Corporate innovations as institutional anomie: Patent activities and financial performance of the international aerospace industry

Ann Shawing Yang, Hiromu Okada

Research output: Contribution to journalArticlepeer-review

4 Citations (Scopus)

Abstract

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.

Original languageEnglish
Pages (from-to)328-336
Number of pages9
JournalFinance Research Letters
Volume28
DOIs
Publication statusPublished - 2019 Mar

All Science Journal Classification (ASJC) codes

  • Finance

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