Analysis of the correlation between the companies’ investment in research, development and profitability, and the countries’ competitiveness and innovation capability

Autores

DOI:

https://doi.org/10.20397/2177-6652/2020.v20i3.1944

Palavras-chave:

Research and Development, Competitiveness, Innovation, Profitability

Resumo

This study aims at analyzing the correlation between R&D investment percentage and the companies’ profitability percentage with the countries’ innovation competitiveness and capability scores. It also aims at identifying whether the companies which invest the most in R&D and the most profitable ones are located in countries with the highest levels of competitiveness and innovation capability. The indexes of R&D investment and companies’ profitability were extracted from the 2018 EU Industrial R&D Investment Scoreboard issue, and the scores for the countries’ competitiveness and innovation capability were extracted from the 2018 Global Competitiveness Report. The correlation between the variables were analyzed with the use of i) two-way ANOVA, to check the influence of two different categorical independent variables; ii) Tukey’s post-hoc test, to identify the position of the meaningful differentials. Four hypotheses were raised to analyze the interest correlations. After applying ANOVA in the correlations, it was possible to see that none of them were statistically significant. This study’s finding showed that the companies which invest the most in R&D and the most profitable ones are not necessarily located in countries that are the most competitive and which have the highest innovation capability scores, which goes against some studies that stated that company innovations are important for the development of the country where they are located. The fact the hypotheses were not confirmed makes the study relevant, for it confirms that new studies on companies’ innovation and competitiveness in the countries must be carried out.

Biografia do Autor

Ana Lucia Brenner Barreto Miranda, UNIVERSIDADE FEDERAL RURAL DO SEMI ÁRIDO

Doutoranda em Administração pela Universidade Potiguar (UNP/RN). PositivMestrado em Administração pela Universidade Federal do Rio Grande do Norte. Graduação em Administração Rural pela Faculdades Positivo. Professora efetiva da Universidade Federal Rural do Semi-Árido (UFERSA), Brasil.

Cristine Hermann Nodari, Universidade Potiguar - UNP

Pós-Doutorado em Inovação pelo Programa Nacional de Pós-Doutorado da Coordenação de Aperfeiçoamento de Pessoal de Nível Superior (PNPD/CAPES). Doutora em Administração pela Pontifícia Universidade Católica do Rio Grande do Sul (PUCRS), Brasil e pela Universidade de Caxias do Sul (UCS) Brasil, Bolsista do Programa de Suporte à Pós-Graduação de Instituições de Ensino Particulares da Coordenação de Aperfeiçoamento de Pessoal de Nível Superior (PROSUP/CAPES). Mestra em Administração pela Universidade de Caxias do Sul (UCS), Brasil. Especialista em Gestão Empresarial pela Fundação Getúlio Vargas (FGV) Brasil. Graduação em Administração pela Universidade do Vale do Rio dos Sinos (UNISINOS). Principais temas de interesse e linhas de pesquisa: Inovação: Competitividade e Mercado

 

Liana Holanda Nepomuceno Nobre, Universidade Federal Rural do Semi Árido

Doutorado em Administração pela Pontifícia Universidade Católica do Paraná, Brasil. Professora Adjunta da Universidade Federal Rural do Semiárido (UFERSA), Brasil. Ensina métodos quantitativos e finanças corporativas, e lidera um projeto de pesquisa em avaliação de riscos com estudantes de graduação e pós-graduação. Seus interesses de pesquisa são decisões de financiamento e de financiamento, sob a perspectiva das finanças comportamentais. 

Serje Schmidt, Universidade Feevale

Doutor em Economía de L'empresa pela Universitat de Les Illes Balears, Espanha e um segundo doutorado em Administração na UNISINOS, Brasil. Professor titular do Mestrado Acadêmico em Administração da Universidade Feevale, Brasil.

Referências

Abrantes, L. M., Pereira, E. T., & Botelho, A. (2020). The impact of R&D incentives in the competitiveness of Portuguese SMEs. International Journal of Business Innovation and Research, 21(3), 336-355.

Amorós, J. E., Poblete, C., & Mandakovic, V. (2019). R&D transfer, policy and innovative ambitious entrepreneurship: evidence from Latin American countries. The Journal of Technology Transfer, 44(5), 1396-1415.

Buesa, M., Heijs, J. and Baumert, T. (2010), “The determinants of regional innovation in Europe: a combined factorial and regression knowledge production function approach”, Research Policy, Vol. 39 No. 6, pp. 722-735, doi: 10.1016/j.respol.2010.02.016.

Cheng, C. C., & Huizingh, E. K. (2014). When is open innovation beneficial? The role of strategic orientation. Journal of product innovation management, 31(6), 1235-1253.

Coad, A., & Rao, R. (2006). Innovation and market value: a quantile regression analysis. Economics Bulletin, 15(13).

Coad, A., & Grassano, N. (2019). Firm growth and R&D investment: SVAR evidence from the world’s top R&D investors. Industry and Innovation, 26(5), 508-533.

DOI: 10.1080/13662716.2018.1459295

Crecente-Romero, F., Giménez-Baldazo, M., & del Val-Núñez, M. T. (2019). Competitiveness and entrepreneurship rate in Europe during the economic recovery phase, 2012–2016. International Entrepreneurship and Management Journal, 15(2), 455-470.

