The impact of innovation on companies’ performance: an entropy-based analysis of the STAR market segment of the Italian Stock Exchange
Journal article
Bartolacci, F., Castellano, N.G. and Cerqueti, R. (2015). The impact of innovation on companies’ performance: an entropy-based analysis of the STAR market segment of the Italian Stock Exchange. Technology Analysis & Strategic Management. 27 (1), pp. 102-123. https://doi.org/10.1080/09537325.2014.952624
| Authors | Bartolacci, F., Castellano, N.G. and Cerqueti, R. |
|---|---|
| Abstract | This paper proposes the use of a class of concentration-based entropy measures as a new instrument to quantify business performances through an analysis of growth, profitability and productivity. Such measures are tested against a complex analysis of the link between innovation and performance for firms listed in the STAR market segment of the Italian Stock Exchange. In so doing, two targets are achieved: (1) the identification of parameters that are relevant for explaining the relationship between innovation and performance for the considered sample, with special focus on innovation type, innovation level and business size; (2) the elaboration of a new methodology – based on information theory – for the analysis of the impact of innovation on performance. The study shows that type of innovation and size play a key role in determining company performance. This is an Accepted Manuscript of an article published by Taylor & Francis Group in Technology Analysis & Strategic Management on 04/09/2014, available online: http://www.tandfonline.com/10.1080/09537325.2014.952624 |
| Year | 2015 |
| Journal | Technology Analysis & Strategic Management |
| Journal citation | 27 (1), pp. 102-123 |
| Publisher | Informa UK Limited |
| ISSN | 0953-7325 |
| Digital Object Identifier (DOI) | https://doi.org/10.1080/09537325.2014.952624 |
| Publication dates | |
| 02 Jan 2015 | |
| Online | 04 Sep 2014 |
| Publication process dates | |
| Deposited | 06 Mar 2020 |
| Accepted author manuscript | License File Access Level Open |
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