Benefits on Sales Generated by Innovation
Tipo
Artigo
Data de publicação
2022
Periódico
International Journal of Innovation and Technology Management
Citações (Scopus)
0
Autores
Taques F.H.
Areal N.
Basso L.F.C.
Areal N.
Basso L.F.C.
Orientador
Título da Revista
ISSN da Revista
Título de Volume
Membros da banca
Programa
Resumo
© 2022 World Scientific Publishing Company.The object of the research is to assess whether organizations' ability to innovate may be able to explain abnormal returns to firms by composing risk factor models. Using R&D investment indicators and published patents from a global sample of companies for the period 1992 to 2018, the 3-factor, 4-factor and 5-factor risk models were applied. Partly the case is that increased investment in innovation contributes to better sales performance and, consequently, excess returns. Regarding the rolling-regression method, the results show few scenarios in which the ability to innovate is an explanatory factor for financial performance.