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

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 ext...

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Autores principales:	Fábio de Oliveira Paula, Jorge Ferreira da Silva
Formato:	article
Lenguaje:	EN PT
Publicado:	FUCAPE Business School 2018
Materias:	innovation performance internal r&d external r&d financial performance manufacturing firms Business HF5001-6182
Acceso en línea:	https://doaj.org/article/6406177e630a45e390a98739aaa4f3cd
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spelling	oai:doaj.org-article:6406177e630a45e390a98739aaa4f3cd2021-11-11T15:48:07ZThe impact of alliances and internal R&D on the firm's innovation and financial performance1807-734X10.15728/bbr.2018.15.6.2https://doaj.org/article/6406177e630a45e390a98739aaa4f3cd2018-01-01T00:00:00Zhttp://www.redalyc.org/articulo.oa?id=123057497002https://doaj.org/toc/1807-734XThis 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.Fábio de Oliveira PaulaJorge Ferreira da SilvaFUCAPE Business Schoolarticleinnovation performanceinternal r&dexternal r&dfinancial performancemanufacturing firmsBusinessHF5001-6182ENPTBBR: Brazilian Business Review, Vol 15, Iss 6, Pp 533-550 (2018)
institution	DOAJ
collection	DOAJ
language	EN PT
topic	innovation performance internal r&d external r&d financial performance manufacturing firms Business HF5001-6182
spellingShingle	innovation performance internal r&d external r&d financial performance manufacturing firms Business HF5001-6182 Fábio de Oliveira Paula Jorge Ferreira da Silva The impact of alliances and internal R&D on the firm's innovation and financial performance
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.
format	article
author	Fábio de Oliveira Paula Jorge Ferreira da Silva
author_facet	Fábio de Oliveira Paula Jorge Ferreira da Silva
author_sort	Fábio de Oliveira Paula
title	The impact of alliances and internal R&D on the firm's innovation and financial performance
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	impact of alliances and internal r&d on the firm's innovation and financial performance
publisher	FUCAPE Business School
publishDate	2018
url	https://doaj.org/article/6406177e630a45e390a98739aaa4f3cd
work_keys_str_mv	AT fabiodeoliveirapaula theimpactofalliancesandinternalrdonthefirmsinnovationandfinancialperformance AT jorgeferreiradasilva theimpactofalliancesandinternalrdonthefirmsinnovationandfinancialperformance AT fabiodeoliveirapaula impactofalliancesandinternalrdonthefirmsinnovationandfinancialperformance AT jorgeferreiradasilva impactofalliancesandinternalrdonthefirmsinnovationandfinancialperformance
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The impact of alliances and internal R&D on the firm's innovation and financial performance

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