Influence of intellectual property rights on innovation capability in new technology-based firms

Autor:	Arnold Alejandro Tafur-Mendoza, Julio César Acosta-Prado, Néstor Juan Sanabria-Landazábal, Oscar H. López-Montoya, Carlos Sanchís-Pedregosa
Rok vydání:	2020
Předmět:	Variation (linguistics) Empirical research Cover (telecommunications) Strategy and Management Developing country Business Latent variable Business and International Management Intellectual property Safeguarding Law Industrial organization Innovation development
Zdroj:	International Journal of Intellectual Property Management. 10:216
ISSN:	1478-9655 1478-9647
DOI:	10.1504/ijipm.2020.111367
Popis:	Innovation marks the future for organisations and affects the length of their existences by asking organisations for capabilities needed to keep their game on the playfield. However, innovation development requires legal conditions to guarantee the fair and appropriate use of its outcomes. Intellectual property rights (IPRs) seek to cover this issue, although it has not the same application in different regions like Latin-America where innovation performs in different, not deeply explored pattern. This study aims to analyse influence of IPRs on innovation capability (IC) in 102 Colombian new technology-based firms (NTBFs) located in business incubators and technology parks. The empirical study had a latent variable design and was analysed through covariance-based SEM (CB-SEM). Results show that IPRs account for 20% of variation in IC (medium influence). Hence, as IPRs promote innovation by safeguarding the benefits of its outcomes, IPRs are important in developing economies such Colombia and particularly for NTBFs.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::a680a43981b273d5b6cad581c36d111f https://doi.org/10.1504/ijipm.2020.111367 Zobrazit plný text záznamu