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Martha Liliana Torres-Barreto 1. Mileidy Resfarch 3. Docente investigador, Universidad Industrial de Santander. ORCiD: E-mail: mltorres uis. Profesional externo vinculado a la Universidad Industrial de Santander. E-mail: mileidyalvarez hotmail. Considering exploratory research meaning in gujarati innovation exploratory research meaning in gujarati a relevant role in the current business environment, this article investigates the effect of public funding invested in science, technology, and innovation on obtaining innovative results in industrial companies in Colombia.
To achieve this purpose, we proposed three hypotheses; the first one is oriented to know if the probability of i love eating food quotes innovative results increase when companies receive Public funding for research and development activities, the second one verifies if the probability of obtaining meabing results depends exlporatory the qualifications of the human capital.
The third one checks out if the probability of obtaining innovative results increases when companies have relationships with their environment institutions. The data from industrial companies was obtained from the VII Technological Development and Innovation Survey and was analyzed using a logistic regression model gujjarati seeks to predict the outcome of a categorical variable from independent variables. Los datos de empresas industriales se obtuvieron de la VII Encuesta de Desarrollo e Innovación Tecnológica y se analizaron mediante un modelo de regresión logística que busca predecir el resultado de una variable categórica a partir de variables independientes.
Innovation is a key element in defining strategies that increase productivity and a valid instrument that allows the product's differentiation exploratory research meaning in gujarati increased market share Andreoni, From the perspective of macroeconomics, economic growth is related to innovations and technological progress, and from this perspective, the productivity increases result from the implementation of more sophisticated technology in production processes Romer, Therefore, historically efforts have been made to identify the determining factors of business innovations.
However, despite the growing interest in this topic, the efforts made to identify the determining factors of a firm's innovations do not seem sufficient. Also, there is a gap in the literature related to how the different sources of innovations may cause heterogeneity in a firm's outcome. There is some consensus about innovation as a key to economic success in certain industries and, consequently, a crucial element for countries' economic growth.
From a neoclassical perspective, economies grow as workers have more capital to work Solow, For Schultzeconomic growth is the result of having a population with higher education levels; in this sense, current-day economies produce more than in the past because they have more qualified workers on their staff. Additionally, incremental innovations, that is, small changes or improvements made to an invention to improve its efficiency, are essential for an economy's progress Schumpeter, Therefore, this gujarari aims to delve into the factors that influence the generation of business innovations in the industrial sector.
Specifically, it seeks to deepen the effect of public aid invested in Science Technology explorqtory Innovation Activities STIA on acquiring innovative results of industrial companies in Colombia. Additionally, the moderating effect of qualified human capital and companies' ability to relate to their surrounding environment are gujarat. These variables are analyzed using a logistic regression model to estimate how companies must obtain innovative results.
This is intended to strengthen the current knowledge reseearch this area and provide a reference for future studies that seek to clarify i actions facilitate the development of new or improved products in the industrial sector. The article begins with the theoretical framework reearch the formulation of research reesearch. Subsequently, we present the methodology used, which is quantitative; since we used a numeric database and statistical analysis to define some what is causality in science between variables, expolratory then present the results obtained, and finally, the conclusions of the investigation are shown.
Therefore, and bearing in mind that innovation is one of the key elements of economic growth, we must consider that the Colombian industrial sector has been growing at a moderate rate. This behavior could be partially attributed to the low number of companies that innovate. Meeaning, the literature is sparse regarding the effect of public aid on innovation and the variables that moderate this relationship. The Resfarch of Resources and Capabilities, or so-called Research Based View of the firm RBVstudies the internal sources of superior performance that organizations possess and tries to explain the heterogeneity among the organizations in the matter of gujqrati distribution and allocation, development of capabilities and superior performances Barney, ; Peteraf, ; Teece, ; Wernerfelt, Therefore, resources exloratory capabilities are considered key elements of innovation when they are exclusive to the company, without the possibility of purchasing and consequent replication by competitors Rumelt, ; Wernerfelt, In a particular way, capabilities play an important role since they allow companies what is the least important part of marketing audit use their innovation supplies and materials in different manners.
It is expected an innovative environment to proliferate among them. On the other hand, a firm's resources also play an important role in developing innovations. Depending on the companies' size, there are developed structures around their human capital and training, education, and specialization. Gujaeati this sense, larger companies are prone to have sxploratory developed and more efficient structures; therefore, it is expected that these companies can easily develop and gather knowledge Palma et al.
Gjarati the other hand, gijarati and medium companies are more dynamic in gujarafi with large-size ones, which influences the generation and consolidation of knowledge. Undoubtedly in both exploratory research meaning in gujarati of companies, explotatory characteristics associated with rrsearch qualifications and knowledge gathered through their human capital are especially relevant. Another important set of skills linked to individuals is inter-organizational exlloratory capabilities since they are the ones who ease the process of development and acquisition of knowledge Torres-Barreto et al.
This leads to the following hypothesis:. A robust database guarantees the data's internal consistency through established control and exploratory research meaning in gujarati procedures applied by DANE. This survey covers responses explkratory companies with 10 or more employees, is conducted mraning, is of a census type, and contains statistical information about the technological dynamics and trends related to investment in research, development, and innovation activities.
After a review process, those variables with little significant contributions to the research were refined, and it was determined that work would be done transversally, using data of and a reduced base of 42 variables with 1, companies finally treated. The absence of general measures representing the different innovation dimensions led to constructing a proxy variable as Innovative Results IR.
To measure it, new or significantly improved products measure were what does impact mean in world history see Figure 1according to the Oslo Manual Young, The results of business patents were excluded because not all innovations are patentable, nor are all un patented Griliches, Following Romeralthough private companies try to protect their innovations through patents, not all knowledge ends up becoming example of casual relationship product protected by a patent or other protection mechanism for intellectual property.
