Determinants of Technological and non-technological Innovations: Evidence from Ghana’ Manufacturing and Service Sectors

References

• Ab Rahman, Z. N., Ismail, N., & Rajiani, I. (2018). Challenges for managing non-technological innovation: A case from Malaysian public sector. Polish Journal of Management Studies, 17(1), 7–16.
   Web of Science ®Google Scholar
• Abdulai, A. F., Murphy, L., & Thomas, B. (2020). University knowledge transfer and innovation performance in firms: The Ghanaian experience. International Journal of Innovation Management, 24(3), 2050023.
   Web of Science ®Google Scholar
• Acosta-Prado, J. C. (2020). Relationship between organizational climate and innovation capability in new technology-based firms. Journal of Open Innovation: Technology, Market, and Complexity, 6(2), 28.
   Google Scholar
• Adegboye, A. C., & Iweriebor, S. (2018). Does access to finance enhance SME innovation and productivity in Nigeria? Evidence from the world bank enterprise survey. African Development Review, 30(4), 449–461.
   Web of Science ®Google Scholar
• Adeyeye, A. D., Jegede, O. O., & Akinwale, Y. O. (2013). The impact of technology innovation and R&D on firms’ performance: An empirical analysis of Nigeria’s service sector. International Journal of Technological Learning, Innovation and Development, 6(4), 374–395.
   Google Scholar
• Adu-Danso, E., & Abbey, E. (2022). Does foreign ownership enhance technological innovation amongst manufacturing firms in Sub-Saharan Africa? Journal of Small Business & Entrepreneurship, 34(2), 195–221.
   Google Scholar
• Afful, B., & Owusu, G. (2017). Types and drivers of innovation in the manufacturing sector of Ghana. nesra/wp/17/006.
   Google Scholar
• Agarwal, J., & Wu, T. (2015). Factors influencing growth potential of e‐commerce in emerging economies: An institution‐based N‐OLI framework and research propositions. Thunderbird International Business Review, 57(3), 197–215.
   Google Scholar
• Akinwale, Y. O., Akinbami, J. F. K., & Akarakiri, J. B. (2018). Factors influencing technology and innovation capability in the Nigerian indigenous oil firms. International Journal of Business Innovation and Research, 15(2), 247–268.
   Google Scholar
• Aldieri, L., Makkonen, T., & Vinci, C. P. (2021). Spoils of innovation? Employment effects of R&D and knowledge spillovers in Finland. Economics of Innovation and New Technology, 30(4), 356–370.
   Web of Science ®Google Scholar
• Amankwah-Amoah, J. (2016). The evolution of science, technology and innovation policies: A review of the Ghanaian experience. Technological Forecasting and Social Change, 110, 134–142.
   Web of Science ®Google Scholar
• Anzola-Román, P., Bayona-Sáez, C., & García-Marco, T. (2018). Organizational innovation, internal R&D and externally sourced innovation practices: Effects on technological innovation outcomes. Journal of Business Research, 91, 233–247.
   Web of Science ®Google Scholar
• Appiah, M. K., Possumah, B. T., Ahmat, N., & Sanusi, N. A. (2019). Small and medium enterprise’s internal resources and investment decisions in Ghana: The resource-based approach. Economics & Sociology, 12(3), 37–53.
   Web of Science ®Google Scholar
• Audretsch, D. B., Coad, A., & Segarra, A. (2014). Firm growth and innovation. Small Business Economics, 43(4), 743–749.
   Web of Science ®Google Scholar
• Bahl, M., Lahiri, S., & Mukherjee, D. (2021). Managing internationalization and innovation tradeoffs in entrepreneurial firms: Evidence from transition economies. Journal of World Business, 56(1), 101150.
   Web of Science ®Google Scholar
• Barney, J. B., Ketchen, D. J., Jr, & Wright, M. (2021). Bold voices and new opportunities: An expanded research agenda for the resource-based view. Journal of Management, 47(7), 1677–1683.
   Web of Science ®Google Scholar
• Bassi, F., & Dias, J. G. (2020). Sustainable development of small‐and medium‐sized enterprises in the European Union: A taxonomy of circular economy practices. Business Strategy and the Environment, 29(6), 2528–2541.
   Web of Science ®Google Scholar
• Boateng, S., & Poku, K. O. (2019). Accessing finance among women-owned small businesses: Evidence from lower Manya Krobo municipality, Ghana. Journal of Global Entrepreneurship Research, 9(1), 1–17.
   Web of Science ®Google Scholar
• Buerger, M., Broekel, T., & Coad, A. (2012). Regional dynamics of innovation: Investigating the co-evolution of patents, research and development (R&D), and employment. Regional Studies, 46(5), 565–582.
