of Management and Economics, Tomas Bata University, Zlín, Czech Republic
utb.fulltext.projects IGA/FaME/2020/004
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