Technological innovations in Indian Small and Medium Enterprises (SMEs) sector: does firm size matter?

摘要

SMEs, irrespective of size, are primarily engaged in 'incremental technological innovations' with self efforts. But average innovation expenditure and innovation personnel increased with firm size. There is a positive relationship between innovation expenditure and value of output, and negative relationship between innovation intensity and firm size. Innovation expenditure with labour and capital has a significant influence on the value of output in each of the sub sectors.