National culture and corporate innovation

Research output: Journal Publications and Reviews (RGC: 21, 22, 62)21_Publication in refereed journalpeer-review

30 Scopus Citations
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Author(s)

Detail(s)

Original languageEnglish
Pages (from-to)173-187
Journal / PublicationPacific-Basin Finance Journal
Volume43
Online published22 Apr 2017
Publication statusPublished - Jun 2017
Externally publishedYes

Abstract

In this paper, we examine how cultural norms along the dimensions of individualism-collectivism and uncertainty-avoidance affect corporate innovation. Using a comprehensive sample across 41 countries, we find that firms located in countries with higher levels of individualism generate more and higher impact patents, and are more efficient in converting R&D into innovative output. In contrast, we find that firms located in countries with higher levels of uncertainty-avoidance produce fewer and less significant patents, and are less efficient with their R&D expenditure. Taken together, our findings show that national culture plays an important role in influencing corporate innovation around the world.

Research Area(s)

  • National culture, Corporate innovation, Individualism, Uncertainty-avoidance, Innovation efficiency

Citation Format(s)

National culture and corporate innovation. / Chen, Yangyang; Podolski, Edward J.; Veeraraghavan, Madhu.

In: Pacific-Basin Finance Journal, Vol. 43, 06.2017, p. 173-187.

Research output: Journal Publications and Reviews (RGC: 21, 22, 62)21_Publication in refereed journalpeer-review