THE INFLUENCE OF INTERCOMPANY RELATIONS ON THE INNOVATION PERFORMANCE: АN EMPIRICAL STUDY OF RUSSIAN INDUSTRIAL COMPANIES

Abstract

The interaction of companies in the innovation process is the basis for successful innovative development, as it allows industrial companies to reduce the time to market new products, cut production costs, increase operating profit. At the same time, an optimal choice of key partners is necessary to succeed in achieving the overall goals of innovative development. Currently, there are no studies that would answer the questions: is the interaction of companies implementing different models of innovative behavior effective? Will innovative companies earn a positive return from interaction with imitation companies? What models of interaction can be optimal between innovative companies and imitation companies?The purpose of this study is to determine how the structure of the partnership, membership and characteristics influence the innovative performance of industrial companies. The study was conducted on a sample of 270 large Russian industrial companies. An econometric model based on the Cobb - Douglas production function was used for the analysis.

Keywords

• innovation
• innovation partnership
• innovation networks
• industry
• innovation performance