The efficiency of innovative techniques in improving new and traditional standards of corporates’ performance
محورهای موضوعی : Financial AccountingKianoosh Mansourkhani 1 , Majid Zanjirdar 2 , Majid Davoudi Nasr 3 , Mohammad Izadikhah 4
1 - Department of Finance, Arak Branch, Islamic Azad University , Arak, Iran
2 - Department of Finance, Arak Branch, Islamic Azad University , Arak, Iran
3 - Department of Accounting, Arak Branch, Islamic Azad University , Arak, Iran
4 - Department of Mathematics, Arak Branch, Islamic Azad University, Arak, Iran
کلید واژه: ICT field, Innovation efficiency, New and traditional performance criteria,
چکیده مقاله :
Innovation is one of the basic tools of growth strategies to enter new markets, increase market share and create a competitive advantage. The purpose of this study is to evaluate the efficiency of innovative techniques in improving new and traditional criteria of ICT field companies’ performance during the years 2013 to 2017. Based on this goal, the research was conducted qualitatively and quantitatively. Based on Cochran sampling, 8 companies were selected as a statistical sample. In the first phase, to identify and determine the centers of decision-making units, inputs and outputs of the departments through Delphi method, distribution of questionnaires and aggregation of opinions of individuals and in in the second phase, the classification of model inputs and outputs and weighting of parameters by Delphi method and network analysis process method, and in the third phase of the research, the efficiency of innovative techniques in improving new and traditional performance criteria of ICT fieldcompanies is investigated. According to the results of the present study and in general among 8 sample companies, the first rank of efficiency is awarded to Iran Arqam Company and the 8th rank is awarded to Iran Telecommunication.
Innovation is one of the basic tools of growth strategies to enter new markets, increase market share and create a competitive advantage. The purpose of this study is to evaluate the efficiency of innovative techniques in improving new and traditional criteria of ICT field companies’ performance during the years 2013 to 2017. Based on this goal, the research was conducted qualitatively and quantitatively. Based on Cochran sampling, 8 companies were selected as a statistical sample. In the first phase, to identify and determine the centers of decision-making units, inputs and outputs of the departments through Delphi method, distribution of questionnaires and aggregation of opinions of individuals and in in the second phase, the classification of model inputs and outputs and weighting of parameters by Delphi method and network analysis process method, and in the third phase of the research, the efficiency of innovative techniques in improving new and traditional performance criteria of ICT fieldcompanies is investigated. According to the results of the present study and in general among 8 sample companies, the first rank of efficiency is awarded to Iran Arqam Company and the 8th rank is awarded to Iran Telecommunication.
[1] Ahmadi, Z., ShafieeNikabadi, M., Wakil Al-Roaya, Y., the effect of open innovation on the innovative performance of the company emphasizing the moderating role of market turmoil (Case study: small and medium manufacturing companies in Semnan), Industrial Technology Development Quarterly, 16 (Thirty-two), 2018;73-92.JR_JTDAN-16-32_006.
[2] Baghlaniani, Y., Salehi, A.K., Mahmoudi Rad, A., Content paradigmatic analysis of financial performance failures: case study of Abadan Oil Refining Company (qualitative and quantitative approach), Investment knowledge, 2020; 2165017.
[3] Pakdel, A., Kamali, M., Sufi, S., Evaluating the Impact of Market Orientation, Innovation and Customer Loyalty on Business Performance, Iranian Journal of Sociology, 2015; 28 (59): 1682_6bd26d63b31585a90954b387bbc19441.
[4] HabibiNodeh, Z., Mehrani, H., Investigating the Impact of Market Orientation on Innovation and Financial Performance of Iran Insurance Agencies in Eastern Golestan Province, The First National Conference on Research and Development in the Third Millennium, Aliabad Katoul, Islamic Azad University, Aliabad Katoul Branch. (2014).RDTM01_135.
[5] Rahawi, M., Evaluating the Impact of Customer Orientation, Innovation on Bank Financial Performance (Case Study: Bank Saderat, Tehran Branches), Fifth National Conference on Applied Research in Management and Accounting, Tehran: Iran Management Association, 2018. AMSCONF05_738.
[6] Roodpashti, F., Ahmadvand, M., Sadevand, M. J., Motion and Capacity Gap Test of Economic Value Added and Traditional Performance Evaluation Criteria in Predicting Stock Returns, Financial Research, 2016; 18(2): 307-330. doi:10.22059/JFR.2016.61595.
[7] Zabul, M. A., Abu Nuri, I., Performance Evaluation of the realized GARCH model for estimating the conditional variance of the Tehran Stock Exchange index, Investment Knowledge, 2020; 9(33):129-145. doi: 10.22108/AMF.2018.105837.1156.
