R&D spillovers, innovation and market value: evidence of absortive capacity in the generation of clean technologies

Detalhes bibliográficos
Autor(a) principal: Rocha, Leonardo Andrade
Data de Publicação: 2019
Outros Autores: Lima, Patrícia Verônica Pinheiro Sales, Khan, Ahmad Saeed, Sousa, Eliane Pinheiro de
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Institucional da Universidade Federal do Ceará (UFC)
Texto Completo: http://www.repositorio.ufc.br/handle/riufc/61883
Resumo: The present study analyzes how efforts in innovation contribute to the market value (Tobin’s Q) of firms that generate clean technologies. In an alternative perspective, the results point out that R&D investments contribute in a heterogeneous way in value, where firms located in the higher or nearer technological frontier show a greater return on the use of investments. In this case, an absorptive capacity effect demonstrates that market value is precisely more sensitive to R&D investments for “frontier’s firms”. This suggests that the absorptive capacity effect is sensitive to proximity fluctuations with the frontier.
id UFC-7_b603820d5024da0ca260590346f4e255
oai_identifier_str oai:repositorio.ufc.br:riufc/61883
network_acronym_str UFC-7
network_name_str Repositório Institucional da Universidade Federal do Ceará (UFC)
repository_id_str
spelling R&D spillovers, innovation and market value: evidence of absortive capacity in the generation of clean technologiesExternalidades del I&D, innovación y mercado de valores: evidencia de capacidad de absorción en la generación de tecnologías limpiasInovações tecnológicasPesquisa e desenvolvimentoInnovationAbsorptive capacityThe present study analyzes how efforts in innovation contribute to the market value (Tobin’s Q) of firms that generate clean technologies. In an alternative perspective, the results point out that R&D investments contribute in a heterogeneous way in value, where firms located in the higher or nearer technological frontier show a greater return on the use of investments. In this case, an absorptive capacity effect demonstrates that market value is precisely more sensitive to R&D investments for “frontier’s firms”. This suggests that the absorptive capacity effect is sensitive to proximity fluctuations with the frontier.El presente estudio analiza cómo los esfuerzos en innovación contribuyen al valor de mercado (Q de Tobin) de las empresas que generan tecnologías limpias. En una perspectiva alternativa, los resultados apuntan que las inversiones en I&D contribuyen de forma heterogénea en el valor, donde firmas situadas en la distribución superior o más próximas a la frontera tecnológica presentan un mayor retorno en el uso de las inversiones. En este caso, un efecto-capacidad de absorción demuestra que el valor de mercado es precisamente más sensible a las inversiones en I&D para las "firmas de la frontera". Esto sugiere que el efecto-capacidad de absorción es sensible a las fluctuaciones de proximidad con la frontera.Estudios de Economía Aplicada2021-11-09T11:55:03Z2021-11-09T11:55:03Z2019info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfROCHA, Leonardo Andrade; LIMA, Patrícia Verônica Pinheiro Sales; KHAN, Ahmad Saeed; SOUSA, Eliane Pinheiro de. R&D spillovers, innovation and market value: evidence of absortive capacity in the generation of clean technologies. Estudios de Economía Aplicada, Barcelona, v. 37, n. 2, p. 1-14, 2019.1133-31971697-5731http://www.repositorio.ufc.br/handle/riufc/61883Rocha, Leonardo AndradeLima, Patrícia Verônica Pinheiro SalesKhan, Ahmad SaeedSousa, Eliane Pinheiro deinfo:eu-repo/semantics/openAccessengreponame:Repositório Institucional da Universidade Federal do Ceará (UFC)instname:Universidade Federal do Ceará (UFC)instacron:UFC2023-09-18T19:27:19Zoai:repositorio.ufc.br:riufc/61883Repositório InstitucionalPUBhttp://www.repositorio.ufc.br/ri-oai/requestbu@ufc.br || repositorio@ufc.bropendoar:2024-09-11T18:53:08.315593Repositório Institucional da Universidade Federal do Ceará (UFC) - Universidade Federal do Ceará (UFC)false
dc.title.none.fl_str_mv R&D spillovers, innovation and market value: evidence of absortive capacity in the generation of clean technologies
