Enhancing Firm Performance Through Adoption of Innovation: an Empirical Evidence from Indian Biotechnological Firms

Aishwarya Narayan, Sumukh Hungund

Research output: Contribution to journalArticlepeer-review

9 Citations (Scopus)

Abstract

This paper explores the influence of innovation approaches on innovation performance and firm performance among Indian biotechnology firms. Further, it aims to discuss the interceding role of innovation performance between innovation practices and firm performance. A criteria-based snowball sampling method was adopted for data collection. The collection of data was carried out using a web survey from 200 biotechnology firms located across India. The data is analysed using a covariance-based structural equation modelling (SEM) technique. The results indicate that the adoption of innovation practices positively influences the firms’ innovation and overall performance. Furthermore, the results confirm the mediating role of innovation performance between innovation approach adoption and firm performance. Firms, particularly from the biotechnology industry, can use these results to assess their performance and formulate or modify their strategy to improve their innovation and overall performance.

Original languageEnglish
Pages (from-to)2431-2456
Number of pages26
JournalJournal of the Knowledge Economy
Volume13
Issue number3
DOIs
Publication statusPublished - 09-2022

All Science Journal Classification (ASJC) codes

  • Economics and Econometrics

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