Digital transformation and innovation, dynamic capabilities to strengthen the financial performance of Mexican SMEs: a sustainable approach
AbstractThe main purpose of the research is to analyze the effect that digital transformation has on technological and non-technological innovation as key factors that increase financial performance in SMEs. The study focuses on a sample of 4121 SMEs from the services, trade and manufacturing sector...
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| Format: | Article |
| Language: | English |
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Taylor & Francis Group
2024-12-01
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| Series: | Cogent Business & Management |
| Subjects: | |
| Online Access: | https://www.tandfonline.com/doi/10.1080/23311975.2024.2318635 |
| _version_ | 1797277003032821760 |
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| author | Luis Enrique Valdez-Juárez Elva Alicia Ramos-Escobar Oscar Ernesto Hernández-Ponce José Alonso Ruiz-Zamora |
| author_facet | Luis Enrique Valdez-Juárez Elva Alicia Ramos-Escobar Oscar Ernesto Hernández-Ponce José Alonso Ruiz-Zamora |
| author_sort | Luis Enrique Valdez-Juárez |
| collection | DOAJ |
| description | AbstractThe main purpose of the research is to analyze the effect that digital transformation has on technological and non-technological innovation as key factors that increase financial performance in SMEs. The study focuses on a sample of 4121 SMEs from the services, trade and manufacturing sectors, located in Mexico. The data was collected through an online questionnaire addressed to the SMEs manager through the LimeSurvey platform. The field work will be carried out from January to July 2022. The PLS-SEM statistical technique was used to test the hypotheses of the proposed theoretical model. The data show that digital transformation plays an important role in a more decisive way in technological innovation and non-technological innovation; In addition, it is also proven that innovation in its two modalities has significant effects on the financial performance results of Mexican SMEs. However, we have found that digital transformation has a small effect on the financial performance of these companies. On the other hand, the study shows that the sustainability strategy plays the role of a moderating variable, positively affecting technological innovation and non-technological innovation. Furthermore, the study explains that the male gender is the one that has had the best results in innovation and financial performance. The study contributes to the development of the theory of dynamic capabilities supported by the innovation model (DUI and STI). |
| first_indexed | 2024-03-07T15:38:28Z |
| format | Article |
| id | doaj.art-3cf5f240091e42909ffc07298fd2b046 |
| institution | Directory Open Access Journal |
| issn | 2331-1975 |
| language | English |
| last_indexed | 2024-03-07T15:38:28Z |
| publishDate | 2024-12-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | Cogent Business & Management |
| spelling | doaj.art-3cf5f240091e42909ffc07298fd2b0462024-03-05T09:24:06ZengTaylor & Francis GroupCogent Business & Management2331-19752024-12-0111110.1080/23311975.2024.2318635Digital transformation and innovation, dynamic capabilities to strengthen the financial performance of Mexican SMEs: a sustainable approachLuis Enrique Valdez-Juárez0Elva Alicia Ramos-Escobar1Oscar Ernesto Hernández-Ponce2José Alonso Ruiz-Zamora3Department of Business and Economics Sciences, Technological Institute of Sonora Mexico, Guaymas, MexicoDepartment of Business and Economics Sciences, Technological Institute of Sonora Mexico, Guaymas, MexicoDepartment of Business and Economics Sciences, Technological Institute of Sonora Mexico, Guaymas, MexicoDepartment of Business and Economics Sciences, Technological Institute of Sonora Mexico, Guaymas, MexicoAbstractThe main purpose of the research is to analyze the effect that digital transformation has on technological and non-technological innovation as key factors that increase financial performance in SMEs. The study focuses on a sample of 4121 SMEs from the services, trade and manufacturing sectors, located in Mexico. The data was collected through an online questionnaire addressed to the SMEs manager through the LimeSurvey platform. The field work will be carried out from January to July 2022. The PLS-SEM statistical technique was used to test the hypotheses of the proposed theoretical model. The data show that digital transformation plays an important role in a more decisive way in technological innovation and non-technological innovation; In addition, it is also proven that innovation in its two modalities has significant effects on the financial performance results of Mexican SMEs. However, we have found that digital transformation has a small effect on the financial performance of these companies. On the other hand, the study shows that the sustainability strategy plays the role of a moderating variable, positively affecting technological innovation and non-technological innovation. Furthermore, the study explains that the male gender is the one that has had the best results in innovation and financial performance. The study contributes to the development of the theory of dynamic capabilities supported by the innovation model (DUI and STI).https://www.tandfonline.com/doi/10.1080/23311975.2024.2318635Digital transformationtechnological/non-technological innovationSMEsJeffrey Muldoon, Emporia State University, United StatesInnovation Models Business |
| spellingShingle | Luis Enrique Valdez-Juárez Elva Alicia Ramos-Escobar Oscar Ernesto Hernández-Ponce José Alonso Ruiz-Zamora Digital transformation and innovation, dynamic capabilities to strengthen the financial performance of Mexican SMEs: a sustainable approach Cogent Business & Management Digital transformation technological/non-technological innovation SMEs Jeffrey Muldoon, Emporia State University, United States Innovation Models Business |
| title | Digital transformation and innovation, dynamic capabilities to strengthen the financial performance of Mexican SMEs: a sustainable approach |
| title_full | Digital transformation and innovation, dynamic capabilities to strengthen the financial performance of Mexican SMEs: a sustainable approach |
| title_fullStr | Digital transformation and innovation, dynamic capabilities to strengthen the financial performance of Mexican SMEs: a sustainable approach |
| title_full_unstemmed | Digital transformation and innovation, dynamic capabilities to strengthen the financial performance of Mexican SMEs: a sustainable approach |
| title_short | Digital transformation and innovation, dynamic capabilities to strengthen the financial performance of Mexican SMEs: a sustainable approach |
| title_sort | digital transformation and innovation dynamic capabilities to strengthen the financial performance of mexican smes a sustainable approach |
| topic | Digital transformation technological/non-technological innovation SMEs Jeffrey Muldoon, Emporia State University, United States Innovation Models Business |
| url | https://www.tandfonline.com/doi/10.1080/23311975.2024.2318635 |
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