Innovation and Corporate Performance in the Spanish Regions

Journal of Policy Modeling, vol. 40, núm. 5, págs. 998-1021. I.S.S.N.: 0161-8938, 2018

Posted: 18 Jun 2019

Date Written: 2018

Abstract

This paper analyzes the relationship between corporate performance and innovative effort for a set ofSpanish companies during the 2007–2013 period. For this purpose, we use a panel data model. We findevidence that the return on equity (ROE) and, in particular, sales revenues are positively influenced bycorporate innovation. Moreover, we also find evidence that this positive relationship is stronger in largecompanies. The analysis regarding the age of the company indicates that, in start-ups or younger companies,innovation effort has a greater effect on corporate performance than in older companies.

Keywords: Innovation, Corporate performance, SME, ROE, Sales revenues

JEL Classification: G30, M13, L25, O32

Suggested Citation

González-Fernández, Marcos and González-Velasco, Carmen, Innovation and Corporate Performance in the Spanish Regions (2018). Journal of Policy Modeling, vol. 40, núm. 5, págs. 998-1021. I.S.S.N.: 0161-8938, 2018, Available at SSRN: https://ssrn.com/abstract=3400357

Marcos González-Fernández

Universidad de León ( email )

Leon, 24071
Spain

Carmen González-Velasco (Contact Author)

Universidad de León ( email )

Leon, 24071
Spain

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