Publicação
The impact of social capital on innovation
| Resumo: | This dissertation investigates a relatively modern theme in economic science, namely the relationship between social capital and innovation. Social capital encompasses certain aspects such as trust, values and social participation, which can constitute incentive channels for innovative activity, minimizing the costs related to it. The aim of this study is to quantify and analyze the impact of social capital on innovation in a sample of 55 countries from different economic classes in a cross-sectional analysis for the year 2017. Bearing in mind the complexity of the measurability of social capital and of innovation, there was the need to establish proxies for the characterization of both, in order to answer our research question. The regression model was estimated using the Least Squares Method. The results reveal that social capital positively affects innovation in the studied countries in 2017, as expected. Such positive relationship occurs because social capital prevents egoistic behavior through the enforcement of informal norms, we believe. Moreover, if a researcher displays an honest character by signaling the true quality of his ideas, his trustworthiness increases in the eyes of investors, consequently investors may positively change their expectations regarding this researcher and others, which may increase the probability of financing innovation activities in the region. |
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| Autores principais: | Rafael, Elad Sadaan Samuel Correia |
| Assunto: | Innovation R&D Social capital Trust Capital social Confiança I&D Inovação |
| Ano: | 2020 |
| País: | Portugal |
| Tipo de documento: | dissertação de mestrado |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | Universidade do Minho |
| Idioma: | inglês |
| Origem: | RepositóriUM - Universidade do Minho |
| Resumo: | This dissertation investigates a relatively modern theme in economic science, namely the relationship between social capital and innovation. Social capital encompasses certain aspects such as trust, values and social participation, which can constitute incentive channels for innovative activity, minimizing the costs related to it. The aim of this study is to quantify and analyze the impact of social capital on innovation in a sample of 55 countries from different economic classes in a cross-sectional analysis for the year 2017. Bearing in mind the complexity of the measurability of social capital and of innovation, there was the need to establish proxies for the characterization of both, in order to answer our research question. The regression model was estimated using the Least Squares Method. The results reveal that social capital positively affects innovation in the studied countries in 2017, as expected. Such positive relationship occurs because social capital prevents egoistic behavior through the enforcement of informal norms, we believe. Moreover, if a researcher displays an honest character by signaling the true quality of his ideas, his trustworthiness increases in the eyes of investors, consequently investors may positively change their expectations regarding this researcher and others, which may increase the probability of financing innovation activities in the region. |
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