   Web of Science ®Google Scholar
• Cerf, V. G. (2008). Innovation and the Internet. Research-Technology Management, 51(1), 30–33.
   Web of Science ®Google Scholar
• Chesbrough, H. (2012). Open innovation: Where we’ve been and where we’re going. Research-Technology Management, 55(4), 20–27.
   Web of Science ®Google Scholar
• Choi, J., & Choi, J. (2017). “Create” or “buy”: internal vs. external sources of innovation and firm productivity (No. 8121). The World Bank.
   Google Scholar
• Coad, A., Segarra, A., & Teruel, M. (2016). Innovation and firm growth: Does firm age play a role?. Research Policy, 45(2), 387–400.
   Web of Science ®Google Scholar
• Cornejo-Cañamares, M., Medrano, N., & Olarte-Pascual, C. (2021). Environmental objectives and non-technological innovation in Spanish manufacturing SMEs. Journal of Cleaner Production, 296, 126445.
   Web of Science ®Google Scholar
• David-West, O., Iheanachor, N., & Kelikume, I. (2018). A resource-based view of digital financial services (DFS): An exploratory study of Nigerian providers. Journal of Business Research, 88, 513–526.
   Web of Science ®Google Scholar
• De Blasio, G., Fantino, D., & Pellegrini, G. (2015). Evaluating the impact of innovation incentives: Evidence from an unexpected shortage of funds. Industrial and Corporate Change, 24(6), 1285–1314.
   Web of Science ®Google Scholar
• Donkor, J., Donkor, G. N. A., Kankam-Kwarteng, C., & Aidoo, E. (2018). Innovative capability, strategic goals and financial performance of SMEs in Ghana. Asia Pacific Journal of Innovation and Entrepreneurship, 12(2), 238–254.
   Web of Science ®Google Scholar
• Farkas, B. (2017). Market economies of the Western Balkans compared to the Central and Eastern European model of capitalism. Croatian Economic Survey, 19(1), 5–36.
   Web of Science ®Google Scholar
• Fernandes, C. I., & Ferreira, J. J. (2013). Knowledge spillovers: Cooperation between universities and KIBS. R&D Management, 43(5), 461–472.
   Web of Science ®Google Scholar
• Fu, X., Mohnen, P., & Zanello, G. (2018). Innovation and productivity in formal and informal firms in Ghana. Technological Forecasting and Social Change, 131, 315–325.
   Web of Science ®Google Scholar
• Geldes, C., Felzensztein, C., & Palacios-Fenech, J. (2017). Technological and non-technological innovations, performance and propensity to innovate across industries: The case of an emerging economy. Industrial Marketing Management, 61, 55–66.
   Web of Science ®Google Scholar
• Gimenez-Fernandez, E. M., Sandulli, F. D., & Bogers, M. (2020). Unpacking liabilities of newness and smallness in innovative start-ups: Investigating the differences in innovation performance between new and older small firms. Research Policy, 49(10), 104049.
   Web of Science ®Google Scholar
• González-Blanco, J., Coca-Pérez, J. L., & Guisado-González, M. (2019). Relations between technological and non-technological innovations in the service sector. The Service Industries Journal, 39(2), 134–153.
   Web of Science ®Google Scholar
• Grant, R. M. (1991). Porter’s ‘competitive advantage of nations’: An assessment. Strategic Management Journal, 12(7), 535–548.
   Web of Science ®Google Scholar
• Gyamfi, S., & Stejskal, J. (2021). Cooperating for knowledge and innovation performance: The case of selected Central and Eastern European countries. Problems and Perspectives in Management, 18(4), 264–274.
   Google Scholar
• Hervas-Oliver, J. L., Sempere-Ripoll, F., & Boronat-Moll, C. (2021). Technological innovation typologies and open innovation in SMEs: Beyond internal and external sources of knowledge. Technological Forecasting and Social Change, 162, 120338.
   Web of Science ®Google Scholar
• Hutcheson, G. D. (2011). Ordinary least-squares regression. In: Moutinho, L., Hutcheson, G.D., editors. The SAGE Dictionary of Quantitative Management Research. London: Sage Publications. p. 224–228.
   Google Scholar
• Jibril, A. B., Kwarteng, M. A., Pilik, M., Botha, E., & Osakwe, C. N. (2020). Towards understanding the initial adoption of online retail stores in a low internet penetration context: An exploratory work in Ghana. Sustainability, 12(3), 854.
   Web of Science ®Google Scholar
• Kafouros, M., Love, J. H., Ganotakis, P., & Konara, P. (2020). Experience in R&D collaborations, innovative performance and the moderating effect of different dimensions of absorptive capacity. Technological Forecasting and Social Change, 150, 119757.
