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The Relationships Among Firm Size, Innovation Type, and Export Performance With Regard to Time Spans

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  • Yun-Seop Hwang
  • Mun-Ho Hwang
  • Xiaoxu Dong

Abstract

We use the Korean Innovation Survey (KIS) data from 2005, 2008, and 2010 to estimate the relationship between firm size, innovation type, and export performance with different time spans. Following a review of the literature, we hypothesize that the effect of innovation activities on export performance would be revealed over long spans for large enterprises (LEs) and would be more likely to appear over short spans for small and medium enterprises (SMEs). We also assume that firms could improve their export performance if they carried out both product and process innovations simultaneously. Four Tobit regression models are assessed, respectively, for LEs and SMEs at different time spans. The empirical results statistically support our hypotheses.

Suggested Citation

  • Yun-Seop Hwang & Mun-Ho Hwang & Xiaoxu Dong, 2015. "The Relationships Among Firm Size, Innovation Type, and Export Performance With Regard to Time Spans," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 51(5), pages 947-962, September.
    • Handle: RePEc:mes:emfitr:v:51:y:2015:i:5:p:947-962
    DOI: 10.1080/1540496X.2015.1061386
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    Cited by:

    1. Lu Qiu & Die Hu & Yu Wang, 2020. "How do firms achieve sustainability through green innovation under external pressures of environmental regulation and market turbulence?," Business Strategy and the Environment, Wiley Blackwell, vol. 29(6), pages 2695-2714, September.
    2. Die Hu & Lu Qiu & Maoyan She & Yu Wang, 2021. "Sustaining the sustainable development: How do firms turn government green subsidies into financial performance through green innovation?," Business Strategy and the Environment, Wiley Blackwell, vol. 30(5), pages 2271-2292, July.
    3. Feng Liu & Kwangtae Park & Unjung Whang, 2019. "Organizational Capabilities, Export Growth and Job Creation: An Investigation of Korean SMEs," Sustainability, MDPI, vol. 11(14), pages 1-16, July.
    4. Uwizeyemungu, Sylvestre & Poba-Nzaou, Placide & St-Pierre, Josée, 2022. "Back-end information technology resources and manufacturing SMEs’ export commitment: An empirical investigation," International Business Review, Elsevier, vol. 31(5).
    5. Rossi, Stefania Patrizia Sonia & Bonanno, Graziella & Giansoldati, Marco & Gregori, Tullio, 2021. "Export starters and exiters: Do innovation and finance matter?," Structural Change and Economic Dynamics, Elsevier, vol. 56(C), pages 280-297.
    6. Dai, Xiaoyong & Sun, Zao & Liu, Hang, 2018. "Disentangling the effects of endogenous export and innovation on the performance of Chinese manufacturing firms," China Economic Review, Elsevier, vol. 50(C), pages 42-58.
    7. Trinh, Long Q., 2016. "Dynamics of Innovation and Internationalization among Small and Medium-Sized Enterprises in Viet Nam," ADBI Working Papers 580, Asian Development Bank Institute.
    8. Tea Petrin & Dragana Radicic, 2023. "Instrument policy mix and firm size: is there complementarity between R&D subsidies and R&D tax credits?," The Journal of Technology Transfer, Springer, vol. 48(1), pages 181-215, February.
    9. Güzin Bayar, 2018. "Estimating export equations: a survey of the literature," Empirical Economics, Springer, vol. 54(2), pages 629-672, March.
    10. Raghavan J. Iyengar & Malavika Sundararajan, 2019. "Is Firm Innovation Associated With Corporate Governance?," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 24(03), pages 1-24, April.

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