From this perspective, the aim of the present study is to improve understanding of
the relationship between innovation and its determinants in Brazil’s manufacturing
industry during the period 2015–2017. Using data from the 2017 Technological
Innovation Survey, the authors estimated a generalized linear model with a
negative binomial distribution. The findings show that technological capability
and expenditure on innovation activities were decisive and positively associated
with the number of innovating firms. By contrast, financing or sources of support
for innovation, firm size and economic risks were not statistically significant.
Lastly, government financial support showed no meaningful impact on innovation,
raising doubts about the efficiency of such support, which was received by fewer
innovating firms (26.2%) in 2015–2017 compared with previous three-year periods,
potentially contributing to the weakness of innovation activities.