Innovation and performance: an analysis of sustainable firms in Brazil and Europe
Autor(a) principal: | |
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Data de Publicação: | 2019 |
Outros Autores: | , , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Institucional da UFMG |
Texto Completo: | http://hdl.handle.net/1843/65838 |
Resumo: | In this study we analyze whether the innovation profile of sustainable Brazilian and European firms produces a difference in economic performance. Resource-Based View (RBV) posits that innovation, due to uniqueness and heterogeneity, leads to competitive advantage and improved performance. Data was collected from 78 sustainable firms covering the period 2010-2013 and analyzed with the Mann- Whitney test and the Kruskal-Wallis test. Four perspectives on innovation were considered: R&D, intangible innovation assets, patents, and disclosure. Economic performance was expressed as return on assets and return on equity. Innovation contributed to superior performance (though not significantly), but the claim that innovation generates competitive advantage could not be validated. Our results suggest the existence of a hypothetical curve of efficiency determined by diversification of innovation since higher levels of innovation were not necessarily related with greater performance. This may be explained by the assumption of heterogeneity, according to RBV. The study provides subsidies for managers looking to optimize investments in innovation, increasing the efficiency of resources and boosting differentiation in different economic scenarios. |
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2024-03-14T13:16:23Z2024-03-14T13:16:23Z201915213715610.4270/ruc.201921618093337http://hdl.handle.net/1843/65838In this study we analyze whether the innovation profile of sustainable Brazilian and European firms produces a difference in economic performance. Resource-Based View (RBV) posits that innovation, due to uniqueness and heterogeneity, leads to competitive advantage and improved performance. Data was collected from 78 sustainable firms covering the period 2010-2013 and analyzed with the Mann- Whitney test and the Kruskal-Wallis test. Four perspectives on innovation were considered: R&D, intangible innovation assets, patents, and disclosure. Economic performance was expressed as return on assets and return on equity. Innovation contributed to superior performance (though not significantly), but the claim that innovation generates competitive advantage could not be validated. Our results suggest the existence of a hypothetical curve of efficiency determined by diversification of innovation since higher levels of innovation were not necessarily related with greater performance. This may be explained by the assumption of heterogeneity, according to RBV. The study provides subsidies for managers looking to optimize investments in innovation, increasing the efficiency of resources and boosting differentiation in different economic scenarios.Essa pesquisa analisa se o perfil da inovação em firmas brasileiras e europeias sustentáveis gera diferenças no desempenho econômico. O arcabouço teórico da visão da firma baseada em recursos sugere que a inovação, devido a sua singularidade e heterogeneidade, está relacionada com a construção de vantagens competitivas e melhoria do desempenho. A análise compreende 78 empresas, com dados alusivos ao período de 2010 a 2013, aplicados testes de Mann-Whitney e Kruskal-Wallis. A inovação foi avaliada sob quatro perspectivas, investimentos em Pesquisa e Desenvolvimento (P&D), ativos intangíveis de inovação, patentes registradas e divulgação; o desempenho econômico, por sua vez, foi medido através do retorno dos ativos e do patrimônio líquido. Os resultados apontam que a inovação não consegue configurar vantagens competitivas entre as firmas, podendo, todavia, contribuir para a obtenção de desempenho superior. O estudo revela ainda, que pode haver uma curva hipotética de eficiência com relação à diversificação da inovação, pois maiores níveis de inovação não necessariamente implicam em desempenho médio superior, como sugere a pressuposição teórica da heterogeneidade, segundo a visão da firma baseada em recursos. O estudo contribui à identificação de oportunidades eficientes de investimento em inovação em firmas de distintas economias.engUniversidade Federal de Minas GeraisUFMGBrasilFCE - DEPARTAMENTO DE CIÊNCIAS CONTÁBEISRevista Universo ContábilDesenvolvimento organizacionalDesenvolvimento sustentávelInnovationPerformanceResource-based viewInnovation and performance: an analysis of sustainable firms in Brazil and EuropeInovação e desempenho: uma análise de empresas sustentáveis do Brasil e da EuropaInovación y desempeño: un análisis de empresas sustentables de Brasil y Europainfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlewww.furb.br/universocontabilJosé Glauber Cavalcante dos SantosAlessandra Carvalho de VasconcelosMárcia Martins Mendes De LucaJacqueline Veneroso Alves da Cunhainfo:eu-repo/semantics/openAccessreponame:Repositório Institucional da UFMGinstname:Universidade Federal de Minas Gerais (UFMG)instacron:UFMGLICENSELicense.txtLicense.txttext/plain; charset=utf-82042https://repositorio.ufmg.br/bitstream/1843/65838/1/License.txtfa505098d172de0bc8864fc1287ffe22MD51ORIGINALINNOVATION AND PERFORMANCE- AN ANALYSIS OF SUSTAINABLE FIRMS IN BRAZIL AND EUROPE.pdfINNOVATION AND PERFORMANCE- AN ANALYSIS OF SUSTAINABLE FIRMS IN BRAZIL AND EUROPE.pdfapplication/pdf3458922https://repositorio.ufmg.br/bitstream/1843/65838/2/INNOVATION%20AND%20PERFORMANCE-%20AN%20ANALYSIS%20OF%20SUSTAINABLE%20FIRMS%20IN%20BRAZIL%20AND%20EUROPE.pdf536086feea92778cfca624d50a026188MD521843/658382024-03-14 10:16:23.672oai:repositorio.ufmg.br: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Repositório de PublicaçõesPUBhttps://repositorio.ufmg.br/oaiopendoar:2024-03-14T13:16:23Repositório Institucional da UFMG - Universidade Federal de Minas Gerais (UFMG)false |
