TY  - JOUR
AB  - Purpose This paper aims to study the influence of innovation on micro, small and medium-sized enterprises (MSME) performance in Colombia through the 403 MSMES survey analysis. In particular, this paper measures the effect of participation in R&D alliances, product innovation and process innovation on it.Design/methodology/approach MSME performance is measured through a composite index, estimated through principal components analysis using polychoric correlations, which is based on eight self-reported assessments of MSME performance. Then, this measure of performance is related to MSME participation in R&D alliances and the product and process development stance of the MSME based on an adaptation of the Miles and Snow business classification scheme, by means of an ANOVA and a linear regression.Findings Colombian SMEs are not significantly benefitted from participation on R&D alliances. Instead, their performance appears to be dependent upon their internal innovation efforts directed to product development. Moreover, the results suggest that imitators get a performance almost as high as innovators.Originality/value Innovation activities in Colombian SMEs are carried out informally, as they are mostly uninterested to engage in R&D activities and to develop new products by own initiative. Moreover, few of them have an R&D department. In regard to technology, results suggest that almost half of SMEs are classified as followers, namely, they use the same technology as competitors.
VL  - 24
IS  - 47
SN  - 2077-1886
DO  - 10.1108/JEFAS-09-2018-0095
UR  - https://doi.org/10.1108/JEFAS-09-2018-0095
AU  - Restrepo-Morales Jorge Aníbal
AU  - Loaiza Osmar Leandro
AU  - Vanegas Juan Gabriel
PY  - 2019
Y1  - 2019/01/01
TI  - Determinants of innovation: A multivariate analysis in Colombian micro, small and medium-sized enterprises
T2  - Journal of Economics, Finance and Administrative Science
PB  - Emerald Publishing Limited
SP  - 97
EP  - 112
Y2  - 2024/04/19
ER  -