Revisiting the Factors Driving Firms' Innovation Performances: the Case of Visegrad Countries

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25410%2F21%3A39916150" target="_blank" >RIV/00216275:25410/21:39916150 - isvavai.cz</a>

Result on the web

<a href="https://link.springer.com/article/10.1007/s13132-020-00669-7" target="_blank" >https://link.springer.com/article/10.1007/s13132-020-00669-7</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1007/s13132-020-00669-7" target="_blank" >10.1007/s13132-020-00669-7</a>

Result language

angličtina

Original language name

Revisiting the Factors Driving Firms' Innovation Performances: the Case of Visegrad Countries

Original language description

This study examines the various factors that drive firms&apos; innovations in Visegrad countries. For the empirical analysis, we used data from the Eurostat Community Innovation Survey 2012-2014 and the probit regression model. The probit regression analysis finds that the main drivers of innovations in these countries are competing in foreign markets, engaging in innovation activities such as R&amp;D and in-house training activities. We find that engaging in R&amp;D was probable to improve product innovations by 48%, process and organizational innovations by 27% and market innovations by 22%. The study also finds that public subsidies for innovations from local, central and EU sources significantly influenced firm-level innovations. Lastly, innovations in these countries were also significantly and positively stimulated by certain firm characteristics such as size and ownerships. In this respect, policy makers and industry management should consider increasing their investments for research and development and its related activities inter alia to improve innovation performance.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

50601 - Political science

Project

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Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2021

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Journal of the Knowledge Economy

ISSN

1868-7865

e-ISSN

—

Volume of the periodical

12

Issue of the periodical within the volume

3

Country of publishing house

CH - SWITZERLAND

Number of pages

14

Pages from-to

1331-1344

UT code for WoS article

000543332200001

EID of the result in the Scopus database

2-s2.0-85086862155