   Web of Science ®Google Scholar
• Kagermann, H. (2015). Change through digitization—Value creation in the age of Industry 4.0. In: Albach, H., Meffert H., Pinkwart, A., & Reichwald, R. (ed.), Management of permanent change (pp. 23–45). Wiesbaden: Springer Gabler.
   Google Scholar
• Karakara, A. A. W., & Osabuohien, E. (2020). ICT adoption, competition and innovation of informal firms in West Africa: A comparative study of Ghana and Nigeria. Journal of Enterprising Communities: People and Places in the Global Economy, 14(3), 397–414.
   Google Scholar
• Kijkasiwat, P., & Phuensane, P. (2020). Innovation and firm performance: The moderating and mediating roles of firm size and small and medium enterprise finance. Journal of Risk and Financial Management, 13(5), 97.
   Web of Science ®Google Scholar
• Lei, H., Khamkhoutlavong, M., & Le, P. B. (2021). Fostering exploitative and exploratory innovation through HRM practices and knowledge management capability: The moderating effect of knowledge-centered culture. Journal of Knowledge Management, 25(8), 1926–1946.
   Web of Science ®Google Scholar
• Li, X. (2011). Sources of external technology, absorptive capacity, and innovation capability in Chinese state-owned high-tech enterprises. World Development, 39(7), 1240–1248.
   Web of Science ®Google Scholar
• March-Chorda, I., Gunasekaran, A., & Lloria-Aramburo, B. (2002). Product development process in Spanish SMEs: An empirical research. Technovation, 22(5), 301–312.
   Web of Science ®Google Scholar
• Martínez-Sánchez, A., Vicente-Oliva, S., & Pérez-Pérez, M. (2020). The relationship between R&D, the absorptive capacity of knowledge, human resource flexibility and innovation: Mediator effects on industrial firms. Journal of Business Research, 118, 431–440.
   PubMed Web of Science ®Google Scholar
• Mata, J., & Woerter, M. (2013). Risky innovation: The impact of internal and external R&D strategies upon the distribution of returns. Research Policy, 42(2), 495–501.
   Web of Science ®Google Scholar
• Medase, S. K., & Abdul-Basit, S. (2020). External knowledge modes and firm-level innovation performance: Empirical evidence from sub-Saharan Africa. Journal of Innovation & Knowledge, 5(2), 81–95.
   Web of Science ®Google Scholar
• Mehrotra, S., & Velamuri, S. R. (2021). Secondary business model innovation in emerging economies. Management and Organization Review, 17(2), 344–373.
   Web of Science ®Google Scholar
• Myovella, G., Karacuka, M., & Haucap, J. (2020). Digitalization and economic growth: A comparative analysis of Sub-Saharan Africa and OECD economies. Telecommunications Policy, 44(2), 101856.
   Web of Science ®Google Scholar
• Nair, A. K., & Bhattacharyya, S. S. (2019). Mandatory corporate social responsibility in India and its effect on corporate financial performance: Perspectives from institutional theory and resource‐based view. Business Strategy & Development, 2(2), 106–116.
   Google Scholar
• Ndemezo, E., & Kayitana, C. (2020). Innovation and Firms’ Performance in the Rwandese Manufacturing Industry: A Firm-Level Empirical Analysis. In: Das, G., Johnson, R. (eds), Rwandan Economy at the Crossroads of Development. Frontiers in African Business Research. Springer, Singapore.
   Google Scholar
• Odei, S. A., Odei, M. A., & Anderson, H. J. (2020). Consultants and firm-level innovation performances: A doubly robust estimation approach. Eastern Journal of European Studies, 11(2), 288–311.
   Web of Science ®Google Scholar
• Odei, S. A., & Stejskal, J. (2018). The influence of knowledge sources on firm-level innovation: The case of Slovak and Hungarian manufacturing firms. Central European Business Review, 7(2), 61–74.
   Google Scholar
• Odei, S. A., & Stejskal, J. (2020). Firms pursuit of innovations through internationalization: A treatment effect estimation. Technological and Economic Development of Economy, 26(4), 837–866.
   Web of Science ®Google Scholar
• Oduro, S. (2020). Exploring the barriers to SMEs’ open innovation adoption in Ghana: A mixed research approach. International Journal of Innovation Science, 12(1), 21–51.
   Web of Science ®Google Scholar
• Olurinola, I., Osabohien, R., Adeleye, B. N., Ogunrinola, I., Omosimua, J. I., & De Alwis, T. (2021). Digitalization and innovation in Nigerian Firms. Asian Economic and Financial Review, 11(3), 263–277.
