The impact of alliances and internal R&D on the firm’s innovation and financial performance
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Data de Publicação: | 2018 |
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Tipo de documento: | Artigo |
Idioma: | eng por |
Título da fonte: | BBR. Brazilian Business Review (English edition. Online) |
Texto Completo: | http://www.bbronline.com.br/index.php/bbr/article/view/496 |
Resumo: | This paper intends to understand the relationships among internal and external R&D, innovation performance and financial performance in Brazilian manufacturing firms by testing a model using data from 2,810 firms. The study achieves this objective. We detected a positive relationship between external R&D from strategic alliances and innovation performance. Internal R&D, on the other hand, did not influence innovation performance directly; however, it positively moderated the relationship between strategic alliances and innovation performance, corroborating with the absorptive capacity theory. Contrary to our expectations, innovation performance had a negative influence on future financial performance. This was caused by the two-year lag between the measurement of the proxies of these two constructs, which was not long enough to allow identifying an increasing in revenues from new products and services. However, it captured the negative effect of redirecting marketing and sales resources for innovation activities, such as internal R&D, and of management costs of strategic alliances. |
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The impact of alliances and internal R&D on the firm’s innovation and financial performanceO impacto das alianças e do P&D interno nos desempenhos de inovação e financeiro das firmasInnovation PerformanceInternal R&DExternal R&DFinancial PerformanceManufacturing FirmsDesempenho de inovaçãoP&D internoP&D externoDesempenho financeiroFirmas de manufaturaThis paper intends to understand the relationships among internal and external R&D, innovation performance and financial performance in Brazilian manufacturing firms by testing a model using data from 2,810 firms. The study achieves this objective. We detected a positive relationship between external R&D from strategic alliances and innovation performance. Internal R&D, on the other hand, did not influence innovation performance directly; however, it positively moderated the relationship between strategic alliances and innovation performance, corroborating with the absorptive capacity theory. Contrary to our expectations, innovation performance had a negative influence on future financial performance. This was caused by the two-year lag between the measurement of the proxies of these two constructs, which was not long enough to allow identifying an increasing in revenues from new products and services. However, it captured the negative effect of redirecting marketing and sales resources for innovation activities, such as internal R&D, and of management costs of strategic alliances.Este artigo pretende entender as relações entre P&D interno e externo, desempenho de inovação e desempenho financeiro das empresas brasileiras de manufatura, através do teste de um modelo utilizando dados de 2.810 empresas. O estudo atingiu este objetivo. Foi detectada uma relação positiva entre o P&D externo, das alianças estratégicas, e o desempenho de inovação. Por outro lado, o P&D interno não influenciou diretamente o desempenho de inovação; no entanto, moderou positivamente a relação entre as alianças estratégicas e o desempenho de inovação, corroborando com a teoria da capacidade absortiva. Ao contrário do esperado, o desempenho de inovação teve uma influência negativa no desempenho financeiro futuro. Isso foi causado pelo intervalo de dois anos entre as medições das proxies desses dois construtos, que não foi suficientemente longo para permitir identificar um aumento nas receitas de novos produtos e serviços, mas capturou o efeito negativo do redirecionamento de recursos de marketing e vendas para atividades de inovação, como P&D interno, e dos custos gerenciais das alianças estratégicas.FUCAPE Business Shool2018-11-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionPeer-reviewed ArticleArtigo revisado pelos paresapplication/pdfapplication/pdfhttp://www.bbronline.com.br/index.php/bbr/article/view/49610.15728/bbr.2018.15.6.2Brazilian Business Review; Vol. 15 No. 6 (2018): November to December 2018; 533-550Brazilian Business Review; v. 15 n. 6 (2018): Novembro a Dezembro de 2018; 533-5501808-23861807-734Xreponame:BBR. Brazilian Business Review (English edition. Online)instname:Fucape Business School (FBS)instacron:FBSengporhttp://www.bbronline.com.br/index.php/bbr/article/view/496/752http://www.bbronline.com.br/index.php/bbr/article/view/496/753Copyright (c) 2018 Brazilian Business Reviewhttps://creativecommons.org/licenses/by/4.0info:eu-repo/semantics/openAccessPaula, Fábio de OliveiraSilva, Jorge Ferreira da2018-11-01T17:53:01Zoai:ojs.pkp.sfu.ca:article/496Revistahttps://www.bbronline.com.br/index.php/bbr/indexONGhttp://www.bbronline.com.br/index.php/bbr/oai|| bbronline@bbronline.com.br1808-23861808-2386opendoar:2018-11-01T17:53:01BBR. Brazilian Business Review (English edition. Online) - Fucape Business School (FBS)false |
