Publication
2012
This paper presents an empirical analysis of the innovative activities of business groups in Latin America. It compares the innovativeness of group-affiliated firms (GAFs) and standalone firms (SAFs), and it investigates how country-specific institutional factors – financial, legal, and labor market institutions – affect the group-innovation relationship. The econometric results point out, firstly, that GAFs are more innovative than SAFs. Secondly, across countries, the innovativeness of GAFs is higher for national economies with a better institutional system than for countries with a less efficient institutional set-up.
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English (PDF, 41 pages, 1.0 MB) |
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Author | Fulvio Castellacci |
Series | NUPI Working Papers |
Issue | 809 |
Publisher | Norwegian Institute of International Affairs (NUPI) |
Copyright | © 2012 Norwegian Institute of International Affairs (NUPI) |