Communicating excellence in innovation

The innovation–performance relationship is well studied in the literature, but the effect of innovation-based public recognitions is underresearched. This article finds a positive effect, whose magnitude is contingent upon the firm’s growth, experience, and its service–manufacturer character. ► Inno...

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Bibliographic Details
Published in:Economics letters 2013-01, Vol.118 (1), p.87-90
Main Authors: Nicolau, Juan Luis, Santa-María, María Jesús
Format: Article
Language:English
Subjects:
Awards
Business growth
Communication
Excellence
Firm value
Innovation
Innovations
Organization theory
Signaling
Signalling
Studies
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Summary:The innovation–performance relationship is well studied in the literature, but the effect of innovation-based public recognitions is underresearched. This article finds a positive effect, whose magnitude is contingent upon the firm’s growth, experience, and its service–manufacturer character. ► Innovation awards positively affect a firm’s value. ► The higher the growth, the stronger the effect. ► The younger the firm is, the higher the impact. ► Service firms outperform manufacturers.
ISSN:0165-1765
1873-7374
DOI:10.1016/j.econlet.2012.09.025