The impact of financial management on innovation - Archive ouverte HAL Access content directly
Journal Articles Entrepreneurship and Sustainability Issues Year : 2017

The impact of financial management on innovation


In the current competitive market, innovation has become a crucial element for organizations, willing to grow. Financial management in this regard is playing a significant role in improving firms' innovation capacity. This research paper evaluates the impact of financial management components on innovativeness of Austrian SMEs. Using data of 118 employees from 41 SMEs operating in Austria, the research finds a significant impact of the financial management model on firms' innovation. The three components: liquidity, controlling, and financial literacy are statistically significant is explaining innovativeness at 1% level. The study suggests focus on the three financial management constructs in order to improve their innovation capability and capacity.
Fichier principal
Vignette du fichier
Illmeyer_The_impact_of_financial_management_on_innovation.pdf (560.11 Ko) Télécharger le fichier
Origin Explicit agreement for this submission

Dates and versions

hal-01724084 , version 1 (08-03-2018)



Marcus Illmeyer, Dietmar Grosch, Maria Kittler, Pamela Priess. The impact of financial management on innovation. Entrepreneurship and Sustainability Issues, 2017, 5 (1), pp.58 - 71. ⟨10.9770/jesi.2017.5.1(5)⟩. ⟨hal-01724084⟩
1087 View
5528 Download



Gmail Mastodon Facebook X LinkedIn More