Corporate innovation and its peer's effects

Abstract

This dissertation presents an empirical analysis between the link of corporate innovation decisions and its competitors' response, in understanding how peers behave due to innovation, and which channel drives this behaviour, by exploring peer effects and the respective empirical challenges that peer effects engender. The results are economically and statistically significant, concluding that peer companies perform a relevant impact when firms define their corporate innovation policy. Furthermore, both peers’ investment innovations decisions and peer firms’ characteristics are relevant and considered when firms design their innovation policy. Although, the larger effect on firms’ innovation within the same industry comes from peers’ outcomes.

Date of Award	14 Mar 2018
Original language	English
Awarding Institution	Universidade Católica Portuguesa
Supervisor	Diana Bonfim (Supervisor)