Journal of Scientific Papers

ECONOMICS & SOCIOLOGY


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ISSN 2071-789X

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Barriers to product innovation: An empirical study in Portuguese services SME

Vol. 16, No 4, 2023

Mariana Martinez Campos

 

University of Beira Interior,

Covilhã, Portugal

E-mail: marianamartinezcampos@gmail.com

ORCID 0000-0001-6752-2207 

 

Barriers to product innovation: An empirical study in Portuguese services SME

 

Maria José Aguilar Madeira

 

NECE and University of Beira Interior, Covilhã, Portugal

E-mail: mariajoseaguilarmadeira@gmail.com

ORCID 0000-0003-1722-6148


Luísa Cagica Carvalho

 

Instituto Politécnico de Setúbal and CEFAGE, Universidade de Évora, Portugal

E-mail: luisa.cagica.carvalho@gmail.com

ORCID 0000-0002-9804-7813


 

Abstract. This study aims to explore the relations between financial, knowledge and market barriers to innovation and the innovation propensity of the Portuguese SMEs services sector, specifically at the product level. Utilizing data from the Community Innovation Survey (CIS) covering the years 2018-2020, the analysis focuses on a sample of 9238 companies within the service sector, each employing between 10 and 249 individuals. The research employs a logistic regression model to assess these relationships. The findings highlight that some obstacles, such as insufficient credit or private investment and restricted access to external knowledge, are perceived as hindrances to product innovation. Interestingly, some barriers to innovation, such as the lack of skilled personnel and elevated costs, can paradoxically serve as catalysts for innovation.

 

Received: February, 2023

1st Revision: October, 2023

Accepted: December, 2023

 

DOI: 10.14254/2071-789X.2023/16-4/11

JEL ClassificationO30, O32, O39, G20

Keywords: barriers to innovation, product innovation, CIS, SME, services sector