The Effect of Global and National Value Chains on Environmental Innovation and Research and Development: An Analysis of Ibovespa Companies


global and national value chain
environmental innovation
research and development

How to Cite

Ferreira Benedito Gomes Rocha, L. ., Rizzi, D. I. ., Teixeira da Silva, C. ., & Emil Hoffmann, V. . (2023). The Effect of Global and National Value Chains on Environmental Innovation and Research and Development: An Analysis of Ibovespa Companies. Review of Business Management, 25(1).


Purpose – To analyze the effect of national and global value chains on environmental innovation and research and development in the context of Brazilian companies listed on the Ibovespa.
Theoretical framework – Value chain and open innovation.
Design/methodology/approach – This is descriptive, documentary research that uses a quantitative approach, through the analysis of secondary data extracted from Refinitiv Eikon. The research population consisted of 70 non-financial companies listed on the Ibovespa between the years 2016 and 2020.
Findings – The global value chain affects environmental innovation and research and development (R&D) in a positive and significant way, revealing that companies with more evidence in their reports on formalizations with suppliers and customers show improvements in their environmental products with ecological designs and carry out more R&D spending. Those companies that have, in addition to national connections, connections with companies from other countries are more likely to have greater capacity for innovation.
Practical & social implications of research – The research helps in understanding how organizations can improve their value chain, considering geographic aspects and interorganizational relationships, providing more assertively innovative resources.
Originality/value – Although a national value chain does not influence any increase in environmental innovation, it does impact higher R&D spending. As eco-innovation involves voluntary disclosure, it is inferred that companies that are limited to maintaining relationships in Brazil do not receive the same institutional pressure, when compared to companies with a global value chain, since the latter are connected with firms in countries with greater enforcement mechanisms regarding sustainable practices.
Keywords: global and national value chain, environmental innovation, research and development, Ibovespa.


ALDIERI, L., CARLUCCI, F., VINCI, C. P., & YIGITCANLAR, T. (2019). Environmental innovation, knowledge spillovers and policy implications: A systematic review of the economic effects literature. Journal of Cleaner Production, 239, 118051.

AMBOS, B., BRANDL, K., PERRI, A., SCALERA, V. G., & VAN ASSCHE, A. (2021). The nature of innovation in global value chains. Journal of World Business, 56(4),101221.

AUDRETSCH, D. B. (1995). Firm profitability, growth, and innovation. Review of Industrial Organization, 10(5), 579-588.

BARRINGER, B. R., & HARRISON, J. S. (2000). Walking a tightrope: Creating value through interorganizational relationships. Journal of Management, 26(3), 367-403.

BASKARAN, S., & MEHTA, K. (2016). What is innovation and why? Your perspective from resource constrained environments.

Technovation, 52(53), 4-17.

BELUSSI, F., SAMMARRA, A., & SEDITA, S. R. (2010). Learning at the boundaries in an “Open Regional Innovation System”: A focus on firms’ innovation strategies in the Emilia Romagna life science industry. ResearchPolicy, 39(6), 710-721.

BOGERS, M., FOSS, N. J., & LYNGSIE, J. (2018). The “human side” of open innovation: The role of employee diversity in firm-level openness. Research Policy, 47(1), 218-231.

BUCIUNI, G., & PISANO, G. (2021). Variety of innovation in global value chains. Journal of WorldBusiness, 56(2), 101-167.

CAETANO, M., & AMARAL, D. C. (2011). Roadmapping for technology push and partnership: A contribution for open innovation environments. Technovation, 31(7), 320-335.

CARRIÓN-FLORES, C. E., & INNES, R. (2010). Environmental innovation and environmental performance. Journal of Environmental Economics and Management, 59(1),27-42.

CHABBOUH, H., & BOUJELBENE, Y. (2020). Open innovation in SMEs: The mediating role between human capital and firm performance. The Journal of High Technology Management Research, 31(2), 100391.

