Innovativeness and its influence on growth and market extension in construction firms in the Andalusian region

Innovation is playing an increasingly prominent role in competitive advantage. To explore innovation in the construction industry, we have studied a sample of 113 Andalusian firms in this sector, tackling two key issues. Firstly, we address how firms innovate. A multiple linear regression model allo...

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Bibliographic Details
Published inJournal of engineering and technology management Vol. 43; pp. 19 - 33
Main Authors Martínez-Román, Juan A., Tamayo, Juan A., Gamero, Javier
Format Journal Article
LanguageEnglish
Published Amsterdam Elsevier B.V 01.01.2017
Elsevier Sequoia S.A
Subjects
Business competition
Competitive advantage
Construction industry
Economic crisis
Firm growth
Hypothesis testing
Innovation
Innovations
Innovative capability
Market extension
Product development
Regression analysis
Regression models
Statistical analysis
Studies
Andalusia Spain
Spain
Innovation
Innovative capability
Market extension
M10
Firm growth
O32
Construction industry
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Summary:Innovation is playing an increasingly prominent role in competitive advantage. To explore innovation in the construction industry, we have studied a sample of 113 Andalusian firms in this sector, tackling two key issues. Firstly, we address how firms innovate. A multiple linear regression model allows us to observe that internal factors contribute to product innovation, whereas external knowledge sources are predominant in process innovation. Secondly, statistical hypothesis testing validates the positive impact of product innovation on internationalization, and of process innovation on firm growth. Hence, innovation helps to boost competitiveness in construction firms, making it beneficial during periods of crisis.
ISSN:0923-4748
1879-1719
DOI:10.1016/j.jengtecman.2016.11.002