   Google Scholar
• Osabutey, E. L., & Jin, Z. (2016). Factors influencing technology and knowledge transfer: Configurational recipes for Sub-Saharan Africa. Journal of Business Research, 69(11), 5390–5395.
   Web of Science ®Google Scholar
• Osabutey, E. L., Williams, K., & Debrah, Y. A. (2014). The potential for technology and knowledge transfers between foreign and local firms: A study of the construction industry in Ghana. Journal of World Business, 49(4), 560–571.
   Web of Science ®Google Scholar
• Osei, A., Yunfei, S., Appienti, W. A., & Forkuoh, S. K. (2016). The antecedents of process innovation and SMEs growth: Empirical evidence from shoe manufacturing sector in the Ashanti Region of Ghana. European Scientific Journal, 12(10), 1–11.
   Google Scholar
• Pazaitis, A., De Filippi, P., & Kostakis, V. (2017). Blockchain and value systems in the sharing economy: The illustrative case of backfeed. Technological Forecasting and Social Change, 125, 105–115.
   Web of Science ®Google Scholar
• Pellegrino, G., & Piva, M. (2020). Innovation, industry and firm age: Are there new knowledge production functions? Eurasian Business Review, 10(1), 65–95.
   Web of Science ®Google Scholar
• Pereira, V., & Bamel, U. (2021). Extending the resource and knowledge based view: A critical analysis into its theoretical evolution and future research directions. Journal of Business Research, 132, 557–570.
   Web of Science ®Google Scholar
• Petruzzelli, A. M., Ardito, L., & Savino, T. (2018). Maturity of knowledge inputs and innovation value: The moderating effect of firm age and size. Journal of Business Research, 86, 190–201.
   Web of Science ®Google Scholar
• Quaye, D., & Mensah, I. (2019). Marketing innovation and sustainable competitive advantage of manufacturing SMEs in Ghana. Management Decision, 57(7), 1535–1553.
   Web of Science ®Google Scholar
• Radicic, D., Pugh, G., & Douglas, D. (2020). Promoting cooperation in innovation ecosystems: Evidence from European traditional manufacturing SMEs. Small Business Economics, 54(1), 257–283.
   Web of Science ®Google Scholar
• Rogers, E. M. (2003). Diffusion of innovations (5th ed.). New York, NY: Free Press.
   Google Scholar
• Schmidt, T., & Rammer, C. (2007). Non-technological and technological innovation: Strange bedfellows? ZEW-Centre for European Economic Research Discussion Paper, p. 07–052.
   Google Scholar
• Senyo, P. K., Effah, J., & Osabutey, E. L. (2021). Digital platformisation as public sector transformation strategy: A case of Ghana’s paperless port. Technological Forecasting and Social Change, 162, 120387.
   Web of Science ®Google Scholar
• Shankar, N. (2020). Role of global economic policy uncertainty on firms participation in innovation and new product introductions: An empirical study in African SMEs. Transnational Corporations Review, 12(4), 360–378.
   Web of Science ®Google Scholar
• Shields, S. (2015). The European bank for reconstruction and development as organic intellectual of neoliberal common sense in post-communist transition. In S. Park, & J. R. Strand (eds.), Global Economic Governance and the Development Practices of the Multilateral Development Banks (pp. 167–186). Taylor & Francis.
   Google Scholar
• Storz, C., ten Brink, T., & Zou, N. (2021). Innovation in emerging economies: How do university-industry linkages and public procurement matter for small businesses? Asia Pacific Journal of Management, 1–42. doi:10.1007/s10490-021-09763-z.
   Web of Science ®Google Scholar
• Tian, Y., Wang, Y., Xie, X., Jiao, J., & Jiao, H. (2019). The impact of business-government relations on firms’ innovation: Evidence from Chinese manufacturing industry. Technological Forecasting and Social Change, 143, 1–8.
   Web of Science ®Google Scholar
• Udimal, T. B., Jincai, Z., Musah, A. A. I., & Hua, C. (2019). Determinants of new products innovation in Ghanaian SMEs sector. Journal of Global Entrepreneurship Research, 9(1), 1–11.
   Web of Science ®Google Scholar
• Woldai, T. (2020). The status of Earth Observation (EO) & geo-information sciences in Africa–trends and challenges. Geo-spatial Information Science, 23(1), 107–123.
   Web of Science ®Google Scholar
• You, K., Dal Bianco, S., Lin, Z., & Amankwah-Amoah, J. (2019). Bridging technology divide to improve business environment: Insights from African nations. Journal of Business Research, 97, 268–280.
   Web of Science ®Google Scholar