Factors that influence value creation and value capture in companies – evidence in an emerging market

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dc.contributor.authorOstos, Jhony
dc.contributor.authorMontoya-Ramírez, Manuel-Fernando
dc.date.accessioned2026-04-14T00:09:33Z
dc.date.issued2025-12-01
dc.description.abstractPurpose: The objective of this study is to analyze the influence of the following variables – technological innovation, creativity and innovation management and business model innovation – on two variables: value creation in companies and value capture in companies. Design/methodology/approach: The sample consisted of 222 informants employed by companies listed in the Top 1,000 in the city of Lima. A questionnaire was designed to examine the five variables under study (three independent variables and two dependent variables). Confirmatory and structural factor analyses were performed using structural equations with the SPSS AMOS software. Findings: The study shows that value capture is influenced by technological innovation, creativity and innovation management, as well as business model innovation, while value creation is influenced only by technological innovation and business model innovation. Research limitations/implications: One limitation of this study is that its results are generalized for companies from different business sectors, so its conclusions cannot be associated with specific business sectors. Another limitation of the study is that the data from this research are cross-sectional, so the relationships found between the study variables are not sufficient to establish a definitive causal relationship. Practical implications: For executives, this study offers valuable insights into the significance of their management roles in driving innovation, particularly concerning the dual objectives of value creation and capture within their organizations. Originality/value: A research model is proposed to identify the factors that influence value creation and value capture in companies in a developing country, where consumers have different purchasing power and purchasing preferences compared to consumers in developed countries. Executives focus their efforts on creating and implementing innovative ideas only if they perceive that doing so will achieve monetary results, and it is necessary to emphasize the innovation of internal processes to create value in a way customers will perceive.
dc.formatapplication/pdf
dc.identifier.citationOstos, J., & Montoya-Ramírez, M.-F. (2025). Factors that influence value creation and value capture in companies – evidence in an emerging market. Journal of Economics, Finance and Administrative Science, 30(60), 282–297. Retrieved from https://revistas.esan.edu.pe/index.php/jefas/article/view/893
dc.identifier.doihttps://doi.org/10.1108/JEFAS-08-2023-0223
dc.identifier.urihttps://hdl.handle.net/20.500.12640/4936
dc.languageInglés
dc.language.isoeng
dc.publisherUniversidad ESAN
dc.publisher.countryPE
dc.relation.ispartofurn:issn:2218-0648
dc.rightshttps://purl.org/coar/access_right/c_abf2
dc.rightsAttribution 4.0 Internationalen
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/
dc.subjectTechnological innovationen_EN
dc.subjectInnovationen_EN
dc.subjectCreativityen_EN
dc.subjectBusiness modelsen_EN
dc.subjectValue creation in companiesen_EN
dc.subjectValue capture in companiesen_EN
dc.subjectInnovación tecnológicaes_ES
dc.subjectInnovación tecnológicaes_ES
dc.subjectInnovaciónes_ES
dc.subjectCreativityes_ES
dc.subjectBusiness modelses_ES
dc.subjectValue creation in companieses_ES
dc.subjectValue capture in companieses_ES
dc.subject.ocdehttps://purl.org/pe-repo/ocde/ford#5.02.04
dc.titleFactors that influence value creation and value capture in companies – evidence in an emerging market
dc.typehttps://purl.org/coar/resource_type/c_6501
dc.type.otherArtículo
dc.type.versionhttp://purl.org/coar/version/c_970fb48d4fbd8a85
local.acceso.esanAcceso abierto
oaire.citation.endPage297
oaire.citation.issue60
oaire.citation.startPage282
oaire.citation.titleJournal of Economics, Finance and Administrative Science
oaire.citation.volume30

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JEFAS Vol. 30 Nº 60 (2025)