The performance effect of innovation in shipping companies |
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Authors: | Jan Inge Jenssen Trond Rand⊘y |
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Institution: | 1. Agder University College and Agder Research , Centre for International Economics and Shipping, serviceboks 422, 4604 Kristiansand, Norway jan.i.jenssen@hia.no;3. Agder University College and Agder Research , Centre for International Economics and Shipping, serviceboks 422, 4604 Kristiansand, Norway |
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Abstract: | The aim of this study is to investigate how innovation contributes to company performance in Norwegian shipping and to extend our knowledge concerning what organizational and inter-organizational factors influence innovation in shipping firms. The study is based on a survey of 46 Norwegian shipping companies. We find that innovation contributes to firm performance. We also find that a conscious strategy, strategy involvement, external relationships, especially market relationships, and productivity slack have a significant positive effect on the degree of innovation. The results are dependent upon the companies’ degree of differentiation and the type of innovation. |
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