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Advisor(s)
Abstract(s)
O tema da inovação considerando a literatura existente, é um tema muito abordado até ao momento, pelo que, mereceu uma crescente atenção por parte da área de investigação.
A inovação é vista como um fator essencial para o sucesso das empresas, dado que, dota as mesmas de vantagens competitivas que lhes possibilita superar desafios concorrenciais. No entanto, a relação entre inovação e desempenho financeiro das empresas é um tema complexo e sujeito a diferentes interpretações. Embora hajam pesquisas significativas sobre o tema a inovação é difícil de medir e quantificar, como tal, a literatura ainda não chegou a uma conclusão definitiva no que diz respeito ao impacto da inovação na performance financeira das empresas.
Este estudo analisou as “PME Líder” Portuguesas. O principal objetivo deste trabalho foi analisar o impacto da inovação empresarial sobre a performance financeira das empresas, estudando a possível relação entre o investimento feito em inovação e o desempenho financeiro das PME Líder entre 2015 a 2022. Adicionalmente, faz-se uma análise se esse impacto foi mais acentuado nas “PME Líder” do que nas restantes PME.
Neste estudo, utilizou-se a intensidade dos ativos intangíveis como proxy da inovação, isto foi realizado através do cálculo do rácio entre o total dos ativos intangíveis e o total dos ativos da empresa. Utilizou-se ainda como proxy da rentabilidade a rentabilidade do ativo e a rentabilidade do capital próprio.
Os dados para a realização do estudo foram recolhidos a partir das bases de dados SABI e IAPMEI, nos resultados obtidos foi utilizada a metodologia de dados em painel, uma vez que, foi relacionado uma variável dependente quantitativa em função de várias variáveis independentes e de controlo.
Os resultados da dissertação indicaram que o impacto da inovação empresarial na performance financeira das PME Líder portuguesas foi positivo e validado, porém, apenas nos testes realizados com desfasagem temporal de 1 e 2 anos. Os testes sem desfasagem não apresentaram evidências suficientes para a validação.
Considering the existing literature, the topic of innovation is one that has been covered a lot so far, and has therefore received increasing attention from the research field. Innovation is seen as an essential factor for the success of companies, as it gives them competitive advantages that enable them to overcome competitive challenges. However, the relationship between innovation and companies' financial performance is a complex subject and subject to different interpretations. Although there is significant research on the subject, innovation is difficult to measure and quantify, so the literature has yet to reach a definitive conclusion regarding the impact of innovation on companies' financial performance. This study analyzed Portuguese “SME Leaders”. The main objective of this work was to analyze the impact of business innovation on the financial performance of companies, studying the possible relationship between investment in innovation and the financial performance of SME Leaders between 2015 and 2022. In addition, an analysis is made of whether this impact was more pronounced in the “Leading SMEs” than in the other SMEs. In this study, the intensity of intangible assets was used as a proxy for innovation by calculating the ratio between total intangible assets and the company's total assets. Return on assets and return on equity were also used as proxies for profitability. The data for the study was collected from the SABI and IAPMEI databases, and the results obtained used panel data methodology, since a quantitative dependent variable was related to several independent and control variables. The results of the dissertation indicated that the impact of business innovation on the financial performance of leading Portuguese SMEs was positive and validated, but only in the tests carried out with a time lag of 1 and 2 years. The tests without a time lag did not provide sufficient evidence for validation.
Considering the existing literature, the topic of innovation is one that has been covered a lot so far, and has therefore received increasing attention from the research field. Innovation is seen as an essential factor for the success of companies, as it gives them competitive advantages that enable them to overcome competitive challenges. However, the relationship between innovation and companies' financial performance is a complex subject and subject to different interpretations. Although there is significant research on the subject, innovation is difficult to measure and quantify, so the literature has yet to reach a definitive conclusion regarding the impact of innovation on companies' financial performance. This study analyzed Portuguese “SME Leaders”. The main objective of this work was to analyze the impact of business innovation on the financial performance of companies, studying the possible relationship between investment in innovation and the financial performance of SME Leaders between 2015 and 2022. In addition, an analysis is made of whether this impact was more pronounced in the “Leading SMEs” than in the other SMEs. In this study, the intensity of intangible assets was used as a proxy for innovation by calculating the ratio between total intangible assets and the company's total assets. Return on assets and return on equity were also used as proxies for profitability. The data for the study was collected from the SABI and IAPMEI databases, and the results obtained used panel data methodology, since a quantitative dependent variable was related to several independent and control variables. The results of the dissertation indicated that the impact of business innovation on the financial performance of leading Portuguese SMEs was positive and validated, but only in the tests carried out with a time lag of 1 and 2 years. The tests without a time lag did not provide sufficient evidence for validation.
Description
Keywords
Inovação Performance financeira PME líder Ativos intangíveis Innovation Financial performance Leading SME’s Intangibleassets