Innovation Activities of Firms and Business Environment in Transitional Economies
Abstract
The article investigates innovation activities of enterprises, and the impact both of intra-firm features and external determinants of business climate on these activities in transitional economies. Special attention is paid to administrative barriers and accompanying corruption burden in the case of innovative firms. Empirical analysis was held on the basis of “Business Environment and Enterprise Performance Survey” (BEEPS — joint initiative of the European Bank for Reconstruction and Development and the World Bank) data base for 2009 year. Two econometric models were used: the ordered logistic regression and the generalized ordered logistic regression. Analysis revealed steady correlation between increase of administrative barriers and intensity of innovation activities, and growth of corruption costs for firms overcoming the threshold between innovative and non-innovative behavior as well.
Keywords:
innovation, red tape, business climate, corruption, transitional economy
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Articles of the Russian Management Journal are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.