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An Examination of the Relationships Between Different Types of Innovation and Firm Performance and the Mediating Effect of Radical and Incremental Innovations on These Relationships

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  • Tope Samson Abiodun

    (College of Management & Social Sciences, Department of Business Administration, Kwararafa University Wukari, Taraba State, Nigeria)

Abstract

The long-term vector, an area of macroeconomics that is known as economic growth, is driven by innovation and entrepreneurship. Entrepreneurial scholars have contended that types of innovation vary and contingent on the object, the sector and intensity. Building on this assertion, this study examined types of innovation that could have significant impact on firm performance, considering the liability of smallness of SMEs in developing economy. Having employed PLS-SEM on data collected from SMEs in Nigeria, the results of the study suggest product innovation, process innovation and administrative innovation are statistically significant and positively related to firm performance. Radical innovation mediates the relationship between process, product, administrative innovation and firm performance. Incremental innovation mediates the relationship between process, product and firm performance. While the study finds no support for the proposition that incremental innovation mediates the relationship between administrative innovation and firm performance.

Suggested Citation

  • Tope Samson Abiodun, 2017. "An Examination of the Relationships Between Different Types of Innovation and Firm Performance and the Mediating Effect of Radical and Incremental Innovations on These Relationships," International Journal of Innovation and Economic Development, Inovatus Services Ltd., vol. 3(5), pages 38-58, December.
    • Handle: RePEc:mgs:ijoied:v:3:y:2017:i:5:p:38-58
    DOI: 10.18775/ijied.1849-7551-7020.2015.35.2003
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    Cited by:

    1. Asa Romeo Asa & Dennis Tsanga & Christeline Januarie & Mekelaye Kamati, 2021. "Technological Innovation as a Strategy for Competitive Advantage within the Namibian Banking Industry," International Journal of Management Science and Business Administration, Inovatus Services Ltd., vol. 8(1), pages 68-72, November.
    2. Mahendra Kumar Chelliah & Kalisri Logeswaran Aravindan & Saravanan Muthaiyah, 2022. "Entrepreneurial Orientation and Open Innovation Promote the Performance of Services SMEs: The Mediating Role of Cost Leadership," Administrative Sciences, MDPI, vol. 13(1), pages 1-19, December.

    More about this item

    Keywords

    Radical innovation; Incremental innovation; Product innovation; Process innovation; Administrative innovation; Firm performance;
    All these keywords.

    JEL classification:

    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General

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