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Impact of competition from unregistered firms on R&D investment by industrial sectors in emerging economies

Impact of competition from unregistered firms on R&D investment by industrial sectors in emerging economies
Impact of competition from unregistered firms on R&D investment by industrial sectors in emerging economies
This research evaluates the impact of competition from unregistered firms on R&D investment by formal firms in emerging economies by considering their industrial sector and institutional factors, such as intellectual property rights. We performed a study using the propensity score matching approach and the World Bank Enterprise Survey of 16 Latin American emerging economies. We observed that the R&D investment response of formal firms varies according to the typology of industrial sectors. Supplier-dominated industries reduce investments in R&D when confronted with the informal sector. However, science-based, specialized suppliers and scale-intensive industries do not alter their investments. In addition, the level of intellectual property (e.g., IPRI) modifies the effect of the informal sector on R&D investment. Formal firms reduce their investments in R&D when the IPRI environment is underdeveloped. This reduction does not occur in highly developed IPRI environments. We also discuss the finding's theoretical and practical implications and suggest avenues for future research.
0040-1625
179-189
Heredia Pérez, Jorge A.
1dae9124-8272-4364-ae3e-b30050bdc7a9
Kunc, Martin H.
0b254052-f9f5-49f9-ac0b-148c257ba412
Durst, Susanne
77629306-6478-4f35-ab07-650ee6d81200
Flores, Alejandro
26d39924-c333-4a23-b5e3-af313ded9723
Geldes, Cristian
80df35fe-b311-4840-9b1d-f01161d84039
Heredia Pérez, Jorge A.
1dae9124-8272-4364-ae3e-b30050bdc7a9
Kunc, Martin H.
0b254052-f9f5-49f9-ac0b-148c257ba412
Durst, Susanne
77629306-6478-4f35-ab07-650ee6d81200
Flores, Alejandro
26d39924-c333-4a23-b5e3-af313ded9723
Geldes, Cristian
80df35fe-b311-4840-9b1d-f01161d84039

Heredia Pérez, Jorge A., Kunc, Martin H., Durst, Susanne, Flores, Alejandro and Geldes, Cristian (2018) Impact of competition from unregistered firms on R&D investment by industrial sectors in emerging economies. Technological Forecasting and Social Change, 133, 179-189. (doi:10.1016/j.techfore.2018.03.028).

Record type: Article

Abstract

This research evaluates the impact of competition from unregistered firms on R&D investment by formal firms in emerging economies by considering their industrial sector and institutional factors, such as intellectual property rights. We performed a study using the propensity score matching approach and the World Bank Enterprise Survey of 16 Latin American emerging economies. We observed that the R&D investment response of formal firms varies according to the typology of industrial sectors. Supplier-dominated industries reduce investments in R&D when confronted with the informal sector. However, science-based, specialized suppliers and scale-intensive industries do not alter their investments. In addition, the level of intellectual property (e.g., IPRI) modifies the effect of the informal sector on R&D investment. Formal firms reduce their investments in R&D when the IPRI environment is underdeveloped. This reduction does not occur in highly developed IPRI environments. We also discuss the finding's theoretical and practical implications and suggest avenues for future research.

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final version tech forecasting and social change heredia et al - Accepted Manuscript
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Accepted/In Press date: 27 March 2018
e-pub ahead of print date: 22 April 2018
Published date: 1 August 2018

Identifiers

Local EPrints ID: 427560
URI: http://eprints.soton.ac.uk/id/eprint/427560
ISSN: 0040-1625
PURE UUID: ce5b0685-5d39-467b-8b40-206a9ee67b3b
ORCID for Martin H. Kunc: ORCID iD orcid.org/0000-0002-3411-4052

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Date deposited: 23 Jan 2019 17:30
Last modified: 27 Apr 2022 04:20

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Contributors

Author: Jorge A. Heredia Pérez
Author: Martin H. Kunc ORCID iD
Author: Susanne Durst
Author: Alejandro Flores
Author: Cristian Geldes

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