TECHNOLOGICAL INNOVATION CAPABILITY IMPACTS TO FINANCIAL PERFORMANCE AND GROWTH PERFORMANCE OF SMES IN GUANGXI

Abstract

This study aims to investigate the impact of technological innovation capability on the financial performance and growth performance of SMEs in Guangxi. The sample was drawn from 361 middle and senior managers in private industrial enterprises in Guangxi. A questionnaire survey was conducted to collect data from medium-sized enterprises, small-sized enterprises and micro-enterprises in Guangxi using the non-probability sampling methods. Descriptive statistical methods and multiple regression methods were used to analyze the data. It was found that, except for learning capability and R&D capability (P > 0.05), Resource allocation capability, manufacturing capability, marketing capability, organizing capability and strategic planning capability has a positive and significant effect on the financial performance of SMEs in Guangxi, learning capability, R&D capability, Resource allocation capability, manufacturing capability, marketing capability, organizing capability and strategic planning capability has a positive and significant effect on the Growth performance of SMEs in Guangxi.