Financial Resources, The National Science and Technology System, and Innovation Performance: Colombian Manufacturing Firms

Authors

Keywords:

Financial Resources, National Science and Technology System, Innovation Performance, Manufacturing

Abstract

  This study presents a theoretical model that analyses the relationship between financial resources, the National Science and Technology System, and innovation performance in Colombian manufacturing companies. Four hypotheses were formulated and approved, demonstrating a positive relationship between these factors. The research was based on an empirical, cross-sectional sample of 1,572 units, whose data were analysed using the PLS-SEM statistical package. The results confirm that the proposed theoretical model is acceptable and significant, suggesting that financial resources and the support of the science and technology system have a crucial impact on the innovation capacity of Colombian companies. Furthermore, the proposed theoretical model, derived from an integrated design of three factors informed by the theoretical consultation, aims to serve as a reference for future studies across different sectors and regions where manufacturing companies operate.

Author Biographies

Oscar Hernán López Montoya, Universidad del Tolima

Oscar Hernán López Montoya (PhD en Administración) is an assistant professor in the management and marketing department of Universidad del Tolima, Colombia. His research interest focuses on innovation, organizational culture. 

Octavio Hernández Castorena, Universidad Autónoma de Aguascalientes

Octavio Hernández Castorena es Doctor en Ciencias Administrativas (Recursos Humanos y Mercadotecnia) at Universidad Autónoma de Aguascalientes.

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Published

2026-04-30

How to Cite

Arciniegas Pradilla, C., López Montoya, O. H., & Hernández Castorena, O. (2026). Financial Resources, The National Science and Technology System, and Innovation Performance: Colombian Manufacturing Firms. Mercados Y Negocios, (58), 65–88. Retrieved from https://mercadosynegocios.cucea.udg.mx/index.php/MYN/article/view/8047