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Title: Exploring how innovation strategies at time of crisis influence performance: a cluster analysis perspective
Authors: Ausloos, Marcel
Bartolacci, Francesca
Castellano, Nicola G.
Cerqueti, Roy
First Published: 7-Jun-2017
Publisher: Taylor & Francis (Routledge)
Citation: Technology Analysis and Strategic Management, 2018, 30 (4), pp. 484-497
Abstract: This paper analyzes the connection between innovation activities of companies – implemented before crisis – and their performance – measured at time of crisis. The companies listed in the STAR Market Segment of the Italian Stock Exchange are analyzed. Innovation is measured through the level of investments in total tangible and intangible fixed assets in 2006–2007, while performance is captured through growth – expressed by variations of sales, total assets and employees – profitability – through ROI or ROS – and productivity – through asset turnover or sales per employee in the period 2008–2010. The variables of interest are analyzed and compared through statistical techniques and by adopting cluster analysis. In particular, a Voronoi tessellation is also implemented in a varying centroids framework. In accord with a large part of the literature, we find that the behaviour of the performance of the companies is not univocal when they innovate.
DOI Link: 10.1080/09537325.2017.1337889
ISSN: 0953-7325
eISSN: 1465-3990
Version: Post-print
Status: Peer-reviewed
Type: Journal Article
Rights: Copyright © 2017, Taylor & Francis. Deposited with reference to the publisher’s open access archiving policy. (
Description: The file associated with this record is under embargo until 18 months after publication, in accordance with the publisher's self-archiving policy. The full text may be available through the publisher links provided above.
Appears in Collections:Published Articles, Dept. of Economics

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