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Title: What's driving innovation in small businesses in Australia? The case of the food industry
Contributor(s): Soriano, Franklin A (author); Villano, Renato A  (author)orcid ; Fleming, Euan M  (author); Battese, George E  (author)
Publication Date: 2019-01
Early Online Version: 2018-10-10
DOI: 10.1111/1467-8489.12284
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Abstract: There is strong evidence that innovation is a primary driver of a nation's economic growth. As Australia continues to compete in the global economy, it is imperative that businesses should be innovative to improve their performance. In this paper, we evaluate the status and main drivers of innovation in small businesses in the food sector in Australia. Discrete choice modelling and bootstrapping procedures are applied to a panel of firm‐level data collected through the ABS Business Characteristics Survey (2006–2007 to 2010–2011 for the Australian Bureau of Statistics’ Business Longitudinal Database Confidential Unit Record File) to investigate the factors affecting the likelihood of small food businesses to innovate. Results show that businesses are more likely to innovate if they collaborate, have higher information and communication technology intensity, and use science, technology, engineering and mathematics skills. We also found that small food businesses, even at the sub-sector level, do combine different types of innovation when innovating. The propensity to innovate also increases for small businesses that have flexible working arrangements, face moderate‐to‐strong market competition, operate overseas and seek finance through debt and equity. The relative importance of these factors was found to vary between agricultural and non-agricultural food sub-sectors.
Publication Type: Journal Article
Source of Publication: Australian Journal of Agricultural and Resource Economics, 63(1), p. 39-71
Publisher: Wiley-Blackwell Publishing Asia
Place of Publication: Australia
ISSN: 1364-985X
Field of Research (FOR): 140201 Agricultural Economics
Socio-Economic Outcome Codes: 910404 Productivity (excl. Public Sector)
910210 Production
Peer Reviewed: Yes
HERDC Category Description: C1 Refereed Article in a Scholarly Journal
Appears in Collections:Journal Article
UNE Business School

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