Innovation as a resilience strategy to economic crises for international food and drink firms

Daniele Curzi, Valentina C. Materia, Cristina Vaquero-Piñeiro*

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review

Abstract

The 2008–2009 global economic downturn emphasized the role of demand contractions and the potential mediation role of trade on firms' performance in times of crisis. Evidence in anticyclical sectors such as the food industry is scarce. Using European firm-level data on the 2008–2009 crisis, we explore (i) whether the internal demand or market synchronism (external demand) prevailed when assessing their relation with the crisis and (ii) the role innovation strategies played in mitigating this in weathering the drop in demand. Results indicate that the more internationalized firms are, the more they suffer from economic crises, with exporters the most affected, but that innovation can have a mitigating role. [EconLit Citations: F14, G01, O32].

Original languageEnglish
JournalAgribusiness
DOIs
Publication statusE-pub ahead of print - 2 Nov 2022

Keywords

  • economic crisis
  • export
  • firm-level analysis
  • food manufacturing
  • innovation
  • internationalization

Fingerprint

Dive into the research topics of 'Innovation as a resilience strategy to economic crises for international food and drink firms'. Together they form a unique fingerprint.

Cite this