Age Matters: Small Firms Innovate, Large Firms Thrive in Malaysia
The study looked at what makes small and medium businesses in Malaysia's manufacturing sector come up with new ideas. They found that younger small firms are more likely to innovate, while older medium and large firms are better at it. The size of the company and whether it's owned by foreigners don't really affect innovation. Small firms with more employees tend to be more innovative. Medium firms that sell to local markets are more likely to come up with new things. Public medium-sized companies are less likely to innovate. The relationship between technology in the industry and a firm's innovation is complicated. Medium-sized firms in industries with fewer competitors are more likely to innovate.