Mutual Effects Between Innovation Commitment and Exports: Evidence from the Owner-Manager in Colombia

Izaias Martins, Eduardo Goméz-Araujo, Yancy Vaillant

Abstract


Latin America and the Caribbean is recognized as a region of entrepreneurs, as evidenced by the high amount of ventures per capita; however, just a few number of companies export and most of them show a weak growth and little innovation. Using information from the GEM database – Colombia 2010 and 2011, this study investigates the mutual effects between the owner-manager’s commitment to innovation and the export behavior of companies. Logistic and Ordinal regression models are used to test the proposed hypotheses in this study.

The main findings of this study suggest that the owner-manager’s commitment to innovation is an important booster for exports, as well as for increasing sales abroad. Furthermore, the results suggest that the export propensity, in turn, increases the likelihood of involvement of owner-managers to innovate in Colombia.


Keywords


Innovation; Export Behavior; Owner-Manager Commitment; GEM-Colombia

Full Text:

PDF

References


ACS, Z. J., Amorós J. E. (2008). Entrepreneurship and competitiveness dynamics in Latin America. Small Business Economics, 31(3), 305-322. doi:http://dx.doi.org/10.1007/ s11187-008-9133-y

AKMAN, G., Yilmaz, C. (2008). Innovative capability, innovation strategy and market orientation: an empirical analysis in Turkish software industry. International Journal of Innovation Management, 12(01), 69-111. doi:http://dx.doi. org/10.1142/s1363919608001923

ALPAY, G., Bodur, M., Yilmaz, C., Buyukbalci, P. (2012). How does innovativeness yield superior firm performance? The role of marketing effectiveness. Innovation: Management, Policy & Practice, 14(1), 107-128. doi:http://dx.doi. org/10.5172/impp.2012.14.1.107

AMORÓS, J.E., Cristi, O. (2008). Longitudinal analysis of entrepreneurship and competitiveness dynamics in Latin America. International Entrepreneurship and Management Journal, 4(4), 381-399. doi:http://dx.doi.org/10.1007/s11365008-0082-3

ANAND, B.N., Khanna, T. (2000). Do firm learn to create value? The case of alliances. Strategic Management Journal,

(3), 295-315. doi:http://dx.doi.org/10.1002/(sici)10970266(200003)21:3<295::aid-smj91>3.3.co;2-f

ANDERSSON, S., Gabrielsson, J., Wictor, I. (2004). International activities in small firms: examining factors influencing the internationalization and export growth of small firms. Canadian Journal of Administrative Sciences, 21(1), 22-34. doi:http://dx.doi.org/10.1111/j.1936-4490.2004. tb00320.x

AUTIO, E., Sapienza, H.J., Almeida, J.G. (2000). Effects of age at entry, knowledge intensity, and imitability on international growth. Academy of Management Journal, 43(5), 909-24. doi:http://dx.doi.org/10.2307/1556419

BARNEY, J. (1991). Firm resources and sustained competitive advantage. Journal of Management, 17(1), 99-120. doi:http:// dx.doi.org/10.1177/014920639101700108

CALDERA, A. (2010). Innovation and exporting: evidence from Spanish manufacturing firms. Review of World Economics, 146(4), 657-689. doi:http://dx.doi.org/10.1007/ s10290-010-0065-7

CASSIMAN, B., Golovko, E. (2011). Innovation and internationalization through exports. Journal of International Business Studies, 42(1) 56-75. doi:http://dx.doi.org/10.1057/ jibs.2010.36

CASSIMAN, B., Martínez-Ros, E. (2007). Product innovation and exports. Evidence from Spanish manufacturing, IESE Business School, Barcelona, 1-36.

