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Innovation and performance in Spanish manufacturing SMEs

Author

Listed:
  • Howard Van Auken
  • Antonia Madrid-Guijarro
  • Domingo Garcia-Perez-de-Lema

Abstract

Innovation facilitates how SMEs respond to market changes and maintain their competitive advantage. This paper analyses the relationship between the degree of innovation (measured as innovation in products, processes and administration systems) and performance among 1,091 Spanish manufacturing SMEs. The results show that innovation positively impacts SMEs performance in low and high technology industries. Innovation was more important to achieving a competitive advantage to high technology firms than low technology firms. These results support innovation as being important to a firm's sustainable competitive advantage.

Suggested Citation

  • Howard Van Auken & Antonia Madrid-Guijarro & Domingo Garcia-Perez-de-Lema, 2008. "Innovation and performance in Spanish manufacturing SMEs," International Journal of Entrepreneurship and Innovation Management, Inderscience Enterprises Ltd, vol. 8(1), pages 36-56.
    • Handle: RePEc:ids:ijeima:v:8:y:2008:i:1:p:36-56
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    Citations

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    Cited by:

    1. Rosario Sánchez & Ángeles Diaz & Amparo Urbano, 2024. "Vertical segregation, innovation, and gender diversity in Spain’s industrial sector," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 4975-4996, March.
    2. Wambua, Peter Maingi & Stephen M. A. Muathe, 2021. "Effect of Innovation Strategies on Performance of Real Estates Firms in Mavoko Sub-County, Kenya," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 5(6), pages 198-206, June.
    3. Alfonso Expósito & Juan A. Amparo Sanchis-Llopis & Juan A. Juan A. Sanchis-Llopis, 2023. "Does entrepreneur gender matter in SMEs performance? The role of innovations," Working Papers 2308, Department of Applied Economics II, Universidad de Valencia.
    4. Dr. Arif Anjum, 2018. "Impact of Technology Adoption on the Performance of Small and Medium Enterprises in India," The Journal of Social Sciences Research, Academic Research Publishing Group, pages 857-867:5.
    5. Rhaiem, Khalil & Halilem, Norrin, 2023. "The worst is not to fail, but to fail to learn from failure: A multi-method empirical validation of learning from innovation failure," Technological Forecasting and Social Change, Elsevier, vol. 190(C).
    6. Wei Liu & Yoshihisa Suzuki & Shuyi Du, 2024. "Forecasting the Stock Price of Listed Innovative SMEs Using Machine Learning Methods Based on Bayesian optimization: Evidence from China," Computational Economics, Springer;Society for Computational Economics, vol. 63(5), pages 2035-2068, May.
    7. Desiderio Romero-Jordán & Ismael Sanz-Labrador & José Félix Sanz-Sanz, 2020. "Is the corporation tax a barrier to productivity growth?," Small Business Economics, Springer, vol. 55(1), pages 23-38, June.
    8. Montejano García, Salomón & Campos García, Rocio Montserrat & García Ramírez, Ricardo, 2017. "Ventajas competitivas en empresas manufactureras, resultado de los sistemas de producción y la innovación," Small Business International Review, Asociación Española de Contabilidad y Administración de Empresas - AECA, vol. 1(1), pages 53-70, July.
    9. Antonia Madrid-Guijarro & Dominique Philippe Martin & Domingo García-Pérez-de-Lema, 2021. "Capacity of open innovation activities in fostering product and process innovation in manufacturing SMEs," Review of Managerial Science, Springer, vol. 15(7), pages 2137-2164, October.
    10. Rafael Becerra-Vicario & Daniel Ruiz-Palomo & Ana León-Gómez & José Manuel Santos-Jaén, 2023. "The Relationship between Innovation and the Performance of Small and Medium-Sized Businesses in the Industrial Sector: The Mediating Role of CSR," Economies, MDPI, vol. 11(3), pages 1-18, March.
