IDEAS home Printed from https://ideas.repec.org/a/rse/wpaper/v24y2022i2p174-191.html
   My bibliography  Save this article

Triple Helix: the concept of synergy for SMEs to increase business performance

Author

Listed:
  • Anak Agung Dwi Widyani

    (Universitas Mahasaraswati Denpasar, Indonesia)

  • I Nengah Suardhika

    (Universitas Mahasaraswati Denpasar, Indonesia)

  • Ni Putu Yeni Astiti

    (Universitas Mahasaraswati Denpasar, Indonesia)

  • Ni Wayan Rustiarini

    (Universitas Mahasaraswati Denpasar, Indonesia)

Abstract

SME sector provides an essential economic contribution to the development and welfare of society, namely Gross Domestic Product (GRDP). However, despite contributing to the economy and GDP. SMEs face several obstacles, including financial constraints, limited marketing, and available resources. Synergy from various parties is needed to overcome this economic and social phenomenon. The intended synergy is between intellectuals, government, and the business. The synergy of the three actors is termed the triple helix. This study aims to analyze the effect of the triple helix consisting of intellectuals, government, and the business community on the innovation and ability of SMEs, the effect of innovation on the ability and business performance of SMEs, and the influence of ability on the business performance of SME. The sample of this research was SMEs throughout Bali who is members of the Bali Bangkit exhibition, totaling 45 SMEs with criteria that have been determined by the Bali Industry and Trade Department. Data analysis in this study was carried out using the SmartPLS 3.0 program. The results show that SME innovation is influenced by academic support (intellectuals). The business community and government strongly support the ability of SMEs. Innovations made by SMEs can improve business capabilities. Likewise, SME business performance is proven to be determined by its innovation and capabilities. SME's business performance improvement based on innovations in business activities is determined more by academic support. The achievement of business results from SMEs based on their business capabilities tends to be determined by government support. The synergy increases the ability of SMEs to improve performance.

Suggested Citation

  • Anak Agung Dwi Widyani & I Nengah Suardhika & Ni Putu Yeni Astiti & Ni Wayan Rustiarini, 2022. "Triple Helix: the concept of synergy for SMEs to increase business performance," Review of Applied Socio-Economic Research, Pro Global Science Association, vol. 24(2), pages 174-191, December.
    • Handle: RePEc:rse:wpaper:v:24:y:2022:i:2:p:174-191
    as

