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Entrepreneurship, innovation, and internationalization: The moderating role of the institutions

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  • Stephanie Prada-Villamizar
  • Esther Sánchez-Peinado

Abstract

The favorable effects of innovation and internationalization on the development of the economies of countries have been prominent factors in multiple management studies. The objective of this document is to make a theoretical review of the studies contained in the ScienceDirect (Elsevier) and ResearchGate databases, to offer an integrating framework of those institutional factors in the countries that favor the positive spillover of these two strategic actions carried out by companies: innovation and internationalization. As a result, we observed that an institutional framework characterized by a simplification of bureaucratic administrative procedures to access the financial resources necessary to undertake growth and innovation in companies, a favorable climate for collaboration between companies and universities or an institutional commitment to favor transparency and technological support for companies, are institutional key elements to address growth strategies by companies.

Suggested Citation

  • Stephanie Prada-Villamizar & Esther Sánchez-Peinado, 2021. "Entrepreneurship, innovation, and internationalization: The moderating role of the institutions," Estudios Gerenciales, Universidad Icesi, vol. 37(160), pages 506-517, August.
    • Handle: RePEc:col:000129:019533
    DOI: 10.18046/j.estger.2021.160.4307
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    More about this item

    Keywords

    institutions; innovation; internationalization;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth

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