Securing and expanding innovation capability is a critical challenge for the survival and growth of small and medium-sized enterprises (SMEs), as they normally lack internal resources and show limited environmental responsiveness. However, few prior studies focus on the factors influencing the innovation capability of SMEs in terms of facilitators, barriers, and moderators. Using survey data collected from Korean SMEs in the manufacturing sector, we show that innovation capability is a fundamental determinant of firm performance. Top management leadership and external networking serve as facilitators, while organisational rigidity and insufficient resources act as barriers to firm performance, and have a significant impact on innovation capability. This study reveals that commercialisation capabilities serve as moderators between innovation capability and firm performance. The implications and directions for future research are also suggested.

中文翻译：

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影响韩国制造业中小型企业创新能力的因素：促进者，壁垒和主持人

确保和扩展创新能力是中小企业生存和发展的关键挑战，因为中小企业通常缺乏内部资源并且对环境的响应能力有限。但是，很少有先前的研究集中在促进者，障碍和主持人方面影响中小企业创新能力的因素。使用从韩国制造业中的中小企业收集的调查数据，我们表明创新能力是企业绩效的根本决定因素。高层管理人员的领导和外部网络是促进者，而组织的僵化和资源不足则阻碍了公司的绩效，并严重影响了创新能力。这项研究表明，商业化能力是创新能力和企业绩效之间的调节者。还提出了未来研究的意义和方向。