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The impact of cultural orientation towards secrecy on innovation

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  • Machokoto, Michael

Abstract

Our empirical analyses, based on a large international dataset of private firms, show that a cultural orientation towards secrecy significantly negatively affects the likelihood of investing in innovation. This finding is robust to a host of concerns and suggests that cultural orientation towards secrecy explains a significant portion of the cross-country variations in private firms’ innovation.

Suggested Citation

  • Machokoto, Michael, 2024. "The impact of cultural orientation towards secrecy on innovation," Economics Letters, Elsevier, vol. 234(C).
    • Handle: RePEc:eee:ecolet:v:234:y:2024:i:c:s0165176523005359
    DOI: 10.1016/j.econlet.2023.111509
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    References listed on IDEAS

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    Cited by:

    1. Lawal, Rodiat & Sakariyahu, Rilwan, 2024. "Investor heterogeneity and global stock market participation," Economics Letters, Elsevier, vol. 242(C).

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    More about this item

    Keywords

    Innovation; Secrecy; Culture; Emerging markets; Private firms;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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