Innovation orientation and long-term performance: The mediating role of market perception capability

Autor: Dolores Garzón, Antonia Mohedano-Suanes, María-Ángeles Revilla-Camacho
Rok vydání: 2021
Předmět:
Zdroj: International Entrepreneurship and Management Journal. 17:741-757
ISSN: 1555-1938
1554-7191
DOI: 10.1007/s11365-020-00736-0
Popis: This paper examines the relationship between the orientation towards innovation of SMEs and long-term performance, considering market perception capability as a mediating variable. This research topic is important because it can provide a better understanding of the relationship between innovation orientation and performance, since most of the previous papers that have analyzed this relationship have done so from a short-term perspective. But the effect of innovation orientation on performance may not be immediate and short-term, but long-term, and may be influenced by the company’s ability to develop marketing capabilities. A sample of 77 independent hotels is taken for empirical contrast and a system of structural equations is modelled using the Partial Least Squares (PLS) technique. The results show that the company’s capacity to understand the market in which it operates functions as a mechanism that intervenes in the relationship between innovation orientation and long-term result, with a mediating effect that explains the positive effect of innovation orientation on the long-term results.
Databáze: OpenAIRE