PURPOSE - This paper aims to explain through a statistical model the link between innovation and performance. The data taken into consideration is from Unicredit Group survey for the period 2004-2006 on Italian manufacturing firms.METHODOLOGY - We consider a broad concept of innovation: investments in R&D and technology, new processes, new products, innovation in terms of marketing and organization, investments in training of human resources. Performance is measured in terms of ROA without considering extraordinary items and taxes, to eliminate exceptional events and fiscal aspects.FINDINGS - With respect to innovation strategies, we find a weak, but significant, relationship between ROA and innovation. In addition, the influence of innovation on ROA does depend on innovation types and industry structures. Conversely, the amount of innovation expenditures does not have an influence on performance.LIMITATIONS - The main limitations of our analysis are represented by the missing values coming from the financial reporting in short form and by the consideration of a short time period (the year 2006), with reference to the innovation expenditures and the measurement of performance.IMPLICATIONS - From a managerial point of view, our model describing the relationship between innovation drivers and financial performance might represent a useful tool for managers aiming to introduce or implement innovation strategies in their organization. ORIGINALITY - Innovation is a common topic in econometric studies but not so much in managerial and accounting literature. The goal of the paper is to link macro and micro perspectives in a combined framework based on managerial and financial accounting.

Innovation and performance: some evidence from Italian firms / Ferrari, Mascia; LA ROCCA, Luca. - STAMPA. - 20:(2010), pp. 115-141. [10.1108/S1479-3512(2010)0000020008]

Innovation and performance: some evidence from Italian firms

FERRARI, Mascia;LA ROCCA, Luca
2010

Abstract

PURPOSE - This paper aims to explain through a statistical model the link between innovation and performance. The data taken into consideration is from Unicredit Group survey for the period 2004-2006 on Italian manufacturing firms.METHODOLOGY - We consider a broad concept of innovation: investments in R&D and technology, new processes, new products, innovation in terms of marketing and organization, investments in training of human resources. Performance is measured in terms of ROA without considering extraordinary items and taxes, to eliminate exceptional events and fiscal aspects.FINDINGS - With respect to innovation strategies, we find a weak, but significant, relationship between ROA and innovation. In addition, the influence of innovation on ROA does depend on innovation types and industry structures. Conversely, the amount of innovation expenditures does not have an influence on performance.LIMITATIONS - The main limitations of our analysis are represented by the missing values coming from the financial reporting in short form and by the consideration of a short time period (the year 2006), with reference to the innovation expenditures and the measurement of performance.IMPLICATIONS - From a managerial point of view, our model describing the relationship between innovation drivers and financial performance might represent a useful tool for managers aiming to introduce or implement innovation strategies in their organization. ORIGINALITY - Innovation is a common topic in econometric studies but not so much in managerial and accounting literature. The goal of the paper is to link macro and micro perspectives in a combined framework based on managerial and financial accounting.
20
115
141
Ferrari, Mascia; LA ROCCA, Luca
Innovation and performance: some evidence from Italian firms / Ferrari, Mascia; LA ROCCA, Luca. - STAMPA. - 20:(2010), pp. 115-141. [10.1108/S1479-3512(2010)0000020008]
File in questo prodotto:
File Dimensione Formato  
Ferrari La Rocca.pdf

non disponibili

Tipologia: Post-print dell'autore (bozza post referaggio)
Dimensione 686.72 kB
Formato Adobe PDF
686.72 kB Adobe PDF   Visualizza/Apri   Richiedi una copia
Pubblicazioni consigliate

Caricamento pubblicazioni consigliate

Licenza Creative Commons
I metadati presenti in IRIS UNIMORE sono rilasciati con licenza Creative Commons CC0 1.0 Universal, mentre i file delle pubblicazioni sono rilasciati con licenza Attribuzione 4.0 Internazionale (CC BY 4.0), salvo diversa indicazione.
In caso di violazione di copyright, contattare Supporto Iris

Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/11380/643122
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus 3
  • ???jsp.display-item.citation.isi??? ND
social impact