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Entrepreneurship and Innovation: Evidence in Colombian SMEs

Entrepreneurship and Innovation: Evidence in Colombian SMEs
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Author(s): Julia Clemencia Naranjo-Valencia (Universidad Nacional de Colombia Sede Manizales, Colombia), Gregorio Calderón-Hernández (Universidad de Manizales, Colombia), Daniel Jiménez-Jiménez (Universidad de Murcia, Spain) and Raquel Sanz-Valle (Universidad de Murcia, Spain)
Copyright: 2018
Pages: 23
Source title: Handbook of Research on Intrapreneurship and Organizational Sustainability in SMEs
Source Author(s)/Editor(s): Rafael Perez-Uribe (Universidad Santo Tomas, Bogotá, Colombia), Carlos Salcedo-Perez (EAN University, Colombia) and David Ocampo-Guzman (EAN University, Colombia)
DOI: 10.4018/978-1-5225-3543-0.ch014


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In the current economic landscape, the importance of innovation for the competitiveness of companies is increasingly recognized. The literature points to entrepreneurship as an important source of innovation. Although it is considered that the entrepreneurial orientation affects the results of the innovation, the empirical evidence in a country like Colombia, which today has as policy priority to stimulate both entrepreneurship and innovation, is practically null. In this chapter, the authors study this relationship in the context of a sample of SMEs through a linear regression analysis. The results indicate, as predicted, that to the extent that there is greater innovation, proactivity, and risk orientation, the better the results of innovation.

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