The Impact of Absorptive Capacity on Innovation in Peru
Abstract This research aims to determine absorptive capacity’s impact on innovation in SMEs in Peru. SMEs in Latin America tend to be characterized by technological backwardness, and innovations, if any, tend to be incremental in nature. In Peru, more than half of innovation activities are...
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Universidad Alberto Hurtado. Facultad de Economía y Negocios
2020
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oai:scielo:S0718-272420200004000192021-02-02The Impact of Absorptive Capacity on Innovation in PeruOrtigueira-Sánchez,Luis CamiloStein,William C.Risco-Martínez,Santiago LuisRicalde,María Fernanda Absorptive capacity Innovation Innovation agency SMEs Latin America Abstract This research aims to determine absorptive capacity’s impact on innovation in SMEs in Peru. SMEs in Latin America tend to be characterized by technological backwardness, and innovations, if any, tend to be incremental in nature. In Peru, more than half of innovation activities are destined to the acquisition of capital goods. In this sense, rather than generate innovation, SMEs tend to adopt existing innovations. Thus, in order to reap the benefits of innovation adoption, SMEs must possess a high degree of absorptive capacity, understood as the firm’s capacity to value external knowledge, assimilate, and exploit it towards commercial ends. In this respect, Innovate Peru, an innovation agency, grants subsidies to SMEs for facilitating innovation adoption. In collaboration between the public and academic sector, data was recollected from 88 SMEs that were granted this innovation subsidy. This paper contributes to the literature on absorptive capacity and innovation within Latin America, which has been vaguely studied. Likewise, it holds practical implications for top managers from SMEs who are looking to innovative, and policy implications for innovation policy makers, as it validates the effect of an innovation policy instrument.info:eu-repo/semantics/openAccessUniversidad Alberto Hurtado. Facultad de Economía y NegociosJournal of technology management & innovation v.15 n.4 20202020-12-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242020000400019en10.4067/S0718-27242020000400019 |
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English |
| topic |
Absorptive capacity Innovation Innovation agency SMEs Latin America |
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Absorptive capacity Innovation Innovation agency SMEs Latin America Ortigueira-Sánchez,Luis Camilo Stein,William C. Risco-Martínez,Santiago Luis Ricalde,María Fernanda The Impact of Absorptive Capacity on Innovation in Peru |
| description |
Abstract This research aims to determine absorptive capacity’s impact on innovation in SMEs in Peru. SMEs in Latin America tend to be characterized by technological backwardness, and innovations, if any, tend to be incremental in nature. In Peru, more than half of innovation activities are destined to the acquisition of capital goods. In this sense, rather than generate innovation, SMEs tend to adopt existing innovations. Thus, in order to reap the benefits of innovation adoption, SMEs must possess a high degree of absorptive capacity, understood as the firm’s capacity to value external knowledge, assimilate, and exploit it towards commercial ends. In this respect, Innovate Peru, an innovation agency, grants subsidies to SMEs for facilitating innovation adoption. In collaboration between the public and academic sector, data was recollected from 88 SMEs that were granted this innovation subsidy. This paper contributes to the literature on absorptive capacity and innovation within Latin America, which has been vaguely studied. Likewise, it holds practical implications for top managers from SMEs who are looking to innovative, and policy implications for innovation policy makers, as it validates the effect of an innovation policy instrument. |
| author |
Ortigueira-Sánchez,Luis Camilo Stein,William C. Risco-Martínez,Santiago Luis Ricalde,María Fernanda |
| author_facet |
Ortigueira-Sánchez,Luis Camilo Stein,William C. Risco-Martínez,Santiago Luis Ricalde,María Fernanda |
| author_sort |
Ortigueira-Sánchez,Luis Camilo |
| title |
The Impact of Absorptive Capacity on Innovation in Peru |
| title_short |
The Impact of Absorptive Capacity on Innovation in Peru |
| title_full |
The Impact of Absorptive Capacity on Innovation in Peru |
| title_fullStr |
The Impact of Absorptive Capacity on Innovation in Peru |
| title_full_unstemmed |
The Impact of Absorptive Capacity on Innovation in Peru |
| title_sort |
impact of absorptive capacity on innovation in peru |
| publisher |
Universidad Alberto Hurtado. Facultad de Economía y Negocios |
| publishDate |
2020 |
| url |
http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242020000400019 |
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