The Impact of innovation activities on firm performance using a multi-stage model: evidence from the Community Innovation Survey 4

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Innovation and business performance for Spanish SMEs: New evidence from a multi-dimensional approach (2018, background): “…may be due to the fact that innovation requires the combination of specific resources such as financial, technological and human capital, and specific organisational capabilities, which might constitute a significant constraint (Hashi and Stojcic, 2012; O’Cass and Sok, 2013; Sok et al., 2016).”
The impact of knowledge spillovers and innovation on firm-performance: findings from the Balkans countries (2017, methodology): “They help every firm in the economy but particularly micro, small and entrants, which do not have the needed resources to innovate (Hashi and Stojcic 2012), whereas in mature firms, external knowledge spillovers may be less important (Acs et al. 1994).”
CSR, Innovation, and Firm Performance in Sluggish Growth Contexts: A Firm-Level Empirical Analysis (2015, methodology): “In line with Crépon et al. (1998) and Hashi and Stojcic (2013), we introduce the instrumental variables.”