dc.title.none.fl_str_mv |
The impact of alliances and internal R&D on the firm’s innovation and financial performance O impacto das alianças e do P&D interno nos desempenhos de inovação e financeiro das firmas |
title |
The impact of alliances and internal R&D on the firm’s innovation and financial performance |
spellingShingle |
The impact of alliances and internal R&D on the firm’s innovation and financial performance Paula, Fábio de Oliveira Innovation Performance Internal R&D External R&D Financial Performance Manufacturing Firms Desempenho de inovação P&D interno P&D externo Desempenho financeiro Firmas de manufatura |
title_short |
The impact of alliances and internal R&D on the firm’s innovation and financial performance |
title_full |
The impact of alliances and internal R&D on the firm’s innovation and financial performance |
title_fullStr |
The impact of alliances and internal R&D on the firm’s innovation and financial performance |
title_full_unstemmed |
The impact of alliances and internal R&D on the firm’s innovation and financial performance |
title_sort |
The impact of alliances and internal R&D on the firm’s innovation and financial performance |
author |
Paula, Fábio de Oliveira |
author_facet |
Paula, Fábio de Oliveira Silva, Jorge Ferreira da |
author_role |
author |
author2 |
Silva, Jorge Ferreira da |
author2_role |
author |
dc.contributor.author.fl_str_mv |
Paula, Fábio de Oliveira Silva, Jorge Ferreira da |
dc.subject.por.fl_str_mv |
Innovation Performance Internal R&D External R&D Financial Performance Manufacturing Firms Desempenho de inovação P&D interno P&D externo Desempenho financeiro Firmas de manufatura |
topic |
Innovation Performance Internal R&D External R&D Financial Performance Manufacturing Firms Desempenho de inovação P&D interno P&D externo Desempenho financeiro Firmas de manufatura |
description |
This paper intends to understand the relationships among internal and external R&D, innovation performance and financial performance in Brazilian manufacturing firms by testing a model using data from 2,810 firms. The study achieves this objective. We detected a positive relationship between external R&D from strategic alliances and innovation performance. Internal R&D, on the other hand, did not influence innovation performance directly; however, it positively moderated the relationship between strategic alliances and innovation performance, corroborating with the absorptive capacity theory. Contrary to our expectations, innovation performance had a negative influence on future financial performance. This was caused by the two-year lag between the measurement of the proxies of these two constructs, which was not long enough to allow identifying an increasing in revenues from new products and services. However, it captured the negative effect of redirecting marketing and sales resources for innovation activities, such as internal R&D, and of management costs of strategic alliances. |
publishDate |
2018 |
dc.date.none.fl_str_mv |
2018-11-01 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article Artigo revisado pelos pares |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://www.bbronline.com.br/index.php/bbr/article/view/496 10.15728/bbr.2018.15.6.2 |
url |
http://www.bbronline.com.br/index.php/bbr/article/view/496 |
identifier_str_mv |
10.15728/bbr.2018.15.6.2 |
dc.language.iso.fl_str_mv |
eng por |
language |
eng por |
dc.relation.none.fl_str_mv |
http://www.bbronline.com.br/index.php/bbr/article/view/496/752 http://www.bbronline.com.br/index.php/bbr/article/view/496/753 |
dc.rights.driver.fl_str_mv |
Copyright (c) 2018 Brazilian Business Review https://creativecommons.org/licenses/by/4.0 info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Copyright (c) 2018 Brazilian Business Review https://creativecommons.org/licenses/by/4.0 |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf application/pdf |
dc.publisher.none.fl_str_mv |
FUCAPE Business Shool |
publisher.none.fl_str_mv |
FUCAPE Business Shool |
dc.source.none.fl_str_mv |
Brazilian Business Review; Vol. 15 No. 6 (2018): November to December 2018; 533-550 Brazilian Business Review; v. 15 n. 6 (2018): Novembro a Dezembro de 2018; 533-550 1808-2386 1807-734X reponame:BBR. Brazilian Business Review (English edition. Online) instname:Fucape Business School (FBS) instacron:FBS |
instname_str |
Fucape Business School (FBS) |
instacron_str |
FBS |
institution |
FBS |
reponame_str |
BBR. Brazilian Business Review (English edition. Online) |
collection |
BBR. Brazilian Business Review (English edition. Online) |
repository.name.fl_str_mv |
BBR. Brazilian Business Review (English edition. Online) - Fucape Business School (FBS) |
repository.mail.fl_str_mv |
|| bbronline@bbronline.com.br |
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1754732239046836224 |