Corruption's asymmetric impacts on firm innovation

• 成果类型: Article
• 署名作者: Paunov, Caroline
• 署名单位: Organisation for Economic Co-operation & Development (OECD)
• 刊物名称: JOURNAL OF DEVELOPMENT ECONOMICS
• ISSN/ISSBN: 0304-3878
• DOI: 10.1016/j.jdeveco.2015.07.006
• 发表日期: 2016
• 页码: 216-231
• 关键词: innovation; Quality certificates; patents; CORRUPTION; trust; firm; heterogeneities

摘要

This paper documents the impacts of corruption on smaller- and larger-sized firms' adoption of quality certificates and patents. Using firm-level data for 48 developing and emerging countries, I analyze whether corruption's impacts are stronger on firms operating in industries that use quality certificates and patents more intensively. My results show that corruption reduces the likelihood that firms in these industries obtain quality certificates. Corruption affects particularly smaller firms but has no impacts on exporters or foreign- and publicly-owned firms. While corruption does not reduce patenting, it lowers machinery investments for innovation. By contrast, more reliable business environments foster firms' adoption of quality certificates. (C) 2015 Elsevier B.V. All rights reserved.