Persistence in the imitation of innovations in products in the manufacturing industry of Colombia

Jorge Luis Juliao-Rossia () and Julia Andrea Pineda Acero
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Jorge Luis Juliao-Rossia: Universidad de La Salle, Colombia
Julia Andrea Pineda Acero: Universidad de La Sabana, Colombia

Contaduría y Administración, 2019, vol. 64, issue 1, 77-78

Abstract: Persistence in innovation has been explained by three theoretical approaches: i) sunk costs in research and development (R&D), ii) financial constraints, and iii) innovation capabilities. This research aims to evaluate the effect of determinants proposed by these three approaches on the occurrence of persistence in the imitation of innovations in products in manufacturing industries. To achieving this goal are used research data from three surveys of innovation and technological development of Colombia (EDIT) and one zero inflate ordered probit models is estimated (ZIOP). The results obtained show that sunk costs do not explain the persistence imitation. On the other hand, the continuous access to internal and external financial resources are essentials for this persistence. Finally, the capabilities approach, which is associated with learning forms indicates that interacting lerning and training explain the ocurrence of persistence in the imitation of innovations in products.Keywords: Persistence; imitation; sunk costs; capabilities; financial constraints.Pages: 77-78

Date: 2019
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