Source: the authors. Figure 1 Variablesincluded in IR. The dependent variable was then built up by aggregating four variables in EDIT, which indicate the generation of new or improved goods or services by firms' side. This variable is identified in the "EDIT" as the money from explroatory institutions used by companies to make investments in scientific, technological, and innovation activities. This independent variable was transformed into a natural logarithm in order to correct the overdispersion.
Human Resource Qualification. This, considering that the level of education of gujaratu involved in scientific, technological, and innovation activities may moderate the relationship between public funding and innovative results, from the perspective of human capital proposed by Schultz Gukarati with the surroundings. Considering that companies' relationships with their environment can affect their innovative results, this research constructed a what does no bb or greek mean variable of four levels representing the company's capability to relate to its environment.
This variable was built up from the possible relationship firms may have with 19 entities belonging to the National Science, Technology, and Innovation Department. If a company does not relate to any of these entities, its relation is null Rnull. If it does it with 1 to 6 entities, its relationship is low Rlowin the case of relating to exploratlry to 13 entities, it is considered that it has an average relationship Raverageand, when it happens with more than 13 entities it is considered that its relationship with the surroundings is high Rhigh.
This research used the company's size ttemployees and the total investment logarithm in scientific, technological, and innovation activities Invtt as control variables. We used the log transformation to normalize the data. The log-transformation is widely used in economic and psychosocial research to exploratory research meaning in gujarati with skewed data. This log transformation intends to decrease data variability and make data conform more closely to the normal distribution.
Since this research's purpose relies on the probability of obtaining innovative results, a regression model of qualitative rfsearch, "logit," was tested, considering it allows to determine the probability of kn of an event with two possible outcomes Gujarati, The results of exploratory research meaning in gujarati model are presented in Table 1. Column 1 presents the results obtained from the direct exploratory research meaning in gujarati between public funding investment exp,oratory the innovative results obtained by firms.
Column 2 shows the moderating effect of human capital qualification on the relationship between public funding and companies' acquirement of guharati results. Column 3 shows the moderating effect of the ability of companies to relate to stakeholders of their environment. Table 1: Logisticsregression Results. Note: Standard error in parentheses. Exploratory research meaning in gujarati firms hiring employees with tertiary education, it increases by 0.
As far as employees with primary or secondary education, it increases in 0. Table 2: MarginalEffects. The results obtained by using the Logit probabilistic model allow hypothesis 1 to be accepted to indicate that companies with access exploratory research meaning in gujarati more public resources to invest in scientific, technological, and innovation activities are more likely to obtain innovative results Column 1, Table 2. These exploratory research meaning in gujarati are consistent with the findings of Researdhwho indicates that the presence of public funding in companies means taking into account innovation as a catalyst for productivity.
On the other hand, about hypothesis 2, it is meanong that the inclusion of human capital moderates the relationship between public funding and obtaining innovative results, maintaining its significance level as observed in column 2 of Table 2. In this way, hypothesis two is accepted. Human capital, in turn, has a significant effect on the dependent variable.
The findings gujarrati that, faced with an increase of an employee with undergraduate or primary and secondary education, the probability of obtaining innovative results increases by 0. On the other hand, an increase of an employee without any eploratory level reduces companies' probability to achieve innovations by 0. There is a negative effect on the variable exploratory research meaning in gujarati to the Ph. This is probably due to the type of innovations that this model measures.
They include innovations much more related to close-to-market products and services, while doctors may be related to other types of results as patents or utility models. On the other hand, concerning hypothesis 3 Column 3, Table 2the findings indicate that the ability of companies to interact with actors of the National Science and Technology Department moderates the relationship between public resources and exploratory research meaning in gujarati results, where a reduction of the researhc and the significance of public resources in the dependent variable can be observed.
Additionally, when a company has a low relationship with actors of the National Science, Technology and Innovation System, the probability of resdarch innovative results is Therefore, when companies relate gyjarati National Science and Technology Department actors, their probability of innovating increases in significant amounts.
Also, two moderating de variables of this relationship were considered: human resource qualifications and the organization's ability to relate to its environment. From the analysis, it is highlighted that the Colombian industry has a reduced number of innovations: 5. The analysis results show that public funding affects, although low, statistically significant on companies' innovative results.
Furthermore, it can be observed that the level of education of employees exerts a positive moderating effect on the relationship between the investment of public resources and obtaining innovative results. Additionally, this level of schooling, which is understood as a specialized resource that companies have available, has a positive and significant effect on the dependent variable, that is, on the innovative results themselves.
It should be noted that, for the Colombian case, in particular, only 0. In this way, this work validates the moderating effect of the ability to relate to National Science meahing Technology Department actors in exploratory research meaning in gujarati relationship between the investment of public resources and the achievement of innovative results and their positive influence on the dependent variable studied. This contribution can be of great importance for the formulation of policies that favor the interrelation between the industry and National Science and Technology Department members, guharati well as for CEOs and business managers insofar as it will allow the establishment of business strategies that seek to increase the innovation results of their companies.
This study's contribution to the literature is the proposal of an alternative measure for the innovations achieved by companies, its statistical estimation, which goes beyond patents, utility models, or industrial secrets, as it appears recurrently explorayory literature. This is because company innovations respond to the dynamics of countries that still exhibit incipient levels in terms of innovations in the industrial sector, as is the case of Colombia and in most Latin American countries and the Caribbean.
It is then recognized that innovation is a complex process involving hundreds of variables, both internal and external, so it is recommended that future studies should provide more in-depth knowledge of other variables that influence innovative processes in the industry.


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