El efecto de la innovación en el resultado empresarial durante la recesión económica. Una aplicación a la industria de la automoción

The effect of innovation on business performance in economic downturn. An application to the automotive industry

Autores/as

  • Francisco M Somohano Rodríguez Universidad de Cantabria
  • José Manuel López Fernández Universidad de Cantabria
  • Francisco Javier Martínez García Universidad de Cantabria
DOI: https://doi.org/10.1016/j.rcsar.2017.11.001
Palabras clave: Innovación, Rendimiento, Cash flow, Divulgación, Actividad

Resumen

El objetivo de nuestra investigación es profundizar en el efecto de la competencia en la innovación y el resultado. Hemos aplicado el análisis en un sector caracterizado por la intensidad tecnológica de las cadenas de producción: los fabricantes de componentes del sector de la automoción español. Hemos utilizado los datos del período de la recesión económica de 2008 para reducir el efecto del desfase del rendimiento de la innovación. La muestra incluyó un total de 920 empresas (81% pymes y 19% grandes empresas). En el contexto de la recesión económica de 2008 se observa que las empresas que innovan menos experimentan peores resultados y, lo que es más importante, que existe un umbral de innovación a partir del cual la productividad marginal es decreciente. Desde los enfoques teóricos utilizados, y en nuestra opinión, marca el límite entre el paradigma estructura-conducta-resultado y el enfoque basado en los recursos y las capacidades.

Descargas

Los datos de descargas todavía no están disponibles.

Biografía del autor/a

Francisco M Somohano Rodríguez, Universidad de Cantabria

Departamento de Administración de Empresas, Universidad de Cantabria, Santander, España

José Manuel López Fernández, Universidad de Cantabria

Departamento de Administración de Empresas,Universidad de Cantabria, Santander, España

Francisco Javier Martínez García, Universidad de Cantabria

Departamento de Administración de Empresas, Universidad de Cantabria, Santander, España

Citas

Acharya y Xu, 2017: Financial dependence and innovation: The case of public versus private firms Journal of Financial Economics, 124 (2017), pp. 223-243

Adler, 1989: Technology strategy: A guide to literature Research on technological innovation, management and policy, pp. 25-151

Aghion et al., 2005: Competition and innovation: An inverted-U relationship The Quarterly Journal of Economics, 120 (2005), pp. 701-728

Aly et al., 2010: Determinants of corporate internet reporting: Evidence from Egypt Managerial Auditing Journal, 25 (2010), pp. 182-202

Bamiatzi et al., 2016: Revisiting the firm, industry, and country effects on profitability under recessionary and expansion periods: A multilevel analysis Strategic Management Journal, 22 (2016), pp. 1-26

Barney, 1991: Firm resources and sustained competitive advantage Journal of Management, 17 (1991), pp. 99-120

Barney y Arikan, 2001: The resource-based view: Origins and implications. The Blackwell handbook of strategic management Blackwell, (2001)

Benner y Tushman, 2003: Exploitation, exploration, and process management: The productivity dilemma revisited Academy of Management Review, 28 (2003), pp. 238-256

Bowman y Helfat, 2001: Does corporate strategy matter? Strategic Management Journal, 22 (2001), pp. 1-26

Broekaert et al., 2016: Innovation processes in family firms: The relevance of organizational flexibility Small Business Economics, 47 (2016), pp. 771-785

Calantone et al., 2002: Learning orientation, firm innovation capability, and firm performance Industrial Marketing Management, 31 (2002), pp. 515-524

Callen y Morel, 2005: The valuation relevance of R&D expenditure: Time series evidence International Review of Financial Analysis, 14 (2005), pp. 304-325

Camisón y Villar-López, 2014: Organizational innovation as an enabler of technological innovation capabilities and firm performance Journal of Business Research, 67 (2014), pp. 2891-2902

Cho y Pucik, 2005: Relationship between innovativeness, quality, growth, profitability, and market value Strategic Management Journal, 26 (2005), pp. 555-575

Coombs y Bierly, 2006: Measuring technological capability and performance R&D Management, 36 (2006), pp. 421-438

Crossan y Apaydin, 2010: A multi-dimensional framework of organization innovation: A systematic review of the literature Journal of Management Studies, 47 (2010), pp. 1154-1191

Daft y Lengel, 1986: Organizational information requirements, media richness and structural design Management Science, 32 (1986), pp. 554-571

