IDEAS home Printed from https://ideas.repec.org/a/taf/oabmxx/v11y2024i1p2292525.html
   My bibliography  Save this article

Innovation orientation and firms’ financial performance: The moderating role of new product development

Author

Listed:
  • Justice Boateng Dankwah
  • Sayibu Ibrahim Nnindini
  • Zakari Bukari

Abstract

Previous studies on the relationship between innovation orientation and firms’ financial performance have churned out conflicting results. These contradictions motivated this study. Specifically, this study sought to examine the relationship between innovation orientation and firms’ financial performance. The study also assessed the moderating effect of new product development on the relationship between innovation orientation and firms’ financial performance. Data from 200 manufacturing firms in Ghana were quantitatively analysed using SPSS. Moderated hierarchical regression test was carried out to examine the relationships between the constructs. While a positive relationship between innovation orientation and the financial performance of firms was established, the study findings revealed that new product development capabilities have no moderating effect on the relationship between innovation and firms’ financial performance. The study contributes to the innovation orientation and financial performance literature. It extends our knowledge of how new product development influences the innovation orientation-financial performance relationship of firms.

Suggested Citation

  • Justice Boateng Dankwah & Sayibu Ibrahim Nnindini & Zakari Bukari, 2024. "Innovation orientation and firms’ financial performance: The moderating role of new product development," Cogent Business & Management, Taylor & Francis Journals, vol. 11(1), pages 2292525-229, December.
    • Handle: RePEc:taf:oabmxx:v:11:y:2024:i:1:p:2292525
    DOI: 10.1080/23311975.2023.2292525
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/23311975.2023.2292525
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/23311975.2023.2292525?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    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:taf:oabmxx:v:11:y:2024:i:1:p:2292525. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Chris Longhurst (email available below). General contact details of provider: http://cogentoa.tandfonline.com/OABM20 .

    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.