The Performance Effect of Innovation in Shipping Companies

Jan Inge Jenssen*, Trond Randøy

*Corresponding author for this work

Research output: Contribution to journalJournal articleResearchpeer-review

Abstract

The aim of this study is to investigate how innovation contributes to company performance in Norwegian shipping and to extend our knowledge concerning what organizational and inter-organizational factors influence innovation in shipping firms. The study is based on a survey of 46 Norwegian shipping companies. We find that innovation contributes to firm performance. We also find that a conscious strategy, strategy involvement, external relationships, especially market relationships, and productivity slack have a significant positive effect on the degree of innovation. The results are dependent upon the companies' degree of differentiation and the type of innovation.

Original languageEnglish
JournalMaritime Policy and Management
Volume33
Issue number4
Pages (from-to)327-343
Number of pages17
ISSN0308-8839
DOIs
Publication statusPublished - Sept 2006
Externally publishedYes

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