Damanpour, 1991: Organizational innovation: A meta-analysis of effects of determinants and moderators Academy of Management Journal, 34 (1991), pp. 555-590

Damanpour, 1996: Organizational complexity and innovation: Developing and testing multiple contingency models Management Science, 42 (1996), pp. 693-716

Damanpour y Aravind, 2011: Managerial innovation: conceptions, processes and antecedents Management and Organization Review, 8 (2011), pp. 423-454

Dechow, 1994: Accounting earnings and cash flows as measures of firm performance: The role of accounting accruals Journal of Accounting and Economics, 18 (1994), pp. 3-42

Dierickx y Cool, 1989: Asset stock accumulation and sustainability of competitive advantage Management Science, 35 (1989), pp. 1504-1511

DiMaggio y Powell, 1983: The iron cage revisited-Institutional isomorphism and collective rationality in organizational fields American Sociological Association, (1983)pp. 147-160

Dosi, 1982: Technological paradigms and technological trajectories: A suggested interpretation of the directions of technical change Research Policy, 11 (1982), pp. 147-162

Dunk, 2011: Product innovation, budgetary control, and the financial performance of firms The British Accounting Review, 43 (2011), pp. 102-111

Ettlie, 2006: Managing innovation: New technology Elsevier Science & Technology, (2006)

Etzion y Pe’er, 2014: Mixed signals: A dynamic analysis of warranty provision in the automotive industry, 1960-2008 Strategic Management Journal, 35 (2014), pp. 1605-1625

Galbraith, 1977: Organization design Addison Wesley Publishing Company, (1977)

García-Meca et al., 2005: The explanatory factors of intellectual capital disclosure to financial analysts European Accounting Review, 14 (2005), pp. 63-94

García, 2005: García, D. (2005). Estrategia e innovación de la pyme industrial en España. AECA, Dirección General de Política de la Pyme, Ministerio de Economía y Hacienda.

García-Sánchez et al., 2014: What doesn’t kill you makes you stronger: The evolution of competition and entry-order advantages in economically turbulent contexts Strategic Management Journal, 35 (2014), pp. 1972-1992

Goddard et al., 2009: Sources of variation in firm profitability and growth Journal of Business Research, 62 (2009), pp. 495-508

Greve y Seidel, 2015: The thin red line between success and failure: Path dependence in the diffusion of innovative production technologies Strategic Management Journal, 36 (2015), pp. 475-496

Grossman, 1981a: An introduction to the theory of rational expectations under asymmetric information The Review of Economic Studies, 48 (1981), pp. 541-559

Grossman, 1981b: The informational role of warranties and private disclosure about product quality Journal of Law and Economics, 24 (1981), pp. 461-483

Haans et al., 2016: Thinking about U: Theorizing and testing U-and inverted U- shaped relationships in strategy research Strategic Management Journal, 37 (2016), pp. 1177-1195

Hall et al., 2009: Innovation and productivity in SMEs: Empirical evidence for Italy Small Business Economics, 33 (2009), pp. 13-33

Harrison et al., 1991: Synergies and post-acquisition performance: Differences versus similarities in resource allocations Journal of Management, 17 (1991), pp. 173-190

Helfat, 2000: Guest editor's introduction to the special issue: The evolution of firm capabilities Strategic Management Journal, 21 (2000), pp. 955-959

Ittner y Larcker, 1998a: Are nonfinancial measures leading indicators of financial performance? An analysis of customer satisfaction Journal of Accounting Research, 36 (1998), pp. 1-35

Ittner y Larcker, 1998b: Innovations in performance measurement: Trends and research implications Journal of Management Accounting Research, 10 (1998), pp. 205-238

Jalonen, 2012: The uncertainty of innovation: A systematic review of the literature Journal of Management Research, 4 (2012),

Jean et al., 2014: The effects of supplier involvement and knowledge protection on product innovation in customer-supplier relationships: A study of global automotive suppliers in China Journal of Product Innovation Management, 31 (2014), pp. 98-113

Kallapur y Kwan, 2004: The value relevance and reliability of brand assets recognized by UK firms The Accounting Review, 79 (2004), pp. 151-172

Kim y Bettis, 2014: Cash is surprisingly valuable as a strategic asset Strategic Management Journal, 35 (2014), pp. 2053-2063

