Determinants of the degree of innovation in the industries listed on the B3

Rafael Sales Almendra; Gésio de Lima Veras; Ruthelle Maria de Carvalho Sousa; Alisson Araújo Andrade Silva; Mário Jorge Campos dos Santos; Denise Santos Ruzene; Daniel Pereira Silva

doi:10.31686/ijier.vol10.iss4.3718

Authors

Rafael Sales Almendra Universidade Federal de Sergipe
Gésio de Lima Veras Universidade Federal de Sergipe
Ruthelle Maria de Carvalho Sousa Federal Institute of Education, Science and Technology of Piauí
Alisson Araújo Andrade Silva Federal University of Paraíba
Mário Jorge Campos dos Santos Universidade Federal de Sergipe
Denise Santos Ruzene Universidade Federal de Sergipe
Daniel Pereira Silva Universidade Federal de Sergipe

DOI:

https://doi.org/10.31686/ijier.vol10.iss4.3718

Keywords:

Exploitation, Exploration, Synergy

Abstract

The study aims to identify the determinants of the degree of innovation of industries listed on the Brazilian Stock Exchange - B3. To this end, it used as sample 129 industries that trade their shares on the B3. From the principal component analysis, it was found that the innovation indicators are combined into two distinct factors. Therefore, it can be said that the degree of innovation of the firms takes into account the combination of indicators referring to the innovation strategies of exploitation and exploration, and, by encompassing two distinct factors, it is valid to mention that the degree of innovation has a two-dimensional character, suggesting the existence of a synergy between the innovation strategies.

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