High on Creativity: The Impact of Social Liberalization Policies on Innovation
| Autor: | Keyvan Vakili, Laurina Zhang |
|---|---|
| Rok vydání: | 2016 |
| Předmět: |
Strategy and Management
media_common.quotation_subject Social policies Abortion DD Creativity LW Product innovation Market economy Political science FM 0502 economics and business Openness to experience LXMG 050207 economics Business and International Management media_common Legalization Liberalization 05 social sciences Novelty Social environment Diversity in the workplace Business Economic system 050203 business & management Diversity (business) |
| Zdroj: | SSRN Electronic Journal. |
| ISSN: | 1556-5068 0143-2095 |
| DOI: | 10.2139/ssrn.2883409 |
| Popis: | We use a large-sample inductive approach to explore the impact of two social liberalization policies (legalization of same-sex civil unions and medical marijuana) and one anti-liberalization policy (passage of abortion restrictions) on innovation. First, we show that liberalization policies increase state-level patenting while the anti-liberalization policy reduces patenting. Next, we examine three possible mechanisms that could explain the findings. The results suggest that liberalization policies can increase the collaboration diversity of inventors, and hence the rate, novelty, and impact of their innovation output, through promoting more liberal views and more openness to diversity. We also find speculative evidence that social liberalization policies increase entrepreneurial entry through promoting more diverse social interactions. We do not find evidence for liberal policies attracting top inventors from other regions. |
| Databáze: | OpenAIRE |
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