Innovation patterns and intellectual property in SMEs of a developing country
Daniela Laureiro and
Clemente Forero ()
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Alejandra Marín: School of Management, Universidad de Los Andes
Daniela Laureiro: School of Management, Universidad de Los Andes
Clemente Forero: School of Management, Universidad de Los Andes
No 17, Galeras. Working Papers Series from Universidad de Los Andes. Facultad de Administración. School of Management
Based on empirical results, this article reopens the discussion about the relationship between intellectual property and innovation in developing countries. Intellectual property grants a monopoly over the commercial exploitation of innovations. Ex-ante, this monopoly may promote innovation but ex-post it may become a disincentive to diffusion and, under certain conditions, to subsequent innovations. After reviewing the terms of the debate in the classical and current literature, the article addresses two empirical issues: first, it characterizes different coexisting innovation patterns of small and medium enterprises in a developing country (Colombia); second, it relates these patterns with the innovation performance, intellectual property behaviour and other characteristics of these firms
Keywords: Corporate control; multiple blockholders; corporate governance; firm value; colombian corporations (search for similar items in EconPapers)
Pages: 27 pages
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Persistent link: https://EconPapers.repec.org/RePEc:uac:somwps:017
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