Although R&D activities can be efective means for frms to develop their innova tion capacity, the current understanding of which informal institutions afect frms’ propensity to invest in R&D remains limited, especially in emerging and less-devel oped countries. Using a large sample of transition countries, this work investigates whether family ownership and political connections infuence the frm’s propensity to invest in R&D, as well as in a specifc type of open innovation (OI) strategy (i.e. performing simultaneously internal and external R&D activities). According to our evidence, both informal institutions seem encouraging frms to invest in R&D. Moreover, family and political connections appear increasing the engagement in the aforementioned OI strategy. Finally, the two kinds of networks seem to substitute each other in boosting the probability of investing in internal and external R&D activities.
Family firms, political connections, and R&D activities in Eastern European Countries
Cristiana Donati
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2023
Abstract
Although R&D activities can be efective means for frms to develop their innova tion capacity, the current understanding of which informal institutions afect frms’ propensity to invest in R&D remains limited, especially in emerging and less-devel oped countries. Using a large sample of transition countries, this work investigates whether family ownership and political connections infuence the frm’s propensity to invest in R&D, as well as in a specifc type of open innovation (OI) strategy (i.e. performing simultaneously internal and external R&D activities). According to our evidence, both informal institutions seem encouraging frms to invest in R&D. Moreover, family and political connections appear increasing the engagement in the aforementioned OI strategy. Finally, the two kinds of networks seem to substitute each other in boosting the probability of investing in internal and external R&D activities.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.