Farinha, L., Ferreira, J. J., & Nunes, S. (2018). Linking innovation and entrepreneurship to economic growth. Competitiveness Review: An International Business Journal, 28(4), 451-475. https://doi.org/10.1108/CR-07-2016-0045

Farinha, L., Nunes, S., Ferreira, J. J., & Fernandes, A. (2018). Understanding the foundations of global competitive advantage of nations. Competitiveness Review: An International Business Journal, 28(5), 503-517. https://doi.org/10.1108/CR-10-2016-0063

Feldman, P. R., Jacomossi, R. R., Barrichello, A., & Morano, R. S. (2019). The relationship between Innovation and Global Competitiveness: The mediating role of Management Practices evaluated by Structural Equation Modeling. Review of Business Management, 21(2), 195-212.

Fernández-Sastre, J., & Montalvo-Quizhpi, F. (2019). The effect of developing countries' innovation policies on firms' decisions to invest in R&D. Technological Forecasting and Social Change, 143, 214-223. https://doi.org/10.1016/j.techfore.2019.02.006

Francis, A. (1992), “The process of national industrial regeneration and competitiveness”, Strategic Management Journal, Vol. 13 No. S2, pp. 61-78.

Garelli, S. (2003), “Competitiveness of nations: the fundamentals”, IMD World Competitiveness Yearbook, Lausanne.

Global Competitive Report 2018. http://www3.weforum.org/docs/GCR2018/05FullReport/TheGlobalCompetitivenessReport2018.pdf

Grau, A., & Reig, A. (2020). Operating leverage and profitability of SMEs: agri-food industry in Europe. Small Business Economics, 1-22.

Haj Youssef, M. S., Hussein, H. M., & Christodoulou, I. (2019). Competitiveness and managerial discretion: an empirical investigation at the national-level. Competitiveness Review: An International Business Journal, 29(2), 181-203. https://doi.org/10.1108/CR-01-2017-0011

Kalim, R., Arshed, N. and Shaheen, S. (2019), "Does competitiveness moderate inclusive growth: a panel study of low-income countries", Competitiveness Review, Vol. 29 No. 2, pp. 119-138. https://doi.org/10.1108/CR-11-2017-0074

Karadayi, M. A., & Ekinci, Y. (2019). Evaluating R&D performance of EU countries using categorical DEA. Technology Analysis & Strategic Management, 31(2), 227-238.

Kiseľáková, D., Šofranková, B., Čabinová, V., & Onuferová, E. (2018). Competitiveness and sustainable growth analysis of the EU countries with the use of Global Indexes' methodology.

Korauš, A., Mazák, M., & Dobrovič, J. (2018). Quantitative analysis of the competitiveness of Benelux countries. Entrepreneurship and Sustainability Issues 5(4): 1069-1083. http://doi.org/10.9770/jesi.2018.5.4(26)

Novikov, S., Amirova, E., Kosykh, E., Chudinovskikh, M., & Nikolaevskaya, O. (2019). Strategic planning and management of high-tech developments and innovative technical solutions. Research in World Economy, 10(3), 309-314. doi:10.5430/rwe.v10n3p309

Peng, D. X., Schroeder, R. G., & Shah, R. (2008). Linking routines to operations capabilities: A new perspective. Journal of operations management, 26(6), 730-748.

Rocha, L. A., Dal Poz, M. E., de Almeida, C. A. S., & de Oliveira, D. M. (2015). O Impacto dos esforços inovativos no desempenho econômico-financeiro das empresas. RAI Revista de Administração e Inovação, 12(3), 82-108.

Rosenbaum, E. (2011), “Competitiveness rankings of European countries – how much do they tell us?”, Intereconomics, Vol. 46 No. 2, pp. 82-90, doi: 10.1007/s10272-011-0368-5.

Sala-i-Marti ̈n, X., Bilbao-Osorio, B., Blanke, J., Hanouz, M.D., Geiger, T. and Ko, C. (2014), “The global competitiveness index 2014-2015: accelerating a robust recovery to create productive jobs and support inclusive growth”, in Schwab, K. (Ed.), The Global Competitiveness Report 2014-2015: Full Data Edition, World Economic Forum, Geneva, pp. 3-52.

Spescha, A., & Woerter, M. (2019). Innovation and firm growth over the business cycle. Industry and Innovation, 26(3), 321-347.

Tsamadias, C., Pegkas, P., Mamatzakis, E., & Staikouras, C. (2019). Does R&D, human capital and FDI matter for TFP in OECD countries?. Economics of Innovation and New Technology, 28(4), 386-406.

Yoon, D. (2018). The expected effect analysis for the government R&D investment of research equipment. Polish Journal of Management Studies, 17.

Wang, E. C., & Huang, W. (2007). Relative efficiency of R&D activities: A cross-country study accounting for environmental factors in the DEA approach. Research policy, 36(2), 260-273.

Downloads

Publicado

2020-09-11

Como Citar

Miranda, A. L. B. B., Nodari, C. H., Nobre, L. H. N., & Schmidt, S. (2020). Analysis of the correlation between the companies’ investment in research, development and profitability, and the countries’ competitiveness and innovation capability. Revista Gestão & Tecnologia, 20(3), 35–58. https://doi.org/10.20397/2177-6652/2020.v20i3.1944

Edição

Seção

ARTIGO