Determinants of innovation outcomes: The role of institutional quality

Sharma, Abhijit; Sousa, Cristina; Woodward, Richard

doi:10.1016/j.technovation.2022.102562

Cited by 34 publications

(17 citation statements)

References 162 publications

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“…It is worth mentioning that innovation indices, which have a synthetic character and are aimed at making international comparisons, apart from the above-mentioned groups of indicators, also take into account various indicators referring to prerequisites for doing business (Roszko-Wójtowicz & Białek, 2019;Mikhaylova et al, 2019). Research shows that most inno-vation-related indicators are strongly correlated with the productive structure of each economy (compare Mamede, 2017;Sharma et al 2022;Kirillova & Uvarova, 2021). Pearson correlation coefficients between most IUS indicators and the weight of knowledge/technology-intensive manufacturing and services activities in total business employment for the European countries are statistically significant, e.g.…”

Section: Literature Reviewmentioning

confidence: 99%

In search of key determinants of innovativeness in the regions of the Visegrad group countries

Roszko‐Wójtowicz

Dańska-Borsiak

Grzelak

et al. 2022

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Research background: Discussions on the state of the economy in times of crisis focus not only on maintaining or improving innovativeness, but also on the emergence of new dimensions of this phenomenon and changing the significance of individual determinants of innovativeness. Innovativeness is a complex, multidimensional and difficult to measure phenomenon, which implies the need to select various indicators and methods for its assessment. Synthetic measures of innovativeness are widely used in comparative analyses, in particular presenting results in international or interregional cross-sections. The degree of innovativeness should also be assessed at different levels of economic aggregation. The lower the level of aggregation, the easier it becomes to capture the specific determinants of the increase in innovativeness of a given area. Purpose of the article: The main aim of the paper is to attempt to measure the relationship between expenditures and results of innovative activities for NUTS-2 regions of the Visegrad Group countries. Three variables were adopted to describe the effects of innovative activity: PCT patent applications per billion GDP (in PPS), trademark applications per billion GDP (in PPS) and public-private co-publications per million of population. Methods: The study covered 37 NUTS-2 regions of the Visegrad Group countries in the years 2014?2021. From the point of view of the purpose of the paper and the need to search for the relationship between expenditures on innovative activity and the results of this activity, it is worth emphasizing that the use of static and dynamic econometric models proved to be a substantively correct solution leading to the formulation of clear conclusions. Findings & value added: The conducted research confirmed that business R&D expenditure on GDP has a positive effect on inventions expressed by patents and trademarks, especially in the long run. In addition, the literature review and empirical analyses indicate that the main determinants of innovativeness (both before and during the pandemic) are the expenditures of economic entities on R&D, competences expressed by the level of education or participation in tertiary education, as well as the number of ICT specialists and the percentage of people employed in science and technology. Despite the deterioration of many macroeconomic indicators in the countries of the Visegrad Group, the expenditures of the business sector on R&D in most regions did not decrease between 2019 and 2021. The added value of the paper is the presented research procedure, which can be used in analyses of innovativeness also for other groups of regions.

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Section: Literature Reviewmentioning

confidence: 99%

In search of key determinants of innovativeness in the regions of the Visegrad group countries

Roszko‐Wójtowicz

Dańska-Borsiak

Grzelak

et al. 2022

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“…Moreover, the relationship between institutions and innovation constitutes a growing field of research (Rodrik et al, 2004). As a result, institutional conditions and institutional quality are inextricably interlinked to a business environment conducive to innovation (Sharma et al, 2022).…”

