<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>2448-7678</journal-id>
<journal-title><![CDATA[Investigación administrativa]]></journal-title>
<abbrev-journal-title><![CDATA[Investig. adm.]]></abbrev-journal-title>
<issn>2448-7678</issn>
<publisher>
<publisher-name><![CDATA[Instituto Politécnico Nacional, Escuela Superior de Comercio y Administración]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S2448-76782020000200002</article-id>
<article-id pub-id-type="doi">10.35426/iav49n126.02</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Efectos de la estructura de capital en la innovación]]></article-title>
<article-title xml:lang="en"><![CDATA[Effects of capital structure on innovation]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Cuevas-Vargas]]></surname>
<given-names><![CDATA[Héctor]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Cortés-Palacios]]></surname>
<given-names><![CDATA[Héctor Abraham]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Tecnológica del Suroeste de Guanajuato departamento de Innovación de Negocios y Mercadotecnia ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad Autónoma de Aguascalientes departamento de Agronegocios del Centro de Ciencias Empresariales ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>12</month>
<year>2020</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>12</month>
<year>2020</year>
</pub-date>
<volume>49</volume>
<numero>126</numero>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S2448-76782020000200002&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S2448-76782020000200002&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S2448-76782020000200002&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen: El objetivo del artículo es analizar los efectos de la estructura de capital en la innovación de las pequeñas y medianas empresas (Pymes) de un país emergente. Para ello se realizó una investigación empírica con un enfoque cuantitativo, de tipo explicativo y corte transversal a 230 pymes manufactureras mexicanas, usando el método de ecuaciones estructurales por mínimos cuadrados parciales (PLS-SEM). Los resultados revelan que las fuentes de financiamiento internas y externas influyen positiva y significativa en la innovación. Una limitación del estudio es que los resultados se delimitan a Pymes manufactureras de Aguascalientes, sugiriendo estudios que consideren otros sectores. La originalidad del trabajo consiste en la metodología utilizada, la cual permitió identificar la importancia y desempeño que tienen las fuentes de financiamiento en la innovación de Pymes de economía emergente. Los hallazgos demuestran que el financiamiento interno tuvo un mayor impacto significativo en la innovación de este tipo de empresas.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract: The aim of this paper is to analyze the effects of capital structure on the innovation of small and medium-sized (SMEs) companies in an emerging country. For this, an empirical study was carried out with a quantitative approach, explanatory and cross-sectional type based on a sample of 230 Mexican manufacturing SMEs, using the method of partial least squares structural equation modeling (PLS-SEM). The results reveal that both internal and external financing sources positively and significantly influence innovation. A limitation of the study is that the results are delimited to manufacturing SMEs in Aguascalientes, suggesting studies that consider other sectors. The originality of the work consists of the methodology used, which allowed us to identify the importance and performance of financing sources in the innovation of emerging economy SMEs. The findings show that internal financing had a greater significant impact on the innovation of these types of companies.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[Innovación]]></kwd>
<kwd lng="es"><![CDATA[estructura de capital]]></kwd>
<kwd lng="es"><![CDATA[financiamiento interno]]></kwd>
<kwd lng="es"><![CDATA[financiamiento externo]]></kwd>
<kwd lng="es"><![CDATA[PLS-SEM]]></kwd>
<kwd lng="es"><![CDATA[C38]]></kwd>
<kwd lng="es"><![CDATA[G32]]></kwd>
<kwd lng="es"><![CDATA[O32]]></kwd>
<kwd lng="en"><![CDATA[Innovation]]></kwd>
<kwd lng="en"><![CDATA[capital structure]]></kwd>
<kwd lng="en"><![CDATA[internal financing]]></kwd>
<kwd lng="en"><![CDATA[external financing]]></kwd>
<kwd lng="en"><![CDATA[PLS-SEM]]></kwd>
<kwd lng="en"><![CDATA[C38]]></kwd>
<kwd lng="en"><![CDATA[G32]]></kwd>
<kwd lng="en"><![CDATA[O32]]></kwd>
</kwd-group>
</article-meta>
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