Innovation and financial performance of companies doing business in Brazil

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dc.contributor.authorSaliba de Oliveira J.A.
dc.contributor.authorCruz Basso L.F.
dc.contributor.authorKimura H.
dc.contributor.authorSobreiro V.A.
dc.date.accessioned2024-03-12T23:55:54Z
dc.date.available2024-03-12T23:55:54Z
dc.date.issued2018
dc.description.abstract© 2019 KeAi Communications Co., LtdIn this paper, we analyze the relationships among innovation efforts, the impacts of these innovations, and the financial performance of Brazilian companies. We hypothesize that innovation efforts do not directly translate into financial performance. Due to the inherent uncertainty of innovative projects, such efforts must first lead to effective innovation results or impacts before they are capable of contributing to a company's financial performance. Using the Brazilian Institute of Geography and Statistics' (IBGE) comprehensive official databases on innovation and performance, we study 5,025 firms using exploratory factor analysis and structural equation modeling. The results suggest that efforts in innovation possibly generate impacts; however, these impacts do not necessarily imply better financial performance. Therefore, although firms' efforts may lead to new products, they will not contribute to financial gains in the short term, reflecting the risky and costly nature of innovation. The study aims to contribute to the discussion on firm-level impacts of innovation from the context of a large developing country, since empirical results of the literature are mixed.
dc.description.firstpage153
dc.description.issuenumber4
dc.description.lastpage164
dc.description.volume2
dc.identifier.doi10.1016/j.ijis.2019.03.001
dc.identifier.issn2589-2975
dc.identifier.urihttps://dspace.mackenzie.br/handle/10899/35419
dc.relation.ispartofInternational Journal of Innovation Studies
dc.rightsAcesso Aberto
dc.subject.otherlanguageEfforts in innovation
dc.subject.otherlanguageFinancial performance
dc.subject.otherlanguageImpacts of innovation
dc.subject.otherlanguageInnovation
dc.subject.otherlanguagePIA
dc.subject.otherlanguagePINTEC
dc.titleInnovation and financial performance of companies doing business in Brazil
dc.typeArtigo
local.scopus.citations51
local.scopus.eid2-s2.0-85075510852
local.scopus.updated2024-05-01
local.scopus.urlhttps://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=85075510852&origin=inward
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