Innovation and economic sustainability in small and medium-sized latin american companies

Innovation management and economic sustainability have become one of the business challenges to consolidate. given the above, the objective of the study is to determine the relationship between innovation and economic sustainability in small and medium-sized enterprises (SMEs) in Latin America. thro...

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Autores:
Paredes Chacín, Ana Judith
Lozano Moreno, Jairo Alexander
Cajigas Romero, Margot
Hoyos Giraldo, Fanery Andrea
Tipo de recurso:
Article of investigation
Fecha de publicación:
2024
Institución:
Universidad Autónoma de Occidente
Repositorio:
RED: Repositorio Educativo Digital UAO
Idioma:
eng
OAI Identifier:
oai:red.uao.edu.co:10614/16241
Acceso en línea:
https://hdl.handle.net/10614/16241
https://doi.org/10.24294/jipd.v8i8.5343
https://red.uao.edu.co/
Palabra clave:
Innovation
Economic sustainability
Business transformation
Competitiveness
Innovación
Sostenibilidad económica
Transformación empresarial
Competitividad
Sostenibilidad empresarial
Rights
openAccess
License
Derechos reservados - by author(s), 2024
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network_name_str RED: Repositorio Educativo Digital UAO
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dc.title.eng.fl_str_mv Innovation and economic sustainability in small and medium-sized latin american companies
title Innovation and economic sustainability in small and medium-sized latin american companies
spellingShingle Innovation and economic sustainability in small and medium-sized latin american companies
Innovation
Economic sustainability
Business transformation
Competitiveness
Innovación
Sostenibilidad económica
Transformación empresarial
Competitividad
Sostenibilidad empresarial
title_short Innovation and economic sustainability in small and medium-sized latin american companies
title_full Innovation and economic sustainability in small and medium-sized latin american companies
title_fullStr Innovation and economic sustainability in small and medium-sized latin american companies
title_full_unstemmed Innovation and economic sustainability in small and medium-sized latin american companies
title_sort Innovation and economic sustainability in small and medium-sized latin american companies
dc.creator.fl_str_mv Paredes Chacín, Ana Judith
Lozano Moreno, Jairo Alexander
Cajigas Romero, Margot
Hoyos Giraldo, Fanery Andrea
dc.contributor.author.none.fl_str_mv Paredes Chacín, Ana Judith
Lozano Moreno, Jairo Alexander
Cajigas Romero, Margot
Hoyos Giraldo, Fanery Andrea
dc.subject.proposal.eng.fl_str_mv Innovation
Economic sustainability
Business transformation
Competitiveness
topic Innovation
Economic sustainability
Business transformation
Competitiveness
Innovación
Sostenibilidad económica
Transformación empresarial
Competitividad
Sostenibilidad empresarial
dc.subject.proposal.spa.fl_str_mv Innovación
Sostenibilidad económica
Transformación empresarial
Competitividad
Sostenibilidad empresarial
description Innovation management and economic sustainability have become one of the business challenges to consolidate. given the above, the objective of the study is to determine the relationship between innovation and economic sustainability in small and medium-sized enterprises (SMEs) in Latin America. through an empirical study, 2660 SMEs were examined, 1729 small and 931 medium-sized, located in 13 Latin American countries. the data obtained by applying a survey were processed using a non-linear canonical correlation analysis (NLCCA). The findings identify functional and operational risks in SMEs that weaken innovative potential, in addition to technical-operational barriers—lack of knowledge and low investment that limit economic sustainability, whose importance transcends towards transformations of business models and effectiveness of resources that promote business sustainability. contributions are suggested for the management of public policies aimed at strengthening innovation and economic sustainability to project the emerging economies of Latin Americac
