Skip to main content

Regional development, innovation systems and service companies' performance

Afrifa, Godfred Adjapong, Amankwah-Amoah, J., Yamoah, Fred A., Acquaye, Adolf, Syllias, Johnny, Quaye, Enoch Nii Boi (2022) Regional development, innovation systems and service companies' performance. Technological Forecasting and Social Change, 174 . Article Number 121258. ISSN 0040-1625. (doi:10.1016/j.techfore.2021.121258) (KAR id:90479)

PDF Author's Accepted Manuscript
Language: English

Download (689kB) Preview
[thumbnail of TFSC_Manuscript_September2021accepted.pdf]
This file may not be suitable for users of assistive technology.
Request an accessible format
Official URL:


This paper examines the impact of firm-level research and development (R&D) and country-level innovation on the relationship between geographic scope and financial performance. Using econometric estimation to analyze data from a sample of 339 United Kingdom (UK) service companies over the period from 2011 to 2017, we found a concave relationship between geographic scope and financial performance. Moreover, the results indicated that UK service companies that increase their R&D expenditure accrue a higher performance from higher geographic scope. This is because the relationship becomes convex but the foreign country’s innovation has no direct effect on UK service companies’ performance. Additional results showed that performance differences from geographic scope and the influence of firm-level R&D and country-level innovation exist between SMEs and large firms, and between private and public firms.

Item Type: Article
DOI/Identification number: 10.1016/j.techfore.2021.121258
Uncontrolled keywords: Host-country Innovation; International Trade; Performance; Service Companies
Subjects: H Social Sciences > HF Commerce > HF5351 Business
Divisions: Divisions > Kent Business School - Division > Department of Marketing, Entrepreneurship and International Business
Depositing User: Joseph Amankwah-Amoah
Date Deposited: 29 Sep 2021 20:55 UTC
Last Modified: 30 Apr 2023 23:00 UTC
Resource URI: (The current URI for this page, for reference purposes)
Afrifa, Godfred Adjapong:
Amankwah-Amoah, J.:
Acquaye, Adolf:
  • Depositors only (login required):


Downloads per month over past year