Year of Graduation
Multilevel Approach to Exploring Intangibles and Firm Performance Linkage with Account of Industry Heterogeneity
We analyze the impact of innovations on performance taking into account industry-level effects. The author employs the database obtained from the International laboratory of intangible-driven economy which contains observations for 1694 European companies for the period 2004-2014. We confirm results of previous papers by the demonstration of the positive innovations impact on companies’ performance. Furthermore, using hierarchical linear modelling for catching nested structure of data we reveal the significant impact of industry on business performance and on the relation “innovations-performance”. We also show that average level of industry innovativeness improves not only industry output but also the performance of a single company.