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The performance effect of innovation in shipping companies

Author

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  • Jan Inge Jenssen
  • Trond Randøy

Abstract

The aim of this study is to investigate how innovation contributes to company performance in Norwegian shipping and to extend our knowledge concerning what organizational and inter-organizational factors influence innovation in shipping firms. The study is based on a survey of 46 Norwegian shipping companies. We find that innovation contributes to firm performance. We also find that a conscious strategy, strategy involvement, external relationships, especially market relationships, and productivity slack have a significant positive effect on the degree of innovation. The results are dependent upon the companies’ degree of differentiation and the type of innovation.

Suggested Citation

  • Jan Inge Jenssen & Trond Randøy, 2006. "The performance effect of innovation in shipping companies," Maritime Policy & Management, Taylor & Francis Journals, vol. 33(4), pages 327-343, September.
    • Handle: RePEc:taf:marpmg:v:33:y:2006:i:4:p:327-343
    DOI: 10.1080/03088830600895485
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    Citations

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    Cited by:

    1. Hyo-Won Kang & Grace W Y Wang & Hee-Seok Bang & Su-Han Woo, 2016. "Economic performance and corporate financial management of shipping firms," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 18(3), pages 317-330, September.
    2. Chahal, Hardeep & Gupta, Mahesh & Bhan, Namrita & Cheng, T.C.E., 2020. "Operations management research grounded in the resource-based view: A meta-analysis," International Journal of Production Economics, Elsevier, vol. 230(C).
    3. Yang, Ching-Chiao & Marlow, Peter B. & Lu, Chin-Shan, 2009. "Assessing resources, logistics service capabilities, innovation capabilities and the performance of container shipping services in Taiwan," International Journal of Production Economics, Elsevier, vol. 122(1), pages 4-20, November.
    4. Meeta Dasgupta & R.K. Gupta & A. Sahay, 2011. "Linking Technological Innovation, Technology Strategy and Organizational Factors," Global Business Review, International Management Institute, vol. 12(2), pages 257-277, June.
    5. Angelos Pantouvakis & Maria Karakasnaki, 2016. "An empirical assessment of ISM Code effectiveness on performance: the role of ISO certification," Maritime Policy & Management, Taylor & Francis Journals, vol. 43(7), pages 874-886, October.
    6. Maciel M. Queiroz & André Bergsten Mendes, 2020. "Critical Success Factors of the Brazilian Offshore Support Vessel Industry: A Flexible Systems Approach," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 21(1), pages 33-48, June.
    7. Andreas A. Kouspos & Photis M. Panayides & Dimitris A. Tsouknidis, 2023. "The relationship between technical innovation and financial performance in shipping firms," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 25(4), pages 698-727, December.

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