Table 2.

Definition and scales of variables

VariableDefinitionScalesReferences
Dependent variables   
ProductivityA value of 1 indicates the perception of a company’s manager on the increase of productivity in terms of greater efficiency in business processes from innovation; 0 = otherwiseDichotomousMezias and Starbuck (2003), Seclen-Luna et al. (2021b) 
Market shareA value of 1 indicates the perception of a company’s manager on the increased market share in terms of greater sales and customers from innovation; 0 = otherwiseDichotomous
Independent variables   
Product innovationA value of 1 indicates that the firm has introduced new or significantly improved products in the last three years; 0 = otherwiseDichotomousGeldes et al. (2017), Goedhuys and Veugelers (2012), Heredia-Pérez et al. (2019), Li and Vermeulen (2021), OECD & EUROSTAT (2005), Seclen-Luna and Morales (2022), Tsai et al. (2011) 
Service innovationA value of 1 indicates that the firm has introduced new or significantly improved services in the last three years; 0 = otherwiseDichotomous
Process innovation – Production methodA value of 1 indicates that the firm has implemented new or significantly improved engineering, design or test activities for production in the last three years; 0 = otherwiseDichotomous
Process innovation – Logistic methodA value of 1 indicates that the firm has implemented new or significantly improved logistic, distribution or storage activities in the last three years; 0 = otherwiseDichotomous
Process innovation – Acquisition of machinery and hardwareA value of 1 indicates that the firm has acquired machinery and hardware (e.g. industrial robots or machine tools, 3D printing) in the last three years; 0 = otherwiseDichotomous
Organizational innovationA value of 1 indicates that the firm has acquired software for its internal processes (e.g. ERP, CAD) in the last three years; 0 = otherwiseDichotomous
Marketing innovationA value of 1 indicates that the firm has implemented new or significantly improved promotion techniques, product positioning or pricing in the last three years; 0 = otherwiseDichotomous
Moderating variables   
Expenditure on internal R&D activitiesA value of 1 indicates that the firm had expenditure on internal R&D activities in the last three years; 0 = otherwiseDichotomousCrespi & Zúñiga (2010), Seclen-Luna and Morales (2022) 
Control variables   
Firm sizeNumber of workers (permanent full-time workers)LogarithmDel Carpio Gallegos and Seclen-Luna (2022) 
Firm ageTime from the foundation of the firm (except for firms with three years or less)Logarithm
Source: Own elaboration

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