CHETTY, S.K., Wilson, H. (2003). Collaborating with competitors to acquire resources. International Business

Review, 12(1), 61-81. doi:http://dx.doi.org/10.1016/s09695931(02)00088-4

COHEN, W.M., Levinthal, D.A. (1990). Absorptive capacity: a new perspective on learning and innovation. Administrative Science Quarterly, 35(1) 128-152. doi:http://dx.doi. org/10.2307/2393553

DAMIJAN, J.P., Kostevc, C., Polanec, S. (2010). From innovation to exporting or vice versa? The World Economy, 33(3), 374398. doi:http://dx.doi.org/10.1111/j.1467-9701.2010.01260.x

EIRIZ, V., Faria, A., Barbosa, N. (2013). Firm growth and innovation: toward a typology of innovation strategy. Innovation: Management, Policy & Practice 15(1), 97-111. doi:http://dx.doi.org/10.5172/impp.2013.15.1.97

ERIKSSON, K., Johanson, J., Majkgard, A., Sharma, D. (1997). Experimental knowledge and cost in the internationalization process. Journal of International Business Studies, 28(2), 337360. doi:http://dx.doi.org/10.1057/palgrave.jibs.8490104

FARIÑAS, J.C., Martín-Marcos, A. (2007). Exporting and economic performance: firm-level evidence of Spanish manufacturing. The World Economy, 30(4), 618-646. doi:http://dx.doi.org/10.1111/j.1467-9701.2007.01007.x

FILIPESCU, D.A., Prashantham, S., Rialp, A., Rialp, J. (2013). Technological Innovation and Exports: Unpacking Their Reciprocal Causality. Journal of International Marketing, 21(1), 23-38. doi:http://dx.doi.org/10.1509/jim.12.0099

FILIPESCU, D.A., Rialp, A., Rialp, J. (2009). Internationalisation and technological innovation: empirical evidence on their mutual relationship. Advances in International Marketing, 20, 125-154. doi: http://dx.doi.org/10.1108/s14747979(2009)0000020008

FUENTES, F.J., Sánchez, S.M. (2010). Análisis del perfil emprendedor: una perspectiva de género. Estudios de Economía Aplicada, 28(3), 1-28.

GASSMANN, O., Keupp, M.M. (2007). The competitive advantage of early and rapidly internationalising SMEs in the biotechnology industry: a knowledge-based view. Journal of World Business, 42(3), 350-366. doi:http://dx.doi. org/10.1016/j.jwb.2007.04.006

GLOBAL Entrepreneurship Monitor. (2012). Reporte GEM Colombia 2001-2012.

GOLOVKO, E., Valentine, G. (2011). Exploring the complementarity between innovation and export for SMEs’ growth. Journal of International Business Studies, 42(3), 362380. doi:http://dx.doi.org/10.1057/jibs.2011.2

GONZÁLEZ-PERNÍA, J., Peña-Legazkue, I. (2011). FDI, external knowledge and the export-oriented behaviour of Spanish early-stage entrepreneurs. In 5th Global Entrepreneurship Research Conference, 6-8 October, Cartagena de Indias (Colombia).

GRANT, R.M. (1996). Prospering in dynamically-competitive environments: organizational capability as knowledge integration. Organization Science, 7(4), 375-387. doi:http:// dx.doi.org/10.1287/orsc.7.4.375

HAIR, J.F., Anderson, R.E., Tatham, R.L., Black, W.C. (1998). Multivariate data analysis. (5thed). Prentice-Hall International Corp: London.

HITT, M.A., Hoskisson, R.E., Kim, H. (1997). International diversification: effects on innovation and firm performance in product diversified firms. Academy of Management Journal, 40(4), 767-798. doi:http://dx.doi.org/10.2307/256948

HULT, G.T.M., Hurley, R.F., Knight, G.A. (2004). Innovativeness: Its antecedents and impact on business performance. Industrial Marketing Management, 33(5), 429-438. doi:http:// dx.doi.org/10.1016/s0019-8501(03)00116-0

JOHANSON, J., Vahlne, J.E. (1990). The mechanism of internationalisation. International Marketing Review, 7(4), 11-24. doi:http://dx.doi.org/10.1108/02651339010137414

KAFOUROS, M.I., Buckley, P.J., Sharp, J.A. and Wang, C. (2008). The role of internationalization in explaining innovation performance. Technovation, 28(1), 63-74. doi:http://dx.doi.org/10.1016/j.technovation.2007.07.009

KATSIKEAS, C.S., Leonidou, L.C., Morgan, N.A. (2000). Firm-level export performance assessment: review, evaluation, and development. Journal of the Academy of Marketing Science, 28(4), 493-511. doi:http://dx.doi.org/10.1177/0092070300284003

KIRBACH, M., Schmiedeberg, C. (2008). Innovation and export performance: adjustment and remaining differences in East and West German manufacturing.

