Importance of Technological Innovation for SME Growth - Evidence from India
Bala Subrahmanya, Mungila Hillemane, Mathirajan, M. and Krishnaswamy, K. N. (2010). Importance of Technological Innovation for SME Growth - Evidence from India. UNU-MERIT.
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Sub-type Working paper Author Bala Subrahmanya, Mungila Hillemane
Mathirajan, M.
Krishnaswamy, K. N.Title Importance of Technological Innovation for SME Growth - Evidence from India Publication Date 2010 Place of Publication n/a Publisher UNU-MERIT Pages n/a Abstract This paper probes the drivers, dimensions, achievements, and outcomes of technological innovations carried out by SMEs in the auto components, electronics, and machine tool sectors of Bangalore in India. Further, it ascertains the growth rates of innovative SMEs vis-à-vis noninnovative SMEs in terms of sales turnover, employment, and investment. Thereafter, it probes the relationship between innovation and growth of SMEs by (i) estimating a correlation between innovation sales and sales growth, (ii) calculating innovation sales for high, medium, and low growth innovative SMEs and doing a one-way ANOVA, and (iii) ascertaining the influence of innovation sales, along with investment growth and employment growth on gross value-added growth by means of multiple regression analysis. The paper brings out substantial evidence to argue that innovations of SMEs contributed to their growth. Keyword Technological innovation
Sales growth
Auto components
Electronics
Machine tools
BangaloreJEL L25
L26Copyright Holder UNU-MERIT Copyright Year 2010 Copyright type All rights reserved ISSN 18719872 -
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