    11. Gaganis, Chrysovalantis & Pasiouras, Fotios & Voulgari, Fotini, 2019. "Culture, business environment and SMEs' profitability: Evidence from European Countries," Economic Modelling, Elsevier, vol. 78(C), pages 275-292.
    12. Jorge Antonio Rangel Magdaleno & Martha Gonzalez Adame & Luis Aguilera Enriquez & Roberto Ezequiel Franco Zesati, 2015. "RELATIONSHIP BETWEEN BARRIERS TO INNOVATION AND KNOWLEDGE MANAGEMENT: EMPIRICAL ANALYSIS OF SMEs MANUFACTURING, RELACION ENTRE BARRERAS A LA INNOVACION Y GESTION DEL CONOCIMIENTO: ANALISIS EMPIRICO PY," Revista Internacional Administracion & Finanzas, The Institute for Business and Finance Research, vol. 8(7), pages 83-93.
    13. Amelie Cloutier & Nabil Amara, 2018. "DETERMINANTS OF PROPENSITY VS. INTENSITY OF INNOVATION CO-OPERATION FOR SMEs," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 22(05), pages 1-31, June.
    14. José Luis Esparza-Aguilar & Domingo García-Pérez-de-Lema & Antonio Duréndez, 2016. "The effect of accounting information systems on the performance of Mexican micro, small and medium-sized family firms," Tourism Economics, , vol. 22(5), pages 1104-1120, October.
    15. Alfonso Expósito & Juan A. Sanchis-Llopis, 2018. "Innovation and business performance for Spanish SMEs: new evidence from a multi-dimensional approach," Working Papers 1805, Department of Applied Economics II, Universidad de Valencia.
    16. Somohano Rodríguez, Francisco M. & López Fernández, José Manuel & Martínez García, Francisco Javier, 2018. "El efecto de la innovación en el resultado empresarial durante la recesión económica. Una aplicación a la industria de la automoción," Revista de Contabilidad - Spanish Accounting Review, Elsevier, vol. 21(1), pages 91-105.
    17. Aura Andrea Díaz Duarte & José Trinidad Marín Aguilar & Marco Eliseo Rivera Martínez, 2022. "Dimensions of Innovation Performance for Business Competitiveness," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 12(5), pages 1-3.
    18. Edgar Rogelio Ramírez-Solis & Mauro Rodriguez-Marin, 2022. "Diffusion Model for Mexican SMEs to Support the Success of Innovation," Sustainability, MDPI, vol. 14(16), pages 1-14, August.
    19. Sharma, Vivek & Bhat, Dada Ab Rouf, 2020. "Co-creation and service innovation as performance indicators in the hospitality industry," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 12(2), pages 76-95..
    20. Aura Andrea Diaz Duarte & Miguel Angel Oropeza Tagle & Alfonso Martin Rodriguez, 2020. "INTRAPRENEURSHIP PRACTICES IN THE INNOVATION OF MSMEs LAS PRACTICAS DE INTRAEMPRENDIMIENTO EN LA INNOVACION DE LAS MIPYME," Revista Internacional Administracion & Finanzas, The Institute for Business and Finance Research, vol. 13(1), pages 37-50.
    21. Domingo García Pérez-De-Lema & Peter Bent Hansen & Antonia Madrid-Gujjarro & Jane Lucia Silva-Santos, 2019. "INFLUENCE OF THE BUSINESS ENVIRONMENT IN THE DYNAMICS OF INNOVATION AND IN THE PERFORMANCE OF SMEs," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 23(05), pages 1-25, June.
    22. Daniel Ruiz-Palomo & Julio Diéguez-Soto & Antonio Duréndez & José António C. Santos, 2019. "Family Management and Firm Performance in Family SMEs: The Mediating Roles of Management Control Systems and Technological Innovation," Sustainability, MDPI, vol. 11(14), pages 1-22, July.
    23. Nguyen, Huu Le & Larimo, Jorma & Wang, Yi, 2019. "Control, innovation and international joint venture performance: The moderating role of internal and external environments," International Business Review, Elsevier, vol. 28(6), pages 1-1.
    24. José Giménez & Antonia Madrid-Guijarro & Antonio Duréndez, 2019. "Competitive Capabilities for the Innovation and Performance of Spanish Construction Companies," Sustainability, MDPI, vol. 11(19), pages 1-24, October.

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