CHEN, X., LIU, Z., & ZHU, Q. (2020). Reprint of “Performance evaluation of China’s high-tech innovation process: Analysis based on the innovation value chain”. Technovation, 94, 102094.

CHENHALL, R. (2003). Management control systems design within its organizational context: Findings from contingency-based research and directions for the future. Accounting, Organizations and Society, 28(2-3), 127-168.

CHESBROUGH, H. W. (2003). Open innovation: The new imperative for creating and profiting from technology. Harvard Business Press.

DASGUPTA, M. (2021). Sustainable innovation initiatives by small and medium enterprises: A systematic literature review. Journal of Small Business and Entrepreneurship, 1-24.

DE MEYER, A. (1998). Manufacturing operations in Europe: Where do we go next? European Management Journal, 16(3), 262-271.

DE TONI, A., NASSIMBENI, G., & TONCHIA, S. (1998). Innovation in product development within the electronics industry. Technovation, 19(2), 71-80.

DYER, J. H. (1996). Specialized supplier networks as a source of competitive advantage: Evidence from the auto industry. Strategic Management Journal, 17(4), 271-291.<271::AID-SMJ807>3.0.CO;2-Y.

GEREFFI, G. (2001). Beyond the producer-driven/buyerdriven dichotomy: The evolution of global value chains in the internet era. IDS Bulletin, 32(3), 30-40.

GEREFFI, G., HUMPHREY, J., & STURGEON, T. (2005). The governance of global value chains. Review of International Political Economy, 12(1), 78-104.

GROOT, T. L., & MERCHANT, K. A. (2000). Control of international joint ventures. Accounting, Organizations and Society, 25(6), 579-607.

HANSEN, M. T., & BIRKINSHAW, J. (2007). The innovation value chain. Harvard Business Review, 85(6), 121-130, 142. PMid:17580654.

HOFFMANN, V. E., LOPES, G. S. C., & MEDEIROS,J. J. (2014). Knowledge transfer among the small businesses of a Brazilian cluster. Journal of Business Research, 67(5),856-864.

HUMPHREY, J., TODEVA, E., ARMANDO, E., & GIGLIO, E. (2020). Global value chains, business networks, strategy, and international business: Convergences. Review of Business Management, 21(Spec. issue), 607-627.

JOURNEAULT, M. (2016). The Integrated Scorecard in support of corporate sustainability strategies. Journal of Environmental Management, 182, 214-229. PMid:27479238.

KANO, L., TSANG, E. W. K., & YEUNG, H. W. C. (2020). Global value chains: A review of the multidisciplinary literature. Journal of International Business Studies, 51(4), 577-622.

KNOX, S. (2002). The boardroom agenda: developing the innovative organisation. Corporate Governance, 2(1),


KOC, T., & BOZDAG, E. (2017). Measuring the degree of novelty of innovation based on Porter’s value chain approach. European Journal of Operational Research, 257(2), 559-567.

LEMA, R., QUADROS, R., & SCHMITZ, H. (2015). Reorganising global value chains and building innovation capabilities in Brazil and India. Research Policy, 44(7), 1376-1386.

LOU, Z., YE, A., MAO, J., & ZHANG, C. (2022). Supplier selection, control mechanisms, and firm innovation: Configuration analysis based on fsQCA. Journal of Business Research, 139, 81-89.

MOREIRA, F. G. P., TORKOMIAN, A. L. V., & MORALLES, H. (2020). Portfólio de Alianças e Desempenho Inovador da Indústria Brasileira. Revista de Administração de Empresas, 60(5), 336-351.

MUNTEN, P., VANHAMME, J., MAON, F., SWAEN, V., & LINDGREEN, A. (2021). Addressing tensions in coopetition for sustainable innovation: Insights from the automotive industry. Journal of Business Research, 136, 10-20.

Organisation for Economic Cooperation and Development – OECD. (2018). Oslo manual 2018: guidelines for collecting, reporting and

using data on innovation (4th ed.). OECD Publishing.

