RT Journal Article T1 Barriers to Innovation: Experience of Ecuadorian Small and Medium Entreprises A1 Simbaña Taipe, Luis Enrique A1 Villamil Jaramillo, Jimena Alexandra A1 Taimal Méndez, Laura Lucia A1 Rodeiro-Pazos, David K1 Innovation barriers K1 SMEs K1 Competitiveness K1 Logit K1 Panel data AB The innovation barriers to small and medium-sized enterprises affect their innovative process and influence their company development. In this empirical work, we analyze the cost, market, and knowledge barriers that impede or delay the development of innovative activities and projects in Ecuadorian SMEs. A logit estimation model uses fixed-effects panel data on a sample of 5,205 SMEs during the period from 2009–2014. The results show that small and young companies are more vulnerable to the perceived barriers of cost and knowledge. This is mainly due to high innovation costs and a lack of skilled staff that restricts organizational growth and market competitiveness. PB Universidad del Pacífico (Lima, Peru) SN 2078-9424 YR 2021 FD 2021 LK https://hdl.handle.net/10347/40438 UL https://hdl.handle.net/10347/40438 LA eng NO Simbaña-Taipe, L. E., Villamil-Jaramillo, J. A., Taimal-Mendez, L. L., & Rodeiro-Pazos, D. (2021). Barriers to Innovation: Experience of Ecuadorian Small and Medium Entreprises. Journal of Business, Universidad Del Pacífico (Lima, Peru), 13(1), 52-71. https://doi.org/https://doi.org/10.21678/jb.2021.1472 DS Minerva RD 23 abr 2026