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Prof. (Dr) Madhu Veeraraghavann – Publications

A Comprehensive Record of Peer-Reviewed Research and Global Academic Thought Leadership.

Published: June 2017

National culture and corporate innovation

In this paper, we examine how cultural norms along the dimensions of individualism-collectivism and uncertainty-avoidance affect corporate innovation. Using a comprehensive sample across 41 countries, we find that firms located in countries with higher levels of individualism generate more and higher impact patents, and are more efficient in converting R&D into innovative output. In contrast, we find that firms located in countries with higher levels of uncertainty-avoidance produce fewer and less significant patents, and are less efficient with their R&D expenditure. Taken together, our findings show that national culture plays an important role in influencing corporate innovation around the world.

Publication Details:

Published: June 2017

Volume: 43

Pages: 173-187

Journal: Pacific Basin Finance Journal

Authors: Yangyang Chen, Edward J. Podolski, Madhu Veeraraghavan

Publication Status: Published

Chen, Y., Podolski, E. J., & Veeraraghavan, M. (2017). National culture and corporate innovation. Pacific-Basin Finance Journal, 43, 173–187.