The relationship between perceived institutional conditions and firm-level innovations in emerging markets: Moderating effects of firm ownerships

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62690094%3A18450%2F24%3A50021276" target="_blank" >RIV/62690094:18450/24:50021276 - isvavai.cz</a>

Výsledek na webu

<a href="https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0291290" target="_blank" >https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0291290</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1371/journal.pone.0291290" target="_blank" >10.1371/journal.pone.0291290</a>

Jazyk výsledku

angličtina

Název v původním jazyce

The relationship between perceived institutional conditions and firm-level innovations in emerging markets: Moderating effects of firm ownerships

Popis výsledku v původním jazyce

Country-level institutional conditions are known to play key roles in firms&apos; innovation and operations. While it is acknowledged that an unfavourable institutional context negatively influences innovation, less is known about which firms are most affected by these institutional conditions. This research aims to examine which institutional conditions affect firms&apos; product innovation and which firms can innovate their products despite the unfavourable institutional environment. The empirical results based on 21,056 firms from 42 African countries show that legal institutions and informal competition positively influence product innovation while perceived policy instability has a negative influence. The results proved that the interactions between perceived policy instability and favourable legal institutions negatively influence product innovation. However, the joint effects of these institutional conditions positively impact product innovation. Private domestic ownership positively moderates the relationship between a favourable legal environment and product innovations, while foreign ownership negatively moderates the relationship between a favourable legal environment and product innovations. Finally, the results showed that both domestic and foreign ownerships negatively moderate the relationship between perceived policy instability and product innovation. The main practical implication from our result is that policy practitioners in African countries should endeavour to reduce the potential negative impact of the policy instability and unfavourable legal environment for foreign-owned firms as it reduces their incentives to innovate.

Název v anglickém jazyce

The relationship between perceived institutional conditions and firm-level innovations in emerging markets: Moderating effects of firm ownerships

Popis výsledku anglicky

Country-level institutional conditions are known to play key roles in firms&apos; innovation and operations. While it is acknowledged that an unfavourable institutional context negatively influences innovation, less is known about which firms are most affected by these institutional conditions. This research aims to examine which institutional conditions affect firms&apos; product innovation and which firms can innovate their products despite the unfavourable institutional environment. The empirical results based on 21,056 firms from 42 African countries show that legal institutions and informal competition positively influence product innovation while perceived policy instability has a negative influence. The results proved that the interactions between perceived policy instability and favourable legal institutions negatively influence product innovation. However, the joint effects of these institutional conditions positively impact product innovation. Private domestic ownership positively moderates the relationship between a favourable legal environment and product innovations, while foreign ownership negatively moderates the relationship between a favourable legal environment and product innovations. Finally, the results showed that both domestic and foreign ownerships negatively moderate the relationship between perceived policy instability and product innovation. The main practical implication from our result is that policy practitioners in African countries should endeavour to reduce the potential negative impact of the policy instability and unfavourable legal environment for foreign-owned firms as it reduces their incentives to innovate.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2024

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

PloS one

ISSN

1932-6203

e-ISSN

1932-6203

Svazek periodika

19

Číslo periodika v rámci svazku

1

Stát vydavatele periodika

US - Spojené státy americké

Počet stran výsledku

25

Strana od-do

"Article number: e0291290"

Kód UT WoS článku

001150451900024

EID výsledku v databázi Scopus

2-s2.0-85183280092