Firm Innovation in Emerging Markets: The Role of Finance, Governance, and Competition

By Meghana Ayyagari, Asli Demirgüç-Kunt, Vojislav Maksimovic. Journal of Financial and Quantitative Analysis, 2011

778 citations recorded by the source corpus.

Subfields: Accounting, Information Systems

View Paper: https://www.semanticscholar.org/paper/45fe468f143e4d67c29c7251bb8b30df73c72aa4

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Citations in the corpus

Innovation and Family Ownership: Empirical Evidence from India (2014, background): “Ayyagari, Demirgüç-Kunt, and Maksimovic (2011) study 19,000 firms across 47 developing countries and find that controlling families improve a firm’s innovation activities.”
Greasing the Wheels of Change: Bribery, Institutions, and New Product Introductions in Emerging Markets (2019, methodology): “Finally, firms’ access to financial resources is critical for their innovative performance (Ayyagari et al., 2011).”
Financial development and innovation: Cross-country evidence (2014, background): “Finally, Ayyagari, Demirgüç-Kunt, and Maksimovic (2011) use manager survey data from 47 emerging countries to show that more innovative firms are characterized by private ownership, highly educated managers, and access to external finance.”
State Ownership and Firm Innovation in China: An Integrated View of Institutional and Efficiency Logics (2017, background): “…linear effect of state ownership on innovation outcomes (or comparing SOEs with other types of firms) and thus only partially capture the impact of state ownership (e.g., Guan et al., 2009; Ayyagari, Demirgüc-Kunt, and Maksimovic, 2011; Choi, Lee, and Williams, 2011; Choi, Park, and Hong, 2012).”
Is green the new gold? Venture capital and green entrepreneurship (2016, neutral): “Thus, in line with Ayyagari et al. (2011) and Chen et al. (2011), we let this identification issue to future research.”
Innovation and productivity in formal and informal firms in Ghana (2017, neutral): “The data at hand include different levels of the formal character of the firms, expanding the literature on innovation in developing countries that has concentrated on innovation in formally registered firms (Ayyagari et al., 2011).”
Subsidies, financial constraints and firm innovative activities in emerging economies (2017, methodology): “Ayyagari et al. (2011) identify eight firm innovative activities using responses to similar questions in the Enterprise Surveys of the World Bank and observe that a higher percentage of firms are more actively engaged in core innovation (introduced a new product line, upgraded existing product…”
SMEs in sustainable development: Their role in poverty reduction and employment generation in sub-Saharan Africa (2020, background): “Ayyagari, Demirgüç-Kunt, and Maksimovic (2011) explain that: ‘– while small firms create more jobs than large firms, their contribution to productivity growth is not as high as that of largefirms’.”
Does Political Corruption Impede Firm Innovation? Evidence from the United States (2019, background): “…and Wu (2017)), stakeholder protection laws (Acharya and Subramanian (2009), Acharya, Baghai, and Subramanian (2013), (2014), Brown et al. (2013), and Cerqueiro, Hegde, Penas, and Seamans (2017)), and financial development (Ayyagari, Demirgüç-Kunt, and Maksimovic (2011), Hsu et al. (2014)).”