THE EFFECT OF INNOVATION AND STRATEGIC RESOURCES ON CAPITAL STRUCTURE O efeito da inovação e dos recursos estratégicos na estrutura de capital El efecto de la innovación y los recursos estratégicos en la estructura de capital

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dc.contributor.authorFaria A.M.D.
dc.contributor.authorKayo E.K.
dc.contributor.authorMeireles B.L.
dc.contributor.authorBorini F.M.
dc.contributor.authorJunior M.D.M.O.
dc.date.accessioned2024-11-01T06:13:26Z
dc.date.available2024-11-01T06:13:26Z
dc.date.issued2024
dc.description.abstract© (2024), (Fundacao Getulio Vargas). All rights reserved.Innovation is crucial for competitive companies. To effectively implement innovation, it is necessary to have substantial financial resources. Traditionally, financing sources such as venture capital and angel investors are considered more suitable. In contrast, debt is considered less suitable due to the risky nature of innovation, which creates a negative association between innovation and debt. At the same time, the resource-based view emphasizes the importance of resources for successfully executing strategies. Therefore, we aim to identify the effect of the interaction of innovation strategy and strategic resources on companies’ debt (capital structure). This finding is relevant since, despite the literature indicating that debt is inappropriate for innovation, it remains one of the most common sources of financing an innovative project. We show that a firm with an innovation strategy and strategic resources has greater financial leverage. The sample included American companies, covering 3, 628 companies from 2008 to 2018.
dc.description.issuenumber6
dc.description.volume64
dc.identifier.doi10.1590/S0034-759020240608
dc.identifier.issnNone
dc.identifier.urihttps://dspace.mackenzie.br/handle/10899/39690
dc.relation.ispartofRAE Revista de Administracao de Empresas
dc.rightsAcesso Restrito
dc.subject.otherlanguagecapital de conhecimento
dc.subject.otherlanguagecapital del conocimiento
dc.subject.otherlanguagecapital intangible
dc.subject.otherlanguagecapital intangível
dc.subject.otherlanguagecapital organizacional
dc.subject.otherlanguagecapital organizacional
dc.subject.otherlanguagecapital structure
dc.subject.otherlanguageestrategia de innovación
dc.subject.otherlanguageestratégia de inovação
dc.subject.otherlanguageestructura de capital
dc.subject.otherlanguageestrutura capital
dc.subject.otherlanguageinnovation strategy
dc.subject.otherlanguageintangible capital
dc.subject.otherlanguageknowledge capital
dc.subject.otherlanguageorganization capital
dc.titleTHE EFFECT OF INNOVATION AND STRATEGIC RESOURCES ON CAPITAL STRUCTURE O efeito da inovação e dos recursos estratégicos na estrutura de capital El efecto de la innovación y los recursos estratégicos en la estructura de capital
dc.typeArtigo
local.scopus.citations0
local.scopus.eid2-s2.0-85206103846
local.scopus.updated2024-12-01
local.scopus.urlhttps://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=85206103846&origin=inward
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