Meta-analysis of the relationship between product innovation and business performance

Nowadays, conflicting research findings have been concluded on the relationship between product innovation and business performance. To deep the understanding of the relationship between the two variables and resolve such inconsistent findings mentioned above, this paper uses meta-analysis which has received more and more attention in the field of management research to further analyze related studies quantitatively and comprehensively. In the process of meta-analysis, this paper synthesizes samples as many as possible, and conducts a systematic review and deep analysis of extant literatures on product innovation and its influence on business performance. Specially, the current research not only includes homogeneity test on extant studies, but also contains meta-analysis on the relationship between product innovation and business performance. Besides, this paper uses funnel plot and Egger test to analyze publication bias. Based on the results from meta-analysis, a positive and significant relationship between product innovation and business performance is found, which is followed by managerial implications, limitations, and future research directions.