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dc.contributor.authorHansen, Eric
dc.contributor.authorNybakk, Erlend
dc.date.accessioned2022-05-13T08:16:34Z
dc.date.available2022-05-13T08:16:34Z
dc.date.created2019-01-30T15:02:59Z
dc.date.issued2018
dc.identifier.citationJournal of Innovation and Entrepreneurship. 2018, 7:7 1-12.en_US
dc.identifier.issn2192-5372
dc.identifier.urihttps://hdl.handle.net/11250/2995550
dc.description.abstractFirm response to decline has seen renewed interest based on the impacts of the global financial crisis. Here, we investigate the long-lasting effects of decline on the innovativeness of firms and, ultimately, the performance outcomes of those actions. The study focuses on SMEs in the US forest products manufacturing sector. We analyze the situation within 89 firms with respect to innovativeness in the years 2008, 2012, and 2015. Theory suggests that firms increasing innovativeness in response to the crisis would subsequently decrease innovativeness as US markets improved. With respect to product innovativeness, we find convincing evidence that firms increasing innovativeness subsequently decreased innovativeness. With respect to process and business systems innovativeness, the evidence is weaker, but indicative of a decrease in innovativeness between 2012 and 2015. Expected reduction in innovation efforts and increased focus on producing commodity products is not evident from our responding firms. Based on these findings, it is recommended that firms carefully consider their innovation investments/activities across the business cycle as a more consistent approach may be more productive.en_US
dc.language.isoengen_US
dc.publisherSpringeren_US
dc.rightsNavngivelse 4.0 Internasjonal*
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/deed.no*
dc.subjectOrganizational declineen_US
dc.subjectInnovativenessen_US
dc.subjectFirm performanceen_US
dc.titleResponse to the global financial crisis: a follow-up studyen_US
dc.title.alternativeResponse to the global financial crisis: a follow-up studyen_US
dc.typePeer revieweden_US
dc.typeJournal articleen_US
dc.description.versionpublishedVersionen_US
dc.rights.holderThe authorsen_US
dc.source.pagenumber1-12en_US
dc.source.volume7:7en_US
dc.source.journalJournal of Innovation and Entrepreneurshipen_US
dc.source.issue7
dc.identifier.doi10.1186/s13731-018-0087-2
dc.identifier.cristin1669088
cristin.ispublishedtrue
cristin.fulltextoriginal
cristin.qualitycode1


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