• English
    • norsk
  • English 
    • English
    • norsk
  • Login
View Item 
  •   Home
  • Norges Handelshøyskole
  • Department of Strategy and Management
  • S T O P - Master theses
  • View Item
  •   Home
  • Norges Handelshøyskole
  • Department of Strategy and Management
  • S T O P - Master theses
  • View Item
JavaScript is disabled for your browser. Some features of this site may not work without it.

Innovation in recessions : effects on firm performance

Ratvik, Helge Jystad; Svergja, Kristian
Master thesis
Thumbnail
View/Open
masterthesis.pdf (2.094Mb)
Permanent link
http://hdl.handle.net/11250/2404191
Issue date
2016-09-05
Metadata
Show full item record
Collections
  • S T O P - Master theses [12]
Abstract
This thesis investigates how a firm’s innovation activities affect performance outcomes during

recessions. The thesis uses a heteroskedasticity-robust multiple regression model to analyse a

large sample of Norwegian firms with innovation data from 2006-2010 and performance data

from 2008-2012. Innovation activities both prior to and during the recession and its

performance effects were investigated, and provided very surprising results. Contrary to the

positive innovation-performance link suggested by existing literature, the results show that

innovators consistently underperform non-innovators on profitability measures. The more a

firm innovates prior to or during the recession, the greater the underperformance compared to

non-innovators. Type of innovation was also found to affect firm performance, though largely

exhibiting the same negative performance link. This thesis also includes an attempt to explain

this negative innovation-performance link using existing innovation and business cycle theory.

In conclusion, this thesis provides an important limitation to the seeming societal and

academic perception that innovation is always positive, and provides fertile ground for future

research in the fields of strategy, business cycles, and innovation.

Contact Us

Privacy policy
Powered by DSpace software

Service from Unit
 

 

Browse this CollectionIssue DateAuthorsTitlesSubjectsDocument TypesJournalsBrowse ArchiveCommunities & CollectionsIssue DateAuthorsTitlesSubjectsDocument TypesJournals

My Account

Login

Statistics

View Usage Statistics

Contact Us

Privacy policy
Powered by DSpace software

Service from Unit