Econ. Innov.New Techn, 17(5), 435-457. doi:http://dx.doi. org/10.1080/10438590701357189

KNIGHT, G.A., Cavusgil, S.T. (2004). Innovation, organizational capabilities, and the born-global firm. Journal of International Business Studies, 35(2), 124-141. doi:http:// dx.doi.org/10.1057/palgrave.jibs.8400071

LACHENMAIER, S., Wobmann, L. (2006). Does innovation cause exports? Evidence from exogenous innovation impulses and obstacles using German micro data. Oxford Economic Paper, 58(2), 317-350. doi:http://dx.doi. org/10.1093/oep/gpi043

LANE, P.J., Lubatkin, M. (1998). Relative absorptive capacity and interorganizational learning. Strategic Management Journal, 19(5), 461-477. doi:http://dx.doi.org/10.1002/ (sici)1097-0266(199805)19:5<461::aid-smj953>3.3.co;2-c

LEDERMAN, D., Messina, J., Pienknagura, S., Rigolini, J. (2014). El emprendimiento en América Latina: muchas empresas y poca innovación (Resumen). Banco Mundial Washington, DC. López-Rodríguez J y García-Rodríguez R (2005) Technology and export behaviour: a resource-based view approach. International Business Review, 14(5), 539-557. doi:http:// dx.doi.org/10.1016/j.ibusrev.2005.07.002

MEADE, A.W., Watson, A.M., Kroustalis, M. (2007). Assessing common methods bias in organizational research. In 22nd Annual Meeting of the Society for Industrial and Organizational Psychology Proceedings, New York, (pp.1-6). doi:http://dx.doi.org/10.1037/e518532013-132

MOLERO, J. (1998). Patterns of internationalization of Spanish innovatory firms. Research Policy, 27(5), 541-558. doi:http://dx.doi.org/10.1016/s0048-7333(98)00064-x

MONREAL-PÉREZ, J., Aragón-Sánchez, A., Sánchez-Marín, G. (2012). A longitudinal study of the relationship between export activity and innovation in the Spanish firms: the moderating role of productivity. International Business Review, 21(5), 862-877. doi:http://dx.doi.org/10.1016/j. ibusrev.2011.09.010

PAN, Y., Chi, P.S.K. (1999). Financial performance and survival of multinational corporations in China. Strategic Management Journal, 20(4), 359-374. doi:http://dx.doi.org/10.1002/(sici)1097-0266(199904)20:4<359::aid-smj31>3.0.co;2-9

PENROSE, E. (1995). The Theory of the growth of the firm. Basil Blackwell, Oxford. doi:http://dx.doi.org/10.1093/01982 89774.001.0001

PODMETINA, D., Smirnova, M., Vaatanen, J., Torkkeli, M. (2009). Innovativeness and international operations: cause of Russian R&D companies. International Journal of Innovation Management, 13(02), 295-317. doi:http://dx.doi.org/10.1142/ s1363919609002303

PODSAKOFF, P.M., MacKenzie, S.B. Lee, J., Podsakoff, N. (2003). Common method biases in behavioral research: a critical review of the literature and recommended remedies. Journal of Applied Psychology, 88(5), 879-903. doi:http:// dx.doi.org/10.1037/0021-9010.88.5.879

PRASAD, R. (2004). Transformation of national innovations systems towards the knowledge economy in a globalised world, with special reference to key industrial sector in India. Innovation: Management, Policy & Practice, 6(3), 392-403. doi:http://dx.doi.org/10.5172/impp.2004.6.3.392

PRASHANTHAM, S. (2005). Toward a knowledge-based conceptualization of internationalization. Journal of International Entrepreneurship, 3(1), 37-52. doi:http://dx.doi. org/10.1007/s10843-005-0304-5

