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Does Innovation Mediate Good Firm Performance?

DP 2015-06
2015

Private firms invest in physical capital and human resource but they are also advised to invest in innovations to be more productive and profitable. Innovations refer to the development, deployment, and economic utilization of new products, processes, and services. It is important for firms to know whether investment in innovations is investment well-spent. Our empirical results provided an affirmative response to the question raised in this paper: "Does innovation mediate good firm performance?" Product and process innovations lead to increase in sales and profits and improve labor productivity. The paper also showed that firm size, age, and foreign equity are important factors leading firms to innovate.

Citations

This publication has been cited time(s).

  1. Albert, Jose Ramon et.al, 2017 "Measuring and examining innovation in Philippine business and industry" , Philippine Institute for Development Studies

  2. Albert, Jose Ramon G et.al, 2017 "Measuring and examining innovation in Philippine business and industry" , Philippine Institute for Development Studies

  3. Albert, Jose Ramon G. et.al, 2018 "Measuring and examining innovation in Philippine business and industry" , Philippine Institute for Development Studies

  4. Albert, Jose Ramon et.al, 2018 "Measuring and examining innovation in Philippine business and industry" , Philippine Institute for Development Studies

  5. Albert, Jose Ramon G. et. al, 2017 "Measuring and examining innovation in Philippine business and industry" , Philippine Institute for Development Studies

  6. Albert, Jose Ramon G. et. al, 2018 "Measuring and examining innovation in Philippine business and industry" , eSocialSciences

  7. Quimba, Francis Mark A., Jose Ramon G. Albert, and Gilberto M. Llanto, 2017 "Innovation Activity of Firms in the Philippines" , Philippine Institute for Development Studies

  8. Bayudan-Dacuycuy, Connie and Lora Kryz C. Baje, 2018 "Assessing the effects of simple and complex innovation strategies on the performance of firms in the Philippines" , Philippine Institute for Development Studies

  9. Bayudan-Dacuycuy, Connie and Lora Kryz C. Baje, 2018 "Assessing the effects of simple and complex innovation strategies on the performance of firms in the Philippines" , eSocialSciences


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Contributor
Philippine Institute for Development Studies
Authors
Llanto, Gilberto M. del Prado, Fatima
Keywords
innovation; Philippines; process innovation; product innovation; firm performance; small and medium enterprises (SMEs)
Cite
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Jan 22, 2015

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