Khan y Ismail, 2011: The level of internet financial reporting of Malaysian companies Asian Journal of Accounting & Governance, 2 (2011), pp. 27-39 http://dx.doi.org/10.3390/nu10010040

Kollmer y Dowling, 2004: Licensing as a commercialization strategy for new technology-based firms Research Policy, 33 (2004), pp. 1141-1151

Lawson et al., 2015: Improving supplier new product development performance: The role of supplier development Journal of Product Innovation Management, 32 (2015), pp. 777-792

Liao y Rice, 2010: Innovation investments, market engagement and financial performance: A study among Australian manufacturing SMEs Research Policy, 39 (2010), pp. 117-125

Lipparini et al., 2014: From core to periphery and back: A study on the deliberate shaping of knowledge flows in interfirm dyads and networks Strategic Management Journal, 35 (2014), pp. 578-595

Lippman y Rumelt, 2003: The payments perspective: Micro-foundations of resource analysis Strategic Management Journal, 24 (2003), pp. 903-927

Malerba, 2002: Sectoral systems of innovation and production Research Policy, 31 (2002), pp. 247-264

Mascarenhas y Aaker, 1989: Strategy over the business cycle Strategic Management Journal, 10 (1989), pp. 199-210

McGahan y Porter, 1997: How much does industry matter, really? Strategic Management Journal, 18 (1997), pp. 15-30 (Summer Special Issue)

McGahan y Porter, 2005: Comment on industry, corporate and business-segment effects and business performance: A non-parametric approach by Ruefli and Wiggins Strategic Management Journal, 26 (2005), pp. 873-880

Miles y Snow, 1978: Organizational strategy, structure and process West Publishing Company, (1978)

Milgrom y Roberts, 1988: An economic approach to influence activities in organizations American Journal of Sociology, 94 (1988), pp. S154-S179

Nagaoka y Walsh, 2009: Nagaoka, S. y Walsh, J.P. (2009). Commercialization and other uses of patents in Japan and the US: Major findings from the RIETI-Georgia Tech inventor survey. Resource Document. Research Institute of Economy, Trade and Industry (RIETI)

consultado 18 Sep 2015:. Disponible en: http://www.rieti.go.jp/jp/publications/dp/09e011.pdf

Nelson, 1991: Why do firms differ, and how does it matter? Strategic Management Journal, 12 (1991), pp. 61-74

Nelson, 2008: Why do firms differ, and how does it matter? A revisitation Seoul Journal of Economics, 21 (2008), pp. 607-619

Nelson y Winter, 1982: An evolutionary theory of economic change Harvard University Press, (1982)

Nielsen, 2017: The puzzle of measuring global value chains — The business statistics perspective International Economics, (2017), http://dx.doi.org/10.1016/j.inteco.2017.05.004

North, 1990: Institutions, institutional change and economic performance Cambridge University Press, (1990)

Palmié et al., 2016: Coordination mechanisms for international innovation in SMEs: Effects on time-to-market and R&D task complexity as a moderator Small Business Economics, 46 (2016), pp. 273-294

Peng et al., 2008: An institution-based view of international business strategy: A focus on emerging economies Journal of International Business Studies, 39 (2008), pp. 920-936

Porter, 1980: Competitive strategy: Techniques for analyzing industries and competitors Free Press, (1980)

Porter, 1985: Competitive advantage: Creating and sustaining superior performance Free Press, (1985)

Prahinski y Benton, 2004: Supplier evaluations: Communication strategies to improve supplier performance Journal of Operations Management, 22 (2004), pp. 39-62

Quigley y Graffin, 2017: Reaffirming the CEO effect is significant and much larger than chance: A comment on Fitza (2014) Strategic Management Journal, 38 (2017), pp. 793-801

Raff, 2000: Superstores and the evolution of firm capabilities in American bookselling Strategic Management Journal, 21 (2000), pp. 1043-1059

Ralston et al., 2015: A structure-conduct-performance perspective of how strategic supply chain integration affects firm performance Journal of Supply Chain Management, 51 (2015), pp. 47-64

Richard et al., 2009: Measuring organizational performance: Towards methodological best practice Journal of Management, 35 (2009), pp. 718-804

Rosenbusch et al., 2011: Is innovation always beneficial? A meta-analysis of the relationship between innovation and performance in SMEs Journal of Business Venturing, 26 (2011), pp. 441-457

