Law, culture, and innovation

Arbeitspapier

This chapter reviews theoretical and empirical research on the relationship between legal systems and innovation and culture and innovation. We highlight legal and cultural forces that encourage innovation activities, including strong patent protection, entrepreneur-friendly bankruptcy laws, and strong labor laws, as well as policies that encourage risk taking and a long-term orientation. We provide a snapshot of recent cross-national data that confirms some of these lessons from prior studies. In the subset of Southeast Asian countries, the most recent data indicate that intellectual property rights are relatively more important and culture is relatively less important for patents. We discuss implications for future research, as well as lessons for policy makers.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: ADBI Working Paper ; No. 793

Classification and Topics

• Classification: Wirtschaft ; Asset Pricing; Trading Volume; Bond Interest Rates ; Information and Market Efficiency; Event Studies; Insider Trading ; General Financial Markets: Government Policy and Regulation ; Business and Securities Law
• Subject: law ; culture ; innovation

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Cumming, Douglas ; Johan, Sofia
• Event: Veröffentlichung
• (who): Asian Development Bank Institute (ADBI)
• (where): Tokyo
• (when): 2017

Further information

• Handle: http://hdl.handle.net/10419/190214
• Last update: 10.03.2025, 11:42 AM CET