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Capacity and Capability. Consequences on Market Performance of Companies in Romania

Author

Listed:
  • Cornel IONESCU

    (Institute of National Economy, Romanian Academy)

  • Adrian IONESCU

    (Barilla G. e R. Fratelli – Societa' per Azioni Socio Unico)

  • Andreea PACHI?ANU

    (Bucharest University of Economic Studies)

  • Alexandru IONESCU

    (PhD(c), Romanian Academy)

Abstract

Our goal is to increase the Romanian economy’s competitiveness through innovation. This research investigates the relationship between absorptive capacity, innovation capability and the performance of firms in Romania. The sample includes data collected from 290 companies operating on the Romanian market in trade, IT&C, construction, manufacturing, transport and storage, financial services and others. Our endeavor demonstrates the hypothesis that the absorptive capacity per se does not have a direct and positive influence on the performance of organizations, but depends on the development of their innovation capabilities, as an important mediating factor of this relationship.

Suggested Citation

  • Cornel IONESCU & Adrian IONESCU & Andreea PACHI?ANU & Alexandru IONESCU, 2016. "Capacity and Capability. Consequences on Market Performance of Companies in Romania," Romanian Journal of Economics, Institute of National Economy, vol. 43(2(52)), pages 97-106, december.
    • Handle: RePEc:ine:journl:v:43:y:2016:i:52:p:97-106
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    References listed on IDEAS

    as
    1. D Minbaeva & T Pedersen & I Björkman & C F Fey & H J Park, 2003. "MNC knowledge transfer, subsidiary absorptive capacity, and HRM," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 34(6), pages 586-599, November.
    2. Patricia Phillips McDougall & Jeffrey G. Covin & Richard B. Robinson & Lanny Herron, 1994. "The effects of industry growth and strategic breadth on new venture performance and strategy content," Strategic Management Journal, Wiley Blackwell, vol. 15(7), pages 537-554, September.
    3. Flatten, Tessa C. & Engelen, Andreas & Zahra, Shaker A. & Brettel, Malte, 2011. "A measure of absorptive capacity: Scale development and validation," European Management Journal, Elsevier, vol. 29(2), pages 98-116, April.
    4. Michael Lenox & Andrew King, 2004. "Prospects for developing absorptive capacity through internal information provision," Strategic Management Journal, Wiley Blackwell, vol. 25(4), pages 331-345, April.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    innovation; absorptive capacity; innovation capability; innovation in Romania; the performance of companies;
    All these keywords.

    JEL classification:

    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • M31 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Marketing
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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