IMPACTO DEL AUTOFINANCIAMIENTO SOBRE LA INNOVACIÓN DE LAS MICRO, PEQUEÑAS Y MEDIANAS EMPRESAS COLOMBIANAS

Innovation is a dynamic capacity that generates sustainable competitive advantages and requires adequate financing for its development. The central objective of this paper is to determine and describe how the internal or self-financing influences on the innovation of micro,...

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Main Authors: Edgar Julián Gálvez-Albarracín, José Zacarías Mayorga Sánchez, Ana Raquel Chávez Hernández
Format: Article
Language:English
Published: Universidad Libre 2018-12-01
Series:Revista Criterio Libre
Subjects:
Online Access:https://revistas.unilibre.edu.co/index.php/criteriolibre/article/view/5011/4280
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author Edgar Julián Gálvez-Albarracín
José Zacarías Mayorga Sánchez
Ana Raquel Chávez Hernández
author_facet Edgar Julián Gálvez-Albarracín
José Zacarías Mayorga Sánchez
Ana Raquel Chávez Hernández
author_sort Edgar Julián Gálvez-Albarracín
collection DOAJ
description Innovation is a dynamic capacity that generates sustainable competitive advantages and requires adequate financing for its development. The central objective of this paper is to determine and describe how the internal or self-financing influences on the innovation of micro, small and medium enterprises (MSMEs) in Colombia. For this, a study was carried out with 1201 organizations established in nine cities of the country. The descriptive results show that Colombian MSMEs primarily use their own resources for their investments, and the inferential results obtained through linear regressions indicate that self-financing influences positively and significantly their overall innovation, as well as that of their products / services, production processes and management. The findings of this research are important for employers and their associations, for academia and for public and private entities that promote economic and business development
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spelling doaj.art-6a7c3a67eccb42ba9d023f63a3791a612022-12-22T00:24:39ZengUniversidad LibreRevista Criterio Libre1900-06422323-08862018-12-011629121139https://doi.org/10.18041/1900-0642/criteriolibre.2018v16n29.5011IMPACTO DEL AUTOFINANCIAMIENTO SOBRE LA INNOVACIÓN DE LAS MICRO, PEQUEÑAS Y MEDIANAS EMPRESAS COLOMBIANASEdgar Julián Gálvez-Albarracín0José Zacarías Mayorga Sánchez1Ana Raquel Chávez Hernández2Universidad del Valle, Cali, ColombiaUniversidad Libre, Bogotá, ColombiaUniversidad Autónoma de AguascalientesInnovation is a dynamic capacity that generates sustainable competitive advantages and requires adequate financing for its development. The central objective of this paper is to determine and describe how the internal or self-financing influences on the innovation of micro, small and medium enterprises (MSMEs) in Colombia. For this, a study was carried out with 1201 organizations established in nine cities of the country. The descriptive results show that Colombian MSMEs primarily use their own resources for their investments, and the inferential results obtained through linear regressions indicate that self-financing influences positively and significantly their overall innovation, as well as that of their products / services, production processes and management. The findings of this research are important for employers and their associations, for academia and for public and private entities that promote economic and business developmenthttps://revistas.unilibre.edu.co/index.php/criteriolibre/article/view/5011/4280financinginnovationmsmes
spellingShingle Edgar Julián Gálvez-Albarracín
José Zacarías Mayorga Sánchez
Ana Raquel Chávez Hernández
IMPACTO DEL AUTOFINANCIAMIENTO SOBRE LA INNOVACIÓN DE LAS MICRO, PEQUEÑAS Y MEDIANAS EMPRESAS COLOMBIANAS
Revista Criterio Libre
financing
innovation
msmes
title IMPACTO DEL AUTOFINANCIAMIENTO SOBRE LA INNOVACIÓN DE LAS MICRO, PEQUEÑAS Y MEDIANAS EMPRESAS COLOMBIANAS
title_full IMPACTO DEL AUTOFINANCIAMIENTO SOBRE LA INNOVACIÓN DE LAS MICRO, PEQUEÑAS Y MEDIANAS EMPRESAS COLOMBIANAS
title_fullStr IMPACTO DEL AUTOFINANCIAMIENTO SOBRE LA INNOVACIÓN DE LAS MICRO, PEQUEÑAS Y MEDIANAS EMPRESAS COLOMBIANAS
title_full_unstemmed IMPACTO DEL AUTOFINANCIAMIENTO SOBRE LA INNOVACIÓN DE LAS MICRO, PEQUEÑAS Y MEDIANAS EMPRESAS COLOMBIANAS
title_short IMPACTO DEL AUTOFINANCIAMIENTO SOBRE LA INNOVACIÓN DE LAS MICRO, PEQUEÑAS Y MEDIANAS EMPRESAS COLOMBIANAS
title_sort impacto del autofinanciamiento sobre la innovacion de las micro pequenas y medianas empresas colombianas
topic financing
innovation
msmes
url https://revistas.unilibre.edu.co/index.php/criteriolibre/article/view/5011/4280
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