Publication:
Competition intensity and innovation performance: insights from Nigeria micro finance sector
Competition intensity and innovation performance: insights from Nigeria micro finance sector
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Date
2019
Authors
Vũ Minh Hiếu
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Research Projects
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Abstract
In a competitive market, micro finance banks need to develop creative and
purposeful ideas to create value for stakeholders. This paper shed light on the
relationship between competition intensity and innovation performance. The study uses
surveys conducted on microfinance banks operating in Nigeria. Data from 300
respondents suggest that competition intensity significantly influence innovation
performance. It was observed that as competition intensifies, microfinance sector
innovation performance increases. The authors conclude that microfinance banks
should give attention to the nature of competition and its relationship with innovation
performance.
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Keywords
competition,
intensity,
innovation performance,
microfinance,
Nigeria