The impact of alliances and internal R&D on the firm’s innovation and financial performance

Detalhes bibliográficos
Autor(a) principal: Paula, Fábio de Oliveira
Data de Publicação: 2018
Outros Autores: Silva, Jorge Ferreira da
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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spelling 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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