Systematic literature review on the relationship between innovation and financial performance of startups
DOI:
https://doi.org/10.5585/exactaep.2022.20997Keywords:
innovation, startups, performance, systematic literature reviewAbstract
The aim of this article is to develop a Systematic Literature Review (RSL) on the relationship between innovation and financial performance in Startups. Forty-nine articles were selected from the Scopus and Web of Science databases. The analyzes were supported by the three laws of classical bibliometrics. The period from 2011 to 2020 was defined for the preparation of this study. There is a need for startups to adopt an organizational culture that adopts innovative practices and guides the internal environment in the adoption of innovative behaviors, as well as strengthening relationships between universities, incubators and funding sources with the formation of strong alliances to promote innovation in addition to greater maturation in cooperation networks between companies. The contribution consists of offering evidence on the results of the studies, which can support the decision-making of startup managers and public managers, in the creation of strategies and policies oriented towards competitiveness, such as, for example, the strengthening of relations between companies and universities and the expansion of cooperation networks, as found in the analysis.
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