How innovativeness of family-owned SMEs differ depending on their characteristics?

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F04130081%3A_____%2F21%3AN0000008" target="_blank" >RIV/04130081:_____/21:N0000008 - isvavai.cz</a>

Výsledek na webu

<a href="http://economic-research.pl/Journals/index.php/eq/article/view/1887" target="_blank" >http://economic-research.pl/Journals/index.php/eq/article/view/1887</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.24136/eq.2021.015" target="_blank" >10.24136/eq.2021.015</a>

Jazyk výsledku

angličtina

Název v původním jazyce

How innovativeness of family-owned SMEs differ depending on their characteristics?

Popis výsledku v původním jazyce

Research background: SMEs encounter more survival impediments than larger businesses. Innovativeness is a crucial attribute for smaller firms to overcome these barriers since it positively influences their performance, competitiveness, and capability to operate in the long term. However, depending on firm characteristics, the innovativeness of SMEs might differ. Purpose of the article: This research investigates whether the innovativeness of family-owned SMEs differs depending on their size, sector, area of activity, and succession on the sample of 350 family-owned SMEs that operate in Czechia. Methods: The data collected in the Czech Republic in 2020 through the structured self-administered questionnaire were analyzed using Skewness-Kurtosis and Levene's normality tests and Independent Sample T-test to find the differences in SMEs innovativeness depending on their selected characteristics. Findings & value added: According to the results, SMEs' innovativeness differs depending on their size, industry, and area activity. On the other hand, the analyses confirmed the nonexistence of the differences in SMEs' innovative-ness concerning succession involvement. The region of SMEs' operation, the scope of their activities, and firms' executives' age might be crucial arguments to explain the differences and similarities in these enterprises' innovativeness. Even though the research focuses only on the SMEs located in Czechia, the similarity of the issues all SMEs face when competing with the larger firms worldwide, especially if we take into consideration the countries with a similar level of development and overall institutional business conditions, allows for generalizing our results and might draw readers' attention to this paper. Policymakers, universities, international institutions, and financial institutions might cooperate to create industrial zones, encourage research centers, and provide education and financial support to stimulate SMEs' innovative activities.

Název v anglickém jazyce

How innovativeness of family-owned SMEs differ depending on their characteristics?

Popis výsledku anglicky

Research background: SMEs encounter more survival impediments than larger businesses. Innovativeness is a crucial attribute for smaller firms to overcome these barriers since it positively influences their performance, competitiveness, and capability to operate in the long term. However, depending on firm characteristics, the innovativeness of SMEs might differ. Purpose of the article: This research investigates whether the innovativeness of family-owned SMEs differs depending on their size, sector, area of activity, and succession on the sample of 350 family-owned SMEs that operate in Czechia. Methods: The data collected in the Czech Republic in 2020 through the structured self-administered questionnaire were analyzed using Skewness-Kurtosis and Levene's normality tests and Independent Sample T-test to find the differences in SMEs innovativeness depending on their selected characteristics. Findings & value added: According to the results, SMEs' innovativeness differs depending on their size, industry, and area activity. On the other hand, the analyses confirmed the nonexistence of the differences in SMEs' innovative-ness concerning succession involvement. The region of SMEs' operation, the scope of their activities, and firms' executives' age might be crucial arguments to explain the differences and similarities in these enterprises' innovativeness. Even though the research focuses only on the SMEs located in Czechia, the similarity of the issues all SMEs face when competing with the larger firms worldwide, especially if we take into consideration the countries with a similar level of development and overall institutional business conditions, allows for generalizing our results and might draw readers' attention to this paper. Policymakers, universities, international institutions, and financial institutions might cooperate to create industrial zones, encourage research centers, and provide education and financial support to stimulate SMEs' innovative activities.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50204 - Business and management

Projekt

—

Návaznosti

N - Vyzkumna aktivita podporovana z neverejnych zdroju

Rok uplatnění

2021

Kód důvěrnosti údajů

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

Název periodika

Equilibrium. Quarterly Journal of Economics and Economic Policy

ISSN

1689-765X

e-ISSN

2353-3293

Svazek periodika

16

Číslo periodika v rámci svazku

2

Stát vydavatele periodika

PL - Polská republika

Počet stran výsledku

14

Strana od-do

239-252

Kód UT WoS článku

000689666600008

EID výsledku v databázi Scopus

2-s2.0-85109841165