The Relationship between Innovation and Firm Performance: A Literature Review

Chen Shouyu

56 citations0/0 files storedInternational Conference on Social Network, Communication and Education (SNCE)

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Firm Innovation and Growth Business Strategies and Innovation Innovation and Knowledge Management

Abstract

Innovation has been generally regarded as a key factor affecting firm performance.Many companies try their best to achieve higher profits through innovation in different ways.However, the literature shows that the impact of innovation on firm performance is different among many innovative firms.This article will review the related literature from three aspects: the direct impact of innovation on enterprise performance, the moderating effect of innovation on firm performance, the mediating effects between innovation and firm performance.

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References

2011Effects of innovation types on firm performance 2001When Innovations Meet Institutions: Edison and the Design of the Electric Light 2002Dynamic capabilities and the emergence of intraindustry differential firm performance: insights from a simulation study 2005Relationship between innovativeness, quality, growth, profitability, and market value 1999Product innovation, product-market competition and persistent profitability in the U.S. pharmaceutical industry 2003Chief executive scanning emphases, environmental dynamism, and manufacturing firm performance 2001A framework for analysing business performance, firm innovation and related contextual factors: perceptions of managers and policy makers in two European regions 2006The relationship between innovation and business performance—a comparative study between manufacturing and service firms

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2023Organizational culture and innovation: exploring the “black box”2020Innovation: The Driving Force for Entrepreneurial Performance among Small Informal Businesses

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