Externalidades del I&D, innovación y mercado de valores: evidencia de capacidad de absorción en la generación de tecnologías limpias
title R&D spillovers, innovation and market value: evidence of absortive capacity in the generation of clean technologies
spellingShingle R&D spillovers, innovation and market value: evidence of absortive capacity in the generation of clean technologies
Rocha, Leonardo Andrade
Inovações tecnológicas
Pesquisa e desenvolvimento
Innovation
Absorptive capacity
title_short R&D spillovers, innovation and market value: evidence of absortive capacity in the generation of clean technologies
title_full R&D spillovers, innovation and market value: evidence of absortive capacity in the generation of clean technologies
title_fullStr R&D spillovers, innovation and market value: evidence of absortive capacity in the generation of clean technologies
title_full_unstemmed R&D spillovers, innovation and market value: evidence of absortive capacity in the generation of clean technologies
title_sort R&D spillovers, innovation and market value: evidence of absortive capacity in the generation of clean technologies
author Rocha, Leonardo Andrade
author_facet Rocha, Leonardo Andrade
Lima, Patrícia Verônica Pinheiro Sales
Khan, Ahmad Saeed
Sousa, Eliane Pinheiro de
author_role author
author2 Lima, Patrícia Verônica Pinheiro Sales
Khan, Ahmad Saeed
Sousa, Eliane Pinheiro de
author2_role author
author
author
dc.contributor.author.fl_str_mv Rocha, Leonardo Andrade
Lima, Patrícia Verônica Pinheiro Sales
Khan, Ahmad Saeed
Sousa, Eliane Pinheiro de
dc.subject.por.fl_str_mv Inovações tecnológicas
Pesquisa e desenvolvimento
Innovation
Absorptive capacity
topic Inovações tecnológicas
Pesquisa e desenvolvimento
Innovation
Absorptive capacity
description The present study analyzes how efforts in innovation contribute to the market value (Tobin’s Q) of firms that generate clean technologies. In an alternative perspective, the results point out that R&D investments contribute in a heterogeneous way in value, where firms located in the higher or nearer technological frontier show a greater return on the use of investments. In this case, an absorptive capacity effect demonstrates that market value is precisely more sensitive to R&D investments for “frontier’s firms”. This suggests that the absorptive capacity effect is sensitive to proximity fluctuations with the frontier.
publishDate 2019
dc.date.none.fl_str_mv 2019
2021-11-09T11:55:03Z
2021-11-09T11:55:03Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv ROCHA, Leonardo Andrade; LIMA, Patrícia Verônica Pinheiro Sales; KHAN, Ahmad Saeed; SOUSA, Eliane Pinheiro de. R&D spillovers, innovation and market value: evidence of absortive capacity in the generation of clean technologies. Estudios de Economía Aplicada, Barcelona, v. 37, n. 2, p. 1-14, 2019.
1133-3197
1697-5731
http://www.repositorio.ufc.br/handle/riufc/61883
identifier_str_mv ROCHA, Leonardo Andrade; LIMA, Patrícia Verônica Pinheiro Sales; KHAN, Ahmad Saeed; SOUSA, Eliane Pinheiro de. R&D spillovers, innovation and market value: evidence of absortive capacity in the generation of clean technologies. Estudios de Economía Aplicada, Barcelona, v. 37, n. 2, p. 1-14, 2019.
1133-3197
1697-5731
url http://www.repositorio.ufc.br/handle/riufc/61883
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Estudios de Economía Aplicada
publisher.none.fl_str_mv Estudios de Economía Aplicada
dc.source.none.fl_str_mv reponame:Repositório Institucional da Universidade Federal do Ceará (UFC)
instname:Universidade Federal do Ceará (UFC)
instacron:UFC
instname_str Universidade Federal do Ceará (UFC)
instacron_str UFC
institution UFC
reponame_str Repositório Institucional da Universidade Federal do Ceará (UFC)
collection Repositório Institucional da Universidade Federal do Ceará (UFC)
repository.name.fl_str_mv Repositório Institucional da Universidade Federal do Ceará (UFC) - Universidade Federal do Ceará (UFC)
repository.mail.fl_str_mv bu@ufc.br || repositorio@ufc.br
_version_ 1813028983844896768

Registros relacionados