The Relationship between Innovation and Firm Performance: A Literature Review

摘要

Innovation has been generally regarded as a key factor affecting firm performance. Many companies try their best to achieve higher profits through innovation in different ways. However, the literature shows that the impact of innovation on firm performance is different among many innovative firms. This article will review the related literature from three aspects: the direct impact of innovation on enterprise performance, the moderating effect of innovation on firm performance, the mediating effects between innovation and firm performance.