Ruefli y Wiggins, 2003: Industry, corporate and business–segment effects and business performance: a non–parametric approach Strategic Management Journal, 24 (2003), pp. 861-879

Ruefli y Wiggins, 2005: Response to McGahan and Porter's commentary on industry, corporate and business-segment effects and business performance: A non-parametric approach Strategic Management Journal, 26 (2005), pp. 881-886

Rumelt, 1991: How much does industry matter? Strategic Management Journal, 12 (1991), pp. 167-185

Scapens, 1994: Never mind the gap: Towards an institutional perspective on management accounting practice Management Accounting Research, 5 (1994), pp. 301-321

Scherer, 1991: Changing perspectives on the firm size problem Innovation and technological change: An international comparison, pp. 24-38

Scherer et al., 1987: The validity of studies with line of business data: Comment The American Economic Review, 77 (1987), pp. 205-217

Schmalensee, 1978: A model of advertising and product quality Journal of Political Economy, 86 (1978), pp. 485-503

Schmalensee, 1985: Do markets differ much? The American Economic Review, 75 (1985), pp. 341-351

Schumpeter, 1942: Capitalism, socialism and democracy Harper & Brothers, (1942)

Shenhar et al., 1995: A two-dimensional taxonomy of products and innovations Journal of Engineering and Technology Management, 12 (1995), pp. 175-200

Spence, 1973: Job market signaling Quarterly Journal of Economics, 87 (1973), pp. 355-374

Takeishi, 2001: Bridging inter-and intra-firm boundaries: Management of supplier involvement in automobile product development Strategic Management Journal, 22 (2001), pp. 403-433

Talay et al., 2014: Coevolutionary dynamics of automotive competition: Product innovation, change, and marketplace survival Journal of Product Innovation Management, 31 (2014), pp. 61-78

Teece, 2014: The foundations of enterprise performance: Dynamic and ordinary capabilities in an (economic) theory of firms The Academy of Management Perspectives, 28 (2014), pp. 328-352

Teerziovski, 2010: Innovation practice and its performance implications in small and medium enterprises (SMEs) in the manufacturing sector: A resource-based view Strategic Management Journal, 31 (2010), pp. 892-902

Van Auken et al., 2008: Innovation and performance in Spanish manufacturing SMEs International Journal of Entrepreneurship and Innovation Management, 8 (2008), pp. 36-56

Vorhies et al., 2009: Product-market strategy and the marketing capabilities of the firm: Impact of market effectiveness and cash flow performance Strategic Management Journal, 30 (2009), pp. 1310-1334

Wasley y Wu, 2006: Why do managers voluntarily issue cash flow forecasts? Journal of Accounting Research, 44 (2006), pp. 389-429

Weigelt y Camerer, 1988: Reputation and corporate strategy: A review of recent theory and applications Strategic Management Journal, 9 (1988), pp. 443-454

Wernerfelt, 1988: Umbrella branding as a signal of new product quality: An example of signalling by posting a bond The RAND Journal of Economics, 19 (1988), pp. 458-466

White et al., 1976: Social structure from multiple networks. I. Blockmodels of roles and positions American Journal of Sociology, 81 (1976), pp. 730-780

Wiggins, 1997: Wiggins R.R. (1997). Sustained competitive advantage: Temporal dynamics and the rarity of persistent superior economic performance, Version presented at the Academy of Management 1997 Annual Meeting BPS Division. August, 1997.

Wiggins y Ruefli, 2005: Schumpeter's ghost: Is hypercompetition making the best of times shorter? Strategic Management Journal, 26 (2005), pp. 887-911

Williamson, 1983: Credible commitments: Using hostages to support exchange The American Economic Review, 73 (1983), pp. 519-540

Zott, 2003: Dynamic capabilities and the emergence of intra industry differential firm performance: Insights from a simulation study Strategic Management Journal, 24 (2003), pp. 97-125

Publicado
01-01-2018
Cómo citar
Somohano Rodríguez, F. M., López Fernández, J. M., & Martínez García, F. J. (2018). El efecto de la innovación en el resultado empresarial durante la recesión económica. Una aplicación a la industria de la automoción: The effect of innovation on business performance in economic downturn. An application to the automotive industry. Revista de Contabilidad - Spanish Accounting Review, 21(1), 91–105. https://doi.org/10.1016/j.rcsar.2017.11.001
Número
Sección
Artículos