Analysis of factors influencing innovation of Hungarian small and medium-sized enterprises

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Innovation is vital in the modern economic environment, as it aims to improve the operational efficiency, competitiveness, and sustainability of enterprises. The study aimed to examine the innovation activity of Hungarian small and medium-sized enterprises and the most important factors influencing their innovation. The paper employed a questionnaire survey in the spring of 2024. During the survey, a total of 253 companies were interviewed about their innovation factors. Based on the results, the innovation activity of the Hungarian SME sector shows a developing tendency. A positive attitude toward innovation is increasingly present among SMEs. More than half of the respondents (53%) believe that innovation plays a key role in maintaining competitiveness. However, in practice, almost two-thirds (58%) of managers do not involve their employees in innovation processes, or only partially, suggesting that companies’ decision-making processes remain centralized. Statistical analyses showed that neither the companies’ size nor age showed a significant correlation with innovation. However, the research results showed a close relationship between innovation and the use of knowledge transfer. This result shows that knowledge management plays a decisive role in the innovation processes of Hungarian small and medium-sized enterprises.

Acknowledgments
This study is funded by the Science Committee of the Ministry of Education and Science of the Republic of Kazakhstan (Grant “Strategy of structural and technological modernization of the basic sectors of the economy of the Republic of Kazakhstan based on ESG: criteria, mechanisms and forecast scenario” No. BR24993089).

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    • Table 1. General data from surveyed companies
    • Table 2. Model summary
    • Table 3. Results of chi-squared tests for H2
    • Table 4. Results of chi-squared tests for H3
    • Conceptualization
      Peter Karácsony, Alexander Tsoy, Janos Meszaros, Kuralay Nurgaliyeva
    • Formal Analysis
      Peter Karácsony, Alexander Tsoy, Kuralay Nurgaliyeva
    • Funding acquisition
      Peter Karácsony, Alexander Tsoy
    • Investigation
      Peter Karácsony, Alexander Tsoy, Janos Meszaros, Kuralay Nurgaliyeva
    • Methodology
      Peter Karácsony, Janos Meszaros, Kuralay Nurgaliyeva
    • Project administration
      Peter Karácsony, Alexander Tsoy, Kuralay Nurgaliyeva
    • Resources
      Peter Karácsony
    • Supervision
      Peter Karácsony, Alexander Tsoy, Kuralay Nurgaliyeva
    • Validation
      Peter Karácsony, Kuralay Nurgaliyeva
    • Writing – original draft
      Peter Karácsony, Alexander Tsoy, Janos Meszaros, Kuralay Nurgaliyeva
    • Writing – review & editing
      Peter Karácsony
    • Data curation
      Janos Meszaros
    • Software
      Janos Meszaros, Kuralay Nurgaliyeva
    • Visualization
      Janos Meszaros