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Inicio Revista de Administração e Inovação O Impacto dos esforços inovativos no desempenho econômico-financeiro das empre...
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Vol. 12. Issue 3.
Pages 82-108 (July - September 2015)
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Vol. 12. Issue 3.
Pages 82-108 (July - September 2015)
Open Access
O Impacto dos esforços inovativos no desempenho econômico-financeiro das empresas
The Impact of Innovative Efforts in the Financial Performance of Enterprises
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Leonardo Andrade Rocha
Doutor em Desenvolvimento Econômico pelo Instituto de Economia pela Universidade Estadual de, Campinas – UNICAMP, Professor da Universidade Federal Rural do Semi-Árido – UFERSA, (Brasil)
Maria Ester Dal Poz
Doutorado em Política Científica e Tecnológica pela Universidade Estadual de Campinas – UNICAMP, Professor da Universidade Estadual de Campinas – UNICAMP, (Brasil)
Carlos Alano Soares de Almeida
Mestrado em Desenvolvimento e Meio Ambiente pela Universidade do Estado do Rio Grande do Norte – UERN, Professor da Universidade Federal Rural do Semi-Árido – UFERSA, (Brasil)
Denison Murilo de Oliveira
Mestrado em Economia pela Universidade Federal da Paraíba – UFPB, Professor Assistente I da Universidade Federal Rural do Semi-Árido – UFERSA, (Brasil)
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RESUMO

O presente trabalho analisou os impactos dos esforços inovativos, medidos pelos investimentos em Pesquisa e Desenvolvimento, sob o crescimento das vendas, considerando diferentes ‘graus de proximidade’ com a fronteira. Para testar a hipótese, foi construído um modelo de regressão com dados em painel considerando 1.500 firmas com dados financeiros de 2012. Foi calculada a Produtividade Total dos Fatores de cada firma e construído um índice de proximidade com a fronteira (firma com maior produtividade). Os resultados demonstram que firmas situadas próximas da fronteira, empregam os recursos de P&D com maior eficiência, obtendo estimativas de crescimento superior às firmas mais afastadas.

Palavras-chave:
Fronteira Tecnológica
P&D
Inovação
Crescimento das Firmas
ABSTRACT

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.

Key-words:
Technological Frontier
R&D
Innovation
Firms’ growth
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Copyright © 2015. Published by Elsevier Ltda. on behalf of Departamento de Administração Faculdade de Economia, Administração e Contabilidade Universidade de São Paulo ¿ FEA/USP
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