REYNOLDS, P., Bosma, N., Autio, E., Hunt, S., De Bono, N., Servais, I., Lopez-Garcia, P., Chin, N. (2005). Global entrepreneurship monitor: data collection design and implementation 1998-2003. Small Business Economics, 24(3), 205-231. doi:http://dx.doi.org/10.1007/s11187-005-1980-1

RHEE, J., Park, T., Lee, D.H. (2010). Drivers of innovativeness and performance for innovative SMEs in South Korea: mediation of learning orientation. Technovation, 30(1), 6575. doi:http://dx.doi.org/10.1016/j.technovation.2009.04.008

RIALP, A., Rialp, J., Knight, G.A. (2005). The phenomenon of early internationalizing firms: what do you know after a decade (1993-2003) of scientific inquiry? International Business Review, 14(2), 147-166. doi:http://dx.doi. org/10.1016/j.ibusrev.2004.04.006

RICHARD, O.C., Wu, P., Chadwick, K. (2009). The impact of entrepreneurial orientation on firm performance: the role of CEO position tenure and industry tenure. The international Journal of Human Resource Management, 20(5), 1078-1095. doi:http://dx.doi.org/10.1080/09585190902850281

ROPER, S., Love, J.H. (2002). Innovation and export performance: evidence from the UK and German manufacturing plants. Research Policy, 31(7), 1087-1102. doi:http://dx.doi.org/10.1016/s0048-7333(01)00175-5

SALAZAR, F., Cavazos, J., Poch, J., Santos, F. (2014). Cognición de la Innovación Industrial en América Latina: Avances y Desafíos. Journal of technology management & innovation,

(1), 148-157. doi:http://dx.doi.org/10.4067/s071827242014000100012

SALOMON, R., Jin, B. (2008). Does knowledge spill to leaders or laggards? Exploring industry heterogeneity in learning by exporting. Journal of International Business Studies, 39(1), 132-150. doi:http://dx.doi.org/10.1057/palgrave.jibs.8400320

SALOMON, R., Shaver, J. (2005). Learning-by-exporting: new insights from examining firm innovation. Journal of Economics and Management Strategy, 14(2), 431-460. doi:http://dx.doi.org/10.1111/j.1530-9134.2005.00047.x

SAPIENZA, H.J., De Clercq, D., Sandberg, W.R. (2005). Antecedents of international and domestic learning effort. Journal of Business Venturing, 20(4), 437-457. doi:http:// dx.doi.org/10.1016/j.jbusvent.2004.03.001

SÁNCHEZ-SELLERO, P., Sánchez-Sellero, M., SánchezSellero, F. J. and Cruz-González, M. M. (2014). Innovación y productividad manufacturera. Journal of technology management & innovation, 9(3), 135-145. doi:http://dx.doi.org/10.4067/s0718-27242014000300010

SCHAAPER, M. (2014). The Human Factor in Innovation. In: Dutta, S., Lanvin, B. and Wunsch-Vincent, S. (Eds.), The Global Innovation Index 2014, 69-74.

TEECE, D.J., Pisano, G., Shuen, A. (1997). Dynamic capabilities and strategic management. Strategic Management Journal,

(7), 509-533. doi: http://dx.doi.org/10.1016/b978-0-75067088-3.50009-7

WIKLUND, J. (1999). The sustainability of the entrepreneurial orientation–performance relationship. Entrepreneurship Theory and Practice, 24(1), 37-48.

WIKLUND, J., Shepherd, D. (2005). Entrepreneurial orientation, and small business performance: a configurational approach. Journal of Business Venturing, 20(1), 71-91. doi:http://dx.doi.org/10.1016/j.jbusvent.2004.01.001

ZAHRA, S.A., George, G. (2002). Absorptive capacity: a review, reconceptualization, and extension. Academy of Management Review, 27(2) 185-203. doi:http://dx.doi.org/10.5465/amr.2002.6587995




DOI: http://dx.doi.org/10.4067/S0718-27242015000100008



Copyright (c) 2015 Journal of Technology Management & Innovation

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

2017 © Universidad Alberto Hurtado - Facultad de Economía y Negocios. 
Erasmo Escala 1835 - Santiago, Chile.
Economic Analysis Review | Observatorio Económico | Gestión y Tendencias 

Journal Supported by Chimera Innova Group