Why say no to innovation? Evidence from industrial SMEs in European Union

Abstract: This paper aims at presenting the results from a research on the reasons why more than 50% of the small and medium size enterprises (SMEs) in European Union (EU) are non-innovative. The paper intends to find out which are the specific factors that influence the percentage of non-innovative...

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Autores principales:	Carvalho,Nuno, Yordanova,Zornitsa
Lenguaje:	English
Publicado:	Universidad Alberto Hurtado. Facultad de Economía y Negocios 2018
Materias:	innovation SME industry European Union non-innovative enterprises
Acceso en línea:	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242018000200043
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spelling	oai:scielo:S0718-272420180002000432018-08-20Why say no to innovation? Evidence from industrial SMEs in European UnionCarvalho,NunoYordanova,Zornitsa innovation SME industry European Union non-innovative enterprises Abstract: This paper aims at presenting the results from a research on the reasons why more than 50% of the small and medium size enterprises (SMEs) in European Union (EU) are non-innovative. The paper intends to find out which are the specific factors that influence the percentage of non-innovative industrial SMEs, considering that SMEs are the main stakeholders and target group of EU funds and policies, and industry is the main direction for economic development. The study employs a cross-sectional study and linear regressions. The findings after applying the research methodology show some already known factors that obstruct SMEs innovation performance like lack of internal finance and little market competition. However, the main contribution of the research is the finding that a low market demand does not contribute to an increase in the percentage of non-innovative enterprises. As a conclusion, all the measures and EU programs for boosting market demand for the purposes of increasing the number of innovative enterprises would be useless.info:eu-repo/semantics/openAccessUniversidad Alberto Hurtado. Facultad de Economía y NegociosJournal of technology management & innovation v.13 n.2 20182018-07-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242018000200043en10.4067/S0718-27242018000200043
institution	Scielo Chile
collection	Scielo Chile
language	English
topic	innovation SME industry European Union non-innovative enterprises
spellingShingle	innovation SME industry European Union non-innovative enterprises Carvalho,Nuno Yordanova,Zornitsa Why say no to innovation? Evidence from industrial SMEs in European Union
description	Abstract: This paper aims at presenting the results from a research on the reasons why more than 50% of the small and medium size enterprises (SMEs) in European Union (EU) are non-innovative. The paper intends to find out which are the specific factors that influence the percentage of non-innovative industrial SMEs, considering that SMEs are the main stakeholders and target group of EU funds and policies, and industry is the main direction for economic development. The study employs a cross-sectional study and linear regressions. The findings after applying the research methodology show some already known factors that obstruct SMEs innovation performance like lack of internal finance and little market competition. However, the main contribution of the research is the finding that a low market demand does not contribute to an increase in the percentage of non-innovative enterprises. As a conclusion, all the measures and EU programs for boosting market demand for the purposes of increasing the number of innovative enterprises would be useless.
author	Carvalho,Nuno Yordanova,Zornitsa
author_facet	Carvalho,Nuno Yordanova,Zornitsa
author_sort	Carvalho,Nuno
title	Why say no to innovation? Evidence from industrial SMEs in European Union
title_short	Why say no to innovation? Evidence from industrial SMEs in European Union
title_full	Why say no to innovation? Evidence from industrial SMEs in European Union
title_fullStr	Why say no to innovation? Evidence from industrial SMEs in European Union
title_full_unstemmed	Why say no to innovation? Evidence from industrial SMEs in European Union
title_sort	why say no to innovation? evidence from industrial smes in european union
publisher	Universidad Alberto Hurtado. Facultad de Economía y Negocios
publishDate	2018
url	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242018000200043
work_keys_str_mv	AT carvalhonuno whysaynotoinnovationevidencefromindustrialsmesineuropeanunion AT yordanovazornitsa whysaynotoinnovationevidencefromindustrialsmesineuropeanunion
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Why say no to innovation? Evidence from industrial SMEs in European Union

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