Business perception of obstacles to innovate: Evidence from Chile with pseudo-panel data analysis

Rodrigo Ortiz, Viviana Fernandez

Research output: Contribution to journalArticlepeer-review

2 Scopus citations

Abstract

The extant literature on firm-level innovation has primarily focused on the driving forces of successful innovation; thus, paying less attention to obstacles associated with innovation inputs and outputs. On the other hand, most studies on innovation impediments have concentrated on financial obstacles, overlooking other kinds of barriers as important for companies engaged in innovation. This article fills this gap by studying the impact of perceived obstacles on a set of inputs to and outputs from the innovation process. Empirical results based on the 6th-10th Chile Business Innovation Surveys confirm that perceived non-financial obstacles, such as knowledge, cooperation, market, demand, and regulation, are as important as perceived financial impediments.

Original languageEnglish
Article number101563
JournalResearch in International Business and Finance
Volume59
DOIs
StatePublished - Jan 2022
Externally publishedYes

Keywords

  • Factor analysis
  • Innovation input
  • Innovation output
  • Perceived obstacles to innovate
  • Pseudo-panel modeling
  • R&D activities

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