State and Dynamics of the Innovative Performance of Medium and Large Firms in the Manufacturing Sector in Emerging Economies: The Cases of Peru and Ecuador

• Published in: Sustainability Vol. 15; no. 1; p. 670
• Main Authors: Murrieta-Oquendo, María Elena, De la Vega, Iván Manuel
• Format: Journal Article
• Language: English
• Published: Basel MDPI AG 01.01.2023
• Subjects: Collaboration; Competitive advantage; Economic aspects; Economic growth; Economic research; Emerging markets; Innovations; Manufacturing; Manufacturing industry; Productivity; Regression analysis; Small and medium sized companies; Sustainability; France; Chile; Ecuador; Peru
• ISSN: 2071-1050; 2071-1050
• DOI: 10.3390/su15010670

The purpose of this study was to analyze the current state and dynamics of the innovative behavior of medium and large manufacturing firms in Peru and Ecuador. It has been shown that the factors that enhance or enable the possibilities of innovation in organizations can be internal or external. This study took a quantitative approach, and regression models were applied to samples composed of firms. The relationships between external factors and business resources following the implementation of innovation were analyzed, as was the impact that these factors had on sales performance, considering the effect of the size and age of the firms. The innovations most implemented in firms in Ecuador were processes, and in Peru, organizational innovations were predominant. There were no external factors or business resources statistically related to these types of innovation for each country. For Peruvian firms, the age of the firm presented an inverse relationship to its performance. The study confirms the results of other studies conducted in Peru, and for Ecuador, these findings represent one of the first contributions on this topic. This study contributes to the discussion of the effects, in emerging Latin American countries, of a firm’s age on its ability to innovate.