TY - JOUR
T1 - Corporate innovations as institutional anomie
T2 - Patent activities and financial performance of the international aerospace industry
AU - Yang, Ann Shawing
AU - Okada, Hiromu
PY - 2019/3
Y1 - 2019/3
N2 - We analyze the relationship between corporate innovation and corporate performance in the international aerospace industry via institutional anomie theory. Panel data analysis with mixed-effect models is applied using material from 2000 to 2016. Research and development and market value have significant influence on corporate innovation as positive institutional anomie for aircraft and missile sub-industries. However, operating performance exerts a significant negative influence on aerospace industry including emerging and developed countries. Market value has a significant negative influence on the patenting activities of emerging countries. Firm age has significant influence on corporate innovation by enhancing positive institutional anomie in patent activities.
AB - We analyze the relationship between corporate innovation and corporate performance in the international aerospace industry via institutional anomie theory. Panel data analysis with mixed-effect models is applied using material from 2000 to 2016. Research and development and market value have significant influence on corporate innovation as positive institutional anomie for aircraft and missile sub-industries. However, operating performance exerts a significant negative influence on aerospace industry including emerging and developed countries. Market value has a significant negative influence on the patenting activities of emerging countries. Firm age has significant influence on corporate innovation by enhancing positive institutional anomie in patent activities.
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U2 - 10.1016/j.frl.2018.06.001
DO - 10.1016/j.frl.2018.06.001
M3 - Article
AN - SCOPUS:85048340715
SN - 1544-6123
VL - 28
SP - 328
EP - 336
JO - Finance Research Letters
JF - Finance Research Letters
ER -