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How the perception of obstacles to innovation affects innovation results: evidence in a developing country

Innovation has become a key factor for competitiveness and survival of companies. This has increased interest in investigating those conditions which favour or hinder said survival. According to literature, perception of obstacles in a company influences the level of innovation. This paper focuses on the association between perception of barriers to innovation and innovation results. Data used corresponds to EDIT VII, carried out by the DANE (2014). Relationship analysis was performed through logistic regression and the results reveal that companies which assign greater importance to obstacles are the most innovative. Furthermore, they also show that the facility of imitation by third parties, scarce information about markets, and uncertainty of demand are the factors which are the most closely related to innovation development.