RELATIONSHIP BETWEEN ORGANIZATIONAL SLACK AND INNOVATION IN COMPANIES OF BM&FBOVESPA

ABSTRACT Purpose: The goal of this study is to identify the relationship of absorbed, non-absorbed and potential slack with the innovation of companies of sectors members of the sectoral ranking of innovation in the Brazilian Index of Innovation (IBI) listed in BM&FBovespa. Originality/gap/relevance/implications: Organizational slack and innovation have been objects of study internationally, but still represent a research gap in Brazil. Also there were not identified studies using the intangible asset to measure innovation and the possible relations with the organizational slack measures. This theme can also support the strategic activities of organizations, such as contributing to the creation of competitive advantage. Key methodological aspects: Descriptive research with quantitative approach was carried out using financial data of 208 companies listed in BM&FBovespa classified as innovative according to the Index Brazil of Innovation. Information regarding intangible assets, used as metrics to measure the innovation, was collected from the Notes; and the data to calculate the measures of organizational slack were collected from Economática® database. Summary of key results: In the application of the panel data model, the results demonstrate a significant relationship between organizational slack and innovation. The potential and absorbed slacks impact significantly and positively the innovative process. Non-absorbed slack influences positively, but with relatively smaller impact compared to other measures. Key considerations/conclusions: It is concluded that the results indicate a relationship in greater degree of absorbed and potential slack and to a lesser degree of non-absorbed slack with the innovation of the companies surveyed. RESUMEN Objetivo: El objetivo de este estudio es identificar la relación de la holgura absorbida, no absorbida y potencial con la innovación de las empresas de los sectores miembros de la clasificación sectorial de la innovación en el Índice Brasileño de Innovación (IBI) que figuran en la BM&FBovespa. Originalidad/laguna/relevancia/implicaciones: La holgura organizacional y la innovación han sido objetos de estudio a nivel internacional, pero aún representan una brecha de investigación en Brasil. También no fueron identificados estudios utilizando el activo intangible para medir la innovación y las posibles relaciones con las medidas de holgura organizacional. Este tema también puede apoyar las actividades estratégicas de la