Section: Review Of Literaturementioning

confidence: 99%

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2022

IJBESAR

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AIM AND SCOPEThe International Journal of Business and Economic Sciences Applied Research (IJBESAR) is a blind peer-reviewed, scholarly journal devoted to publishing high-quality papers and sharing original business and economics research worldwide. The Journal considers only manuscripts that have not been published (or submitted simultaneously), at any language, elsewhere. Contributions are in English. The authors retain the copyright of their work without restrictions. The Journal is issued both in electronic form (for free) and in printed form as annual volume (free for the authors). The Journal accepts 9 types of articles defined as follows:1. Research Articles: A research article is a regular article which aims to present new findings. 2. Letters to the Editor: A letter to the editor is a short article which aims to present new findings that require fast publication procedures. 3. Notes: A note is an article (regular or short) which aims to present rather new findings. 4. Comments: A comment is a short article that makes comments on another article already published by this journal or replies to a comment; 5. Review Articles: A review article is an article which aims to present comprehensively already existing findings.6. Lecture Notes: A lecture note is a short review article. 7. Monographs: A monograph is a thesis of one or more authors on a unique subject; apart from the standard reviewing procedures, a monograph must also be accepted from a committee of specialists appointed by the Editor. 8. Innovations: An innovation is an article which aims to present new procedures or devices. 9. Selected conference articles: Upon an agreement with a conference committee, selected papers may be published by the Journal in a special section. In this case the editor will appoint in collaboration with the conference committee guest editors.

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“…Throughout this paper, we aim to demonstrate, from a management point of view, that a higher knowledge production in the KPP does not always have to go hand in hand with a higher knowledge commercialization of that production in the KCP. In relation to the innovation systems theory approach (Edquist, 2013; Sharma et al. , 2022), the factors influencing business innovation are key to measurement of the level of organizational efficiency in innovation.…”

Section: Introductionmentioning

confidence: 99%

Knowledge production and commercialization from R&D: the pharmaceutical sector

Valderrama

Sánchez-Ortiz

Mulero-Mendigorri

2023

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PurposeThe objective of this work is to demonstrate the relationships between the two main processes of research and development (R&D) activities: the knowledge generation phase (KPP) and the knowledge commercialization, or transfer, phase (KCP), in a sector that is intensive in this type of activity, such as the pharmaceutical sector. In addition, within the framework of the general objective of this work, the authors propose two other objectives: (1) make advances in network efficiency measurement models, and (2) determine the factors associated with efficiency in the KPP and in the KCP in companies of the pharmaceutical sector in Spain.Design/methodology/approachA Network Data Envelopment Analysis (NDEA) model (Färe and Grosskopf, 2000) with categorical variables (Lee et al., 2020; Yeh and Chang, 2020) has been applied, and a sensitivity analysis of the obtained results has been performed through a DEA model of categorical variables, in accordance with the work of Banker and Morey (1986), to corroborate the results of the proposed model. The sample is made up of 77 companies in the pharmaceutical sector in Spain.FindingsThe results obtained point to a greater efficiency of pharmaceutical companies in the KPP, rather than in the KCP. Furthermore, the study finds that 1) alliances between companies have been the accelerating factors of efficiency in the KCP (but patents have slowed this down the most); 2) the quality of R&D and the number of R&D personnel are the factors that most affect efficiency in the KPP; and 3) the quality of R&D again, the benefits obtained and the position in the market are the factors that most affect efficiency in the KCP.Originality/valueThe authors have not found studies that show whether the efficiency obtained by R&D-intensive companies in the KPP phase is related to better results in terms of efficiency in the KCP phase. No papers have been found that analyse the role of alliances between R&D-intensive companies and patents, as agents that facilitate efficiency in the KCP phase, covering the gap in the research on both problems. Notwithstanding, this work opens up a research path which is related to the improvement of network efficiency models (since it includes categorical variables) and the assessment of the opinions of those who are responsible for R&D departments; it can be applied to decision-making on the aspects to improve efficiency in R&D-intensive companies.

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Determinants of innovation outcomes: The role of institutional quality

Cited by 34 publications

References 162 publications

In search of key determinants of innovativeness in the regions of the Visegrad group countries

In search of key determinants of innovativeness in the regions of the Visegrad group countries

Untitled

Knowledge production and commercialization from R&D: the pharmaceutical sector

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