dc.title.pt_BR.fl_str_mv |
Innovation and performance: an analysis of sustainable firms in Brazil and Europe |
dc.title.alternative.pt_BR.fl_str_mv |
Inovação e desempenho: uma análise de empresas sustentáveis do Brasil e da Europa Inovación y desempeño: un análisis de empresas sustentables de Brasil y Europa |
title |
Innovation and performance: an analysis of sustainable firms in Brazil and Europe |
spellingShingle |
Innovation and performance: an analysis of sustainable firms in Brazil and Europe José Glauber Cavalcante dos Santos Innovation Performance Resource-based view Desenvolvimento organizacional Desenvolvimento sustentável |
title_short |
Innovation and performance: an analysis of sustainable firms in Brazil and Europe |
title_full |
Innovation and performance: an analysis of sustainable firms in Brazil and Europe |
title_fullStr |
Innovation and performance: an analysis of sustainable firms in Brazil and Europe |
title_full_unstemmed |
Innovation and performance: an analysis of sustainable firms in Brazil and Europe |
title_sort |
Innovation and performance: an analysis of sustainable firms in Brazil and Europe |
author |
José Glauber Cavalcante dos Santos |
author_facet |
José Glauber Cavalcante dos Santos Alessandra Carvalho de Vasconcelos Márcia Martins Mendes De Luca Jacqueline Veneroso Alves da Cunha |
author_role |
author |
author2 |
Alessandra Carvalho de Vasconcelos Márcia Martins Mendes De Luca Jacqueline Veneroso Alves da Cunha |
author2_role |
author author author |
dc.contributor.author.fl_str_mv |
José Glauber Cavalcante dos Santos Alessandra Carvalho de Vasconcelos Márcia Martins Mendes De Luca Jacqueline Veneroso Alves da Cunha |
dc.subject.por.fl_str_mv |
Innovation Performance Resource-based view |
topic |
Innovation Performance Resource-based view Desenvolvimento organizacional Desenvolvimento sustentável |
dc.subject.other.pt_BR.fl_str_mv |
Desenvolvimento organizacional Desenvolvimento sustentável |
description |
In this study we analyze whether the innovation profile of sustainable Brazilian and European firms produces a difference in economic performance. Resource-Based View (RBV) posits that innovation, due to uniqueness and heterogeneity, leads to competitive advantage and improved performance. Data was collected from 78 sustainable firms covering the period 2010-2013 and analyzed with the Mann- Whitney test and the Kruskal-Wallis test. Four perspectives on innovation were considered: R&D, intangible innovation assets, patents, and disclosure. Economic performance was expressed as return on assets and return on equity. Innovation contributed to superior performance (though not significantly), but the claim that innovation generates competitive advantage could not be validated. Our results suggest the existence of a hypothetical curve of efficiency determined by diversification of innovation since higher levels of innovation were not necessarily related with greater performance. This may be explained by the assumption of heterogeneity, according to RBV. The study provides subsidies for managers looking to optimize investments in innovation, increasing the efficiency of resources and boosting differentiation in different economic scenarios. |
publishDate |
2019 |
dc.date.issued.fl_str_mv |
2019 |
dc.date.accessioned.fl_str_mv |
2024-03-14T13:16:23Z |
dc.date.available.fl_str_mv |
2024-03-14T13:16:23Z |
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 |
http://hdl.handle.net/1843/65838 |
dc.identifier.doi.pt_BR.fl_str_mv |
10.4270/ruc.2019216 |
dc.identifier.issn.pt_BR.fl_str_mv |
18093337 |
identifier_str_mv |
10.4270/ruc.2019216 18093337 |
url |
http://hdl.handle.net/1843/65838 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.ispartof.pt_BR.fl_str_mv |
Revista Universo Contábil |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.publisher.none.fl_str_mv |
Universidade Federal de Minas Gerais |
dc.publisher.initials.fl_str_mv |
UFMG |
dc.publisher.country.fl_str_mv |
Brasil |
dc.publisher.department.fl_str_mv |
FCE - DEPARTAMENTO DE CIÊNCIAS CONTÁBEIS |
publisher.none.fl_str_mv |
Universidade Federal de Minas Gerais |
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UFMG |
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UFMG |
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Repositório Institucional da UFMG |
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Repositório Institucional da UFMG |
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