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    Por favor, use este identificador para citar o enlazar este ítem:https://uvadoc.uva.es/handle/10324/47929

    Título
    The role of political ties and political uncertainty in corporate innovation
    Autor
    Díaz Díaz, Nieves Lidia
    López Iturriaga, Félix JavierAutoridad UVA Orcid
    Santana Martín, Domingo Javier
    Año del Documento
    2021
    Editorial
    Elsevier
    Descripción
    Producción Científica
    Documento Fuente
    Long Range Planning, 2021, In Press, 102111
    Résumé
    We examine the relationship between firms' political connections and corporate innovation in a European context. We also consider the moderating effect of political connections on the relationship between political uncertainty and firms' innovation. We use two different metrics of innovation: R&D (an input measure), and patent counts (an output measure). We find that firms with former politicians on their board of directors invest less in R&D than their counterpart firms. However, the presence of this type of director on the board is positively associated with the number of a firm's patent applications. It seems that, although political ties reduce the amount of resources devoted to R&D activities, they increase the effectiveness of intellectual rights protection. Results also show that political uncertainty decreases R&D investment but exacerbates the need for legal protection of innovation through patents. According to our results, political connections attenuate the effect of political uncertainty on firm innovation such that the negative (positive) effect of uncertainty on R&D intensity (patents) weakens when the firm is politically connected.
    Palabras Clave
    Corporate innovation
    Innovación corporativa
    ISSN
    0024-6301
    Revisión por pares
    SI
    DOI
    10.1016/j.lrp.2021.102111
    Patrocinador
    Ministerio de Economía, Industria y Competitividad (grants ECO2017-84864-P and ECO2017-84132-R)
    Version del Editor
    https://www.sciencedirect.com/science/article/pii/S002463012100042X?via%3Dihub
    Propietario de los Derechos
    © 2021 The Authors
    Idioma
    eng
    URI
    https://uvadoc.uva.es/handle/10324/47929
    Tipo de versión
    info:eu-repo/semantics/publishedVersion
    Derechos
    openAccess
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    • DEP21 - Artículos de revista [58]
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    Role-of-political-ties.pdf
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    Attribution-NonCommercial-NoDerivatives 4.0 InternacionalExcepté là où spécifié autrement, la license de ce document est décrite en tant que Attribution-NonCommercial-NoDerivatives 4.0 Internacional

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