    Download full text from publisher

    File URL: http://reaser.eu/RePec/rse/wpaper/REASER24_12Anak_P174-191.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. I Ketut Setia Sapta & I Nengah Sudja & I Nengah Landra & Ni Wayan Rustiarini, 2021. "Sustainability Performance of Organization: Mediating Role of Knowledge Management," Economies, MDPI, vol. 9(3), pages 1-16, June.
    2. Ferreira, Jorge & Coelho, Arnaldo & Moutinho, Luiz, 2020. "Dynamic capabilities, creativity and innovation capability and their impact on competitive advantage and firm performance: The moderating role of entrepreneurial orientation," Technovation, Elsevier, vol. 92.
    3. Daniel Jiménez‐Jiménez & Raquel Sanz‐Valle, 2005. "Innovation and human resource management fit: an empirical study," International Journal of Manpower, Emerald Group Publishing Limited, vol. 26(4), pages 364-381, June.
    4. Azar, Goudarz & Ciabuschi, Francesco, 2017. "Organizational innovation, technological innovation, and export performance: The effects of innovation radicalness and extensiveness," International Business Review, Elsevier, vol. 26(2), pages 324-336.
    5. Ali, Murad & Seny Kan, Konan Anderson & Sarstedt, Marko, 2016. "Direct and configurational paths of absorptive capacity and organizational innovation to successful organizational performance," Journal of Business Research, Elsevier, vol. 69(11), pages 5317-5323.
    6. I Ketut Setia Sapta & Ni Wayan Rustiarini & I Gusti Agung Eka Teja Kusuma & I Made Purba Astakoni, 2021. "Spiritual leadership and organizational commitment: The mediation role of workplace spirituality," Cogent Business & Management, Taylor & Francis Journals, vol. 8(1), pages 1966865-196, January.
    7. Kim, Younghwan & Kim, Wonjoon & Yang, Taeyong, 2012. "The effect of the triple helix system and habitat on regional entrepreneurship: Empirical evidence from the U.S," Research Policy, Elsevier, vol. 41(1), pages 154-166.
    8. 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.
    9. Elinor Benami & Michael R. Carter, 2021. "Can digital technologies reshape rural microfinance? Implications for savings, credit, & insurance," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 43(4), pages 1196-1220, December.
    10. Samuel Afriyie & Jianguo Du & Abdul-Aziz Musah, 2019. "Innovation and marketing performance of SME in an emerging economy: the moderating effect of transformational leadership," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 9(1), pages 1-25, December.
    11. Hallberg, K., 2000. "A Market-Oriented Strategy for Small and Medium Scale Enterprises," Papers 40, World Bank - International Finance Corporation.
    12. Alfonso Expósito & Juan A. Sanchis-Llopis, 2019. "The relationship between types of innovation and SMEs’ performance: a multi-dimensional empirical assessment," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 9(2), pages 115-135, June.
    13. Jari Kolehmainen & Joe Irvine & Linda Stewart & Zoltan Karacsonyi & Tünde Szabó & Juha Alarinta & Anders Norberg, 2016. "Quadruple Helix, Innovation and the Knowledge-Based Development: Lessons from Remote, Rural and Less-Favoured Regions," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 7(1), pages 23-42, March.
    14. Simpson, Penny M. & Siguaw, Judy A. & Enz, Cathy A., 2006. "Innovation orientation outcomes: The good and the bad," Journal of Business Research, Elsevier, vol. 59(10-11), pages 1133-1141, October.
    15. Yeşim Koçyiğit & Bülent Akkaya, 2020. "The Role of Organizational Flexibility in Organizational Agility: A Research on SMEs," Business Management and Strategy, Macrothink Institute, vol. 11(1), pages 110-123, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ni Wayan Rustiarini & Desak Ayu Sriary Bhegawati & Ni Putu Yuria Mendra & Nyoman Utari Vipriyanti, 2023. "Resource Orchestration in Enhancing Green Innovation and Environmental Performance in SME," International Journal of Energy Economics and Policy, Econjournals, vol. 13(5), pages 251-259, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Zulfiqar Ali & Hongyi Sun & Murad Ali, 2017. "The Impact of Managerial and Adaptive Capabilities to Stimulate Organizational Innovation in SMEs: A Complementary PLS–SEM Approach," Sustainability, MDPI, vol. 9(12), pages 1-23, November.
    2. Zahoor, Nadia & Donbesuur, Francis & Christofi, Michael & Miri, Domnan, 2022. "Technological innovation and employee psychological well-being: The moderating role of employee learning orientation and perceived organizational support," Technological Forecasting and Social Change, Elsevier, vol. 179(C).
    3. Aksoy, Hasan, 2017. "How do innovation culture, marketing innovation and product innovation affect the market performance of small and medium-sized enterprises (SMEs)?," Technology in Society, Elsevier, vol. 51(C), pages 133-141.
