The Relationship Between Innovation and Corporate Performance in Japanese SMEs by Two-Stage Panel Data Analysis: Focusing on the Joint Effect of ICT and R&D.
The Relationship Between Innovation and Corporate Performance in Japanese SMEs by Two-Stage Panel Data Analysis: Focusing on the Joint Effect of ICT and R&D.
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DOI：
10.1007/s12626-023-00138-y
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发表时间：
2023
影响因子：
1.3
通讯作者：
Tsuji, Masatsugu
中科院分区：
文献类型：
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作者：
Matsuzaki, Taisuke;Shigeno, Hidenori;Bunno, Teruyuki;Idota, Hiroki;Tsuji, Masatsugu
创新的最终目的不是创新本身，而是提高利润或销售额。为了完善创新理论，需要说明创新是否有助于改善企业绩效。本文件的另一个重点是信通技术和研发在创新进程中的作用。信息和通信技术在从公司外部吸收信息方面发挥着至关重要的作用，而研究与发展则是利用现有资源吸收所获得的信息以创造新事物的关键。本文的重点是这两个因素的联合作用。该估计基于两阶段概率单位工具变量（IV）面板模型以及作者自己2012年和2018年的调查数据。第一个方程中的因变量是创新，第二个方程中的因变量是销售。研究结果表明：（1）创新促进了销售;（2）研发对创新具有重要意义;（3）信息和通信技术对两个方程都不重要;（4）研发和信息和通信技术的交叉项对创新具有重要意义，这意味着信息和通信技术是创新的推动者。这些都是新颖的结果。
The final aim of innovation is not innovation itself but enhancing profits or sales. To complete the theory of innovation, it is required to show whether innovation contributed to improvements in business performance. A further focus of this paper is on the role of ICT and R&D in the innovation process. ICT plays a vital role in absorbing information from outside the firm, while R&D is essential for assimilating obtained information with existing resources to create something novel. The focus of this paper is on the joint effect of these two factors. The estimation is based on a two-stage probit instrumental variable (IV) panel model and the authors’ own survey data of 2012 and 2018. The dependent variables are innovation in the first equation and sales in the second. The results obtained show that (i) innovation enhances sales; (ii) R&D is significant for innovation; (iii) ICT is not significant for either of the equations; and (iv) the cross term of R&D and ICT is significant for innovation, implying that ICT is an enabler of innovation. These are novel results.