Innovations in SME segment: Important Factors and Differences in The Approach by Size and Age of the Company

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F18%3A63519721" target="_blank" >RIV/70883521:28120/18:63519721 - isvavai.cz</a>

Alternative codes found

RIV/61384399:31130/18:00053211

Result on the web

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DOI - Digital Object Identifier

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Result language

angličtina

Original language name

Innovations in SME segment: Important Factors and Differences in The Approach by Size and Age of the Company

Original language description

Innovations are an important part of business activities, because of their impact on the market position and financial performance of enterprises. Furthermore, they help keep existing companies in a growing competitive environment. The aim of the article is to define and quantify significant factors which determine inclination to innovations in the segment of SMEs. In this context, empirical research in the Slovak economic environment was realized. The total number of respondents in this research was the 529. Pearson’s statistic and regression analysis were used to confirm hypotheses. The research showed that 56% of SMEs regularly undertake innovative activities while larger and older firms invest more intensively. Financial motivation and awareness of SMEs on governments’ innovation policy in Slovakia is relatively low. The biggest impact on companies’ innovation activities has sufficient awareness about government innovation policy; less impact has other independent variables: external funding sources and government´s financial incentives.

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

50204 - Business and management

Project

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Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2018

Confidentiality

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

Name of the periodical

Transformations in Business &amp; Economics

ISSN

1648-4460

e-ISSN

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Volume of the periodical

17

Issue of the periodical within the volume

3

Country of publishing house

LT - LITHUANIA

Number of pages

18

Pages from-to

55-71

UT code for WoS article

000452818400004

EID of the result in the Scopus database

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