The role of formal and informal institucions in the use of patenst

  1. Garrido Martínez, Elisabet 1
  2. Gómez Villascuerna, Jaime 2
  3. Vargas Montoya, Pilar 2
  1. 1 Universidad de Zaragoza
    info

    Universidad de Zaragoza

    Zaragoza, España

    ROR https://ror.org/012a91z28

  2. 2 Universidad de La Rioja
    info

    Universidad de La Rioja

    Logroño, España

    ROR https://ror.org/0553yr311

Actas:
XXVII Congreso de ACEDE 2017. Estrategia, Cambio y Redes Empresariales. Aranjuez (Madrid), 18-20 de junio de 2017. Libro de resúmenes
  1. Luis Ángel Guerras Martín (ed. lit.)
  2. José Emilio Navas López (ed. lit.)

Editorial: Asociación de Economía y Dirección de Empresas

ISBN: 978-84-697-3588-6

Año de publicación: 2017

Páginas: 112

Congreso: XXVII Congreso de ACEDE 2017. Estrategia, Cambio y Redes Empresariales. Aranjuez (Madrid), 18-20 de junio de 2017

Tipo: Aportación congreso

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Resumen

The paper analyses the institutional determinants of the likelihood of patenting innovations.We focus on the influence that the level of property right protection and corruption have inpromoting the use of patents as two key dimensions of formal institutions. Additionally, weanalyse how two informal dimensions of institutions, the level of uncertainty avoidance andindividualism, affect the use of patents. We test our hypotheses by using data from theCommunity Innovation Survey (CIS) of over 10,000 firms in 12 European countries duringthe period 1998-2000. Findings show that the level of property right protection, freedomfrom corruption and the tendency towards individualism increases the use of patents. On thecontrary, a higher degree of uncertainty avoidance reduces the likelihood of using patents tocapture value from innovations.