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Technological Innovation, Firm Performance, and Institutional Context: A Meta-Analysis

Mahto, R.; Singhal, C.; Kraus, S.

Technological Innovation, Firm Performance, and Institutional Context: A Meta-Analysis Thumbnail


Authors

R. Mahto

C. Singhal

S. Kraus



Abstract

Technological innovation, a complex and multidimensional construct, refers to innovations associated with an organization's operations, such as the introduction of new/improved products or processes. Scholars and practitioners recognize the importance of technological innovation in a firm's ability to obtain a sustainable competitive advantage. However, the empirical findings on the overarching relationship between technological innovation and firm performance remain inconclusive. Thus, in this article, we attempt to reconcile the mixed empirical results on the relationship by employing a multivariate meta-analytic methodology. We find that technological innovation has a significant and positive impact on a firm's performance. Furthermore, we find empirical support for the moderating influence of cross-cultural and institutional differences on the relationship. We observed a better performance outcome for innovation occurring in nations with a lower propensity to avoid uncertainty and collectivistic attitudes. In contrast, performance suffers when technological innovation occurs in nations that have stronger patent protection.

Citation

Mahto, R., Singhal, C., & Kraus, S. (2022). Technological Innovation, Firm Performance, and Institutional Context: A Meta-Analysis. IEEE Transactions on Engineering Management, 69(6), 2976-2986. https://doi.org/10.1109/tem.2020.3021378

Journal Article Type Article
Acceptance Date Aug 24, 2020
Online Publication Date Oct 7, 2020
Publication Date 2022-12
Deposit Date Sep 1, 2020
Publicly Available Date Sep 15, 2020
Journal IEEE Transactions on Engineering Management
Print ISSN 0018-9391
Electronic ISSN 1558-0040
Publisher Institute of Electrical and Electronics Engineers
Peer Reviewed Peer Reviewed
Volume 69
Issue 6
Pages 2976-2986
DOI https://doi.org/10.1109/tem.2020.3021378
Public URL https://durham-repository.worktribe.com/output/1263363
Publisher URL https:/doi.org/10.1109/TEM.2020.3021378

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Copyright Statement
© 2020 IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other uses, in any current or future media, including reprinting/republishing this material for advertising or promotional purposes, creating new collective works, for resale or redistribution to servers or lists, or reuse of any copyrighted component of this work in other works.





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