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Title: National culture and corporate innovation
Authors: Chen, YY 
Podolski, EJ
Veeraraghavan, M
Keywords: National culture
Corporate innovation
Innovation efficiency
Issue Date: 2017
Publisher: Elsevier
Source: Pacific basin finance journal, 2017, v. 43, p. 173-187 How to cite?
Journal: Pacific basin finance journal 
Abstract: In this paper, we examine how cultural norms along the dimensions of individualism-collectivism and uncertainty-avoidance affect corporate innovation. Using a comprehensive sample across 41 countries, we find that firms located in countries with higher levels of individualism generate more and higher impact patents, and are more efficient in converting R & D into innovative output. In contrast, we find that firms located in countries with higher levels of uncertainty avoidance produce fewer and less significant patents, and are less efficient with their R & D expenditure. Taken together, our findings show that national culture plays an important role in influencing corporate innovation around the world.
ISSN: 0927-538X
EISSN: 1879-0585
DOI: 10.1016/j.pacfin.2017.04.006
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