[8] Shah Alizadeh, B., Zanjirdar, M., Javanmard, H., Investigating the efficiency of its adjusted DuPont ratio to predict the profitability of companies in each stage of the company life cycle, the second national conference on modern management, Shiraz. 2013; FNCAM01_060
[9] Taleghani, M.,The Relationship between Knowledge Management and Organizational Innovation, Strategic Management from Theory to Practice, Published by Delsa, 2017; 9-13. doi:10.22054/jks.2016.724 2
[10] Taheri Nia, M., Suri, F., Investigating the Relationship between Company Innovation in Marketing and Company Financial Performance in Manufacturing Companies of Tehran Stock Exchange, Second National Conference on Accounting, Financial Management and Investment, Gorgan: Golestan Scientific and Professional Association of Managers and Accountants, 2013.CAFM02_288
[11] Firoozi, J., Aghiqi, A.,Synergistic Effects of Innovation on Corporate Performance, 2nd International Conference on New Research in Management, Economics, Accounting and Banking, Georgia - Tbilisi, Georgian International Academy of Sciences, 2019; 7676-6310.
[12] Ghasemi, M., Beigi Rad, E., Margir, A., Sheikhiani, M., Investigating the role of strategic innovation and open innovation on the performance of companies operating in Bushehr Special Economic Zone. Public Management Research, 2017; 10(38): 225-249. doi:10.22111/JMR.2018.3723
[13] Kargar, H., Ghadami, M., Designing an Indigenous Model of Innovation Economy Based on the Main Dimensions of Strategy in Iranian Government Organizations (Case Study: the Iranian Property and Deeds Registration Organization). Investment Knowledge, 2019; 8(29): 333-354. doi:13910_0f4aaaa204dd0d1d92cb5f38b4f02
[14] Mafi, M., Horri, M.S., Investigating the Impact of Product Innovation Strategy and Process Innovation Strategy on Business Performance with Mediating Role of Environmental Dynamics and Competitiveness (Case Study: Sahar Dairy Company), Second Conference on Management Tact, Accounting and Economics in Sustainable Development, Mashhad: BehAndishAvaranTadbirGhohestan Company. 2019; MAES02_002
[15] Nataj, N. J., The Impact of Innovation on the Performance of Pharmaceutical Companies Listed on the Tehran Stock Exchange, 11th International Conference on Accounting and Management, and 7th Conference on Entrepreneurship and Open Innovations, Tehran: MehrIshraqHamayeshgaran Company,2018; MOCONF11_148
[16] Namazi, M., Moghimi, F., The effect of innovation and the moderating role of social responsibility on the financial performance of companies in various industries, Accounting and Auditing Reviews, 2018, 25(2): 289-310. doi:10.22059/ ACCTGREV .2018.255023.1007870
[17] Bulgurcu, B, Application of TOPSIS technique for financial performance evaluation of technology firms in Istanbul stock exchange market, Procedia- Social and Behavioral Sciences, 2012;62(1):1033-1040. doi:10.1016/j.sbspro.2012.09.176
[18] Burns, T., Stalker, G. M., The Management of Innovation, London Travistock,1961; doi:10.2307/2230196
[19] Chen Jie., Woon SauLeungKevin P. Evans, Female board representation, corporate innovation and firm performance, Journal of Empirical Finance, 2018;48(4): 236-254. doi:10.1016/j.jempfin.2018.07.003
[20] Damanpour, F., Evan, W. M., Organizational innovation and performance: The problem of organizational lag, Administrative Science Quarterly. 1984; 29(3):92–409. doi:10.2307/2393031
[21] Damanpour, F., Szabat, K.A., Evan, W.M, The relationship between types of innovation and organizational performance, Journal of Management Studies,1989; 26(6): 587–601. doi:10.1111/j.1467-6486.1989.tb0 0746.x
[22] Dekoulou, P., Trivellas, P., Organizational structure, innovation performance and customer relationship value in the Greek advertising and media industry, Journal of Business & Industrial Marketing, 2017;32(3): 385-397. doi:10.1108/JBIM-07-2015-0135/full/html
[23] Eris, M. W., Ozmen, R., Alternative ways of assessing model fit. In K. A. Bollen, & J. S. Long (Eds.), Testing structural equation models, 2012; 7¬(154):136–162. doi:10.1177/0049124192021002005
[24] Ferdinand, j., Slater, S.F., Narver, J.C., Market-oriented is more than being customer-led, Strategic Management Journal, 2018; 20(12): 1165–1168. doi:10.1002/(SICI)1097-0266
[25] Germain, R., The role of context and structure in radical and incremental logistics innovation adoption. Journal of Business Research, 1996; 35(2):117–127. doi:10.1016/0148-2963(95)00053-4.
