Skip to main content

Advertisement

Table 3 The determinant of innovation in Ghana’s SME sector

From: Determinants of new products innovation in Ghanaian SMEs sector

Dependent Variable Coef t P > |t|
inputs for innovation
Independent Variables
Expenditure on innovation 2016 0.166568 0.58 0.567
  (0.289143)   
In-house expenditure on R & D 2016 −0.03428 −0.42 0.677
  (0.08178)   
External R & D expenditure 2016 0.119647 1.51 0.137
  (0.079382)   
New machines, equipments and software 2016 −0.00481 − 0.08 0.934
  (0.057922)   
External Technologies 2016 0.056898 0.81 0.419
  (0.069868)   
labor force 0.088238 1.12 0.267
  (0.078802)   
Educational qualification −0.09539 −1.8 0.077
  (0.05297)   
Foreign capital 0.1539** 2.18 0.033
  (0.070523)   
VC fund 0.074092 0.7 0.489
  (0.106502)   
Internal funds 0.283375 1.35 0.182
  (0.209919)   
Bank loans −0.04124 −0.58 0.563
  (0.070902)   
Government tax credit 0.415254*** 2.92 0.005
  (0.142193)   
Government subsidies 0.205381** 2.08 0.042
  (0.098935)   
Attributes of the SME    
 Patent 0.178156** 2.19 0.033
  (0.081433)   
 Internal protection −0.19234 −1.62 0.111
  (0.118967)   
 Own brand −0.19375 −1.38 0.173
  (0.14059)   
 Oversea Subsidiary 0.276763*** 2.97 0.004
  (0.093315)   
 Constant 7.094227*** 8.35 0.000
  (0.849644)   
 Observation 550   
 Pseudo R2 0.5584   
 σ 0.324149***   
  (0.038678)   
  1. The values in parenthesis are standard errors; *** , ** , * represents 1%, 5% and 10% significant levels respectively