Systematic literature review on the relationship between innovation and financial performance of startups

Authors

DOI:

https://doi.org/10.5585/exactaep.2022.20997

Keywords:

innovation, startups, performance, systematic literature review

Abstract

The aim of this article is to develop a Systematic Literature Review (RSL) on the relationship between innovation and financial performance in Startups. Forty-nine articles were selected from the Scopus and Web of Science databases. The analyzes were supported by the three laws of classical bibliometrics. The period from 2011 to 2020 was defined for the preparation of this study. There is a need for startups to adopt an organizational culture that adopts innovative practices and guides the internal environment in the adoption of innovative behaviors, as well as strengthening relationships between universities, incubators and funding sources with the formation of strong alliances to promote innovation in addition to greater maturation in cooperation networks between companies. The contribution consists of offering evidence on the results of the studies, which can support the decision-making of startup managers and public managers, in the creation of strategies and policies oriented towards competitiveness, such as, for example, the strengthening of relations between companies and universities and the expansion of cooperation networks, as found in the analysis.

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Author Biographies

Luciana Santos Costa Vieira da Silva, Universidade Federal da Paraíba / João Pessoa, Paraíba

Doutora em Administração pela Universidade Federal de Santa Catarina e Pós-Doutoranda no Programa de Pós-Graduação em Contabilidade da Universidade Federal da Paraíba. Mestra em Engenharia de Produção pela Universidade Federal de Santa Catarina, 

Fabíola Kaczam, Universidade Federal de Santa Maria / Santa Maria, Rio Grande do Sul

Mestra em Engenharia de Produção pela Universidade Federal de Santa Maria e Doutoranda do Programa de Pós-Graduação em Administração da UFSM.

Deoclécio Júnior Cardoso da Silva, Universidade Federal de Santa Maria / Santa Maria, Rio Grande do Sul

Mestre em Engenharia de Produção pela Universidade Federal de Santa Maria e Doutorando do Programa de Pós-Graduação em Administração da UFSM.

Bruno Nogueira Silva, Universidade Federal Rural do Semi-Árido / Mossoró - RN

Mestrando do Programa de Pós-Graduação em Administração da UFERSA

Wenner Gláucio Lopes Lucena, Universidade Federal da Paraíba / João Pessoa, Paraíba

Doutor em Ciências Contábeis pelo Programa Multiinstitucional e Inter-Regional de Pós-Graduação em Ciências Contábeis e Professor do Programa de Pós-graduação em Ciências Contábeis da UFPB.

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Published

2022-02-16 — Updated on 2024-06-11

How to Cite

Santos Costa Vieira da Silva, L., Kaczam, F., Cardoso da Silva, D. J., Nogueira Silva, B., & Lopes Lucena, W. G. (2024). Systematic literature review on the relationship between innovation and financial performance of startups. Exacta, 22(2), 349–378. https://doi.org/10.5585/exactaep.2022.20997

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Vol. 22 No. 2 (2024): (Apr./June)

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