When Being Large Is Not an Advantage: How Innovation Impacts the Sustainability of Firm Performance in Natural Resource Industries

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dc.article.number16149
dc.catalogadoryvc
dc.contributor.authorSevil, Angel
dc.contributor.authorCruz Novoa, Alfonso
dc.contributor.authorReyes Torres, Tomás Hernán
dc.contributor.authorVassolo, Roberto Santiago
dc.date.accessioned2023-09-26T16:54:34Z
dc.date.available2023-09-26T16:54:34Z
dc.date.issued2022
dc.description.abstractThis paper provides an in-depth study of how incremental innovation, a ubiquitous factor, affects the sustainability of performance of small- and large-sized firms differently. Specifically, this work examines the sustainability of firm growth in natural resource industries. In these industries, innovation is mainly based on processes in the form of incremental changes, and the adoption of innovations has significant sunk costs. We argue that, before incremental process innovation, firm performance is directly proportional to firm size. However, in the presence of incremental innovation events, firm performance is inversely proportional to firm size since smaller firms pose higher strategic flexibility and can adopt innovations faster. Our empirical findings highlight the relevance of incremental innovation as an inflection point of firm performance, creating a competitive opportunity window for small firms and a sustainability threat for large firms.
dc.fechaingreso.objetodigital2023-10-02
dc.fuente.origenWOS
dc.fuente.origenSCOPUS
dc.fuente.origenORCID
dc.identifier.doi10.3390/su142316149
dc.identifier.eissn2071-1050
dc.identifier.scopusidSCOPUS_ID:85143752455
dc.identifier.urihttps://doi.org/10.3390/su142316149
dc.identifier.urihttps://www.mdpi.com/2071-1050/14/23/16149
dc.identifier.urihttps://repositorio.uc.cl/handle/11534/74694
dc.identifier.wosidWOS:000897295500001
dc.information.autorucEscuela de Ingeniería;Cruz Novoa, Alfonso; S/I;58057
dc.information.autorucEscuela de Ingeniería;Vassolo, Roberto Santiago;0000-0002-0870-397X;1015531
dc.information.autorucEscuela de Ingeniería;Reyes Torres, Tomás Hernán;S/I;131463
dc.issue.numero23
dc.language.isoen
dc.nota.accesoContenido completo
dc.publisherMDPI
dc.revistaSUSTAINABILITY
dc.rightsacceso abierto
dc.rights.licenseAttribution 4.0 International (CC BY 4.0)
dc.subjectFirm performance
dc.subjectGibrat's law
dc.subjectGrowth
dc.subjectIncremental innovation
dc.subjectNatural resource industries
dc.subjectSize
dc.subjectSustainability
dc.subject.ods09 Industry, Innovation and Infrastructure
dc.subject.ods08 Decent Work and Economic Growth
dc.subject.odspa09 Industria, innovación e infraestructura
dc.subject.odspa08 Trabajo decente y crecimiento económico
dc.titleWhen Being Large Is Not an Advantage: How Innovation Impacts the Sustainability of Firm Performance in Natural Resource Industries
dc.typeartículo
dc.volumen14
sipa.codpersvinculados58057
sipa.codpersvinculados1015531
sipa.codpersvinculados131463
sipa.indexWOS
sipa.trazabilidadWOS;2023-01-17
sipa.trazabilidadSCOPUS;2023-03-02
sipa.trazabilidadORCID;2023-09-26
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