Abstract:CHEMICAL INDUSTRY: RECENT DEVELOPMENTS, PROBLEMS AND OPPORTUNITIES. Chemical industry underwent a significant upturn in the past few years. In Brazil, the position of this industry has been continuously strengthened as the second largest industrial sector. Current circumstances are discussed, especially the need for increased innovation, the impacts of nanotechnology, biotechnology and information technologies. Some misconceptions on the Brazilian chemical industry are criticized and recent improvements are de… Show more
“…Another sector that stands out among academics is the chemical industry, which -in this study -showed average values of capacity to innovate and risk. In turn, different studies, such as those by Galembeck et al (2007) and Avelar & Souza (2005), highlight the main risks suffered by this sector: process infrastructure (leakage of waste in the environment), and pharmaceutical/beauty products that cause side effects or do not meet consumer expectations. Accordingly, the main investments in this sector are aimed at control equipment and new technological processes, aiming to reduce the aforementioned risks.…”
The aim of this research is to analyze a theoretical method for measuring the business risk of investments in innovation proposed by Basso and Kimura (2010). The bases of the conceptual model relate the risk of investments in innovation at the firm level to the risk of the sector. In an analogous way, this study measures the sectorial risk of the different Brazilian industries with the added risk of investments in innovation, and then shows the risks of the companies listed on B3 (the São Paulo Stock Exchange) that exhibited all the necessary information for the model. This is an exploratory study with a quantitative approach, based on descriptive statistical methods and the proposed empirical model. The materials that support the research were taken from the five available editions of the Technological Innovation Survey – PINTEC (2000, 2003, 2005, 2008 and 2011) and from the standardized financial statements of the selected companies. The results of the research confirmed the possibility of using the proposed methodology, with the use of weighted factors that – in this study – were guided by the Brazil Innovation Index. Thus, it was possible to measure the level of risk of each sector of Brazilian industry and of 85 companies.
“…Another sector that stands out among academics is the chemical industry, which -in this study -showed average values of capacity to innovate and risk. In turn, different studies, such as those by Galembeck et al (2007) and Avelar & Souza (2005), highlight the main risks suffered by this sector: process infrastructure (leakage of waste in the environment), and pharmaceutical/beauty products that cause side effects or do not meet consumer expectations. Accordingly, the main investments in this sector are aimed at control equipment and new technological processes, aiming to reduce the aforementioned risks.…”
The aim of this research is to analyze a theoretical method for measuring the business risk of investments in innovation proposed by Basso and Kimura (2010). The bases of the conceptual model relate the risk of investments in innovation at the firm level to the risk of the sector. In an analogous way, this study measures the sectorial risk of the different Brazilian industries with the added risk of investments in innovation, and then shows the risks of the companies listed on B3 (the São Paulo Stock Exchange) that exhibited all the necessary information for the model. This is an exploratory study with a quantitative approach, based on descriptive statistical methods and the proposed empirical model. The materials that support the research were taken from the five available editions of the Technological Innovation Survey – PINTEC (2000, 2003, 2005, 2008 and 2011) and from the standardized financial statements of the selected companies. The results of the research confirmed the possibility of using the proposed methodology, with the use of weighted factors that – in this study – were guided by the Brazil Innovation Index. Thus, it was possible to measure the level of risk of each sector of Brazilian industry and of 85 companies.
“…The technical nature of the products requires a greater approximation between suppliers and buyers, in order to explore different customization possibilities (Galembeck et al, 2007). The chemical industry is also characterized by substantial investments in research and development, in its search for technological innovations that enable companies to keep up with the rapid advances in market demands while being able to offer multiple application solutions for portfolio products (Brito, Brito, & Morganti, 2009).…”
Purpose -Despite its theoretical potential, the relational view proposed by Dyer and Singh (1998) has not been established as a dominant theoretical framework, since the concomitant use of its main constructs is rare. This paper intended to test the relational view considering the impact of its constructs on the economic value created in relationships between buyers and suppliers.Design/methodology/approach -A cross-sectional survey with 121 respondents was conducted in the Brazilian chemical sector. To analyze the measurement models and test the hypotheses, confirmatory factor analysis and multiple linear regression were used.Findings -The limited support for the hypotheses tested suggests that the operationalization of the relational view as an explanatory theory requires further study. Asset specificity seems to be the most solid construct, with a relevant effect on the relational value, and it is present in some moderating effects on environmental variables. The results also suggest that relational governance has some effect on the value captured by the supplier.Originality/value -In addition to the need to review the operationalization of the Relational View, the proposed value measurement model contributed to identifying differences between the value created for the buyer and the value created for the supplier. The measurement scales of value creation presented good quality of fit and also represent a contribution for further research.
“…Altos investimentos estão sendo feitos hoje nas indústrias, como aquisição de equipamentos, como filtros, sendo muitos com tecnologia de membranas, tratamentos e co-processamento de resíduos gerados, visando assim, menores fatores de riscos ambientais (GALEMBECK et al, 2007).…”
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