Structure-Based Innovation Index (SBII) and Firm Performance in Ecuadorian Manufacturing SMEs: Evidence from Capital Efficiency and Sales per Employee

Manufacturing SMEs in Ecuador operate under macroeconomic volatility and limited financing; improvements in processes and management are key mechanisms for sustaining productivity and competitiveness. In contexts where conventional innovation indicators are unavailable, financial ratios constitute replicable signals that close a measurement gap in emerging economies. This study constructs the Structure-Based Innovation Index (SBII) as the mean of within-sample percentile ranks of capital efficie