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Enterprise Investments, Innovation and Performance: Evidence From Albania
Abstract
Enterprise investments and innovation are the key requirements for a country's development. Albania as a developing country with 27 years' experience of an open economy, has shown significant efforts in improving its market structure and enterprise development through the investment in different economic sectors and sustaining innovation. This article aims to investigate the contribution of investments and innovation on entrepreneurial performance in Albania for the period 2000 to 2014. Multiple regression analysis is applied to test this relationship. Secondary data collected from the Albanian Institute of Statistics (INSTAT) and General Directorate of Trademarks & Patents (GDTP) reports are used as an investigation tool in the study. The results of the study show that there exists a very strong relationship between investment, innovation and entrepreneurial performance for this period in Albania.
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