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Determinants of Innovation Commercialization Management and Anticipated Returns: An Exploratory Typology of SMEs

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  • Thuy Hang Do

    (Swiss Research Institute for Small Business and Entrepreneurship, University of St. Gallen (HSG), Switzerland)

Abstract

This paper explores the effects of firm characteristics on the commercialization management and anticipated innovation returns within small- and medium-sized enterprises (SMEs). Our results suggest that young and small firms tend to be more innovative and have higher expectation for anticipated returns despite their less systematic management. By contrast, medium-sized firms are more likely to formalize their management, yet they have lower anticipated returns. Small equity-financed firms tend to approach a more systematic management of commercialization and anticipate high returns. Mature firms pursue a less systematic approach and anticipate lower returns. Overall, our findings show that firm characteristics such as size, age, R&D level, type of financing, innovation novelty and protection of intellectual properties play a significant role in the commercialization process. Employing an updated typology, this study provides additional insights into the firms' commercialization management and sheds some light on the owner-managers' anticipated returns from innovation.

Suggested Citation

  • Thuy Hang Do, 2014. "Determinants of Innovation Commercialization Management and Anticipated Returns: An Exploratory Typology of SMEs," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 11(06), pages 1-20.
    • Handle: RePEc:wsi:ijitmx:v:11:y:2014:i:06:n:s0219877014500424
    DOI: 10.1142/S0219877014500424
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    References listed on IDEAS

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    1. Warusawitharana Missaka, 2018. "Profitability and the lifecycle of firms," The B.E. Journal of Macroeconomics, De Gruyter, vol. 18(2), pages 1-30, June.
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    Cited by:

    1. Ulrich Lichtenthaler, 2020. "Building Blocks of Successful Digital Transformation: Complementing Technology and Market Issues," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 17(01), pages 1-14, February.
    2. Elías Humberto Peraza Castaneda & Guillermo Aleixandre Mendizábal, 2021. "Innovation Behavior of Salvadoran Food & Beverage Industry Firms," Revista Finanzas y Politica Economica, Universidad Católica de Colombia, vol. 13(2), pages 439-472, August.
    3. Ulrich Lichtenthaler, 2016. "The Role of Unabsorbed Slack in Internal and Collaborative Innovation Processes — A Resource-Based Framework," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 13(03), pages 1-13, June.

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