Organizational innovations and their effect on business performance

Abstract:

In contrast with the literature about technological innovations, literature analyzing the adoption and effects of organizational innovations is relatively scarce. This is due to the difficulties in conceptualizing and measuring this concept. Utilizing data from the Technological Innovation Panel (Panel de Innovación Tecnológica, PITEC, in Spanish), the factors that influence the adoption of organizational innovations as well as their effect on different variables for business performance were analyzed. To accomplish this, a trivariate probit model was estimated, through application of the maximum simulated verisimilitude model, incorporating the Geweke-Hajivassiliou-Keane (GHK) simulation. Results reveal interdependence between the different types of organizational innovations and the need to control this interaction. On the other hand, analysis of the effect of organizational innovations makes it possible to conclude that those related to organizing work generate a greater impact on business performance.

Año de publicación:

2011

Keywords:

• Administrative innovations
• Business performance
• innovation
• Organizational innovations

Fuente:

scopus