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Innovative Behaviour and Firm’s Performance in the Nigerian Manufacturing Sector

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Listed:
  • Olayemi, Olufemi Olabode
  • Okonji, Patrick Sunday
  • Oghojafor, Ben E. Akpoyomare
  • Orekoya, Ibrahim Oluwapelumi

Abstract

The paper examined innovative behaviour and firm’s performance in the Nigerian manufacturing industry. Relevant literatures have emphasized the need to make a strong relevance for innovativeness to act as a catalyst for innovation to occur in the firm. While there has been significant research evidence on the conceptualization of innovation, more of the studies have focused on the descriptive nature of innovation. The population of the study was the staff in the selected company and questionnaire was distributed on the company’s sample. The study employed the univariate analysis of variance (ANOVA) to ascertain the statistical significance and the level to which innovativeness give rise to variation in firm’s performance in the selected organization. The study emphasized the immense benefit manufacturing firms and industrial policy makers will make towards the attainment of innovativeness to contribute adequately to the economic development of the nation and the social well-being of the citizens.

Suggested Citation

  • Olayemi, Olufemi Olabode & Okonji, Patrick Sunday & Oghojafor, Ben E. Akpoyomare & Orekoya, Ibrahim Oluwapelumi, 2020. "Innovative Behaviour and Firm’s Performance in the Nigerian Manufacturing Sector," MPRA Paper 105333, University Library of Munich, Germany, revised 2020.
    • Handle: RePEc:pra:mprapa:105333
    as

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    References listed on IDEAS

    as
    1. Midgley, David F & Dowling, Grahame R, 1978. "Innovativeness: The Concept and Its Measurement," Journal of Consumer Research, Journal of Consumer Research Inc., vol. 4(4), pages 229-242, March.
    2. Lawrence J. Christiano & Terry J. Fitzgerald, 2003. "The Band Pass Filter," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 44(2), pages 435-465, May.
    3. Ion Elena-Iuliana & Criveanu Maria, 2016. "Organizational Performance – A Concept That Self-Seeks To Find Itself," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 4, pages 179-183, August.
    4. Roman Fiala & Veronika Hedija, 2015. "The Relationship Between Firm Size and Firm Growth: The Case of the Czech Republic," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 63(5), pages 1639-1644.
    5. Murugesan Selvam & Jayapal Gayathri & Vinayagamoorthi Vasanth & Kasilingam Lingaraja & Sigo Marxiaoli, 2016. "Determinants of Firm Performance: A Subjective Model," International Journal of Social Science Studies, Redfame publishing, vol. 4(7), pages 90-100, July.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Innovativeness; Innovation; Firm’s Size; Firm’s Performance;
    All these keywords.

    JEL classification:

    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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