    4. Khosravi, Pouria & Newton, Cameron & Rezvani, Azadeh, 2019. "Management innovation: A systematic review and meta-analysis of past decades of research," European Management Journal, Elsevier, vol. 37(6), pages 694-707.
    5. Dung Nguyen‐Van & Chia‐Hua Chang, 2021. "Internationalization and product innovation in ASEAN: The moderating role of organizational innovation," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 42(2), pages 437-462, March.
    6. Nadežda Jankelová & Zuzana Joniaková & Juraj Mišún, 2021. "Innovative Work Behavior—A Key Factor in Business Performance? The Role of Team Cognitive Diversity and Teamwork Climate in This Relationship," JRFM, MDPI, vol. 14(4), pages 1-16, April.
    7. Eduardo Fernández-Arias & Ricardo Hausmann & Ugo Panizza, 2020. "Smart Development Banks," Journal of Industry, Competition and Trade, Springer, vol. 20(2), pages 395-420, June.
    8. Torres, Pedro & Augusto, Mário & Godinho, Pedro, 2017. "Predicting high consumer-brand identification and high repurchase: Necessary and sufficient conditions," Journal of Business Research, Elsevier, vol. 79(C), pages 52-65.
    9. Agnès Helme-Guizon & Fanny Magnoni, 2019. "Consumer brand engagement and its social side on brand-hosted social media: how do they contribute to brand loyalty?," Post-Print hal-03591683, HAL.
    10. Serban Mogos & Alex Davis & Rui Baptista, 2021. "High and sustainable growth: persistence, volatility, and survival of high growth firms," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 11(1), pages 135-161, March.
    11. Ioannis Giotopoulos & Alexander S. Kritikos & Aggelos Tsakanikas, 2023. "A lasting crisis affects R&D decisions of smaller firms: the Greek experience," The Journal of Technology Transfer, Springer, vol. 48(4), pages 1161-1175, August.
    12. Chen, Jian-xun & Zhang, Bo & Zhan, Wu & Sharma, Piyush & Budhwar, Pawan & Tan, Hui, 2022. "Demystifying the non-linear effect of high commitment work systems (HCWS) on firms’ strategic intention of exploratory innovation: An extended resource-based view," Technovation, Elsevier, vol. 116(C).
    13. Hongyi Mao & Zongjun Wang & Lin Yi, 2021. "Does Entrepreneurial Orientation Lead to Successful Sustainable Innovation? The Evidence from Chinese Environmentally Friendly Companies," Sustainability, MDPI, vol. 13(18), pages 1-19, September.
    14. Sikandar Ali Qalati & Dragana Ostic & Gu Shuibin & Fan Mingyue, 2022. "A mediated–moderated model for social media adoption and small and medium‐sized enterprise performance in emerging countries," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(3), pages 846-861, April.
    15. Meles, Antonio & Salerno, Dario & Sampagnaro, Gabriele & Verdoliva, Vincenzo & Zhang, Jianing, 2023. "The influence of green innovation on default risk: Evidence from Europe," International Review of Economics & Finance, Elsevier, vol. 84(C), pages 692-710.
    16. Algarni, Mohammad A. & Ali, Murad & Leal-Rodríguez, Antonio L. & Albort-Morant, Gema, 2023. "The differential effects of potential and realized absorptive capacity on imitation and innovation strategies, and its impact on sustained competitive advantage," Journal of Business Research, Elsevier, vol. 158(C).
    17. Su, Zhong-qin & Xiao, Zuoping & Yu, Lin, 2019. "Do political connections enhance or impede corporate innovation?," International Review of Economics & Finance, Elsevier, vol. 63(C), pages 94-110.
    18. Medalla, Erlinda M. & del Prado, Fatima & Mantaring, Melalyn C. & Maddawin, Angelica B., 2016. "Preliminary Assessment of the Shared Service Facilities," Discussion Papers DP 2016-18, Philippine Institute for Development Studies.
    19. Firican Diana Andreea, 2022. "The Influence of Hofstede’s Cultural Dimensions on Attitude Towards Change and Innovation in Oganizations," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 16(1), pages 509-518, August.
    20. Quentin Stoeffler & Michael Carter & Catherine Guirkinger & Wouter Gelade, 2022. "The Spillover Impact of Index Insurance on Agricultural Investment by Cotton Farmers in Burkina Faso," The World Bank Economic Review, World Bank, vol. 36(1), pages 114-140.

    More about this item

    Keywords

    triple helix; intellectuals; government; innovation; ability; business performance;
    All these keywords.

    JEL classification:

    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rse:wpaper:v:24:y:2022:i:2:p:174-191. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Manuela Epure (email available below). General contact details of provider: https://edirc.repec.org/data/pgsaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.