PALMATIER, R. W., DANT, R. P., & GREWAL, D. (2007). A comparative longitudinal analysis of theoretical perspectives of interorganizational relationship performance. Journal of Marketing, 71(4), 172-194.

PAULA, F., & SILVA, J. (2018). The impact of alliances and internal R&D on the firm’s innovation and financial performance. Brazilian Business Review, 15(6), 533-550.

PORTER, M. E. (1985). Competitive advantage: Creating and sustaining competitive performance. Free Press.

PÓVOA, L. M. C., & MONSUETO, S. E. (2011). Tamanho das empresas, interação com universidades e inovação. Revista de Economia, 37(No. esp.), 9-24.

REINARTZ, W., WIEGAND, N., & IMSCHLOSS, M. (2019). The impact of digital transformation on the retailing value chain. International Journal of Research in Marketing, 36(3), 350-366.

RICCIOTTI, F. (2020). From value chain to value network: A systematic literature review. Management Review Quarterly, 70(2), 191-212.

SAHIN, Ö., BAX, K., PATERLINI, S., & CZADO, C. (2021). ESGM: ESG scores and the Missing pillar. SSRN, 3890696.

SCARPELLINI, S., MARÍN-VINUESA, L. M., PORTILLO-TARRAGONA, P., & MONEVA, J. M. (2018). Defining and measuring different dimensions of financial resources for business eco-innovation and the influence of the firms’ capabilities. Journal of Cleaner Production, 204, 258-269.

SCHERER, A. G., & VOEGTLIN, C. (2020). Corporate governance for responsible innovation: Approaches to corporate governance and their implications for sustainable development. The Academy of Management Perspectives, 34(2), 182-208.

SCHUMPETER, J. (1934). The theory of economic development. Harvard University Press.

SEDITA, S. R., HOFFMANN, V. E., GUARNIERI, P., & TOSO CARRARO, E. (2021). Prosecco has another story to tell: The coexistence of multiple knowledge networks in the same value chain. International Journal of Wine Business Research, 33(4), 502-522.

SHANG, L., TAN, D., FENG, S., & ZHOU, W. (2022). Environmental regulation, import trade, and green technology innovation. Environmental Science and Pollution Research International, 29(9), 12864-12874. PMid:33934260.

THEYEL, N. (2013). Extending open innovation throughout the value chain by small and medium sized manufacturers. International Small Business Journal, 31(3), 256-274.

TORCHIA, M., & CALABRÒ, A. (2019). Open innovation in SMEs: A systematic literature review. Journal

of Enterprising Culture, 27(02), 201-228.

VARYASH, I., MIKHAYLOV, A., MOISEEV, N., & ALESHIN, K. (2020). Triple bottom line and corporate social responsibility performance

indicators for Russian companies. Entrepreneurship and Sustainability Issues, 8(1), 313-331.

WAREHAM, J., MATHIASSEN, L., RAI, A., STRAUB, D., & KLEIN, R. (2005). The business value of digital supply networks: A program of

research on the impacts of globalization. Journal of International Management, 11(2), 201-227.

ZANIBONI, N. C., & MONTINI, A. A. (2017). O efeito do ambiente macroeconômico em empresas inovadoras. Pretexto, 18(1), 120-131.

If a paper is approved for publication, its copyright has to be transferred by the author(s) to the Review of Business Management – RBGN.

Accordingly, authors are REQUIRED to send RBGN a duly completed and signed Copyright Transfer Form. Please refer to the following template: [Copyright Transfer]

The conditions set out by the Copyright Transfer Form state that the Review of Business Management – RBGN owns, free of charge and permanently, the copyright of the papers it publishes. Although the authors are required to sign the Copyright Transfer Form, RBGN allows authors to hold and use their own copyright without restrictions.

The texts published by RBGN are the sole responsibility of their authors.

The review has adopted the CC-BY Creative Commons Attribution 4.0 allowing redistribution and reuse of papers on condition that the authorship is properly credited.