The trajectory of the ability to innovate and the financial performance of the Brazilian industry

dc.contributor.authorSantos D.F.L.
dc.contributor.authorBasso L.F.C.
dc.contributor.authorKimura H.
dc.date.accessioned2024-03-12T23:58:33Z
dc.date.available2024-03-12T23:58:33Z
dc.date.issued2018
dc.description.abstract© 2017 Elsevier Inc.This research analyzes the cumulative trajectory of Brazilian industry's ability to innovate and the impact of this resource on firms' financial performance. From a broad base of data taken at the firm level, a cross-sectional analysis and a longitudinal analysis were combined, through structural equation modelling, in the construction of the trajectory of resource innovation with the combined use of the following techniques: a multilevel model, latent trajectory analysis, and an autoregressive model. The empirical model shows that the ability to innovate consists of factors that are associated with internal, external, and human resources. The influence on financial performance is positive and significant when the analysis involves the long term. The autoregressive effect of the ability to innovate in time is not significant, suggesting that the innovation process is cumulative, interactive, and nonlinear. These results are relevant to emerging countries that require continued public policies and a greater intensity of business investment in the innovation process, aiming at the longevity of companies.
dc.description.firstpage258
dc.description.lastpage270
dc.description.volume127
dc.identifier.doi10.1016/j.techfore.2017.09.027
dc.identifier.issn0040-1625
dc.identifier.urihttps://dspace.mackenzie.br/handle/10899/35568
dc.relation.ispartofTechnological Forecasting and Social Change
dc.rightsAcesso Restrito
dc.subject.otherlanguageBusiness competitiveness
dc.subject.otherlanguageEmerging markets
dc.subject.otherlanguageInnovative capacity
dc.subject.otherlanguageProfitability
dc.subject.otherlanguageTechnological strategies
dc.titleThe trajectory of the ability to innovate and the financial performance of the Brazilian industry
dc.typeArtigo
local.scopus.citations11
local.scopus.eid2-s2.0-85030848558
local.scopus.subjectBusiness competitiveness
local.scopus.subjectCross sectional analysis
local.scopus.subjectEmerging markets
local.scopus.subjectFinancial performance
local.scopus.subjectInnovations process
local.scopus.subjectInnovative capacity
local.scopus.subjectLongitudinal analysis
local.scopus.subjectResearch analysis
local.scopus.subjectStructural equation models
local.scopus.subjectTechnological strategy
local.scopus.updated2024-05-01
local.scopus.urlhttps://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=85030848558&origin=inward
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