publishDate 2024
dc.date.issued.none.fl_str_mv 2024
dc.date.accessioned.none.fl_str_mv 2025-07-30T15:08:28Z
dc.date.available.none.fl_str_mv 2025-07-30T15:08:28Z
dc.type.spa.fl_str_mv Artículo de revista
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dc.identifier.citation.eng.fl_str_mv Paredes-Chacín, A. J.; Lozano-Moreno, J.A.; Cajigas-Romero, M. y Hoyos-Giraldo, F. A. (2024). Innovation and economic sustainability in small and medium-sized latin american companies. Innovation and economic sustainability in small and medium-sized latin american companies. 8(8). https://doi.org/10.24294/jipd.v8i8.5343
dc.identifier.issn.spa.fl_str_mv 25727923
dc.identifier.uri.none.fl_str_mv https://hdl.handle.net/10614/16241
dc.identifier.doi.spa.fl_str_mv https://doi.org/10.24294/jipd.v8i8.5343
dc.identifier.eissn.spa.fl_str_mv 25727931
dc.identifier.instname.spa.fl_str_mv Universidad Autónoma de Occidente
dc.identifier.reponame.spa.fl_str_mv Respositorio Educativo Digital UAO
dc.identifier.repourl.none.fl_str_mv https://red.uao.edu.co/
identifier_str_mv Paredes-Chacín, A. J.; Lozano-Moreno, J.A.; Cajigas-Romero, M. y Hoyos-Giraldo, F. A. (2024). Innovation and economic sustainability in small and medium-sized latin american companies. Innovation and economic sustainability in small and medium-sized latin american companies. 8(8). https://doi.org/10.24294/jipd.v8i8.5343
25727923
25727931
Universidad Autónoma de Occidente
Respositorio Educativo Digital UAO
url https://hdl.handle.net/10614/16241
https://doi.org/10.24294/jipd.v8i8.5343
https://red.uao.edu.co/
dc.language.iso.eng.fl_str_mv eng
language eng
dc.relation.citationendpage.spa.fl_str_mv 19
dc.relation.citationissue.spa.fl_str_mv 8
dc.relation.citationstartpage.spa.fl_str_mv 1
dc.relation.citationvolume.spa.fl_str_mv 8
dc.relation.ispartofjournal.eng.fl_str_mv Journal of Infrastructure, Policy and Development
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spelling Paredes Chacín, Ana Judithvirtual::6213-1Lozano Moreno, Jairo Alexandervirtual::6214-1Cajigas Romero, Margotvirtual::6215-1Hoyos Giraldo, Fanery Andreavirtual::6216-12025-07-30T15:08:28Z2025-07-30T15:08:28Z2024Paredes-Chacín, A. J.; Lozano-Moreno, J.A.; Cajigas-Romero, M. y Hoyos-Giraldo, F. A. (2024). Innovation and economic sustainability in small and medium-sized latin american companies. Innovation and economic sustainability in small and medium-sized latin american companies. 8(8). https://doi.org/10.24294/jipd.v8i8.534325727923https://hdl.handle.net/10614/16241https://doi.org/10.24294/jipd.v8i8.534325727931Universidad Autónoma de OccidenteRespositorio Educativo Digital UAOhttps://red.uao.edu.co/Innovation management and economic sustainability have become one of the business challenges to consolidate. given the above, the objective of the study is to determine the relationship between innovation and economic sustainability in small and medium-sized enterprises (SMEs) in Latin America. through an empirical study, 2660 SMEs were examined, 1729 small and 931 medium-sized, located in 13 Latin American countries. the data obtained by applying a survey were processed using a non-linear canonical correlation analysis (NLCCA). The findings identify functional and operational risks in SMEs that weaken innovative potential, in addition to technical-operational barriers—lack of knowledge and low investment that limit economic sustainability, whose importance transcends towards transformations of business models and effectiveness of resources that promote business sustainability. contributions are suggested for the management of public policies aimed at strengthening innovation and economic sustainability to project the emerging economies of Latin AmericacLa gestión de la innovación y la sostenibilidad económica se han convertido en uno de los retos empresariales para consolidarse. Por lo