Effects of innovativeness and investments in innovation and invironment on the performance of brazilian and spanish companies

DOI: https://doi.org/10.4025/enfoque.v40i1.48249

Abstract

This study aimed to analyze the impacts of innovativeness and investments in innovation and environment on the performance of Brazilian and Spanish companies. This is a descriptive and quantitative research, in which multiple linear regression analyzes were performed. Measures of performance in value, measured by Tobin’s Q, and performance in profit, measured by EBITDA, were adopted as dependent variables. The sample comprises 75 publicly traded companies, in which 41 are Brazilian and 34 are Spanish, from 2011 to 2016. The results indicate a positive effect of innovativeness and investments in innovation in value performance in Brazilian companies. In relation to Spanish companies, there was a positive influence only of innovativeness on performance in value. Also, it was verified that the environmental investments of Brazilian companies positively influenced the performance in value and profit, whereas, in the Spanish companies, effects of these investments were only verified in the performance in value. In conclusion, in general terms, the innovative and environmental actions positively impacted the performance of the companies investigated.

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Author Biographies

Ivaneide Ferreira Farias, Secretaria da Educação do Estado do Ceará (SEDUC/CE)

Mestra em Administração e Controladoria pela Universidade Federal do Ceará (UFC). Professora da Secretaria da Educação do Estado do Ceará (SEDUC/CE).

Clayton Robson Moreira da Silva, Instituto Federal de Educação, Ciência e Tecnologia do Piauí (IFPI)

Doutorando e Mestre em Administração e Controladoria pela Universidade Federal do Ceará (UFC). Professor do Instituto Federal de Educação, Ciência e Tecnologia do Piauí (IFPI).

Jackeline Lucas Souza, Universidade Federal do Ceará (UFC)

Doutora em Engenharia Civil (Recursos Hídricos) pela Universidade Federal do Ceará (UFC). Professora da Universidade Federal do Ceará (UFC).

Alessandra Carvalho Vasconcelos, Universidade Federal do Ceará (UFC)

Doutora em Engenharia de Produção pela Universidade Federal de Santa Catarina (UFSC). Docente do Programa de Pós-Graduação em Administração e Controladoria da Universidade Federal do Ceará (UFC);

José Ednilson de Oliveira Cabral, Universidade de Fortaleza (UNIFOR)

Doutor em Economia da Tecnologia e Inovação pela University of Reading (UR), Reino Unido. Docente do Programa de Pós-graduação em Administração da Universidade de Fortaleza (UNIFOR).

Published
2020-11-20
How to Cite
Farias, I. F., Silva, C. R. M. da, Souza, J. L., Vasconcelos, A. C., & Cabral, J. E. de O. (2020). Effects of innovativeness and investments in innovation and invironment on the performance of brazilian and spanish companies. Enfoque: Reflexão Contábil, 40(1), 119-135. https://doi.org/10.4025/enfoque.v40i1.48249
Issue
Vol 40 No 1 (2021): Enf.: Ref. Cont.
Section
Original Articles

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