IDEAS home Printed from https://ideas.repec.org/a/ids/ijbfmi/v2y2016i4p347-358.html
   My bibliography  Save this article

Competition and technology acquisition among Nigerian firms

Author

Listed:
  • Adekemi Jessica Oluwadare
  • Olufemi Obembe
  • David Oluseun Olayungbo

Abstract

Scholarly investigations into the impact of competition on innovative activities have provided mixed results which range from finding that imperfectly competitive markets are better at stimulating innovative activity to finding the complete opposite. Most of these studies have been carried out in developed economies, with little evidence on developing countries, especially Nigeria. This study seeks to provide empirical evidence on how firms in Nigeria respond with respect to the acquisition of technology when they face competition. Competition in this context is defined by the Price-Cost Margin (PCM) and technology acquisition is derived by summing expenditure on R%D, technical fees/licenses and royalty payments. The data obtained from 42 manufacturing firms listed on the Nigerian Stock Exchange between 2001 and 2013 was analysed using the Arellano and Bond Generalised Method of Moments (GMM) technique. The result shows that competition has a positive and significant impact on technology acquisition among Nigerian firms.

Suggested Citation

  • Adekemi Jessica Oluwadare & Olufemi Obembe & David Oluseun Olayungbo, 2016. "Competition and technology acquisition among Nigerian firms," International Journal of Business Forecasting and Marketing Intelligence, Inderscience Enterprises Ltd, vol. 2(4), pages 347-358.
    • Handle: RePEc:ids:ijbfmi:v:2:y:2016:i:4:p:347-358
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=80130
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    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:ids:ijbfmi:v:2:y:2016:i:4:p:347-358. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=156 .

    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.