anterior, el objetivo del estudio es determinar la relación entre la innovación y la sostenibilidad económica en las pequeñas y medianas empresas (PYME) de América Latina. Mediante un estudio empírico, se examinaron 2660 PYME, 1729 pequeñas y 931 medianas, ubicadas en 13 países latinoamericanos. Los datos obtenidos mediante la aplicación de una encuesta se procesaron mediante un análisis de correlación canónica no lineal (NLCCA). Los hallazgos identifican riesgos funcionales y operativos en las PYME que debilitan el potencial innovador, además de barreras técnico-operativas (falta de conocimiento y baja inversión) que limitan la sostenibilidad económica, cuya importancia se refleja en la transformación de los modelos de negocio y la eficacia de los recursos que promueven la sostenibilidad empresarial. Se sugieren contribuciones para la gestión de políticas públicas orientadas al fortalecimiento de la innovación y la sostenibilidad económica para proyectar las economías emergentes de América Latina19 páginasapplication/pdfengEnPress PublisherE. U.Derechos reservados - by author(s), 2024https://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccessAtribución-NoComercial-SinDerivadas 4.0 Internacional (CC BY-NC-ND 4.0)http://purl.org/coar/access_right/c_abf2Innovation and economic sustainability in small and medium-sized latin american companiesArtículo de revistahttp://purl.org/coar/resource_type/c_2df8fbb1Textinfo:eu-repo/semantics/articlehttp://purl.org/redcol/resource_type/ARTinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/version/c_970fb48d4fbd8a8519818Journal of Infrastructure, Policy and DevelopmentAcs, Z. J., Estrin, S., Mickiewicz, T., et al. (2018). Entrepreneurship, institutional economics, and economic growth: An ecosystem perspective. Small Business Economics, 51(2), 501–514. https://doi.org/10.1007/s11187-018-0013-9Adam, N. A., & Alarifi, G. (2021). Innovation practices for survival of small and medium enterprises (SMEs) in the COVID-19 times: The role of external support. 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Revista Científica Compendium, 23(45), 3.InnovationEconomic sustainabilityBusiness transformationCompetitivenessInnovaciónSostenibilidad económicaTransformación empresarialCompetitividadSostenibilidad empresarialComunidad generalPublication73e25f1b-729a-4fd8-bf25-0b38a1b401e6virtual::6213-1c8ef2364-e122-49ec-a893-545516b851b5virtual::6214-1437a3cd0-8f59-4c9d-9891-32a33b2c5393virtual::6215-13dd89b4d-c36d-4915-bc52-aaf0b44097b7virtual::6216-173e25f1b-729a-4fd8-bf25-0b38a1b401e6virtual::6213-1c8ef2364-e122-49ec-a893-545516b851b5virtual::6214-1437a3cd0-8f59-4c9d-9891-32a33b2c5393virtual::6215-13dd89b4d-c36d-4915-bc52-aaf0b44097b7virtual::6216-1https://scholar.google.es/citations?user=cyQHm1wAAAAJ&hl=esvirtual::6213-1https://scholar.google.com/citations?user=6WU9KzMAAAAJ&hl=envirtual::6214-1https://scholar.google.es/citations?user=VAlujAUAAAAJ&hl=esvirtual::6215-1https://scholar.google.es/citations?user=izCpuPAAAAAJ&hl=esvirtual::6216-10000-0001-6612-8486virtual::6213-10000-0001-9139-5615virtual::6214-10000-0002-0139-4959virtual::6215-10000-0002-5908-5956virtual::6216-1https://scienti.minciencias.gov.co/cvlac/visualizador/generarCurriculoCv.do?cod_rh=0000042889virtual::6213-1https://scienti.minciencias.gov.covirtual::6214-1https://scienti.minciencias.gov.co/cvlac/visualizador/generarCurriculoCv.do?cod_rh=0000601764virtual::6215-1https://scienti.minciencias.gov.co/cvlac/visualizador/generarCurriculoCv.do?cod_rh=0001320564virtual::6216-1ORIGINALInnovation_and_economic_sustainability_in_small_and_medium-sized_latin_american_companies.pdfInnovation_and_economic_sustainability_in_small_and_medium-sized_latin_american_companies.pdfArchivo texto completo del artículo de revista, PDFapplication/pdf290372https://red.uao.edu.co/bitstreams/615a7b00-7772-4152-ac98-e210cfbd296d/download2c1b51aca26ea3e45c3a60b436fcbb39MD51LICENSElicense.txtlicense.txttext/plain; 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