This thesis carries out empirical investigations of the possible impacts of
institutions relating to different aspects of innovation, namely incremental
innovation activities, collaborative research and development (R&D)
activities and radical innovation outcomes.
It comprises three studies. The first empirical study focuses on examining
the impact of financial constraints and intellectual property rights (IPR)
protection on incremental innovation. Using firm-level data from transition
countries and employing a two-step probit model with endogenous
regressors, this study provides evidence that both financing constraints and
strong IPR protection are negatively associated with the incremental
innovation activities of firms. Results also confirm that financing constraints
faced by firms are significantly influenced by the overall levels of
development of financial institutions within a country.
The second empirical study looks at the effects of contracting institutions
and intellectual property institutions on firms’ collaborative research and
development (R&D) activities in developing and transition countries. By
employing the Cragg double-hurdle model, this study finds that efficient
contract enforcement has a positive effect on the likelihood of firms engaging in R&D partnership and the intensity of firms' expenditures on
collaborative R&D. On the other hand, the decision of firms to participate in
R&D partnerships and their level of expenditure on collaborative R&D are
adversely affected by the strength of IPR protection.
The third empirical study investigates the influences of a set of institutions
on producing new-to-the-world technologies, as measured by patents. This
study is conducted by using a large panel dataset of 98 developed and
developing countries over a period of 23 years. Building on the idea
production framework, the unconditional quantile regression (UQR)
estimates of this study show that along with key research inputs (i.e.,
existing knowledge stock and resources devoted to R&D), the strength of
IPR protection, quality of governance and functioning of financial institutions
are also significant determinants of the patent output of a country. The UQR
methodology also demonstrates that the effects of institutions on patent production are heterogeneous throughout the various quantiles of patent output distribution.
This thesis, therefore, offers an example of how the new institutional
economics (NIE) theory is applicable in analysing innovation performances.
The findings of this thesis propose useful policy directions that can assist
policymakers and managers in accelerating innovation and technological
development. / Ministry of Public Administration, the Government of the People’s Republic of Bangladesh
| Identifer | oai:union.ndltd.org:BRADFORD/oai:bradscholars.brad.ac.uk:10454/18681 |
| Date | January 2020 |
| Creators | Abdin, Joynal |
| Contributors | Wang, Chengang, Trivedi, Rohit, Sharma, Abhijit |
| Publisher | University of Bradford, Accounting, Finance and Economics Research Centre, Faculty of Management, Law and Social Sciences |
| Source Sets | Bradford Scholars |
| Language | English |
| Detected Language | English |
| Type | Thesis, doctoral, PhD |
| Rights | <a rel="license" href="http://creativecommons.org/licenses/by-nc-nd/3.0/"><img alt="Creative Commons License" style="border-width:0" src="http://i.creativecommons.org/l/by-nc-nd/3.0/88x31.png" /></a><br />The University of Bradford theses are licenced under a <a rel="license" href="http://creativecommons.org/licenses/by-nc-nd/3.0/">Creative Commons Licence</a>. |
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