THE IMPACT OF INNOVATIVE EFFORTS IN THE FINANCIAL PERFORMANCE OF ENTERPRISES
This study examined the impact of innovative efforts, measured by investment in Research and Development, under the sales growth, considering different 'degrees of proximity' with the frontier. To test the hypothesis, we built a regression model with panel data considering 1,500 firms with...
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Veröffentlicht in: | Innovation & management review 2015-07, Vol.12 (3), p.82 |
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description | This study examined the impact of innovative efforts, measured by investment in Research and Development, under the sales growth, considering different 'degrees of proximity' with the frontier. To test the hypothesis, we built a regression model with panel data considering 1,500 firms with financial data from 2012. We calculated the Total Factor Productivity of each firm and constructed an index of proximity to the frontier (firm with higher productivity). The results show that firms closed to the frontier, employ the R&D resources more efficiently, obtaining estimates of growth than firms further behind. |
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subjects | Business growth Economic models Economic statistics Economic theory Financial performance Innovations R&D Research & development Studies Technological change |
title | THE IMPACT OF INNOVATIVE EFFORTS IN THE FINANCIAL PERFORMANCE OF ENTERPRISES |
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