IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/116932.html
   My bibliography  Save this paper

An Examination of the Economic and Social Impacts of Corporate Innovation and Interventions

Author

Listed:
  • Maestracci, Aria

Abstract

There has been a major shift in the concept of innovation as one of the key factors of production, as a factor that drives and sustains a company's productivity and competitiveness, of innovation as a key factor ofproduction. Despite the fact that the importance of innovation continues to grow, it is observed that existing studies have produced a variety of results regarding the factors that drive firm-level innovations, despite the increasing importance placed on innovation. Throughout the world, there are a number of factors that drive innovation in a company, whether it is in the service sector or in the manufacturing sector, and this study examines some of these factors. A number of research results suggest thatcertain aspects of the business environment, such as policy instability, legal institutions, corruption, and informal competition, have a negative impact on the introduction of non-technological innovations, as indicated in the research findings. Additionally, the results indicate that both technological and non-technological innovations are positively impacted by formal training, multinational technology companies, and research and development. These effects have both marginal and additional effects. The paper aims at providing practical implications for firm managers and policymakers around the world concerning how the business environment can be improved in order to make it more conducive to innovative activity at the firm level, thus making it a more conducive business environment for generating innovations at the firm level.

Suggested Citation

  • Maestracci, Aria, 2023. "An Examination of the Economic and Social Impacts of Corporate Innovation and Interventions," MPRA Paper 116932, University Library of Munich, Germany, revised 03 Feb 2023.
  • Handle: RePEc:pra:mprapa:116932
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/116932/1/MPRA_paper_116932.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Siddhartha Paul Tiwari, 2022. "Knowledge Enhancement and Understanding of Diversity," Technium Social Sciences Journal, Technium Science, vol. 30(1), pages 159-163, April.
    2. Max S. Wortman, 1990. "Rural entrepreneurship research: An integration into the entrepreneurship field," Agribusiness, John Wiley & Sons, Ltd., vol. 6(4), pages 329-344.
    3. Daniel F. Jennings & Dean M. Young, 1990. "An Empirical Comparison between Objective and Subjective Measures of the Product Innovation Domain of Corporate Entrepreneurship," Entrepreneurship Theory and Practice, , vol. 15(1), pages 53-66, October.
    4. Tiwari, Siddhartha Paul, 2022. "Re-emergence of Asia in the New Industrial Era," SocArXiv g9tv5, Center for Open Science.
    5. Edwin Mansfield, 1986. "Patents and Innovation: An Empirical Study," Management Science, INFORMS, vol. 32(2), pages 173-181, February.
    6. Siddhartha Paul Tiwari, 2022. "Re-emergence of Asia in the New Industrial Era," Technium Social Sciences Journal, Technium Science, vol. 29(1), pages 471-480, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Maestracci, Aria, 2023. "Developing a framework for scaling M-governance in Asia: Issues and Challenges," MPRA Paper 116952, University Library of Munich, Germany.
    2. Aria, Dr, 2021. "Technological Innovation and Corporate Entrepreneurship: A Study," MPRA Paper 116344, University Library of Munich, Germany.
    3. Dayal Saraswat, Kinshuk, 2022. "Technology-Based Risk Management for Rural Sectors and Natural Disasters in Developing Countries," MPRA Paper 115480, University Library of Munich, Germany.
    4. Sharma, Rahul, 2022. "Transformation of rural areas through the use of technology: opportunities for women and youth," MPRA Paper 115336, University Library of Munich, Germany.
    5. Heikkinen, Daan, 2023. "The Need for Green Data Centers in Modern Society: Technology, Economy and Environmental Sustainability," MPRA Paper 116245, University Library of Munich, Germany.
    6. Driskell, David, 2022. "Strategies for sustainable data centers: technology and sustainability in modern society," MPRA Paper 115434, University Library of Munich, Germany.
    7. Zhang, Shoucheng, 2022. "Impact of the Agricultural Supply Chain on Society: A Post-Covid Analysis," MPRA Paper 115355, University Library of Munich, Germany.
    8. Singh Tomar, Ashish, 2022. "The Socio-Economic Challenges Facing Asia Due to Insufficient Earnings and Employment," MPRA Paper 115540, University Library of Munich, Germany.
    9. Nguyen, Oliver, 2023. "Digital Economy and Its Components: A Brief Overview and Recommendations," MPRA Paper 116110, University Library of Munich, Germany.
    10. Singh Tomar, Arun, 2022. "An Analysis of the Development of a Smart, Environmentally Friendly, and Technologically Sustainable City: A Necessity for the Future," MPRA Paper 115451, University Library of Munich, Germany.
    11. Oliver, Dr, 2023. "Economic impact of the digital revolution on the Asian economy," MPRA Paper 116052, University Library of Munich, Germany.
    12. Goyal, Krishna, 2022. "An Analysis of the Effects of Service Quality on Society of Mobile Technology Applications Used by Banks," MPRA Paper 115366, University Library of Munich, Germany.
    13. Singhal, Bhoomika, 2022. "Using artificial intelligence to benefit society in Asia: opportunities and challenges," MPRA Paper 115421, University Library of Munich, Germany.
    14. Siddhartha Paul Tiwari, 2022. "Knowledge Enhancement and Understanding of Diversity," Technium Social Sciences Journal, Technium Science, vol. 30(1), pages 159-163, April.
    15. Banasiewicz, George, 2022. "New media technologies, fake news, and disinformation: challenges for the society," MPRA Paper 115282, University Library of Munich, Germany.
    16. Sharma, Devashish, 2022. "The use of technology to counter frauds and scams for the benefit of society: a detailed study," MPRA Paper 115323, University Library of Munich, Germany.
    17. Heikkinen, Daan, 2023. "Changes In Learning Behaviors Post Pandemic: A New Era In Learning Economy," MPRA Paper 116912, University Library of Munich, Germany.
    18. Preminger, Ambrose Jude, 2022. "Study Examining New Technologies and Sustainable Development with a Focus on Social Entrepreneurship," MPRA Paper 115295, University Library of Munich, Germany.
    19. Zhang, Shoucheng, 2022. "Procurement technology and its impact on the economy: harnessing the power of sustainable procurement," MPRA Paper 115840, University Library of Munich, Germany.
    20. Clayton, Bernard, 2022. "The Role of Technology and Mobile Governance in Today’s Society: Analyzing How Apps Are Used in Governance," MPRA Paper 115265, University Library of Munich, Germany.

    More about this item

    Keywords

    Innovative technologies; technological interventions and innovations; the business environment; society and technology; policy institutions; multinational corporations and innovation.;
    All these keywords.

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O35 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Social Innovation

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:116932. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.