eprintid: 5424 rev_number: 9 eprint_status: archive userid: 2 dir: disk0/00/00/54/24 datestamp: 2023-01-13 23:30:06 lastmod: 2023-07-11 23:30:29 status_changed: 2023-01-13 23:30:06 type: article metadata_visibility: show creators_name: Aslam, Mahrukh creators_name: Shafi, Imran creators_name: Ahmad, Jamil creators_name: Álvarez, Roberto Marcelo creators_name: Miró Vera, Yini Airet creators_name: Soriano Flores, Emmanuel creators_name: Ashraf, Imran creators_id: creators_id: creators_id: creators_id: roberto.alvarez@uneatlantico.es creators_id: yini.miro@uneatlantico.es creators_id: emmanuel.soriano@uneatlantico.es creators_id: title: An Analytical Framework for Innovation Determinants and Their Impact on Business Performance ispublished: pub subjects: uneat_cs subjects: uneat_eng divisions: uneatlantico_produccion_cientifica divisions: unincol_produccion_cientifica divisions: uninimx_produccion_cientifica divisions: uninipr_produccion_cientifica divisions: unic_produccion_cientifica full_text_status: public keywords: innovation determinants; bivariate probit; data analysis; research and development abstract: Innovation plays a pivotal role in the progress and goodwill of an organization, and its ability to thrive. Consequently, the impact analysis of innovation on the performance of an organization holds great importance. This paper presents a two-stage analytical framework to examine the impact of business innovation on a firm’s performance, especially firms from the manufacturing sector. The prime objective is to identify the factors that have an impact on firm-level innovation, and to examine the impact of firm-level innovation on business performance. The framework and its analysis are based on the latest World Bank enterprise survey, with a sample size of 696 manufacturing firms. The first stage of the proposed framework establishes the analytical results through Bivariate Probit, which indicates that research and development (R&D) has a significantly positive impact on the product, process, marketing, and organizational innovations. It thus highlights the important role of the allocation of lump-sum amounts for R&D activities. The statistical analysis shows that innovation does not depend on the size of the firms. Moreover, the older firms are found to be wiser at conducting R&D than newer firms that are reluctant to take risks. The second stage of the proposed framework separately analyzes the impacts of the product and organizational innovation, and the process and marketing innovation on the firm performance, and finds them to be statistically significant and insignificant, respectively. date: 2022-12 publication: Sustainability volume: 15 number: 1 pagerange: 458 id_number: doi:10.3390/su15010458 refereed: TRUE issn: 2071-1050 official_url: http://doi.org/10.3390/su15010458 access: open language: en citation: Artículo Materias > Ciencias Sociales Materias > Ingeniería Universidad Europea del Atlántico > Investigación > Producción Científica Fundación Universitaria Internacional de Colombia > Investigación > Producción Científica Universidad Internacional Iberoamericana México > Investigación > Producción Científica Universidad Internacional Iberoamericana Puerto Rico > Investigación > Producción Científica Universidad Internacional do Cuanza > Investigación > Producción Científica Abierto Inglés Innovation plays a pivotal role in the progress and goodwill of an organization, and its ability to thrive. Consequently, the impact analysis of innovation on the performance of an organization holds great importance. This paper presents a two-stage analytical framework to examine the impact of business innovation on a firm’s performance, especially firms from the manufacturing sector. The prime objective is to identify the factors that have an impact on firm-level innovation, and to examine the impact of firm-level innovation on business performance. The framework and its analysis are based on the latest World Bank enterprise survey, with a sample size of 696 manufacturing firms. The first stage of the proposed framework establishes the analytical results through Bivariate Probit, which indicates that research and development (R&D) has a significantly positive impact on the product, process, marketing, and organizational innovations. It thus highlights the important role of the allocation of lump-sum amounts for R&D activities. The statistical analysis shows that innovation does not depend on the size of the firms. Moreover, the older firms are found to be wiser at conducting R&D than newer firms that are reluctant to take risks. The second stage of the proposed framework separately analyzes the impacts of the product and organizational innovation, and the process and marketing innovation on the firm performance, and finds them to be statistically significant and insignificant, respectively. metadata Aslam, Mahrukh; Shafi, Imran; Ahmad, Jamil; Álvarez, Roberto Marcelo; Miró Vera, Yini Airet; Soriano Flores, Emmanuel y Ashraf, Imran mail SIN ESPECIFICAR, SIN ESPECIFICAR, SIN ESPECIFICAR, roberto.alvarez@uneatlantico.es, yini.miro@uneatlantico.es, emmanuel.soriano@uneatlantico.es, SIN ESPECIFICAR (2022) An Analytical Framework for Innovation Determinants and Their Impact on Business Performance. Sustainability, 15 (1). p. 458. ISSN 2071-1050 document_url: http://repositorio.unic.co.ao/id/eprint/5424/1/sustainability-15-00458-v2.pdf