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
    Bangalore
    JEL L25
    L26
    Copyright Holder UNU-MERIT
    Copyright Year 2010
    Copyright type All rights reserved
    ISSN 18719872
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    Created: Wed, 11 Dec 2013, 16:36:52 JST