Pulling the Plug? Investigating Firm-Level Drivers of Innovation Project Termination
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F26867184%3A_____%2F18%3AN0000021" target="_blank" >RIV/26867184:_____/18:N0000021 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.1109/TEM.2018.2798922" target="_blank" >http://dx.doi.org/10.1109/TEM.2018.2798922</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1109/TEM.2018.2798922" target="_blank" >10.1109/TEM.2018.2798922</a>
Alternative languages
Result language
angličtina
Original language name
Pulling the Plug? Investigating Firm-Level Drivers of Innovation Project Termination
Original language description
Firms need to innovate and develop dynamic capabilities to create a sustainable competitive advantage. Due to this pressure, firms in high-tech industries invest a high percentage of their revenues in innovation. Despite the vast number of innovation success stories, only one in five innovation projects reaches the market. It is important to understand the drivers of project termination as many firms make sizable investments in innovation and these drivers may have a significant impact on their innovation performance. Therefore, the earlier recognition of unfeasible projects would avoid continued investment and release resources that could be invested in more profitable projects. This paper investigates firm-level factors influencing the termination of innovation projects based on a sample of 4385 firms in the Czech Republic and Germany. We find that firm size, research and development activities, organizational agility, and the level of internationalization are positively associated with innovation project termination. Surprisingly, marketing innovation is also positively associated with project termination. Our results contribute to an improved understanding of why some firms are better at identifying unsuccessful projects (earlier) than others. Identifying generalizable factors provides complementary insights into project-level factors of project termination that can have a remarkable impact on the profitability and survival of firms.
Czech name
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Czech description
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Classification
Type
J<sub>ost</sub> - Miscellaneous article in a specialist periodical
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
N - Vyzkumna aktivita podporovana z neverejnych zdroju
Others
Publication year
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
IEEE Transactions on Engineering Management
ISSN
1558-0040
e-ISSN
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Volume of the periodical
66
Issue of the periodical within the volume
2
Country of publishing house
US - UNITED STATES
Number of pages
12
Pages from-to
180 - 192
UT code for WoS article
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EID of the result in the Scopus database
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