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

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.