The impact of institutions on SMEs' innovation in transition economies

Q3 Economics, Econometrics and Finance

International Journal of Entrepreneurship and Innovation Management Pub Date : 2019-05-31 DOI:10.1504/IJEIM.2019.10021654

Albulena Kadriu, B. Krasniqi, C. Boari

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引用次数: 8

Abstract

This study aims to investigate the institutional impact on innovation of firms across 30 transition economies in Central Asia and Eastern Europe. Building on the institutional theory literature, we hypothesise on the direct influence of formal and informal institutions on innovation, also taking into consideration the interaction effects between them, where the latter plays the role of moderator variable, and third, we examine the European Union (EU) membership as control variable. The study uses structural equation modelling (SEM) and data from Business Environment and Enterprise Performance Surveys (BEEPSs) conducted by the World Bank/European Bank for Reconstruction and Development (EBRD) in 2012-2014 to understand the impact of institutional factors on innovation of SMEs in transition economies. Findings suggest that the perceived institutional obstacles to innovation are overcome by the use of bribery to compensate for government ineffectiveness, bureaucracy and inflexible legislation that inhibits smooth economic activities.

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转型经济中制度对中小企业创新的影响

本研究旨在探讨制度对中亚和东欧30个转型经济体企业创新的影响。在制度理论文献的基础上，我们假设了正式制度和非正式制度对创新的直接影响，并考虑了它们之间的互动效应，其中后者扮演了调节变量的角色，第三，我们研究了欧盟(EU)成员国身份作为控制变量。该研究使用结构方程模型(SEM)和世界银行/欧洲复兴开发银行(EBRD)在2012-2014年进行的商业环境与企业绩效调查(beeps)的数据来了解制度因素对转型经济体中小企业创新的影响。研究结果表明，利用贿赂来弥补政府效率低下、官僚主义和阻碍顺利经济活动的缺乏灵活性的立法，可以克服对创新的制度性障碍。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Journal of Entrepreneurship and Innovation Management Economics, Econometrics and Finance-Economics and Econometrics

CiteScore

1.60

自引率

0.00%

发文量

期刊介绍： IJEIM provides a refereed and authoritative source of information and international forum in the field of entrepreneurship and innovation management and related topics. It offers an interface between entrepreneurship and innovation, as well as business corporate strategy and government economic policy. The journal is supported by the International Society for Professional Innovation Management (ISPIM). Topics covered include Corporate innovation restructuring Managing/leading fast-paced high-tech start-ups Intrapreneurship/corporate venturing International aspects of entrepreneurship Entrepreneurship in economic development New business incubators, networks, technology parks, etc Government policies Venture capital, government funds/grants Technological/organisational innovation Strategic cooperation among SMEs Case studies, lessons learnt Strategy development/implementation where high-tech/market risk Innovation, technopreneurship, licensing/franchising Marketing of innovations/by entrepreneurs Cross-cultural management.