[26] Gunday,¬G., Ulusoy, G., Kilic, K., Alpkan, L., Effects of innovation types on firm performance International, Journal of production economics, 2011; 133(2): 662-676. doi:10.1016/j.ijpe.2011. 05.014
[27] Hernandaz,¬K., Delgado,¬V., Innovating: Towards an integrated learning model, Management Decision, 2010; 34(4): 5–13. doi:10.1108/00251749610115107
[28] Jensen, M., Meckling, W., Theory of the firm: Managerial behavior, agency costs, and capital structure, Journal of Financial Economics, 1976; 3(4): 305–360. doi:10.1016/0304-405X(76)90026-X.
[29] Johne, ¬A., Davies, R., Innovation in medium- sized insurance companies: how marketing adds value, International Journal of Bank Marketing, 2000; 18(1): 6–14. doi:10.1108/02652320010315316
[30] Li, Y., Liu, Y., Ren, F., Product innovation and process innovation in SOEs: evidence from the Chinese transition, Journal of Technology Transfer, 2007; 32(6): 63–85. doi:10.1007/s10961-006-9009-8.
[31] Lin, C.Y., Chen, M.Y., Does innovation lead to performance? An empirical study of SMEs in Taiwan, Management Research News, 2007; 30(2): 115–132. doi:10.1108/ 014091707 10722955
[32] Miller, W. L., Innovation for business growth, Research Technology Management, 2001; 44(5): 26–41. doi:10.1080/08956308.2001.11671451
[33] Namazi, M., Theoretical developments of principal-agent employment contract in accounting: The state of the art, Journal of Accounting Literature, 1985, 113-163. doi:279886234_
[34] Navarro, J.G.C., Reverte, C., Melero, E. G., Wensley, A. K. P., Linking social and economic responsibilities with financial performance: The role of innovation, European Management Journal, 2016; 34(5): 530-539. doi:10.1016/j.emj.2016.02.006
[35] Peter, ¬T., Configurations of strategic R&D decisions and financial performance in small-sized and medium-sized firms, Journal of Business Research, 2017; 74(5): 55–65. doi:10.1016/j. jbusres. 2017.01.008
[36] Ramanathan, R., Ramanathan, U., Bentley, Y, The debate on ßexibility of environmental regulations, innovation capabilities and Þnancial performance -A novel use of DEA, Omega, 2017; 75(5):131-138. doi:10.1016/j.omega.2017.02.006
[37] Seleshi, S., Birnberg, G. J, Extent and scope of diffusion and adoption of process innovations in management accounting systems International, Journal of Accounting and Information Management, 2010; 18 (2), 118-139. doi:10.1108/18347641011048110/full/html.
[38] Staropoli, ¬C., Cooperation in R & Dinthepharmaceutical industry—the network as an organization a lnnovation governing technological innovation. Technovation, 1998; 18(1): 13–23. doi:10.1017/j.omega.2117.03.016
[39] Suliyanto, ¬J.A., The impact of suppliers’ perceptions of reseller market orientation on key relationship constructs, Journal of the Academy of Marketing Science, 2012; 27(1): 50–57. doi:10.1177/009207039927100 4
[41] Thornhill,¬ S., Knowledge, innovation & firm performance in high- and low-technology regimes, Journal of Business Venturing, 2006; 21(5): 687– 703. doi:10.1016/j.jbusvent.2005.06.001
[42] Walker, R.M., Innovation and Organizational Performance: Evidence and a Research Agenda, Advanced Institute of Management Research Working Paper, 2004; 4(12). doi:10.5465/ambpp.2005.18783338
[43] Wenwen, A.,¬Yuehua, X., Jianqi, Z., Resource constraints, innovation capability and corporate financial fraud in entre, 2018; doi:10.1108/CMS-02-2017-0024
[44] Zanjirdar, M. , Sefi ,m. , Review of relationship between dividend policy and performance: Evidence of Iran’s capital market, African Journal of Business Management, 2012; 6 (40):10507-10513. DOI: 10.5897/AJBM11.2860
[45] Nekounam, J., Nasr MD., Zanjirdar, M. , Study of relationship between ownership structure liquidity of stocks of companies accepted in Tehran Stock Exchange, Indian Journal of Science and Technology , 2012; 5 (6): 2840-2845
[46]Zanjirdar,M., Madahi, M., Khaleghi Kasbi, K. , Comparative analysis of sticky SGA costs and cost of goods sold: Evidence from Tehran Stock Exchange, Management Science Letters,2014;4(3): 521-526