Pablo Garrido-Prada , Desiderio Romero-Jordán , María Jesús Delgado-Rodríguez
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Abstract
This study explores SMEs' innovation investment strategy by assessing their innovation investment level and the relative innovation investment effort during crises. The relative effort is measured by the positive values of the difference between the innovation investment made for the SME and that expected considering its external and internal characteristics. This study adopts a sequential multistage approach with a Spanish SME panel. The results show the relevance of the relative effort for generating product innovations during crises. Furthermore, the relative effort is significant above a level of innovation investment which reconciles the results of previous studies.
期刊介绍：
The Journal of Engineering and Technology Management (JET-M) is an international scholarly refereed research journal which aims to promote the theory and practice of technology, innovation, and engineering management.
The journal links engineering, science, and management disciplines. It addresses the issues involved in the planning, development, and implementation of technological capabilities to shape and accomplish the strategic and operational objectives of an organization. It covers not only R&D management, but also the entire spectrum of managerial concerns in technology-based organizations. This includes issues relating to new product development, human resource management, innovation process management, project management, technological fusion, marketing, technological forecasting and strategic planning.
The journal provides an interface between technology and other corporate functions, such as R&D, marketing, manufacturing and administration. Its ultimate goal is to make a profound contribution to theory development, research and practice by serving as a leading forum for the publication of scholarly research on all aspects of technology, innovation, and engineering management.
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