Notice: Undefined index: HTTP_ACCEPT_LANGUAGE in /home/www/fsev.tnuni.sk/www/revue/lang.php on line 3 Sociálno-ekonomická revue

INNOVATION POTENTIAL OF SMEs AND ITS IMPACT ON ECONOMIC PERFORMANCE IN THE V4 COUNTRIES

Abstrakt:

SMEs are crucial in most economies. Although they have fewer resources than large enterprises, they strive to be at least as competitive. Innovation, among other things, is now seen as a key factor contributing to competitiveness and economic prosperity at both micro and macro levels. In this context, the innovation performance of SMEs and its impact on national economies is very often monitored. While in some countries the number of innovative SMEs is relatively high, in others it remains low for various reasons. These are mostly countries where economic growth is also lower. The article aims to identify the relationship between GDP per capita and the share of SMEs introducing product/business process innovations in the V4 countries, as well as to identify the dynamics of the evolution of the share of innovative SMEs in the total number of SMEs in these countries. The main sources of data for us were Eurostat databases and the European innovation scoreboard. The obtained data were evaluated using correlation analysis and single-factor analysis of variance.

Autor: Veronika ŽÁRSKÁ

Vydanie: 2024/1     Strany: 44-53     Klasifikácia JEL: D22, L26, O30     
DOI: https://doi.org/10.52665/ser20240105

Kľúčové slová: GDP, innovation, SMEs, V4 countries

Sekcia:

Kontakty:
Veronika, Žárská, Ing., PhD.
Alexander Dubček University of Trenčín,
Faculty of Social and Economic Relations
Študentská 3, Trenčín, Slovak republic
e-mail: veronika.zarska@tnuni.sk


Literatúra:

Batrancea, L. M., Balcı, M. A., Chermezan, L., Akgüller, O., Masca, E. S., & Gaban, L. (2022). Sources of SMEs Financing and Their Impact on Economic Growth across the European Union: Insights from a Panel Data Study Spanning Sixteen Years. Sustainability (Switzerland), 14(22). https://doi.org/10.3390/su142215318
Breckova, P. (2017). Smes’ Innovation Approach in the Czech Republic. MARKETING AND MANAGEMENT OF INNOVATIONS, 3, 304–313. https://doi.org/10.21272/mmi.2017.3-28
Caballero-Morales, S.-O. (2021). Innovation as recovery strategy for SMEs in emerging economies during the COVID-19 pandemic. RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE, 57, 101396. https://doi.org/10.1016/j.ribaf.2021.101396
Gruzina, Y., Firsova, I., & Strielkowski, W. (2021). Dynamics of human capital development in economic development cycles. Economies, 9(2). Scopus. https://doi.org/10.3390/economies9020067
Gyamfi, S., Gerstlberger, W., Prokop, V., & Stejskal, J. (2024). A new perspective for European SMEs’ innovative support analysis: Does non-financial support matter? Heliyon, 10(1), e23796. https://doi.org/10.1016/j.heliyon.2023.e23796
Hrivnak, M., Moritz, P., & Chrenekova, M. (2021). What Kept the Boat Afloat? Sustainability of Employment in Knowledge-Intensive Sectors Due to Government Measures during COVID-19 Pandemic. SUSTAINABILITY, 13(15), 8441. https://doi.org/10.3390/su13158441
Indrawati, A. D., Armanu, Troena, E. A., & Yuniarinto, A. (2024). Utilizing innovation and collective organizational engagement into SMEs’ sustainable competitive advantage. Uncertain Supply Chain Management, 12(3), 1589–1602. https://doi.org/10.5267/j.uscm.2024.3.021
Istipliler, B., Bort, S., & Woywode, M. (2023). Flowers of adversity: Institutional constraints and innovative SMEs in transition economies. Journal of Business Research, 154, 113306. https://doi.org/10.1016/j.jbusres.2022.113306
Marinho, B. F. D., & Costa Melo, I. (2022). Fostering Innovative SMEs in a Developing Country: The ALI Program Experience. Sustainability (Switzerland), 14(20). https://doi.org/10.3390/su142013344
Ministerstvo dopravy a výstavby SR. (2024). Výskum a inovácie.
https://www.opii.gov.sk/informacie/vyskum-inovacie
Mirza, A., & Baharudin, S. A. (2024). Innovation Barrier to Smes Development: Evidence from Afghanistan. INTERNATIONAL JOURNAL OF BUSINESS AND SOCIETY, 25(1), 388–406. https://doi.org/10.33736/ijbs.6922.2024
Perez-Gomez, P., Arbelo-Perez, M., Arbelo, A. (2018). Profit efficiency and its determinants in small and mediumsized enterprises in Spain. BRQ Business Research Quarterly, 21 (4), 238–250. https://doi.org/10.1016/j.brq.2018.08.003
Rakib, M., Azis, M., Najib, M., & Isma, A. (2024). Impact of Digital Literacy, Business Innovation, Competitive Advantage on the Existence of SMEs: a quantitative study in Makassar City, Indonesia. QUALITY-ACCESS TO SUCCESS, 25(198), 277–283. https://doi.org/10.47750/QAS/25.198.30
Saridakis, G., Idris, B., Hansen, J. M., & Dana, L. P. (2019). SMEs’ internationalisation: When does innovation matter? Journal of Business Research, 96, 250–263. https://doi.org/10.1016/j.jbusres.2018.11.001
Spithoven, A., Vanhaverbeke, W., & Roijakkers, N. (2013). Open innovation practices in SMEs and large enterprises. Small Business Economics, 41(3), 537–562. https://doi.org/10.1007/s11187-012-9453-9
Sun, J., Alebo, K.C., & Shen, H. (2022). Pandemics and Human Capital: Panel Data Evidence From 122 Countries. Frontiers in public health, 10. https://www.frontiersin.org/articles/10.3389/fpubh.2022.885957/full
Teslenko, V., Melnikov, R., & Bazin, D. (2021). Evaluation of the impact of human capital oninnovation activity in Russian regions. Regional Studies, Regional Science. 8 (1), 109-126. https://doi.org/10.1080/21681376.2021.1900744
Ullah, F., Degong, M., Anwar, M., Hussain, S., & Ullah, R. (2021). Supportive tactics for innovative and sustainability performance in emerging SMEs. Financial Innovation, 7(1). https://doi.org/10.1186/s40854-021-00284-8
UNECE. (2022). Small and Medium Sized Enterprises in Economies in Transition: Challenges, Opportunities, and UNECE Tools. Informal Policy Brief. https://unece.org/sites/default/files/2022-05/SMEs%20Paper-forwebsite.pdf








Sociálno-ekonomická revue
Fakulta sociálno-ekonomických vzťahov
Trenčianska univerzita Alexandra Dubčeka v Trenčíne
Študentská 2
911 50 Trenčín
Slovak Republic

tel.: +421 7400 428
e-mail:

Copyright © fsev.tnuni.sk