Effects of informal competition on innovation performance: the case of pacific alliance

  • Jorge Heredia Business School, Universidad del Pacífico. Lima
  • Alejandro Flores Business School, Universidad del Pacífico. Lima
  • Cristian Geldes Facultad de Economía y Negocios, Universidad Alberto Hurtado
  • Walter Heredia Business School, Universidad del Pacífico. Lima
Keywords: Informal competition, innovation performance, emerging economies, Pacific Alliance.

Abstract

This study evaluates the impact of informal competition on the innovation performance of formal firms in emerging economies. A theoretical model under the strategy tripod framework is proposed. It analyzes the effects of Institutional factors as the quality of governance and market labor rigidities on innovation performance, and the mediating effect of informal competition. It is used the Causal Mediation Analysis with data from 3,268 companies from the World Bank Enterprise Survey from countries of the Pacific Alliance (Chile, Colombia, Mexico, and Peru). The results state that informal competition has a negative effect on the innovation performance of formal companies. Based on these findings, It is suggested some promising avenues for future research and managerial implications.

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Author Biography

Cristian Geldes, Facultad de Economía y Negocios, Universidad Alberto Hurtado

Cristian Geldes tiene un PhD en Management de la Universidad Adolfo Ibañez y actualmente es Profesor Asistente de la Facultad de Economía y Negocios de la Universidad Alberto Hurtado. Sus áreas de investigación son innovación empresarial, especialmente innovaciones no tecnológicas, redes de innovación y sustentabilidad. Ha publicado en Journal of Business Research, Academia Revista Latinoamericana de Administración y otras. Además, es revisor en journales como Industrial Marketing Management, Academia, Journal of Enterprising Communities: people and places in the global economy, Innovar y African Journal of Agriculture.

Published
2017-12-31
How to Cite
Heredia, J., Flores, A., Geldes, C., & Heredia, W. (2017). Effects of informal competition on innovation performance: the case of pacific alliance. Journal of Technology Management & Innovation, 12(4), 22-28. https://doi.org/10.4067/S0718-27242017000400003
Section
Research Articles