The Impact of Environmental Turbulence on the Perceived Importance of Innovation and Innovativeness in SMEs
研究了市场动荡、技术动荡和竞争强度如何影响中小企业对创新重要性和创新性的感知，进而影响企业绩效。基于373家中小企业样本，发现市场和技术动荡提升创新重要性感知，但只有市场动荡直接影响创新性。
This study investigates how market turbulence, technological turbulence, and competitive intensity affect the perceived importance of innovation and innovativeness, and thus SMEs’ business performance. Structural equation modeling is conducted on a sample of 373 SMEs. Our findings show that both market and technological turbulence increase the perceived importance of innovation, but only market turbulence impacts SMEs’ innovativeness directly. The perceived importance of innovation mediates environmental turbulence’s influence on a firm’s innovativeness. Competitive intensity has no significant effect on the perceived importance of innovation and innovativeness. Finally, innovativeness enhances business performance when using both perceptual and lagged objective performance data.