Technological Change and Performance of Pharmaceutical Manufacturing Firms in Ebonyi State
Year: 2026
Type: article
Abstract: The study examined technological change and performance of pharmaceutical manufacturing firms in Ebonyi State. The specific objectives are to: Examine the relationship between innovation and new products and ascertain the relationship between Technology Adoption and operational cost of pharmaceutical manufacturing firms in Ebonyi State. The area of the study was Ebonyi State, Nigeria. The study used the descriptive survey design approach. The primary source of data was the administration of questionnaire. The population of the study consisted of three hundred and twelve four (312) employees of selected pharmaceutical firms in Ebonyi State. The whole population was used due to small number. Two hundred and eighty-four (284) respondents returned the questionnaire and accurately filled. Data was presented and analyzed by mean score and standard deviation. The hypotheses were analyzed using Z - test statistic tool. The findings indicated i. Innovation had a significant positive relationship with new products of pharmaceutical manufacturing firms in Ebonyi State, Z = 11.274 p. <. 05 and Technology Adoption had a significant positive relationship with operational cost of pharmaceutical manufacturing firms in Ebonyi State, Z = 10.542 p. <. 05. The study concluded that technological change plays an important role in improving the performance of pharmaceutical manufacturing firms in Ebonyi State. The study recommended among others that Pharmaceutical firms should strengthen their research and development activities by investing in innovative product development and encouraging employees to generate and implement new product ideas.
Language: English
Topic: Firm Innovation and Growth
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W7203654020
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